Plenty has been written about Texas in recent years; how the state weathered the Great Recession more effectively than other states and how job growth continues. The job growth has led to apartment demand – according to MPF/RealPage's recent figures, the Dallas-Fort Worth area saw demand for 11,194 units during the year-ending first quarter of 2013.
The fundamentals, combined with continued low interest rates, are luring more multifamily buyers to North Texas. Other factors also have appeal including no state income tax and a pro-business political climate. As a result, "it's competitive," comments CBRE first vice president Chris Deuillet. "If anything, buyers are trying harder to make the deal, instead of killing the deal."
Read more...North Texas Appealing to Multifamily Investors - Daily News Article - GlobeSt.com
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