Dallas is Booming—But Here’s the Untold Truth That Could Make or Break Your Investment!
Final Thoughts
In the current housing market, North Dallas and Dallas are generally an anomaly—house prices appear unaffected by high interest rates, despite time on market increasing. In fact, according to Redfin, house prices have increased steadily this year, with the median sale price up 13% year over year as of June.
Rents are also increasing. Ashley Flores, chief of housing at the Child Poverty Action Lab, told the Dallas Observer:
“Even though renter household earnings have increased in the last decade, home prices have increased faster. So, renter households are not making the transition to homeownership at the same rates they have in the past. And so higher-income households are staying renters longer, which puts additional downward pressure on the rental market.”
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