The Dallas News posted an article last week about the lack of houses in the D/FW area. Why aren’t there enough houses? The answer is because dozens of corporations are moving their headquarters to North Texas. For example, Toyota is moving 250 employees a week!
Each year, D/FW will receive about 60,000 new residents. Toyota alone is bringing 4,000 of those numbers! This is why the housing market is on fire right now. Home prices have risen to unheard of levels, with such a shortage of homes as well…one of the worst in decades.
While some find the home prices completely over-priced, some residents from the West Coast think it is a bargain. New home builders are also happy with all the change. This has really helped their sales.
So what about the traffic? The ones that aren’t bothered by the extra traffic is again the West Coast transfers. One person said “it’s nothing like L.A. traffic.”
Realtors like me love working with Relocation clients! I love the challenge of that short window of time to find and close on a home. It’s hard work because you are educating them on the area and answering so many questions but it is rewarding in the end. If you, a friend, or a family ever needs help selling or buying a home, don’t hesitate to contact me!
Cynthia Lopez, TLG Real Estate Advisors | Ebby Halliday Realtors