The Dallas Fort Worth region is North Texas’ prime cultural and economic hub. The area is southern USA’s largest metropolitan area. In recent years, the metropolitan region has seen increasing investments in residential properties, 100’s realtors in Dallas, and there are good reasons why.

Warm Environment

Like several other destinations in southern USA, the Dallas Fort Worth region boasts of a warm climate. While you may like to stay in a cold area, it has to be said that snow can severely disrupt work. Dallas Fort Worth provides a warm environment all year round, which is inviting for a lot of people.

The climate also benefits real estate, as the dryer climate compared to the northern regions of the country make it easy for the maintenance of homes, with minimal wear and tear.

Economical Aspect

While the Dallas Fort Worth area has witnessed a steep increase in property prices over the last few years, the present scenario is a bit more comforting for prospective home buyers. With average home prices of $211,000, Dallas Fort Worth is still affordable from a real estate standpoint compared to other metropolitan areas in the country such as New York, Los Angeles, and San Francisco.

In terms of taxes too, Dallas Fort Worth is a better option compared to living in other states. While property tax rates are higher in Texas, residents of the state do not have to shell out local or state personal income taxes. Texas also ranks among the 12 states in the United States without residential real estate transfer taxes.

According to real estate analysts, mortgage rates are expected to rise. The Federal Open Market Committee has changed its stance on interest rates in recent times thanks to improvements in the job market. Mortgage rates are expected to raise both in the short and long terms, and this would surely create a great urgent demand for properties in the Dallas Fort Worth region in the near future. Home buyers are affected greatly when both mortgage rates and property prices are steadily increasing. For these critical financial reasons, it’s best to invest in a Dallas Fort Worth residential property today.

Growth of the Job Market

Dallas Fort Worth houses the state’s largest Information Technology base with Nokia, Ericsson, Verizon, Dell Enterprise Services, HP Enterprise Services and Texas Instruments among the most notable companies. Most of Texas’ farming and ranching industry is housed in Fort Worth. Prominent defense manufacturers such as Bell Helicopter Textron, Lockheed Martin, and Raytheon operate on a large scale in the region as well.

Texas’ recovery from recession has resulted in a fast increase of jobs in all its major metropolitan regions, including Dallas Fort Worth. The region is expected to see a yearly job growth percentage of roughly 3.5, and has seen plenty of growth in the recent past as well. Industries such as pharmaceuticals and technology are booming with opportunities. A lot of areas that were previously riddled with poverty and crime have been revitalized.

This has directly contributed to the ever-increasing property prices in Dallas Fort Worth and made things difficult for prospective home buyers in the present. However, it does not bode too badly for the future. Provided job market growth stays increasing, the value of properties would also go up and ensure great resale values. It’s no wonder people with money are looking at Dallas Fort Worth as a very profitable real estate investment destination. 

Residential real estate in Dallas Fort Worth has a promising future. It is no wonder that a lot of people are turning to the region for investment in residential properties. The Metroplex amenities and facilities make it an ideal place to live.