Home prices in Texas are expected to rise 31 percent over the next three years, and Dallas is shaping to be the hottest market in the state.
HousingWire reports that prices have exploded in Dallas and will continue to expand. Builders may bring a building boom to the city, countering the high prices by constructing more starter homes at a lower price point.
“Between the economy and the state laws, it’s been very good for the housing market,” said Movement Mortgage Market Leader Dana Allen. “The Dallas market is just blowing up in general. The relocation and number of people moving from across the united states, either to join a company or even relocate their entire company, has just been phenomenal.”