Real estate data shows strong home sales in Dallas
The homes for sale in Dallas are a great option for property buyers, and these people may consider moving to the area for a variety of reasons. Recent real estate data indicates the houses in this city have been a hot commodity during the summer of 2012.
According to The Dallas Morning News, a report from housing market research firm CoreLogic stated that the metro's home sales increased 3.8 percent between July 2011 and July 2012. CoreLogic president and CEO Anand Nallathambi said the report's data shows the city's and nation's housing markets appear to be moving in the right direction.
"It's been six years since the housing market last experienced the gains that we saw in July, with indications the summer will finish up on a strong note," Nallathambi told the newspaper. "Although we expect some slowing in price gains over the balance of 2012, we are clearly seeing the light at the end of a very long tunnel."
Homebuyers may consider many factors when deciding whether to buy property in Dallas. CoreLogic's report and the recently released Consumer Distress Index show that these property buyers may find significant value among the Dallas houses available.
What is the Consumer Distress Index?
CredAbility, a nonprofit agency that provides credit counseling and debt management support, tracks U.S. households using the Consumer Distress Index. This measurement uses credit, employment, household budget management and other factors to track the financial condition of American households in metros throughout the country.
The New York Times notes that this agency found the Dallas-Fort Worth area to be among the 30 healthiest cities in the United States in the second quarter of 2012 using the aforementioned index. Many factors contributed to the city's ranking, including its lower-than-average unemployment rate.
In July 2012, the U.S. jobless rate was 8.3 percent. Meanwhile, the metropolitan statistical area that includes Dallas, Fort Worth and Arlington had an unemployment rate of 7.4 percent during the same time frame, the Texas Workforce Commission reports. The city's jobless rate represents a 0.9 percent decrease from the same period in 2011, a reflection of the area's economic expansion.
Consider the opportunities available in Dallas, the ninth-largest city in the United States and home to nearly 1.2 million residents.