Dallas-Fort Worth has been ranked as the #1 city for real estate in 2016, according to a recent study by PricewaterhouseCoopers and the Urban Land Institute. DFW’s market growth and its unparalleled investment, development, and homebuilding prospects have made it one to watch for commercial real estate investors.
There are always cycles in real estate, but the Dallas-Fort Worth market has continued to grow while other cities experience a downturn in investment and development, and it doesn’t look like that will change anytime soon. According to one lending officer in the report, “the next 24 months look doggone good for real estate” in the area.
The booming job market in Dallas is one of the reasons why the DFW real estate market has continued to soar ahead of the market in other cities, as reported by the Dallas Business Journal:
In Dallas, job growth is fueling the real estate market and investor’s outlook on the region and economy. According to the survey, respondents were positive on all property types in Dallas-Fort Worth as it pertains to investment and development potential.
Even though there are concerns about overbuilding, the sentiment is that new construction is still justified. The outlook for single-family home construction remains very strong and Dallas-Fort Worth is one of the best in the southern region.
Read the rest of the article on Dallas Business Journal.