Marcus Hiles Notes Generational Shift In Housing Market

Marcus Hiles Notes Generational Shift In Housing Market
Marcus Hiles Notes Generational Shift In Housing Market

As well-known corporations such as Toyota relocate to the metroplex (now the fourth most populous urban center of the U.S.), Marcus Hiles Dallas developer points to the need for an expanded workforce. More than 400,000 jobs have been created Dallas-Fort Worth over the last two years – faster than any other metro area in the country with the exception of New York and Los Angeles; with tremendous expansion causing a proliferation in billion-dollar projects to house the influx of new workers. Beyond the need prompted by industry, generational shifts are redirecting potential home owners and renters towards the suburbs. More millennials born between the years of 1980 and 2000 are moving to planned communities outside of city centers than ever before. An article in USA Today suggests that 33 percent of Millennials plan on buying homes in the next three-to-five years, promising yet another spike in prospective home-seekers in the near future; ultimately, there will be less places to go—despite rushed construction—and those that are available will be priced high.

Read more: http://www.marketwatch.com/story/marcus-hiles-dallas-news-frequenter-discusses-the-record-setting-dallas-property-cost-2016-09-06

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