Even with the increase in foreclosures and recession threats, Dallas remains as one of the safest real estate investments for your future compared to Miami, Las Vegas, Orange County or Phoenix that have experienced major declines in the real estate market. http://www.msnbc.msn.com/id/23500987/(Click Here for Article on Real Estate Depreciation)
Dallas is considered one of the most diverse economic major cities in the U.S., including its continued low cost of living, diverse climate, flat land, job opportunities, family oriented, business oriented, and busines development growth, almost everyone is migrating or desiring to relocate to Dallas. The United States Census recently reported that Dallas is a great place to raise a family, retire, relocate a company. The US Census reported that Dallas-Fort Worth was the most popular major city for relocation and population growth in America! Something we Texans already know!
Real estate investments in Dallas have edged up roughly 3% in the first three months of 2008. http://www.dallasnews.com/sharedcontent/dws/bus/stories/040408dnbusdfwlistprices.29f82aed.html (Click Here for Article on Dallas-Fort Worth Home Price Appreciation)
Sine the sub-prime mortgage explosion, first time homeowners are finding it difficult to to secure financing for a new home forcing them to their only option which is renting. And since the population of DFW is growing, renting is becoming more of a reality right now and rental rates are increasing with limited vacancy which is great for investors.
Investing in the Dallas-Fort Worth real estate market looks goof for now and the future. With a decrease in rental property vacancies, increase in rents, and steady appreciation looks to provide an annual return on investment in the 15-20% range.
There is no doubt that we can say that real estate investment in Dallas is one of the safest and economical investments currently in our country.
linda luna
luna@greatdfw.com
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