Dallas area is a good place to build equity in your home!

According to the Dallas Morning News, a new study by the Center for Economic and Policy Research and National Low Income Housing Coalition projects that DFW homebuyers could see one of the best increases in equity in the country during the next few years. That could be why the Dallas/Fort Worth area is seeing a huge influx of people moving to the area. In March 2008 alone (most recent figures available) 168,000 new people moved to the metroplex. The comprehensive report looked at home ownership and rental costs and the prospects for building home equity in 100 metropolitan areas. In terms of building equity, the DFW area is among the top five markets expected to do well between now and 2012. A homeowner who buys a house priced at 75% of the median for the area could gain more than $80,000 in equity four years from now, the study finds.

Farmers Branch new construction foreclosure that we could negotiate down to 75% of median home values in the neighborhood.

This is easier to do when you are getting in on the ground floor of a new build community, at the close-out of a community or with a foreclosure, REO or short sale. We have relationships with new home builders and know where the best values are in new community start-ups, close-outs and foreclosures, REO’s and short sales in Allen, Las Colinas, Irving, Frisco, McKinney, Richardson, Plano, Carrollton, Farmers Branch, Addison, The Colony, and Little Elm where we’ll be able to negotiate these types of bargains! Just contact us. (terri.h@kw.com)