Dallas' housing market gets top marks in a new consumer study by JPMorgan Chase. The banking giant teamed up with Pulsenomics to ask homeowners about current market conditions, their aspirations for homeownership and outlooks for home values and affordability. Dallas headed the housing confidence ranking ahead of Denver, Las Vegas and San Francisco, according to Chase. "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," Terry Loebs, founder of Pulsenomics, said in the report. "Seven in ten renters now express confidence in their ability to afford a home someday, and nearly three-quarters of those with an opinion say that buying a home is the best long-term investment a person can make." 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.
- Dallas Morning News, July 5, 2018