Local Market Monitor
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.
Read MoreDallas is on its way to becoming a residential real estate boomtown, thanks to our growing job market and influx of corporate employers. Interestingly, both CoreLogic and Local Market Monitor show very positive, low-risk projections for our real estate market based on previous months’ performance. According to the CoreLogic report, Dallas-area home prices are up…
Read MoreWe’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…
Read MoreWe’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…
Read MoreSo, we have good news and bad news. Which do you want first?
Well, the good news is that, after a relatively mild recession, the Dallas-area residential real estate market is poised for an uptick, propelled by job growth, a vigorous banking sector, and more people with a few bucks to spare, according to a report from LocalMarketMonitor.com.
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