The Dallas Morning News reported last week something all of us that buy and sell real estate already know. The DFW area continues to be one of the hottest areas for real estate. There are many factors that come into play including job growth, cost to build, desirable areas, but overall you can’t argue with the numbers – this market continues is hot! See below for the full article in the DMN last week and let 3G Properties help you manage your investment property.
The Dallas-Fort Worth area is forecast to be one of the top real estate markets in the country in 2015, according to a respected industry forecast.
D-FW was among three Texas metro areas that were at the top of an annual list of best property markets in the Emerging Trends in Real Estate report released Wednesday by the Urban Land Institute and PriceWaterhouseCoopers.
Houston, Austin, San Francisco, Denver and D-FW were singled out for their strong real estate fundamentals, according to a poll of more than 1,000 property market leaders. The cities are identified as the best places to build and invest in real estate in the coming year. It was the second year in a row that D-FW placed fifth. In 2012, D-FW was ninth.
While Houston’s energy boom propelled it to the top of the ranking, D-FW was highlighted in the report.
“Interviewees raise the possibility that despite being ranked lower than Houston, the economic diversity could make the current growth rate more sustainable in Dallas-Fort Worth,” the report says. “The market continues to be attractive to real estate investors because of its strong job growth, which benefits from the low cost of living and doing business.
“Investor demand remains high, and there are no concerns about the availability of capital for 2015.”
This year D-FW is one of the busiest locations in the country for office, apartment and industrial development. The forecast also highlighted the area’s strong homebuilding market.
North Texas is seeing its biggest real estate boom in almost 30 years. Many other major U.S. cities area also enjoying a property market boom.
The ULI forecast predicts continued increases in the real estate business in the coming year.
“Unlike previous reports and previous cycles, we are seeing sustained growth,” said PriceWaterhouseCoopers’ Mitch Roschelle.
For the full story - http://www.dallasnews.com/business/residential-real-estate/20141022-d-fw-forecast-as-one-of-the-countrys-top-real-estate-markets-for-2015.ece
