Economic development leaders bullish on Dallas area

Economic development leaders bullish on Dallas area
By Steve Brown / The Dallas Morning News
September 4, 2009

The Dallas-Fort Worth area is well-positioned to grow new business after the recession ends, economic development leaders predicted Thursday in a presentation to a local real estate group.

"We have a lot of things going for us," Karl Zavitkovsky, the city of Dallas' director of economic development, told executives at a meeting of the North Texas CCIM real estate property group. "I think we will come out of this earlier than elsewhere in the country and in a lot better shape."

North Texas is not at the epicenter of today's economic and housing downturn, as it was in two previous economic ones – the 1980s savings and loan crash and the more recent burst of the dot-com bubble.

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Survey shows Dallas-area home prices gained nearly 2%

By STEVE BROWN / The Dallas Morning News

Most Texas home markets continued to eke out tiny increases in home prices in early 2009, according to a new report by First American CoreLogic.

Texas home prices were up by just less than 2 percent in the California-based housing analyst’s latest survey released Monday.

While Texas prices rose, nationwide home prices in January fell by 11.6 percent compared to a year ago to the lowest level in almost five years.

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In Dallas-Fort Worth Market, No Flood of Homes for Sale

"Unlike many other areas of the country, the North Texas home market hasn't seen a flood of properties for sale in recent months.

In February, the number of homes offered through the Realtors' multiple listing services dropped 1 percent from a year ago. And the number of listings added to inventory last month was down 7 percent from last year, the North Texas Real Estate Information Service reported Friday." The Dallas Morning News(March 07, 2008)

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