Property managers in Fort Worth, TX, are watching the current housing trends in the Dallas-Fort Worth area as the housing supply is showing less than the current demand. People wanting to buy homes are finding that houses on the market are going for more money than the listed price and multiple contract offers are on the table at once. Housing prices are on a steady rise as land and construction costs have had sharp increases.
“The growing Texas economy has made it difficult for homebuyers this year,” said Stefanie Mendoza, Director of Operations at Specialized. “As new residents come into the area with new jobs, they need housing. Moderately priced homes are not easy to find, and sell quickly. Area residents can look to single family rental units as a housing option.”
Property investors offering single family rental houses to residents may see fewer vacancy days as more potential tenants look for comfortable homes during the upcoming busy real estate season. With interest rates staying low for now, this could also be a good time to look at purchasing investment property. Housing prices are predicted to continue to rise. Prices of Dallas/Fort Worth area homes have increased 8.7 percent from 2014 prices, according to a Standard & Poor’s/Case Shiller Home Price Index. Getting into the market before more increases can be a good option for some.
The expert property managers at Specialized can help investment property owners be successful in their investment if they choose to add to their property portfolios. “At Specialized, our goal is that property owners make the most from their investment and that tenants feel at home in their neighborhoods, in any housing market,” said Mendoza.
Specialized offers 25 years of experience as the leading property managers in Fort Worth, TX, and provides high level real estate investment property management strategies to thousands of clients. For more information visit (www.specializedrpm.com)