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North Texas Real Estate Is Booming! Great News

While our team of North Texas real estate agents focuses on helping clients who want to sell or buy a home, there has been some great news on the home front recently. According to Steve Brown, reporter for the Dallas Morning News, multi-family home construction, such as apartments, is sky-rocketing. In fact, we’re building these developments faster than all other states in the nation! Of course there is a downside to it all in the fact that rent has increased an average of 3% – more reason to buy a beautiful Flower Mound or Denton home, rather than paying out big bucks every month with nothing to show for the investment.

There is more great news for the Dallas-Ft. Worth metro area, as homebuilders in the area began construction on nearly 6,000 homes in the second quarter of this year. Even better, homes sold in the second quarter increased by 25% over the number of homes sold this same time last year. In fact, new home sales were the highest they have been since the beginning of the recession in 2008. Fabulous news!

David Brown of Metrostudy forecasted that on the high end of the scale, homebuilders will begin construction on about 22,000 homes this year. It’s easy to see that North Texas and the Dallas area are attracting new homeowners and apartment dwellers like flies to honey – but those of us who’ve been around for a while know there is no better place in the country to live and raise a family.

While we still have a way to go to climb back up to what was the peak of local building in 2006, this news is great, so we’ll definitely take it. But buyers beware – as this trend continues, home prices will only get higher! That’s why it’s a good time to buy now.

At Team Nelson, we’re the North Texas real estate agents who make a real effort to match homebuyers with their “perfect” home. Looking to sell your home? Buy a home through us, we will sell your home for free.

What People Are Saying

  • Bill and his team were of the highest cut of the profession working tirelessly to get the sale and make us comfortable about everything. They went extremely above and beyond the call making us feel very comfortable they had it. They are top notch

    Joe Kleinkort Avatar
    Joe Kleinkort
    12/11/2018

    The Nelson Team is awesome, I have done many transaction with them. They are Spot on with their assessment of a property, really knowing the market which is tricky!! They are very straight forward, many agent start with a high price and then come back the execuses on why they can’t sell your house. Bill and Casey are very good at really getting the value right the first time.

    Bill Godfrey Avatar
    Bill Godfrey
    12/11/2018

    What a Great Team!! Would use them again THANKS TEAM NELSONπŸ˜‰

    Todd Mcgee Avatar
    Todd Mcgee
    12/11/2018
  • Incredibly professional realtors that really care about their clients. They go to extreme measures to find the right house for their clients and are experts in the areas where they operate ensuring max value, whether you are buying, selling or both. Cannot recommend them enough!

    Scott Schaper Avatar
    Scott Schaper
    12/11/2018

    Bill and Andra are some of the most knowledgeable and honest realtor's you will ever meet. What a GREAT team!!! I will use them for all of my real estate needs.

    Bill Blackshear Avatar
    Bill Blackshear
    12/11/2018

    Kevin and Team were spot on with everything. There is not much I could say that needs improvement. We closed on our new home in 29 days and closed on the house we sold in 35 days.

    mpmpreb Avatar
    mpmpreb
    1/19/2017
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