Dallas Real Estate and the Media

By dallasrealtor | January 21, 2009

Don’t rely primarily on the media when it comes to making real estate decisions.  They like to “hype” the news when they report it.   They will offer factual numbers and figures, but the manner in which they report it is a little skewed.  You need to dig through the facts for the actual truth.  Let’s take Dallas real estate for example.  Median prices of homes fell a meager 3% in December.  That’s not really a whole lot if you look at the big picture.  That’s actually pretty good compared to other markets that fell 10% and 15%.  So, don’t think, “Wow, the housing market in Dallas fell 3% in December.”  Realize that real estate in Dallas only fell 3% and that’s saying a lot.

The media will also tell you that prices were down 3% for the entire year of 2008.  Well, the nationwide median home sales prices were down nearly 13.5% percent.  So, I guess Dallas isn’t doing all that bad after all.  The truth is that the Dallas real estate market is holding its own through these tough economic times.  So, where would you want to live?

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