Table of Contents
Market Analysis
Forecast Population Growth to 2025 2
Housing Affordability, Average Sales Price and Growth 4
Housing Characteristics 6
Society and Ambiance 6
The age distribution 7
Types of households 8
Educational attainment 9
Economic Outlook 10
Unemployment Rates & Employment growth 10
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If current trends continue, approximately 40 percent of these new households will be captured by Collin County, significantly driving the residential market in this region. In fact, 98 percent of all population growth in the PMSA is expected to be captured by the three county areas of Collin, Denton and Dallas.
2. Housing Affordability, Average Sales Price and Growth
As it is illustrated in figure 2.1, Collin County has the highest percentage of families that can afford median-priced homes in Dallas market and it is 14 present above the whole US market average.
Figure 2.1
Dallas Market Overview 2004
Housing
Housing Affordability - Fourth Quarter 2003 Percent of Households
That Can Afford
Median-priced Home THAI* THAI for
First-time
Homebuyers
Collin County 69 1.38 1.16
Dallas 56 1.09 1.05
Denton County 66 1.31 1.10
Irving 62 1.19 1.36
Texas MLS Total 54 1.06 0.92
U.S. Total 55 1.06 0.77
* The THAI is the ratio of median household income to the income required to buy the median priced home using currently available mortgage financing. Standard financing is a 30-year loan covering 80 percent of the cost of the home.
Source: Real Estate Center at Texas A&M University In figure 2.2, Collin County is recognized with the highest average sales price of single-family home in Dallas area and still rated with the highest affordability in the region for its residents.
Figure 2.2
Average Sales Price of Single-family Home, Dallas
You say that you want a house that is close to a school, safe and opens to a lot of sunlight. A house that has enough room for your family, and huge kitchen, a bathroom, and a backyard. There are two houses that I recommend to you and they are:
In every aspect, Lewisville and Denton out paces Texas in most categories taken by the census. This is, again, due to the urban advantage that Denton and Lewisville receive. Urban areas can simply not compete with rural prices, which is a possible downside to the higher rent and home prices, but at what cost? With Dallas acting as the urban epicenter to Denton and Lewisville, Dallas brings more jobs, higher paying technical jobs, and an assortment of living options. These characteristics are beneficial to the area of north Texas when providing a large spectrum of variety, but with the downside of a higher price
Real estate occupancy costs represented about 4% of Staton’s cost structure. With a central location in the southwest United States and excellent thoroughfare systems, Dallas had become a major distribution hub for the flow of goods to the customer. The city’s demographics and legal/regulatory frameworks made it an attractive market for corporations needing industrial space.
McKinney is one of the most popular residential communities located in the Dallas-Fort Worth Metroplex. The community boasts a number of enticing features that lure residents to the suburbs tree-lined streets and quiet neighborhoods. The city's historic downtown, positive business environment, and family friendly amenities make McKinney one of the fastest-growing cities in the country.
1. Bismarck 's foreign policy was entirely based on preserving his power and Germany’s throughout Europe. After 1870 he was against the idea of expanding Germany and believed that the country was “satiated.” Instead, Bismarck wanted to keep the peace among European countries rather than engaging in war, therefore keeping Germany safe from attack. He planned to do this through the use of gaining european alliances which included Austria-Hungary, Italy, and Russia. “Believing that France would remain Germany 's enemy because of the annexation of Alsace-Lorraine, an action he had opposed because of the enmity it would cause,” he left France isolated (Germany-
Right now, the median price for a home in the area is $450,000. The sales price has risen by $75,000 in just the last year. During the same year, the average price per square foot rose from $224 to $238. Since the sales price has risen by 20 percent in just the last year, right now is a good time to enter the marketplace before prices
“…[F]or the benefit of the sick, [doctors avoid] any voluntary act of...corruption...whether [patients] are free men or slaves.” (2012) The quote above is from the Hippocratic Oath, which is a vow all doctors make, and states that doctors must not mistreat their patients. Nevertheless, medical officials’ maltreatment of their patients, especially African Americans, is a common theme seen throughout medical fields. The novel The Immortal Life of Henrietta Lacks further emphasizes the maltreatment of African Americans by showcasing the story of Henrietta Lacks who had her cervical cancer cells stolen to create an immortal line of cells, HeLa, that were used throughout the medical world without Lack’s or her family’s knowledge.
Dallas offers the feel of a small town and the amenities of a large city.
Collin County is a governing body north of Dallas that has been experiencing rapid growth over the past decade. Planning for the population growth, businesses expansions, and county debt has been needed in order for the county to be sustainable during the great recession.
Summer is a great time during the year to buy a house. First time home buyers can enjoy many great offers on buying a house with many options to chose from. Steve Jobs once said “If you have not found it yet, keep looking. Do not settle. As with all matters of the heart, you will know it when it comes”. The most important thing to considered when buying a house is its location. Depending on its location, houses can vary from prices, home security and privacy. The city of Kingwood can be considered a good place to buy a home for those willing to pay high prices for it, but the city of Huffman is a better place to buy a house rather than Kingwood for several reasons.
An area that has high annual incomes translates into areas with higher concentration of higher worth house units. For those who do not own their home and are renting, the average rent in Texas is $870. Although Texas is large in size, most of Texas is rural with a few highly dense urban areas. Texas’s population density per square mile is 96.3, while Denton is 13 times denser than the state average with a density of 1,289.91. One of the reasons why rent is higher in Denton and Lewisville could be due to being in an urban city, not more than an hour away from Dallas, the largest urban city in north Texas. All of these factors play a part in the discrepancies between Texas averages in rent, and rent near urban hubs like Lewisville or Denton.
This area is getting more hip by the minute and respect across the nation with it's flauncy highrise condos, new chic restaurants, upscale boutiques and fashionable clubs and bars. What could be better for the young, professional singles flocking to the area, or the retirees wanting to skip the lawn maintenance for a freer lifestyle? Downtown Dallas is Hot spots in the downtown Dallas vicinity include West Village and Mockingbird Station (closer to East Dallas). Condos at the W Hotel start in the High $1 Millions, but you can also find highrises in Dallas for $300,000 and up depending on where you look.
The multibillion-dollar industry that college sports has become has richly rewarded the National Collegiate Athletic Association (NCAA), university athletic programs and top football and basketball coaches. Athletes, however, continue to play under a decades-old system in which scholarships pay for tuition and room and board but fall short of covering the full cost of attending school. In return, players are expected to maintain a rigorous training and playing schedule while keeping up their studies. This falls very short to being fair for the student athletes, who are the ones putting their sweat, hearts, bodies and health on the line, day in and day out.
Some evidence is that globeville saw an increase of 67% in home values in the last year, more people from out of the states come to denver colorado and don't mind paying the rent here because they don't live here. Due to the new marijuana law and how it was first legal in colorado made people from around the states move to colorado which increased the population and which increased the rent cost.
Interest rates have a major economic impact on the real estate market. Interest rates directly affect property sales. Residential property realizes the greatest affect as interest rates have a considerable influence on a homebuyer’s capability to purchase a new property. The customer is affected when there are significant increases or decreases in interest rates. Declining interest rates lower the costs of obtaining a mortgage; this in turn creates higher demand for homes, and pushes home prices up. Conversely, high interest rates increase the costs to obtain a mortgage; these increases lower the demand for homes, which creates a decline in home prices. (Stammers, 2016)