More Folks Are Moving to DFW And Snapping Up Homes: Local Market Monitor Report Projects Growth Through 2015
Dallas, be grateful! We are rebounding! Things are looking up!
That is, according to the Jan. 31 Local Market Monitor report for the Dallas-Plano-Irving market. For me, this just re-affirms what Realtors and sellers are telling us: Well-staged homes that are priced right are flying off the market in record time. And we’re head-and-shoulders above the national market, too!
Home values for Dallas- Plano- Irving are forecast to increase by 2 percent over the next 12 months. Nationally, prices are forecast to increase by 1.2 percent. In the second and third year, prices are forecast to increase 5% and 7%, respectively.
To what do we owe this success? Well, it’s a mixed bag, but a lot of it has to do with job growth and economic recovery. There has been a 2.5 percent increase in overall job growth, with sectors such as finance experiencing a renaissance of sorts.
According to economist Mark Dotzour at the Real Estate Center at Texas A&M University, corporations are moving to more business-friendly climates and taking their jobs with them:
Let’s face it. Employers come to Texas and other southern locations because they feel that they can make a higher profit. Taxes are a major consideration. So is the cost of labor. Clearly businesses are moving away from areas with a high concentration of unionized labor.
Does this ring true for you? What do you think is the reason for our uptick in sales and existing home prices?
Heard this during the Superbowl at a Superbowl party. My concern: when they all move here, will they turn us into what they left?
That's a good question! I wonder what our demographics will look like in 2020 …
Heard this during the Superbowl at a Superbowl party. My concern: when they all move here, will they turn us into what they left?
That's a good question! I wonder what our demographics will look like in 2020 …
Meanwhile, Let's all enjoy the opportunities and teach them good ole' Texas hospitality and manners 🙂
Meanwhile, Let's all enjoy the opportunities and teach them good ole' Texas hospitality and manners 🙂