Affordable Homes!

One of the best things currently going for us in the Dallas-Worth Metroplex is the hold on good prices, and the general prices here, compared to most areas of our country. I wanted to include a great article I found recently by a specialist in this field.


Affordable Housing In Dallas-Fort Worth Market
by Broderick Perkins


Dallas has come a long way since cowboys roamed the range and the football team with the same name lassoed five Superbowl victories, but housing remains comparatively affordable.

Silicon is the new big oil in Dallas, also dubbed "Silicon Prairie" for its high concentration of telecom and information technology companies, including regional or national headquarters for the likes of AT&T, Ericsson, Fujitsu, MCI, Nokia, Nortel, Rockwell, Sprint, as well as technology industry pioneer, Texas Instruments.

For all its big city spread, the relative low cost of living keeps home prices affordable, which at the start of 2006, were listed at a median of $147,600 for single-family homes, compared to the $207,300 national median for metropolitan areas, according to the National Association of Realtors.

"However, with a median price of $151,450 (for newly built homes) with an average square feet of 2,341, many Dallas-Fort Worth homes provide consumers with a combination of space and affordability that is difficult to find in other markets," added Mills.

That could make the area a spillover market, enjoying an influx of buyers and investors fleeing over-inflated housing markets where prices have peaked.