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Posts Tagged ‘Real Estate’

The Booming Apartment Market

Wednesday, March 16th, 2011

If you own apartment real estate in Dallas, then this is a great time for you. According to statistics, rental units are in incredibly high demand right now. In fact, research shows that the market looks better than it has in nearly a decade. The last time units were this full was 2000. This good news can’t come soon enough after the impressive hits to the real estate market caused by the recession in recent years. North Texas rentals showed a net decline for both 2008 and 2009, after all. Now, suddenly, they’ve recovered and even risen.

Experts say that the foreclosure market is in large part responsible for this newly active rental market. People who were buying homes are no longer doing so and those who lost their homes to foreclosure are not in a position to buy new ones either. This leaves most people with the option of apartment rentals. These renters as a group represent an additional net demand for Dallas apartments. At last count, the market showed a ninety one percent total occupancy and even in the last quarter of 2010, an additional 470 Dallas apartments were rented to new tenants.

The Consequences of the Boom in the apartment market has had an important effect on the Dallas area. To begin with, it has revitalized interest in the sale and construction of apartment real estate. In the last year 10, 753 new apartment units were built. Insiders say that we can expect that number to rise in 2011. Of course this boom in rentals will also have an effect on potential renters themselves. You can see it already in statistics that show turnover rates are at historic lows. People do not want to give up their apartments without good reason. As the demand rises, so too will the difficulty involved in finding an appropriate unit.

Moving to Dallas Texas

Thursday, December 9th, 2010

Moving to Dallas Texas is an exciting opportunity to live in one of the greatest cities in the country. With a population of 1.2 million people, Dallas is ranked the ninth largest city in the US and the number one visitor and leisure destination in the state of Texas. Your decision to relocate to Dallas, Texas couldn’t come at a better time. Despite the overall state of the US economy, Dallas is experiencing a healthy and robust economy and moving to Dallas is a great way to escape the depressed local economies that many cities are experiencing.

Dallas is centrally located in the heart of the country providing easy access to both the east and west coast. By moving to Dallas Texas, you will always be within a 3.5 hour flight to anywhere within the 48 states. You also get the benefit of having not only one of the largest international airports in the world, but you also have the home base and central hub for the airline that consistently offers the lowest fairs and the highest level of customer service. Dallas also has a wide plethora of available business industries to find a job. Whether you are looking for something in tech, healthcare, financial, or entertainment, the Dallas job market has something to offer everyone. Most importantly, the people in Dallas are welcoming and friendly, which will certainly make your move to Dallas easier and more enjoyable.