Dallas Real Estate Market
Rarely do you see both home prices and rents grow in the same market where, as we reported earlier this week, net migration is in the red. And yet that’s what Local Market Monitor is projecting for Dallas-Irving-Plano area over the next 12 months.
That’s partially due to unemployment rates dropping and a strong financial and service job market in the Dallas area. Local Market Monitor projections show 9 percent growth in housing prices over the next 12 months and 12 percent growth over the next three years. And demand for housing, both buying and renting, will grow thanks to overall population growth that is outpacing the national average.
Interesting times for the Dallas real estate market as several neighborhoods are seeing homes sell fast for thousands more than they would have just 18 months ago. But with the Federal Reserve toying with interest rate changes, will next month’s forecast be far less optimistic than the June breakdown from Local Market Monitor? “Low Risk”…
We’re in the money, folks. If you have friends, clients, and friends who are clients who were waiting for the right time to buy or upgrade in the Dallas/Plano/Irving area, Local Market Monitor is giving you the green light! Last month’s report showed that we had low risk in some sectors, but it was nothing…
We’re in the money, folks. If you have friends, clients, and friends who are clients who were waiting for the right time to buy or upgrade in the Dallas/Plano/Irving area, Local Market Monitor is giving you the green light! Last month’s report showed that we had low risk in some sectors, but it was nothing…
When George and Laura Bush bought their home on Daria Drive five years ago, we debated over and over what their presence would do to the Dallas real estate market. Some said values on Daria Drive would plummet. Some said people would move out, fearing security issues. Others said the street and entire Preston Hollow…
