Housing Shortage closer to reality than you think in Texas
Check out Steve Blow's Dallas Morning News article on the potential housing shortage in the Dallas Fort Worth area. .
Basic recap:
- New homebuilding is lagging.
- Huge population growth.
- Apartment construction also down.
- Increasing foreclosures.
Time for investors to get on board and start snapping up some of the foreclosures and turning them into rental properties. We are also seeing a shortage of apartments with 97% occupancies on average and a shortage of quality rental homes. If you are of the opinion inflation is around the corner, protect your income and your capital by buying quality affordable real estate.
We specialize in assisting investors find the right neighborhoods, buy the right homes, put in place the tenant and turn it over to a property manager to collect your monthly checks. Call at 214-675-6992
Bruce Lynn
Keller Williams Realty
120 S. Denton Tap #305
Coppell, TX 75019
214-675-6992
Comments (2)
It's Steve Brown's article, not Steve Blow, though both are DMN writers. I agree that pent up demand will catch and surpass supply in some DFW neighborhooods before much longer.
Jon Klaus, over 14 years ago
One of my developer buddies and I have been BEGGING banks to give us some construction loans for over a year and nobody wants to do these "risky" loans right now. How is it risky to build when there is about to be a housing shortage?! Banks are so freaking stupid.
Bryan Hancock, over 14 years ago