2008 In Review

If you are not aware that 2008 was a bad year for the housing industry, you probably also were unaware there was a presidential election in 2008 as well. The slumping housing industry, and economy in general for that matter, dominated the news almost as much as the battle between Obama and McCain. With no positive news about the economy anywhere on TV or in print, I was surprised to read a study done here in DFW that yielded some surprising results.

The study showed that while the rest of the country saw their home values drop an average of 10% with some as high as 25-30%, DFW saw a price increase of 2-3%!! Isn't that great. The home values in one of the worst housing markets in several decades actually went up in the Dallas area. Owning a home was actually a sound investment. That is great news for all you homeowners or potential homeowners out there.

Here is the link:
Report Shows Home Prices Increased In 2008

This Happy News Brought To You By:
Newport Homebuilders
www.newporthomebuilders.com
469.854.6640