The Dallas-Fort Worth region is looking forward to continued, healthy growth in the real estate market in 2016, according to a range of reports by real estate experts nationwide.
“Our growth following the downturn has been slow, steady and sustainable,” said Robbie Briggs, President and CEO of Briggs Freeman Sotheby’s International Realty. “Thanks to the dedication and expertise of our region’s leaders, economic development in all sectors has supported a vibrant real estate market.
It didn’t take long for Shannon Driscoll and Booker T. Washington alum Kayli House Cusick to decide to start a business together. The two met at a weekend pop-up studio in Oak Cliff and each realized that the other had her missing piece. Driscoll had been running adult art classes from her studio, and Cusick had written a stack of curriculum for kids’ art classes that she was ready to use. The two joined forces, and in 2010 opened what is now the bustling studio and shop Oil and Cotton in Oak Cliff.
Foreign investors love the U.S. residential housing marketing, according to a recent report by CNN Money.
Purchasers from Canada, Mexico, India and the U.K. are leading the pack right now, and they’re bullish on the country’s growth indicators, according to the report.
Says CNN Money:
“The U.S. has been named the hottest market for global residential property in a survey of 14 countries by real estate advisors Savills. The researchers analyzed economic and demographic trends to forecast how much prices in popular cities will rise over the next five years.
“And the essential ingredients for solid returns? A combination of population growth, rising wealth and limited housing supply.”
Even more close to home, a survey by PriceWaterhouseCoopers and the Urban Land Institute found that Dallas-Fort Worth is the top market to watch for overall real estate prospects. That means investment, development and homebuilding are booming, according to the Emerging Trends in Real Estate 2016 report.