New Western reports Dallas-area housing market beats national numbers, shows no sign of slowing
March 15, 2016 (PRLEAP.COM) Media NewsMarch 15, 2016 - Dallas, Texas: New Western Acquisitions, a real estate brokerage firm, has been covering the growth Dallas has experienced in its economy and employment, and reports show there seems to be no end in sight. Now, The Dallas Morning News has presented data that ends this financial quarter with impressively high numbers for the real estate market in Dallas, putting home prices at pre-recession numbers not seen since 2007.
Nationwide economic reports released at the end of February shows Dallas home prices were up 9.6 percent in December from January 2015. On a list of major US markets for home gains, this growth ranks Dallas third in the nation, the top slots going to San Francisco, CA (10.3 percent), and Portland, OR (11.4).
Analysts are predicting that nationwide home prices will continue to rise by 5.5 percent in the coming year, but improvements in development and employment will boost home price percentages into nearly double-digits.
To add to the population and development increase in 2016, downtown Dallas will be constructing three high-rise towers. Additional firms and businesses downtown will naturally increase commuters from all over the metroplex who will travel to Dallas for work, but many will look to set up roots within Dallas city limits. However, the demand for available housing in Dallas has left residents with little options in a tight market.
New Western Acquisitions, a real estate brokerage firm, is helping real estate investors profit off this hot market by providing discounted wholesale properties to flip or rent out. The resources of real estate wholesalers, like New Western, help investors take advantage of exclusive discounted properties in Dallas and an opportunity at a great ROI. Low prices and exclusive discounts on off-market listings provide investors with significant profit when they fix and flip, or fix and rent, their property investment.
In 2008, New Western Acquisitions was founded with a mission to acquire and resell distressed residential property for affiliated holding companies. To date, New Western's affiliated holding companies have acquired and taken title to enough single family homes to make the company one of the largest home buyers/sellers of distressed single-family investment properties in the nation.