Why Choose Arlington ?

Arlington is the 7^th largest city in Texas and 50^th largest city in United States. The city has recently become the home of the Dallas Cowboys Stadium which has increased the popularity of this area . Consequently an increase in demand is expected. But question arises will the falling trend in the real estate market survive the bubble and consumers will be again comfortable with home buying in the Tarrant County. Are there any increase in house sales and consequently any increase in house prices?

Surveys of the properties sold in 2008 and 2009 shows a lot of properties allow the owners to retain mineral rights. There can be also a possibility the home-owner just purchased the property to get access to the mineral rights and not interested in living in Arlington. If the house is leased out and the owner lives somewhere else then we can say mineral rights is the only driving factor for increase in sales.

As we know other than the type of location house prices depend on a lot of attributes. The year of construction is often looked upon by home buyers. I include a dummy variable in my work. A assign a dummy variable of 1 if the house is constructed before 1970 and 0, otherwise.

The Arlington Area 83-1 is used in my study and my purpose is to look into the factors affecting house prices and come up with suggestions which can help sellers to re-model their properties to suit the demand of buyers.