There is a reason Dallas is headlining recent reports on the U.S. real estate market. The Texas city, after all, has been performing extremely well in the first three months of 2017. And Realtor.com has ranked the Dallas-Fort Worth-Arlington metroplex fourth in its March market hotness index, further cementing the “very hot” status of the city.
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| Image source: helpfulinvesting.com |
But as industry observers note, it is not all surprising to see Dallas emerge as one of the hottest performing real estate markets this year. Although the city was not included in most outlook reports on must-watch housing markets for 2017, Dallas has been creating a buzz since August last year with its “relatively quick sales and strong demand.” In fact, a 2016 National Association of Realtor study revealed that Dallas ranked second in the top 10 list of metro cities where there’s the biggest need for single-family housing.
The shortage of inventory homes in the city is just one of the signs that the Dallas housing market is on the upswing. And market forecasters anticipate that with the increasing demand for homes in Dallas, housing prices will also rise for the rest of the year.
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| Image source: realtorstexas.com |
Although Dallas has always been a lucrative real estate market, the 2008 financial crisis hit the property market hard. And it took years before the Big D finally recovered. These days though, there’s no doubt that Dallas, for the next two to three years, will only offer golden opportunities to property developers, real estate investors, and home buyers and sellers.
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