What's on Dallas real estate investors' minds? Lots!

The biggest homebuilding slowdown on record has left the Dallas-Fort Worth area with lots of empty lots.

How many? Enough to last more than five years, according to the latest estimates.
"Home starts have declined almost 67 percent while the lot supply has fallen only 2 percent," said local housing analyst Ted Wilson.

For investors, those unwanted properties offer the potential for profit.
More than 90,000 vacant home sites are sitting ready to go – many in far suburban areas of Dallas-Fort Worth. And there's even more surplus residential land planned for housing developments that have been put on hold.

"It may take many years for those markets to work down the oversupply," said Wilson, who's with Residential Strategies Inc.

The glut of home lots and land has caused builders to take billions of dollars in financial write-offs and left some lenders holding the bag with shaky loans.

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