06 July . 2017
Study ranks Dallas as nation’s No. 1 city to invest in housing in 2017
Dallas ranks No. 1 on the “Where To Invest in Housing In 2017” list from Forbes magazine.
Solid economic indicators including job growth, population growth, and year-over-year home price growth vaulted Dallas to the top of the 20 U.S. markets on the list.
Forbes teamed up with North Carolina-based Local Market Monitor, which tracks more than 300 housing markets across the nation, to come up with the list.
Other strong indicators for Dallas include year-over-year home price growth of 9%.
Local Market Monitor projects that every city on the list, including Dallas, will see home price growth of at least 17% by 2020.
Dallas moved up its No. 1 spot for 2017 after ranking sixth nationally in 2016.
“Prices here are expected to grow the most of any list city. Informing that forecast is 6.2% three-year population growth, 3.9% job gains last year and 9% annual home price gains,” wrote Forbes. “Homes in Dallas are also undervalued compared to historic averages and local income.”
The list projects 31% growth in the average Dallas home price by 2020. The current average price of $233,000 is projected to grow to slightly above $300,000 in the next three years.
There’s no doubt that Dallas is a great city for buying a new home, but the DFW Metroplex spans more than 9,000 square miles, bigger than the states of Rhode Island and Connecticut combined. Where’s the best place in Dallas to buy a new home?
RCLCO, a national real estate advisory firm, reports that the biggest growth is taking place in true master-planned communities (MPCs) – especially in Texas.
“Strong in-state migration continues to fuel population growth (in Texas), and along with it the demand for high-quality housing in highly amenitized MPCs close to major employment center,” the company stated in its latest MPC report.
That description suits Hollyhock perfectly, both in terms of its location and amenities.
Hollyhock is located in fast-growing Frisco, just 3.5 miles west of the North Dallas Tollway and its famed $5 Billion Mile, one of the largest concentrations of new mixed-use development in the nation. Hollyhock amenities including Fields House, Fields Park, Dandelion Park, and miles of trails fits in with RCLCO’s definition of how true MPCs differ from what it calls “typical suburban subdivisions.”
“Beyond the built environment, MPCs differentiate themselves…in that they provide a means for interaction among neighbors in the sense of the word ‘community.’”
“The most resilient MPCs…nurture the lifestyles of their residents,” RCLCO states.
With a Lifestyle Director who plans year-round resident events at Fields House and other amenities, Hollyhock definitely fits that description as well.
Another factor to consider when investing in a new home and a community is the track record of the developer.
Newland, the developer of Hollyhock, is the nation’s largest private developer of residential and urban mixed-use communities. With communities currently under development in 14 states, Newland has more than 45 years of experience in creating places for people to call home.
Hollyhock offers a diverse collection of new homes priced from the low $400,000s to the $600,000s and up, showcased in five fully furnished model homes by our leading builders: Britton, Coventry, David Weekley, Drees and Highland.
Use our convenient Homefinder tool to see home plans available to build or for quick move-in in one of the best communities in the nation’s No. 1 city for homebuyers.
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