Dallas has been the best-performing of 20 major housing markets in the U.S. since the real estate bubble burst in 2006, as job and population growth pushes up demand.
The north Texas metropolitan area is the only one among the cities in the S&P/Case-Shiller index with a gain, on an absolute basis as well as adjusted for price swings, in the seven years through March, according to the BLOOMBERG RISKLESS RETURN RANKING based on the most recent data available.
“We didn’t have a bubble in the first place, so there was no real collapse in prices,” said Mark Dotzour, chief economist at the real estate center at Texas A&M University in College Station, Texas. “I expect we’ll be in this seller’s market that’ll lead to higher appreciation than normal this year and next.”
Read more...Dallas Home Prices Do Best Since Bubble: Riskless Return - Bloomberg