SF Housing

October 28, 2016 Comments Off on Temps Cool, Housing Hot in Big D Views: 278 National News, Southwest, Texas News

Temps Cool, Housing Hot in Big D

Summer might be gone, but housing is ‘smoke-ing’ in Dallas.

Jonathan Smoke, chief economist with Realtor.com told the MetroTex Association of Realtors a significant number of young, first-time buyers are ready to purchase. Since mid-2012, the dominant generation in the marketplace is the millennial generation. But they have been slower to move into home ownership than the generations before them.

However, the largest increase in Dallas-area sales this year has been homes priced below $300,000 — houses that typically attract first-time buyers. Sales of more expensive houses have slowed in some neighborhoods.

Many of those young buyers are coming to North Texas to find jobs. Some forecasts say that North Texas could create 147,000 jobs in 2016.

Read More at Dallas Morning News

Connect with Realtor.com’s Smoke

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