Thursday, May 15, 2008

METROPLEX GOOD PLACE TO BUILD EQUITY

When it comes to building equity, the Metroplex is among the top five markets expected to do well over the next four years. Or so says the Center for Economic and Policy Research and National Low Income Housing Coalition.

According to the center’s recent study, a person who buys a house priced at 75 percent of the median for the DFW area could gain more than $80,000 in equity four years from now.

Mark Dotzour, chief economist with the Real Estate Center at Texas A&M University, said that while the study confirms the relative strength of the Texas housing market, he would advise against using the projections of any study as the basis for homebuying.

"I hope they are right, but my guess is they might be overstating it a little bit," Dotzour said. Dallas Morning News