Poll Finds Dallas Housing Market Strong

Housing confidence in Dallas is at the top of a new ranking from JPMorgan Chase. Homeowners expect prices in the area to rise, and most renters are confident they will be able to afford a home someday.

Terry Loebs, founder of Pulsenomics, said in the report, "These record results were driven by healthy assessments of local real estate market conditions among existing homeowners, but even more so by surging expectations among renters," adding, "Nearly three-quarters of those with an opinion say that buying a home is the best long-term investment a person can make," The Dallas Morning News reports.

Dallas headed the housing confidence ranking ahead of Denver, Las Vegas and San Francisco, according to Chase. Dallas-area residents polled by Chase in the survey had the strongest homeownership aspirations. Eighty percent of Dallas renters Chase surveyed said they are confident they will eventually own a home. And 70 percent said they plan to purchase in the next five years. More than 60 percent of Dallas-area homeowners Chase quizzed said it is a good time to sell.

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