Just yesterday, Ted Jones, the Chief Economist for Stewart Title, gave his annual economic forecast. Ted always brings hard facts and he doesn’t always just tell us what we want to hear.
In a quick summary, Ted Jones research has proven that while the rest of the nation aren’t all seeing a rising economy and Real Estate Market, the Dallas and Fort Worth area is. Home prices in our area as an average have gone up. On his blog Ted says,
“Once again the data show that wherever sales go, prices eventually follow. And sales (and these are the 12-month moving averages) are rising. We are likely looking at the turning point for rising property values.”
The unemployment related to house prices and sales graphs on his site are well worth checking out too. View economic research graphs in Real Estate.