Third-quarter statistics show a continuing boom in the North Texas housing market. Residential Strategies reports an increase in the annual start rate of 17 percent, for the 12 months ending September 2014. Closings for the third quarter reached their highest point since 2008.
Meantime, prices continue to rise. The median price of a new home has increased $69,000, or 33 percent, to $275,000, since the beginning of the current housing cycle in the third quarter of 2009.
With strong job and population growth—buoyed by looming corporate relocations and expansions—the outlook is bright. To find out where the greatest opportunities and challenges lie, D CEO and D Real Estate Daily have assembled an all-star panel of experts for a real estate breakfast briefing.
Residential Real Estate Breakfast Briefing Event
Panelists include Robbie Briggs, president and CEO, Briggs Freeman Sotheby’s International; Kevin Egan, president and chief operating officer, American Legend Homes; Erin Mathews, principal of Mathews Nichols Group, Allie Beth Allman & Associates; and Ted Wilson, principal, Residential Strategies Inc.
The event will be held from 8-9:30 a.m. on Tuesday, Nov. 11, at the Warwick Melrose Hotel in Dallas. Space is limited; to reserve your spot, click here.
