Summary: "The Dallas-Fort Worth market is ranked second with the most pent-up housing demand... In the next 10 years (Dallas-Fort Worth) is going to be at nine million people... We’ve got to increase our supply of homes."
Latest Update: posted 25 March, 2024
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Fort Worth growth means East Parker Co. growth. And growth means housing.
"The Dallas-Fort Worth market is ranked second with the most pent-up housing demand... In the next 10 years (Dallas-Fort Worth) is going to be at nine million people... We’ve got to increase our supply of homes." [1]
[1] What’s the future of Dallas-Fort Worth economic growth?, Fort Worth Report, 23 March 2024, Excerpts.
One key factor in the Dallas-Fort Worth area becoming an economic powerhouse was the low cost of housing.
Villupuram noted that home prices have more than doubled in 10 years from a median listing price of $170,000 in 2012 to about $425,000 in 2022.
With residential real estate no longer among the most affordable in the country, Villupuram asked how the area will attract companies and jobs over the next decade if Dallas-Fort Worth begins to lose that housing value proposition.
Many believe Austin has already lost that edge, he said. ... According to a report from real estate brokerage Redfin, more homebuyers looked to leave Austin than move in during the third quarter of 2023, the first time that has occurred since the firm began keeping track of that data.
“We’ve got to increase our supply of homes,” Villupuram said. “In the next 10 years (Dallas-Fort Worth) is going to be at nine million people. The question is where are they going to live?”
The Dallas-Fort Worth market is ranked second with the most pent-up housing demand, according to the National Association of Realtors.
“If you look at the edges of our region, think about Decatur and Bridgeport, we’re growing in all directions,” he said. “We may have the housing, but growing that far out, how do you provide the infrastructure, the roads, the hospitals. It puts a lot of stress on infrastructure.”
• Wikipedia > Dallas Fort Worth Metroplex
Fort Worth–Arlington–Grapevine metropolitan division
Johnson County
Parker County
Tarrant County
Wise County
• Dallas Fort Worth Guide DFW Area Cities > DFW Metroplex Cities and Counties
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