For us residents in the Dallas metropolitan area, we have experienced the massive expansion and growth of our cities. Relocation of multi-national companies, our highways have expanded from 2 lanes to up to 3 and 4 lanes and heavy traffic still is predominant during rush hour. High rise living was rarely seen and now we see it as one after the other rise throughout the sky on our suburbs. Modernization has hit our area, shopping malls shying away from blocks of enclosed retail space to the new concept of modernized outdoor flowing shopping town centers. The real estate market is hot in the area, the housing inventory average is 30-45 days, in some areas we are seeing multiple offers and houses under contract over the weekend.
"Brace yourselves, North Texans. The 30-county swath known as North Texas is on track to absorb close to 3 million people — more than the population of the modern-day Tampa-St. Petersburg, FL, metro area — over the next 15 years.A study by LawnStarter indicates that North Texas — whose major cities include Dallas, Fort Worth, Arlington, Plano and Denton — is expected to add 2,923,219 residents from 2015 to 2030. As of 2014, the population of the Tampa-St. Petersburg area was 2,793,814. Our data analysis is based on population projections from the Texas state demographer.If the state demographer’s crystal ball is right, the population of North Texas would climb from an estimated 7,669,168 in 2015 to a projected 10,592,387 in 2030. That would represent a 15-year increase of 38.1 percent. To put the 2030 figure in perspective, the Chicago, IL, metro area is home to almost 9.5 million people."
We have seen a significant increase in home prices and should see the continuation of this throughout the upcoming decades, thus making the North Texas real estate market highly attractive. At this pace, what can we expect by 2040-2050? Dallas metropolitan area could become the perfection of a friendly, modern city the size of NYC. What is attracting and fueling the growth? Let's start with the addition of job opportunities attracting migrants and with over 50% of the workforce being educated and holding at least a bachelor's degree, top notch schools, the weather also plays a big factor ; all four seasons are observed except for the frigid temperatures experienced north of the area, also, with a conglomerate of our cities making the list as some of the safest cities to live in America. The modernization and well organized infrastructure of our cities along with the growing economic activity are contributing factors to the area's expansion.
Life in the BIG D is like living in paraDise!
Author:Michele Thompson Phone: 817-719-7729 Dated: February 15th 2016 Views: 3,074 About Michele: Michele had an early introduction to real estate when she went house hunting all over Ft. Worth with...
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JP And Associates REALTORS (JPAR) is one of the top 100 independently owned brokerages in the US. A full service real estate brokerage firm specializing in real estate sales and marketing services with multiple offices across the US and expanding quickly. JPAR is also one of Real Trends top 500 Brokerages in the US for volume and sales and in the top 1% in the US for sales.
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