Dallas, Texas Real Estate Market Trends and Statistics
Current Real Estate Market Trends for Dallas
Here is an outline of what the current real estate marketing looks like in Dallas and how it compares to the State of Texas in our current economic state.
Every state has variations of how the foreclosure process operates. In Texas, the foreclosure process is both Judicial and Non-Judicial. The time period to process a foreclosure is 27 days with a Sale Publication not required and no redemption period given.
How Dallas Compares
5% of Texas’s overall population is taken up by Dallas. Accounting for 12 million people and a media income of over $55,000, this is viewed higher than the state median income of less than $50,000. The overall unemployment rate is 0.4% higher than the state and sees over a lower foreclosure rate of 1 in every 3233 versus the state driven 1 in every 1,336 homes.
The average home purchaser is about 6 years older than the state average with a home average price that is 47% the average market price seen throughout the state.
Top 5 Zip Codes for Unemployment
Dallas is seen as having the highest unemployment rate in the state. Here is a list of the top five zip codes to start looking.
Top 5 Zip Codes for Mortgage Free Living
Here is a listing of the top 5 zip codes to live mortgage free:
The New Popularity with Renting It seems as if the mortgage crisis not only saw a drop in home value, but resulted in individual preferences leaning towards the desire to rent versus own a home. What... More
The Rental Market Around the U.S. As people relocated from coast to coast, or any state in between, the rental market is priced at various cost levels. Here is a look at some of the most expensive and... More
Healthiest Real Estate Markets for 2013 The housing market this year is showing a lot of promise as home prices rise 4.9% nationwide. Based on the median rent and sale prices nationwide, here is a... More
Leasing to Millennials With an estimated 8 million Gen Y renters hitting the marketplace in the near future, prepare yourself to accommodate these informed and technologically advanced prospects.... More
Renting in the UK Renting offers its own list of benefits and down slides. Here is a look at unspoken rules to follow when renting in the UK. Location Don’t put all your faith in a single location.... More
Apartment Renting Trends As renting grows in popularity, trends are bound to change. The Renting Demographic Over 75 million baby boomers are looking to downsize into urban apartments to live a... More
The 10 Most Romantic Cities in the U.S. A listing of the ten most romantic cities in the United States. These cities not only show strong housing markets, but are increasingly considered highly... More
Rent or Own? In today’s economy, the housing market can seem like a scary place. Before making your decision to either rent or own, here is a listing of the pros and cons of either option. Pros of... More
Commercial Leasing vs. Purchasing If you are looking at developing equity for your business, first consider your options of leasing versus purchasing commercial property. Performing market research in... More