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DFW, when it comes to real estate, has been announced as a major destination to be noted in 2019
With low living costs, and expectations of an increase that almost doubles the rest of the cities on the list, the North Texas metropolitan area has been named number one real estate destination for 2019.
According to a study by Price Water House Coopers and the Urban Land Institute, out of 78 different cities surveyed, DFW, known as the metroplex, was chosen first in terms of investment viability.
Mitch Rochelle, a partner at PwC, explains that the information in the study indicates the resilience of real estate in Texas in general, and of DFW in particular. "If there is a correction that comes after a decade of incessant increases, it will not come from the real estate market."
"Today there is more regulatory responsibility for the real estate market than any other period in modern history, we have not yet reached the potential in the real estate market, and we hope that the forces in the real estate market in the region will maintain the conservative nature of the industry over the past decade."Rochelle says he sees conservative behavior in the Dallas Fort Worth real estate market keeping the market from 'overflowing', despite growing pressure for growth and price growth.
Here are 8 reasons why Dallas Fort Worth is the No. 1 destination for real estate investing in the coming years:
1) costs cheap living relative to the United States.
2) Ease of doing business.
3) cheap and effective taxation.
4) is expected to increase population, which is 2 times the national average.
5), an increase in 0-24 population, a generation that favors rent compared to previous generations.
6) Difficulty finding cheap homes to rent.
7) A stable and diverse workforce.
8) a lot of growth engines and industries growing.In conclusion,
No on DFW
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