SLP 1 Question 1) Investigate the economic conditions in your community and identify if you believe this to be a good time to invest in real estate in the Dallas area. State your position. Is this a good or bad time to invest? Support your position with facts and reference where you found this information. Use the links below and any others you deem appropriate to research your response to this question.
http://www.census.gov/
http://recenter.tamu.edu/
Nine Reasons to Invest in Texas
SLP 1 Question 2) Identify an area you believe to a sound area in the Dallas MetroPlex for real estate investment. (Don’t just say “Dallas” or “Dallas Area” – try to be more specific – identify a particular area of town.) Explain why you chose this area.
http://recenter.tamu.edu/
SLP 1 Question 3) Discuss your selection in (2) based on price ranges of homes in the general geographic area. Give specific values on the ranges and tell me where you found the data to support the range you cite. Use the link below to help you research your response to this question. Please do NOT use Zillow or Trulia as sources for answering this question or any other in these SLP’s. They are not reliable sources.
http://www.realtor.com/
http://www.dallascad.org/
SLP 1 Question 4) Discuss your selection in (2) based on affordability of homes in the general geographic area. Affordability refers to the cost of the home relative to the earnings of the local populous. You may want to reference the Texas Real Estate Research Center Housing Affordability Index.
http://recenter.tamu.edu/
Housing Affordability Index (http://recenter.tamu.edu/data/hs/afford.asp) – Be sure and explain what the Index means and what an increase or decrease indicates.
Talk about rental values in the selected area relative to the prices of the homes. Tell me what homes rent for. Tell me where you found the information about rental values.
http://www.dallasnews.com/classifieds/homecenter/index-renting.html
SLP 1 Question 5) Discuss your selection in (2) based on anticipated future appreciation in value and/or rents. What has been the recent appreciation in the value of homes? Where did you find the information to support this estimate of future appreciation?
http://recenter.tamu.edu/
http://recenter.tamu.edu/data/hs/trends4.html
Housing’s New Reality (http://recenter.tamu.edu/pdf/1966.pdf)
SLP 1 Question 6) Discuss your selection in (2) based on geographic proximity to your home or place of business. How close is your home or place of business to the area you selected in (2)?
http://maps.yahoo.com/dd/
http://maps.google.com/
