DFW #2 Moving Destinations

Just the Facts

Dallas-Fort Worth Ranks as No. 2 Moving Destinations

Dallas-Fort Worth has been named as the second most popular moving destination in the nation, according to an annual study by moving company Penske Truck rental.   The data is based on the moving firm’s online consumer truck reservations.  Last year, Dallas-Fort Worth ranked as the No. 4 moving destination.  Atlanta continued to rank at the top spot.   The third top moving area was Phoenix.

-          Dallas Business Journal, January 14, 2013

You Are A Listing King With 2 Listings

That is what I am telling agents these days.  Every new listing is valuable, it is almost money in the bank if it is in good condition and priced right.   Case in point is Flower Mound.  Today it has 178 active listings; three years ago 550 active listings; ten years ago 750 active listings.  Yet ten years ago it took 140 days on market.  Today it is 60 days, and in the mid-range market approaching 30 days.  What a market!  And it was announced today that the number of home sales in January are equal to our great market in 2004 – just so few listings, and so few days on market.

-          Mark Wolfe, January 22, 2013 (with inventory input from Jeff Brand)

As Prices Rise, Rental Home Investors Seek New Markets

Rapid price increases are forcing real estate investors to shift their focus, and money, to new markets as they scramble to buy more homes to rent.   The California, Arizona and Nevada markets have skyrocketing home prices, even though they have not fully recovered from the 60 percent plus drop in home values over the past several years.  But the price trend is moving investors to Texas, Georgia and Florida.   Investment firms command $10 billion war chest to buy homes to rent.  Blackstone Group owns 16,000 homes, and is buying 2,500 homes monthly.  Colony Capital expects to invest $150 million monthly in home purchases in 2013.  It bought 5,000 homes in 2012.  Waypoint Homes, another California investor, currently owns 3,300 homes, but expects to own 10,000 by year-end.

-          USA Today, January 19, 20013