2011 - THE OUTLOOK IS GOOD!

Posted by Emily Ray-Porter Group on Friday, January 7th, 2011 at 12:15pm.


The Dallas - Fort Worth real estate market is improving and the outlook for 2011 is good:


"We think that new home construction will be up by about 15%, so we've got 18,300 new homes in the forecast."
Ted Wilson, Residential Strategies, Inc.
Dallas Business Journal 12/16/2010


"We're very optimistic about 2011, primarily because corporate America seems to have a lot of pent-up demand, and they're opening up their pocketbook and capital is flowing."
Steve Van Amburgh, CEO, KDC Real Estate Development and Investments
Dallas Business Journal 12/16/2010


The Dallas Fed predicts Texas could gain 250,000 jobs next year.
Mine Yucel, Sr. Economist and VP, Dallas Federal Reserve
Dallas Morning News, 12/17/2010


Texas existing home sales in the four largest metro areas rose slightly, housing starts increased 19.9% and new housing permits increased 5.8% in November.
Texas Economic Indicators - January 2011
Federal Reserve Bank of Dallas


Pending sales at the end of December 2010 are greater than at the end of December 2009, predicting an increase in closed sales during the first months of 2011.
Ebby Halliday Companies


The Dallas - Fort Worth economy is improving, the real estate market is recovering, and the outlook for the coming year is very good.


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