Dallas, Texas is a pretty attractive real estate market. Like Austin and Houston, it has steady job and population growth although residential home prices have decreased about 1.4% since last year.
When I was on Austin Business District's radio hour, I noted that residential investors, home buyers and real estate agents should pay close attention to the commercial real estate markets. Commercial firms have the financial resources to know where to expand.
Houston will always be a commercial real estate haven, as will Dallas. Although Austin has seen a drop in the residential foreclosure rate, Dallas has increased. Still, now seems to be a good time to buy and upgrade small "B" and "C" grade apartment complexes. New construction projects are booming around the city, so smaller investors may have a good opportunity to enhance older buildings to reach a more affordable renter market.
Read more at about the Real Potential in Dallas/Fort Worth. Rockwall county among fastest growing in U.S.
Hey, found your blog from the REI forum! I have a feeling that now is a great time to by rental units, including apartmets like you mention. (BTW - your blog looks great.)
Posted by: coglethorpe | Tuesday, October 02, 2007 at 12:28 PM
Thanks! REIclub.com is a great tool. I also recommend Creonline.com, BiggerPockets.com and the creativeinvestor.
Posted by: Dee Copeland | Tuesday, October 02, 2007 at 12:35 PM