So i'ts been about a hundred years or so since my last post. I went to blog rehab, refocused on my business and things couldn't be busier or better. So what better to post about than the great news that is Dallas real estate.
The PMI Group just released it's Summer 2008 U.S. Market Risk Index that "ranks the nation's 50 largest metropolitan statistical areas (MSAs) according to the likelihood that home prices will be lower in two years." At the top of the list is Riverside, CA which is most likely to experience a (continued) price decline 2 years from now. At the bottom of the list? Drum roll please...well, it's Ft. Worth and Arlington. But right above them is Dallas, Plano and Irving! So we're the 2nd least likely city in the nation to see a price decline in the next 2 years. Not too shabby. Here's the Top 10 "most riskiest cities".
Riverside-San Bernardino-Ontario; CA
Fort Lauderdale-Pompano Beach-Deerfield Beach; FL
West Palm Beach-Boca Raton-Boynton Beach; FL
Orlando-Kissimmee; FL
Las Vegas-Paradise; NV
Tampa-St. Petersburg-Clearwater; FL
Santa Ana-Anaheim-Irvine; CA
Los Angeles-Long Beach-Glendale; CA
Miami-Miami Beach-Kendall; FL
Sacramento-Arden-Arcade-Roseville; CA
And the Top 10 cities least likely to experience a price decline in 2 years:
Charlotte-Gastonia-Concord; NC-SC
Kansas City; MO-KS
Columbus; OH
Cincinnati-Middletown; OH-KY-IN
Indianapolis-Carmel; IN
San Antonio; TX
Houston-Sugar Land-Baytown; TX
Pittsburgh; PA
Dallas-Plano-Irving; TX
Fort Worth-Arlington; TX
So quitcherbitchin'. Glad to be back!
Welcome back Jeff. Glad business is going well (as we discussed Tuesday). Note that 4 of the 5 least risky metro areas are in Texas. Very nice. Now if people would just start focusing on the local market only instead of reading the DMN headlines about national real estate sales...
ReplyDeleteHello, is this thing on?? I wondered if you were ever going to blog again! Glad you're back in the blogging world!
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