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DFW Jobs Increase in 2007 |
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By RE News on
3/17/2008 3:05 PM
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DFW Jobs Increase in 2007
From DallasNews.com:
"Dallas-Fort Worth employers added 66,500 nonfarm jobs last year, a hair above
the previously announced 65,800, according to revised figures released Tuesday
by the U.S. Department of Labor."
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Ignore the Headlines |
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By RE News on
3/17/2008 2:50 PM
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”Ignore the Headlines!”
That’s what famed money manager Peter Lynch states in the February 25, 2008 issue of Time Magazine in a potent case for buying now, whether it’s real estate or stocks.
Best known for his timeless advice that one should focus investments in the stocks of companies where one either works, shops or has some other positive connection, Mr. Lynch noted that when prices are falling, few people have the discipline to buy stocks, a house, gold, art or any other asset. “But those who do pull the trigger excel in the long run,” he says.
“It’s time to get serious - before an inevitable rise in interest rates wipes out your advantage,” states the Time article. “The thing that will make home prices stop falling is the very same thing that will push mortgage rates higher,” adds Jim Svinth, chief economist at mortgage firm Lending Tree. “So anything you gain by a further drop in prices might be offset by rising financing costs.”
While the North Texas real estate market is outperforming the national market with stable home sales and price appreciation, negative headlines have put many prospective buyers in a “wait and see” mode. Yet the buying climate and interest rates for those who have a good employment and credit history are excellent! In fact, a study last month by Global Insight and National City Corp. found Dallas homes to be 30 percent undervalued and Fort Worth homes almost 25 percent undervalued.
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