DALLAS-FORT WORTH (Dallas Morning News) – Prospects are improving for rising home equity in the area, according to a report from the Center for Economic and Policy Research and the National Low Income Housing Coalition.
DFW homeowners could have an average $87,110 in home equity by 2013. That is a $6,000 increase from a similar estimate made in October.
The report's equity outlook is based on purchases of homes priced at 75 percent of the median price. Researchers suggest that positive home equity will be seen in all of Texas' major home markets during the next few years.
Area homeownership and rental costs were also slightly higher than the October estimates. There is now almost no difference in the two costs within the DFW area.
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