Thursday, April 24, 2008

The Brighter Side of Housing

After a few week hiatus, I am down to a cast below my elbow allowing to type and rejoin the land of the living!
I read some encouraging news for those of us living here in the Dallas area. The Wall Street Journal rated 28 metro areas in the country and only three of those 28 were listed as "Strong" markets with high job growth and a "normal" amount of housing inventory.
Dallas was third behind Seattle and Houston with 6.6 months of inventory available.
One of the most shocking statistics to me was the staggering 34 months of inventory in the Miami area. That's almost three years of homes sitting on the ground! I just couldn't imagine that!
To see the full chart, visit the following website:
http://s.wsj.net/public/resources/documents/retro-HAGERTY.html

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