Real estate experts say Dallas-Fort Worth tops the list of U.S. cities that will be good for their business in 2019. The annual Emerging Trends in Real Estate* report polls industry leaders on their outlook for U.S. cities, and it seems that Dallas-Fort Worth is doing many things right.
DFW is the top home and apartment building center in the country and a leader in commercial real estate. Job growth and population gains have boosted overall growth with new construction ranking second only to New York City.
Along with DFW, the cities investors like most for next year include Raleigh-Durham, N.C.; Orlando, FLA.; Nashville, TN; and Charlotte, N.C.
More than 2,300 property owners, lenders, brokers, investors, builders and other property professionals were polled for their outlook on the U.S. real estate market.
While forecasts look rewarding for DFW, there are some concerns that investors point out should be considered as we move forward.
Top Concerns for 2019
- Rising interest rates – the highest in more than five years.
- Higher property insurance costs – climate change and major/fires are raising policy premiums.
- Immigration restrictions – could cause negative economic effect and long-term weakening of national growth potential leading to more labor shortages.
- The long real estate cycle – a future downturn due to decline in real estate transaction volume.
Yet, even faced with possible challenges, most of the individuals polled in the survey agreed that 2019 will be an exciting, growth-inspired year for real estate investing in Dallas-Fort Worth.
Cousin James Management is looking forward to another busy year of helping property owners manage investments and take the stress out of time and issue demands. We’re here to help.