Why the house price in DFW is least likely to decline in next two years?

The DFW residential real estate market is least likely to decrease hose values compare with the rest of the country.

Based on the PMI Group report released on Tuesday, the chance of house price decline is big for the biggest part of the country.

PMI Group point Dallas – Ft.Worth in its latest forecast on last place as chance of house price decline.

The chance hose price to drop in the next two years in DFW is less than 1%, regarding PMI Group research.

DFW have showed moderate increase of the price the last few years in average of 5 – 6% and that makes the area sable on the background of decreasing house price in the most of the largest cities nationwide.

The hose price in North Texas is relatively flat compare with falling price in most of the U.S major cities.

Based on the analyses of PMI Group the median prices in North Texas Realtors’ multiple listing were 1 percent up 2007 compare with 2006.

Dallas – Ft.Worth area was also much less affected by investors drove the prices up.

Regarding Mr. David Barson, economist for PMI, the economy in Texas is stable and the job growth is about the nation average. Because of that and the fact that Texas “did not participate in the double digit home price gains in the first half of the decade”, prognoses are that DFW housing market will not suffer a lot like a lot of big cities in the country.

Regarding PMI Group research published in The Dallas morning news the most risky cities in the next two years are:

River side, CA
Las Vegas, NA
Phoenix, AZ
Santa Ana, CA
Los Angeles, CA

Least risky:

Forth Worth, TX
Dallas, TX
Pittsburgh
Houston, TX
San Antonio, TX