Favorable Job Market Conditions Assist Texas Real Estate Housing Stability

March 24, 2011 by · Leave a Comment 

February 2011 Existing Home Sales

February 2011 Home Sales

February 2011 Home Sales

NAR chief economist, Lawrence Yun, released a February 2011 housing report forecasting an uneven market recovery in the months ahead.  “Housing affordability conditions have been at record levels and the economy has been improving, but home sales are being constrained by the twin problems of unnecessarily tight credit, and a measurable level of contract cancellations from some appraisals not supporting prices negotiated between buyers and sellers,” he said.  “This tug and pull is causing a gradual but uneven recovery.  Existing-home sales remain 26.4 percent above the cyclical low last July.”

Texas Real Estate Market

February 2011 existing homes sales fell 9.6% following three straight months of positive gains.  Housing inventory rose  at the end of February 3.5 percent to 3.49 million existing homes available for sale, which represents an 8.6-month supply at the current sales pace, up from a 7.5-month supply in January.  Reports show home prices are much more stable in areas such as Texas where there is move favorable job market conditions.

To view the complete article and vido on recent February 2011 Existing home sales, please check out NAR February 2011 Housing Report.

Dallas Real Estate Market | Fort Worth Real Estate Market

For more information on Dallas Fort Worth real estate, please contact DFW Urban Realty.  Our agents specialize in Dallas Real Estate and Fort Worth Real Estate.

Be Sociable, Share!

Related posts:

  1. Dallas Real Estate Market Reports Instill Confidence in 2011 Recovery
  2. Dallas Real Estate Ranks in Top Five Strongest U.S. Markets
  3. Dallas Real Estate Home Sales Increase & Inventory Decreases
  4. Dallas Real Estate Home Sales Increase Due to Buyer Programs & Tax Credits
  5. Dallas Real Estate Home Values & Pending Home Sales Rise
About Kenneth

Comments are closed.

Twitter links powered by Tweet This v1.8.2, a WordPress plugin for Twitter.

Get Adobe Flash player