Dallas housing market continues to defy national trends!
01:16
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1 year ago
According to a Dallas Business Journal report by Robert Edelman (Eddle-man), the Dallas housing market has defied national trends and remains the most stable of any major city in the United States.Many factors contribute to the strength of Dallas' market, Edelman says, and have kept home prices from reaching the sky-high levels seen in other parts of the country.Favorable zoning regulations and an ample land supply have allowed the metroplex to keep pace with demand, he says, which has allowed robust competition among builders to keep pace with the market and create price and supply stability.Dallas' strong job market has also helped the city's housing growth remain stable and healthy.As Edelman reports, a steady influx of jobs, income and housing availability keeps metroplex house prices safe from excessive increases and corrections.He says Dallas has also taken proactive steps to ensure future housing stability, like creating an infrastructure for condominium and townhome development.These developments represent a real responsiveness on the part of Dallas builders and developers to keep up with changing lifestyle demands.This responsiveness, in conjunction with Dallas' robust job growth, land resources and location has helped the area avoid the housing problems that beset other parts of the country.According to a Dallas Business Journal report by Robert Edelman (Eddle-man), the Dallas housing market has defied national trends and remain...all »According to a Dallas Business Journal report by Robert Edelman (Eddle-man), the Dallas housing market has defied national trends and remains the most stable of any major city in the United States.Many factors contribute to the strength of Dallas' market, Edelman says, and have kept home prices from reaching the sky-high levels seen in other parts of the country.Favorable zoning regulations and an ample land supply have allowed the metroplex to keep pace with demand, he says, which has allowed robust competition among builders to keep pace with the market and create price and supply stability.Dallas' strong job market has also helped the city's housing growth remain stable and healthy.As Edelman reports, a steady influx of jobs, income and housing availability keeps metroplex house prices safe from excessive increases and corrections.He says Dallas has also taken proactive steps to ensure future housing stability, like creating an infrastructure for condominium and townhome development.These developments represent a real responsiveness on the part of Dallas builders and developers to keep up with changing lifestyle demands.This responsiveness, in conjunction with Dallas' robust job growth, land resources and location has helped the area avoid the housing problems that beset other parts of the country.«
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