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Article: Dallas, Fort Worth, Texas, Real-Estate Slowdown to Reduce Job Growth.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- November 14, 1999
- Author:
CopyrightCOPYRIGHT 1999 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Knight Ridder/Tribune Business News
Nov. 13 -- The winding down of Dallas-Fort Worth's booming real estate market forecast for 2000 tracks well with expectations of lower job growth in the area.
Developers are cutting back on starts for most commercial and residential construction projects, so predictions of a sharp decline in the area's employment growth next year aren't sending builders into a panic.
"We are on a lot sounder footing than in previous real estate cycles," said Ron Witten, president of property market analyst M/PF Research Inc. "We are in the middle of the longest real estate up-cycle Dallas has had in any of our careers.
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