Texas Real Estate in 2018:
Texas is performing well in real estate, and the outlook for 2018 is a favorable one. “Thanks to a booming economy, Dallas and many other areas across the state have seen a boom in housing over the past several years,” writes Josh Smith of USAToday. “A steady flow of profitable companies continue to relocate, expand, or launch their businesses here, thanks to lower taxes and a lower cost of living.” Texas’s home sales are expected to grow by 6% in 2018. With population growth projections twice that of other US cities combined with a relatively low cost of living, Dallas-Fort Worth has been named the top real estate market to watch in 2019. The Emerging Trends in Real Estate for 2019 report from PricewaterhouseCoopers and the Urban Land Institute ranked the area the top overall real estate market for 2019 out of 78 other cities. Also making it into the top 20 for overall real estate prospects in the annual forecast report, are Austin and San Antonia. This determination was based on information which is compiled from thousands of interviews with real estate experts across a spectrum of industries. WalletHub performed a study on the best-performing small-to mid-size real estate markets out of 300 cities across the country, and five of the top 10 cities on the list were not only in Texas, but in North Dallas. Frisco, located in North Dallas, was the top small-to-mid-size market in the entire country, followed by Allen, McKinney, Richardson, and Carrollton, all of which are located in North Dallas. The market is still looking promising for this area and those looking to invest in commercial or residential property in Dallas this year.