By 2025, the Sunbelt will once again dominate the real estate market, with the metroplex taking the top spot, according to a new report from PwC.
PwC, one of the Big Four accounting firms, says Dallas-Fort Worth is the market to watch next year, according to research it conducted for its Emerging Trends in Real Estate Report.
The authors said the metroplex is “enjoying an enviable post-pandemic recovery,” noting that job growth since February 2020 was 11.2%, the fourth-fastest in the country. It also highlights DFW’s diverse economy, including banking, commerce, insurance, telecommunications, technology, energy, health care, and logistics.
In mainland Dallas, the relative cost of doing business is 102% of the national average, while the cost of living is 113%. Home prices in the city have increased nearly 38% since the pandemic began, to a median price of $382,000, but remain close to the national median of nearly $400,000. This price range is approximately four to five times the median household income in DFW, which is relatively better than most major markets in the United States.
In terms of real estate performance, DFW has produced an impressive annualized return of 8.8% over the past 10 years.
“This combination of affordability, growth, and economic diversity should continue to attract new residents and businesses to DFW,” the report says.
Earlier this year, The Dallas Express reported on the 2024 U.S. Investor Intent Survey conducted by real estate firm CBRE. The Metroplex was named the #1 most attractive investment market in the country.
Another publication, WalletHub’s Best Real Estate Markets (2024), found that four of the top 10 best markets are here in North Texas, with McKinney ranked number one.
