DFW Named Top Real-Estate Market to Watch in 2019
It, simply, cannot be argued that the Dallas-Fort Worth area is not just a 'hot' market when it comes to real-estate in the entire country – it's downright sizzling. What if you were told Dallas is THE best city in the US for real-estate, and that the DFW area has been named the top real-estate market to watch in 2019?That's a revelation that would need to be backed up by facts – and, it is.
Let's delve into a few very interesting insights that substantiate these claims about Dallas and the DFW area being ranked as #1 within the ever-changing landscape of US real-estate.
PwC and Urban Land Development Release Their Findings
On October 10, 2018, PwC (Pricewaterhouse Coopers) and the Urban Land Institute released their 2019 Emerging Trendsin Real Estate – their 40th annual, published report – stating that DFW achieved the #1 ranking for US real-estate. Part of the credit for that propulsion is due to Dallas' young, vibrant work force along with potent business start-up activity which contributes to the Big D as being the top investment destination.
As PwC real-estate leader, Byron Carlock, Jr. said:“I'm thrilled to see Dallas at the top of the list. It points to a lot of things that Dallas is doing right: leadership, investment in infrastructure, urbanism, and exurbanism.”Mitch Roschelle, also from PwC, adds to that: “What the Dallasarea has going for it is a diverse and stable employment base, thanks to the wide-spectrum of industries represented in the area.”
Dallas-Fort Worth added a whopping 146,000 new residents during 2017; and that beat, hands down, every other metro area in the country – impressive!The cost-of-living is relatively low in DFW; and population-growth projections make it the leader of the pack, by two times, compared to other major US cities – and those other US cities include 78 that were analyzed, aside from DFW.
Carlock tells us that not only is DFW the strongest US market for, both, job growth and population gains, but DFW is the top home and apartment building center in the country and is considered as high-demand for a myriad of commercial and real-estate endeavors.
The top-10 'contenders' for the coveted title of “Top Markets to Watch in 2019 Real Estate” include the following:
1. Dallas-Fort Worth
10. Tampa/St. Petersburg
What are Other Contributing Factors?
The rankings of 79 cities were meticulously compiled from thousands of interviews with real-estate experts, spanning a large swath of industries; and a variety of trends were taken into account by PwC and the Urban Land Institute.So, what is it that greatly contributes to these cities' outstanding rankings? It is a variety of crucial factors that make it all happen. Here are just a few: