from PriceWaterhouseCoopers and the Urban Land InstituteThe survey compiled data from more than 2,000 industry experts and their insights were used to provide an outlook on real estate investment, development trends and other real estate issues across the country.D-FW earned its number one ranking thanks to its “enviable” post-pandemic recovery, its size and its continued demographic growth, according to the report.has grown 11.
These home prices are about four to five times higher than the median household income in North Texas. The region is “not quite affordable in absolute terms, but less unaffordable than most other major housing markets,” according to the report.The region’s affordability, growth and economic diversity should continue to attract new residents and businesses. However, the report warns that heat stress and fire may challenge the metro in the coming years.
“Dallas continues to attract new businesses and residents who are capitalizing on our attractive economic climate, availability of new, highly skilled talent, and first-class developments. We are proud to be recognized as the top market and know that our momentum will support Urban Land Institute’s work to elevate solutions around housing affordability and workforce development created by our evolving landscape.” Tamela Thornton, executive director of ULI Dallas-Fort Worth, said in a statement.
Nationally, the forecast for 2025 is more confident than last year, but industry leaders remain cautious. Experts say the nation is on the cusp of the next upturn in the real estate cycle. The consensus is that commercial real estate market recovery will be slow and gradual.
Drew Steffen has stepped into a new role at a firm that has its hand in three other properties including at Knox Street, in North Carolina and Kansas City.Nick is a real estate reporter for the Dallas Morning News. He previously worked as a digital investigative reporter at 11Alive, Atlanta's NBC affiliate. He's produced award-winning state politics coverage and feature reporting at Georgia newspapers. Nick is a graduate of Mercer University in Macon, Georgia.