Southlake Real Estate Blog

Look For Improvement in the Southlake Real Estate Market in 08

While the overall confidence and vitality of the national housing market remains less than stellar, the Southlake and Colleyville luxury housing market should continue to rebound in 2008. Because luxury buyers are typically insulated from the economic pressures associated with lower housing price points, I predict better than average demand should return to the Tarrant County luxury housing market in mid to late 2008. We can thank the wealthy for their ability to continue to grow their fortunes in spite of less than ideal national economic circumstances.

Dodging the “R” Word

Mind you, all it takes is the prolonged use of the “R” word (recession) by the media or the unthinkable (a terrorist event) and the US economy will be quickly impacted by these events. Short of these serious events, expect our local luxury home market to “turn the corner” in 2008. There will be some softening at the entry levels of the luxury market as many “wannabe affluent” attempt to reach for luxury homes that they really couldn’t afford to purchase. Knowledgeable Southlake luxury home buyers empowered with information and partnered with an expert Tarrant County luxury real estate agent should have no problem locating the home of their dreams.

Dallas Luxury Real Estate Makes the Forbes “Blue-Chip” List

Forbes.com recent release of their “Blue-Chip” US Neighborhoods only confirms what has been a known fact all along – prestigious real estate is a sound investment. These luxury communities were identified by Forbes as the top performing real estate investment communities in the nation:

• Pacific Palisades on the Westside of LA
• Chicago’s Lake Shore Drive area
• Manhattan’s Fifth Avenue And 70th Street
• University Park in Dallas
• Philadelphia’s Walnut Street And Third Street
• Houston’s West University Place
• Atlanta’s Ponce De Leon Avenue And Oakdale Road area
• Washington, D.C.’s Rock Creek Parkway And Massachusetts Avenue area
• Phoenix’s Village On The Lakes And Taliverde area
• Miami’s Brickell Avenue And 13th Street area
• San Francisco’s El Camino Del Mar And Lake Street

Real Estate is Bought and Sold on a Local Level!

While the Tarrant County luxury real estate market was not identified by Forbes, many of the same local economic dynamics that impact our local Southlake luxury market also affects the University Park area in Dallas. When evaluating real estate news “sound-bites” about the US real estate market, remember – real estate is bought and sold on a local level and each market is different. I recommend you analyze your market to know where the “hot” opportunities are located and remember – we are here to lend our expertise. Yes – foreclosures are occurring and the best opportunities for real estate investors exist at the opposite ends of the spectrum—luxury and foreclosure properties.

Future Post – What’s Coming to the Southlake Real Estate Blog?

Expect to read about how the wealthy approach buying and selling real estate from an “international” perspective, the impact of “Buying Green” in real estate and finally the desire for the wealthy to live a more private life. If you have a request for a topic for this blog, be sure to leave a comment and let me know what you would like to read about.

Be the first comment and let me know your thoughts on our Tarrant County real estate market and where you think it is headed for 2008.

Until my next post,

Sharon

This entry was posted on Tuesday, January 15th, 2008 at 10:22 am and is filed under Southlake Luxury Homes. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.