It's 2022! Housing & You:
Into this new year, we are excited for the moves we can help you make. And our area is still full of valuable investments!
Dallas-Fort Worth remains an undervalued market, with a home value-to-income ratio of 3.0 compared to the U.S. ratio of 3.3. Its home-to-income ratio is lower than that of Austin (4.0) and that of major metros such as San Francisco (6.0), San Jose (7.3), Los Angeles (7.9), New York-Newark-Jersey City (4.9), Boston (4.1), or Washington DC (3.7). Located in a state with no state tax and with affordable home prices, the US Census Bureau estimated that about 58,000 people moved to the Dallas-Fort Worth on a net basis from other states in 2020, a pandemic year. Among the top 10 undervalued markets, it has the highest share of the population that is aged 25 to 44 years old, making up 29.1% of the population compared to the national average of 26.7%. Strong migration into the area will continue to create upward pressure for home values to increase further in 2022.
Ok, yes, there's averages and percentages in there, and I can spell all of that out for you. Bottom line: Even with a rise in prices and little inventory, D-FW continues to shine as a market worth buying into. There is much room for homes/land to appreciate and projections of more folks looking to move into the area.
So let me look with you about making a move, investing in a property or fixer-upper, or other interesting buying/selling prospects.
Each scenario is unique. But honestly, that makes it fun and worthwhile! So reach out and put us to work for you in 2022.
Happy New Year,
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