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The Robbie Report: Real Estate Investors Eye DFW for Growth

July 11th, 2013 | by The Update
The Robbie Report- Real Estate Investors Eye DFW for Growth

Real estate investors have their sites set on the the Southwest region for significant growth in 2014, according to a new report by KPMG.

The 2013 Real Estate Industry Outlook Survey shows that the climate for real estate investment is a great deal more positive than it was a year ago. About three-quarters of survey respondents said they expect the U.S. economy to improve in the next year, and they plan to increase revenues through geographic expansion.

“Overall, the economic recovery has started to take  hold in the real estate sector,” the report concludes. “While cautious optimism continues to prevail, the industry is seemingly ready to  seize growth and new opportunities.”

What does that mean for Dallas-Fort Worth? The Dallas Business Journal begins to answer that question:

Dallas-Fort Worth, along with other areas of the southwestern U.S., is being targeted by real estate investors intent on investing in the region’s strong growth and strong real estate assets.

“Everyone has become optimistic as we continue to recover in the industry and there’s been favorable financing,” Greg Williams, national leader of KPMG’s real estate practice, which is based in Dallas, told the Dallas Business Journal. “The southwest U.S., in particular Dallas and North Texas, has seen stronger job growth, which drives real estate fundamentals. When people are looking at opportunities, the Southwest is the No. 1 region for job growth.”

Employers added 195,000 jobs in June in the U.S., which was a better-than-expected job growth for the month. Dallas-Fort Worth employment was up 104,900 jobs in April year-over-year, according to the Bureau of Labor Statistics.

Click here to read the full article from the Dallas Business Journal.

This post first appeared in the Boots to Beijing blog.

Click here to explore investments in the Dallas-Fort Worth Metroplex via the Boots to Beijing Investments page. Learn more here.

The Boots to Beijing blog is produced by Briggs Freeman Sotheby’s International Realty to track investments and relationships between China and the Dallas-Fort Worth region.

Briggs Freeman Sotheby’s International Realty is Dallas’ luxury real estate leader, with more than 190 agents in five offices located throughout the Metroplex and access to the global Sotheby’s network, including more than 11,000 agents in 600 offices worldwide. For more information on escapes and second homesranch and land, and luxury homes in the Dallas-Fort Worth region and beyond, go to briggsfreeman.com.

 

 

 

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