Abstract:
Data and information on the Dallas remodeling market
Publication Date:
Wed, 2009-09-30 19:00
Article Image:
Population: 6,300,006 (22.1 percent increase since 2000)
Existing home sales: Q2 2009 sales were down 18.8 percent from 2008, but up 37.9 percent from Q1
Home prices:
- Down 2.2 percent from 2008
- Down 5.4 percent from June 2007 local peak
- Up 2.8 percent over last 5 years
- Up 19.7 percent over last decade
Homeownership rate: 63.6 percent (No. 52 among major metros)
Median household income: $53,748
Local unemployment rate: 8.3 percent (up from 5.3 percent in 2008)
Sources: MetroTex Association of Realtors, S&P/Case Shiller Home Price Index, U.S. Bureau of Labor Statistics, U.S. Census Bureau
RELATED LINKS
The Dallas Morning News: Dallas-Fort Worth area sees decline in home sales, but prices hold steady
The Dallas Morning News: Dallas home prices showing gains, fueling optimism
John Todd of Elite Remodeling on Making Small Projects Work
