Phil Amodeo, Arlington, TX, Realtor, Market Report

Real estate expert Phil Amodeo reports that North Texas is the leading real estate market in the nation with the most stable prices and increasing sales.

Prices were up 1.9% in May compared with June, which had increased 1.7% in May.

The inventory of unsold homes is starting to shrink, and in some areas, there is a relative shortage of homes.

The $8,000 1st time homebuyer tax credit is fueling the stronger activity, as well as move-up buyers who are seizing the opportunity to buy bigger homes at a discount.


Existing home sales were up 3.6% Nationally, and new home sales continue to rebound, too, up 11% in June, compared with May.

This is the largest increase since December, 2000, so it appears that the real estate market has turned a critical corner.

In a separate report, it was announced recently that Texas offers one of the top business climates in the nation, with unemployment significantly below the national average, and the likelihood that the area will rebound quickly as the national economy improves.

Interest rates remain low, so it's a great time to purchase a new home in the dynamic North Texas market.

Mansfield and Arlington offer great neighborhoods,abundant recreational facilities, entertainment and shopping for all lifestyles and age groups.

The convenient access to Dallas and Fort Worth makes them an ideal communities to call home.

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