By Allie Beth Allman
6:00 a. m. 31 October 2021 CT
DFW will remain a leading market in real estate next year, according to a recent edition of The Allmanac, a weekly real estate industry newsletter produced through Allie Beth Allman.
The domain ranked seventh in the annual survey through the Urban Land Institute and PwC, which measures genuine real estate investment. Nashville, Raleigh-Durham, Phoenix, Austin, Tampa-St. Petersburg and Charlotte ranked above DFW.
Meanwhile, a large number of houses across the country are valued for their agreed promotional values, which has resulted in the failure of several transactions. Low inventories and low interest rates have fueled a purchasing frenzy of the pandemic, which has noticed thousands of homes being sold by auction wars have sparked more donations of money and valuation exemptions to close deals. Now, according to CoreLogic, 13% of valuations are below the contract value in August. % in January 2020 that CoreLogic said was typical of the housing market.
At McKinney, an apartment builder in Georgia recently purchased one of the last major sites in the Craig Ranch development. The land Davis Development claimed is a site of more than 11 acres north of State Highway 121 and west of Alma. Zoning allows for 60 sets consisting of acres and two apartment complexes are planned. Craig Ranch, with more than 2,200 acres, founded more than 20 years ago. It now includes more than 4,500 homes.
To subscribe to The Allmanac, the website alliebeth. com/registerfornews.
Allie Beth Allman