Dallas housing market poised to be among top 10 in U.S. for next 3-5 years, report says
December 19, 2019 4:11 pm
By John Egan
For the next several years, Dallas-Fort Worth should truly be “Home, sweet home” for homeowners.
On December 11, the National Association of Realtors released a report identifying DFW as one of the 10 U.S. home markets expected to outperform over the next three to five years. No other Texas metro areas showed up in the top 10.
The National Association of Realtors picked DFW and the nine other metro areas based on factors such as population growth, job growth, appreciation of home prices, and housing affordability.
“With a median area income of more than $57,000, Dallas is attracting young, millennial couples looking to settle down and start a family,” the Inman real estate website notes.
The Realtors association found, for instance, that 51 percent of the recent movers among current and new DFW renters could afford to buy the typical home in North Texas (with a 20 percent down payment). The MetroTex Association of Realtors reported the median price in October of a single-family home in DFW stood at $261,000, up 4 percent versus the same time a year earlier.
By comparison, the median home price in the Austin metro area was $327,500, up 7.4 percent over a one-year span, according to the Austin Board of Realtors. Read More
This post was written by JMJ Development