Short answer, yes, but don’t wait too long. Prices will continue to rise to a point where it just doesn’t make sense to buy anything. If you’re looking for a timeframe a good estimate would be about two years. Top real estate investment opportunities include single-family rental properties, housing developments, apartments, and retail businesses.
A population boom is strengthening the real estate market in the area and looks to continue it’s growth. Prices have already grown considerably, even in just the past year, and while the type of growth we’ve seen recently is not sustainable it is expected Dallas will continue to grow at a fast pace. Another aspect creating a strong market is that average home prices are well matched with average income levels, making for fairly risk-free mortgages. This explains the single-family home and housing development investment recommendation; Dallasites are willing to buy homes right now and feel financially stable enough to do so. The boom in population can be credited to the boom in business, so the influx of population has the salary to invest in homes. And for those who don’t, there are always apartments. Apartments are especially appealing to the younger generation and look to be an excellent investment for now. Connecting to all this is the grown in retail business and therefore also makes for a strong investment opportunity.
So, yes, now is a good time to invest in Dallas real estate, but look to do it soon!