The Dallas-Fort Worth area is working its way up the food chain, home owners here are already aware of how wonderful a place this is to settle down and own a home.
Dallas, TX (PRWEB) November 04, 2014
The accolades just keep piling up for the Dallas-Fort Worth region. Prudential Texas Properties reports the metroplex has been forecasted to be one of the top real estate markets in 2015, which comes as no surprise to area home owners who have watched this region gain momentum with its top-rated local economies and potential for growth and expansion.
According to an October 22 report in The Dallas Morning News, the Urban Land Institute and PriceWaterhouseCoopers ranked the Dallas-Fort Worth metropolitan area fifth in its latest “Emerging Trends in Real Estate” report. The report, which was released October 22 as well, ranks cities throughout the nation based on their real estate fundamentals, which is information garnered from a poll of more than 1,000 property market leaders.
For the second year in a row, Dallas-Fort Worth was considered the fifth best area to build and invest in real estate in the coming year. It previously moved up in ranking from its No. 9 spot in 2012. The metroplex trailed just Houston, Austin, San Francisco and Denver, all of which were highlighted for their strong real estate fundamentals, however Dallas-Fort Worth was singled out for its strong economic diversity.
“With such a strong, varied economy, growth is inevitable,” says DD Flynn, VP of Marketing at Prudential Texas Properties. “The Dallas-Fort Worth area is working its way up the food chain, and home owners here are already aware of how wonderful a place this is to settle down and own a home.”
This year marked one of the biggest years in North Texas for development of office, apartment and industrial space. Going into 2015, these developments have forecasted a strong homebuilding market to come.
Click here for a 60-second Fort Worth home market update.
©2014 BRER Affiliates LLC. An independently owned and operated broker member of BRER Affiliates, LLC. Prudential, the Prudential logo and the Rock symbol are registered service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide. Used under license with no other affiliation with Prudential. Prudential Texas Properties is an independently owned and operated member of BRER Affiliates LLC. Equal Housing Opportunity.