Roxanne DeBerry says that for North Dallas and it's northern suburbs the subprime meltdown has brought a reduction of buyers.
But, she says, home prices in most of her areas have remained stable, and there has been a reduction in the large inventory of speculative new homes.
DeBerry says the market in Dallas and Collin County and surrounding areas remains strong due to the large number of fortune 500 companies in the area.
Employment is strong and mortgage rates are low, she says, and that drives the housing market.
And besides that good news, DeBerry thinks the reduction in new homes being built will keep home prices stable.
In areas where there is a lot of builder inventory, prices may be under more downward pressure.
But since there hasn't been a major run up in prices over the past 3 years, she doesn't see any major price reductions happening soon.
For more information on this market contact Roxanne DeBerry at:
TheDeBerryTeam.com.
Published: May 7, 2008
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