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Sep 25, 2009
Sep 24, 2009
Texas Housing Markets Forecast Nation’s Most Stable
CARY, NC (Local Market Monitor) – Five large Texas cities and ten smaller ones are among the nation's top markets when it comes to expected home price performance, according to Local Market Monitor’s latest Home Price Forecast.
Among the largest markets — those with populations exceeding 600,000 — Dallas|Plano|Irving, Fort Worth|Arlington, Houston|Sugar Land|Baytown, San Antonio and Wichita Falls filled five spaces on the ten-slot list of cities with the best expected performance in home price over the next year.
The same survey of the smallest US markets revealed ten Texas cities were tops, tied with other cities across the country. These were Abilene, Amarillo, Brownsville-Harlingen, College Station–Bryan, Corpus Christi, Killeen–Temple–Fort Hood, Laredo, Lubbock, Texarkana and Waco.
The study predicts local market behavior over the upcoming 12 months in over 300 markets, identifying those that are stable and have opportunity for growth.
Texas To Lead Economic Recovery
SAN ANTONIO (San Antonio Business Journal) – The four major Texas metros will be among the first in the nation to recover from the recession, according to a nationwide forecast by IHS Global Insight.
San Antonio and Austin will lead the way, bouncing back to their prerecession job levels sometime next year, predicts the Lexington, Mass.–based economic forecasting firm.
Houston and Dallas–Fort Worth are among eight other metropolitan areas predicted to recover by 2011.
Sep 16, 2009
Economy and Housing Prices in Texas Rank Highest
Texas cities and metropolitan areas boast the strongest economies in the United States, according to a just-released analysis by the Brookings Institution.
In a second-quarter comparison which analyzed the economies of 100 US cities, Austin Texas ranked first, Dallas–Fort Worth ranked fourth and El Paso sixth.
Houston's economy, ranked ninth in the comparison, but ranked first among cities with the biggest increases in home prices. In Houston, home prices jumped 4.9 percent over the last year.
In ranking cities with the strongest home prices, third-ranked DFW had a 3.8 percent increase in home prices, while tenth-ranked San Antonio had a 3.1 percent increase.
Sep 3, 2009
DFW airport OKs $1.5B facelift program
Dallas/Fort Worth International Airport reported Thursday that its board approved the first major expenditure tied to a $1.5 billion-plus terminal development program that will renovate Terminals A, B, C and E at the airport.
The terminals, which opened with the airport in 1974, are slated to be part of a project that D/FW considers an important mechanism in keeping the airport top-tier in terms of service and technology.
The board approved a $20.75 million package for preliminary design work on the terminals’ renovation. URS Corp will handle the design.
The entire project is expected to cost between $1.5 billion and $2 billion, with D/FW expecting to pay for the renovations through bond sales, available capital and other sources.
The project will include makeovers of passenger areas and the replacement of electrical, plumbing and heating and cooling systems, as well as telecommunications upgrades.
“While they have served us very well, our four original terminals are 35 years old now, and their internal systems need replacement,” said Jeff Fegan, CEO for the airport. “The renovation of these terminals is critical for the airport's long-term outlook, because this project will keep D/FW highly attractive to customers and cost-effective for airlines well into the 21st century.”
Construction is expected to begin as early as 2011 right after Super Bowl XLV, which will take place in Arlington. Terminal A will be completed in 2014, D/FW said, with the entire project slated for a 2017 end date.