The following was sent to all members of the Ebby Halliday Companies by President & CEO Mary Frances Burleson. We love hearing good news about the Texas housing market and we thought you would too!
You should be optimistic about the Texas real estate market in 2013.
Dr. Mark Dotzour, chief economist of the Real Estate Center at Texas A&M University, noted in a recent presentation, “You should be optimistic about the future of housing and economic growth in Texas.” Dr. Dotzour noted several reasons:
* Home prices are up for the eighth month in a row
* Buyer psychology has shifted from negative feelings about purchasing property to positive feelings
* More than 3.6 million job openings are currently available in the US, and many are in Texas
* Americans have credit capacity again.
Dr. Dotzour also shared that home prices in Texas will increase this year because of inventory levels and consumer demand for housing.
Ron Burgert, CFO of the Ebby Halliday Companies, at a joint meeting of several Ebby Halliday sales offices, recently complimented Ebby Associates for their exceptionally strong sales performance during the fourth quarter of 2012, and predicted that the firm’s sales in 2013 could increase as much as 20% over 2012.
It looks like 2013 could easily be a record year for both the Ebby Halliday Companies and the Dallas-Fort Worth and North Texas real estate market!