The DFW market is showing some seriously erratic behavior. There doesn’t seem to be a lot of correlation between the pricing and sales movements in different areas of town. Arlington for the most part is down; both in numbers of sales and in prices. Certain parts of Central Fort Worth, on the other hand, have risen in both of these departments.
The only clear trend that I can see is that the markets focused more on city center remain strong. That is to say that those markets around downtown, like the TCU area, have performed better than the areas farther removed. I suspect that we will continue to see this trend.
For several decades now the US has nurtured a culture of suburbanization. Those daily may certainly be coming to an end. The best investments will most likely be the ones that equate into short commutes. I see this study as proof of that happening.
October 13th, 2009 at
I’m not at all surprised.