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.
Read MoreKind of like a bride, something old and something new. A panel of real estate heavy hitters, from tip-top Dallas area agents (Mike Brodie, Jennifer Miller, Jan Richey) to Briggs-Freeman Sotheby’s chieftain Robbie Briggs took part in a luxury real estate marketing panel discussion today led by Laurie Moore-Moore, of the Institute for Luxury Home…
Read MoreKind of like a bride, something old and something new. A panel of real estate heavy hitters, from tip-top Dallas area agents (Mike Brodie, Jennifer Miller, Jan Richey) to Briggs-Freeman Sotheby’s chieftain Robbie Briggs took part in a luxury real estate marketing panel discussion today led by Laurie Moore-Moore, of the Institute for Luxury Home…
Read MoreHighland Park is hot. Don’t you love how the rest of the world is suddenly paying attention to Dallas? Our economy is great, and our real estate market could not be better. We may have some quirky politicos, and some of us OD on the decorating with the three T’s: turrets, trophies and tusks. But…
Read MoreThe Local Market Monitor Report for the Dallas, Plano, and Irving areas calls the real estate market “Low Risk.” This is echoing what we’ve heard since November — prices are up, homes are on the market for a 30 to 60 days, inventory is low. The report forecasts a 3 percent increase in home values…
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