Dallas investment properties are without question one of the best markets for those looking for a mix of cash flow, growth and quality of investment. While the US averaged an over inflated 53% increase in home values during the past 5 years, Dallas home prices have maintained a modest 17% increase and as a result did not suffer the bubble the rest of the country suffered.
This has positioned them nicely in the eyes of the businesses that are coming to Texas as it shows stability to the market place. Consequently this also shows stability to the investor.
Dallas-Fort Worth (DFW) is one of the spikes in the global economy, claiming the 12th largest metro economy in the world. DFW posts a gross metro product exceeding $300 billion, supported by a local workforce of three million and more than six million residents (2009). source: dallas-ecodev.org
The south as a whole continues to be strong and continues to bring in businesses and a growing population. In fact, the U.S. Census Bureau reports that eight of the top ten growing metropolitan areas are in the southern states. Texas is suggested to grow by over 14 million people over the next 25 years. This growth means there will be a pent up demand for additional housing units.
The Dallas area is home to 24 Fortune 500 companies including Exxon Mobil, JC Penney, Burlington Northern Santa Fe, Texas Instruments, RadioShack and others. The Dallas area is also home to seven of the world’s most admired companies.
What Dallas investment properties offer:
- Continues to outperform the rest of the country on the most pertinent economic indicators showing great stability
- Runs a very strong job market which supports stable house prices and strong housing demand.
- Leads the nation as one of the top ten markets for job growth
- Offers rising employment opportunities with attractive lifestyle
- Maintains some of the most affordable housing in the U.S.
- Also maintains a low cost of living and a low cost of doing business
- Continues to be a draw for businesses which creates new jobs and brings in people who eventually become homebuyers and property renters
- Dallas maintains user friendly zoning regulations and has an abundance of land which affords ease to builders to keep up with the housing demand
- The world’s third busiest airport, offering nearly 1,750 flights per day
Investor’s will want to pay close attention to Texas and of course Dallas as it is at the leading edge of growth. By virtue of area’s robust job growth, its abundant land resources, as well as its central location, Dallas has managed to avoid those major housing problems that have affected so many other U.S. markets. Dallas is positioned to carry on its strong economic growth as well as its housing market growth for a number of years to come.