Promising report for DFW housing market. According The Center for Economic and Policy Research and the National Low Income Housing Coalition homeowners in the Dallas - Fort Worth Metroplex will have average $87,110 in home equity by 2013.
The prospects for rising home equity in the Dallas-Fort Worth area are improving, according to a new report.
The Center for Economic and Policy Research and the National Low Income Housing Coalition looked at housing and economic conditions in 100 of the country’s largest metropolitan areas.
The just-released research suggests that D-FW homeowners will have an average $87,110 in home equity by 2013. That’s up about $6,000 from a similar estimate made in October.
The equity outlook is based on purchases of homes priced at 75 percent of the median price. Equity is the difference in what an owner owes on a house and what it's worth at sale.
No comments:
Post a Comment