Photos and video / Briggs Freeman Sotheby’s International Realty
Everywhere you turn, it seems people are talking about North Texas. Recently I’ve read reports appearing in publications from The Wall Street Journal to local business presses, all predicting continued economic growth through 2015 and beyond.
The strong economy in North Texas is bringing business to our area, and with that comes opportunity. Major corporations such as Toyota are moving here and bringing thousands of new people to our area. A recent discussion at a Dallas Regional Chamber meeting focused on how Toyota’s move was inspiring other corporations seeking relocation options to seriously consider the opportunities available in North Texas.
Expansion at DFW Airport and Love Field are making it easier to conduct business and attract visitors throughout the Southwest and beyond. Arts, sports and entertainment venues are being built, schools are under construction, and reports tell us that Dallas is on track to be the second-busiest homebuilding market in the U.S. in 2015.
In 2014, home prices in the area were up 7 percent, partly because of the increase in demand for the $1 million and above market. Buyers who have been sitting on the sidelines have recognized that the market is right for investing in real estate. This renewed interest is putting upward pressure on prices. However, the overall pace of sales has slowed because of inventory levels that are the lowest in decades.
Despite the slowdown, homes listed for sale in our area are not staying on the market for long. In some neighborhoods homes are selling after just 30-40 days on market.
Wherever you look, it’s a great time to live, work and play in DFW.
There’s so much to look forward to in 2015. We wish you great tidings in the New Year.
Robbie Briggs, President and CEO
Click here to see the latest in real estate news. President and CEO Robbie Briggs independently owns and operates Briggs Freeman Sotheby’s International Realty with seven offices in Dallas, Fort Worth, Uptown, Lakewood, Ranch and Land, The Ballpark and Southlake.