The Dallas-Fort Worth area is forecast to be one of the top real estate markets in the country in 2015, according to a respected industry forecast. D-FW was among three Texas metro areas that were at the top of an annual list of best property markets in the Emerging Trends in Real Estate report released Wednesday by the Urban Land Institute and PriceWaterhouseCoopers. Houston, Austin, San Francisco, Denver and D-FW were singled out for their strong real estate fundamentals, according to a poll of more than 1,000 property market leaders. The cities are identified as the best places to build and invest in real estate in the coming year. It was the second year in a row that D-FW placed fifth. In 2012, D-FW was ninth.
Dallas-Fort Worth home foreclosure filings are on track to be at the lowest level in more than a decade this year. So far in 2014, residential foreclosure filings in North Texas are running 35 percent below where they were last year, according to Foreclosure Listing Service. For November’s foreclosure auctions, 1,485 homes are threatened with forced sale by lenders in the four-county area. That’s about 30% fewer than in the same month last year. D-FW home foreclosures peaked in 2010, when almost 64,000 homes were posted for forced sale. This year there will probably be fewer than 20,000 filings.
With a 10% increase in job growth since 2010 and a projected 18% increase in job growth projected through 2018, CNN Money Magazine recently ranked Flower Mound No. 2 on its “Best Places to Find a New Job” list. Flower Mound is also No. 12, and the highest-ranked Texas community, on the publication’s list of “Top Earning Towns,” which was released on September 22. The “Top Earning Towns” list was comprised of communities that have highest median family incomes in the country. Flower Mound has a median family income of $131,853.
Amazon said on 10/24/14 that it will hire about 2,500 seasonal workers for its three Metroplex facilities, including its fulfillment center at Alliance in far north Fort Worth. Amazon expects to add 80,000 seasonal jobs nationwide. The online retailer operates a 1.1-million-square-foot fulfillment center at Alliance, as well as a similar-size facility in Coppell. It also has a sorting center in Irving.
Retail gasoline prices continue to fall below the mark of $3 per gallon. America’s motorists are enjoying gasoline prices about 20 cents per gallon cheaper than this time last year. This has a stimulus effect on the U.S. economy — saving us an estimated $100 billion in annualized fuel costs, which works out to about $300 in annual fuel savings for every American. Just in time for the holiday season.