It Is The Right Time to Buy A Home In DFW?
/Don't wait, If you are in Dallas - Fort Worth (DFW) metro area. Dallas - Fort Worth (DFW) metro area is growing at an uneven pace. If you're planning to buy a home, do it now before prices go higher. Forbes forecasted that prices to rise at 10 percent a year in Dallas!
According to U.S. Census Bureau data, Texas added 432,957 new residents, Over the last year. That amounts to about 1,183 new Texans each day and the biggest population jump of any state in the country. Florida was next, adding 367,525 residents from July 2015 to July 2016, followed by California, which added 256,077 people (DallasNews.com).
Why Texas adds almost 1,200 residents per day! These are the main reasons:
1. Domestic Migration.
Texas, Dallas-Fort Worth has attracted a lot of new residents from other states who are coming for various reasons such as job opportunities, affordable homes, and affordable colleges for students.
2. Immigrants
Texas is a major destination for immigrants and Texas’ economy has been a draw for investment from around the world.
3. Job Opportunities
Texas has continued to add jobs and its economy has continued to boom. Those jobs have drawn relocating workers by the thousands - particularly from states, like California, with high costs of living.
4. Costs of Living.
Housing is the biggest factor in the cost of living. Affordable homes in Texas is the advantage for all families.
Looking to buy or rent a place to live in the Dallas-Fort Worth (DFW) Metro Area? If you have any questions, please let us know.
Wish you a wonderful year ahead!
Jila Seraj
Sources:
