As the heat of the summer roars on, I have one burning question on my mind. Why are there still massive amounts of people relocating to this city?
The heat is nothing new for Texas. Actually, this summer seems to be milder than most, but would I trade these summers for breezy California? Absolutely.
However, the case is the opposite, and beautiful California is still headed to scorching Texas, and more specifically, Dallas. Let’s just call our city “Los Angeles of the South.” Catchy, right?
It is estimated that over 300 people are moving to Dallas every single day. The influx of out-of-town relocations, mixed with the surge of COVID-related relocations is literally spinning out the DFW market.
The Dallas-Fort Worth region is one of the most popular regions to relocate to. The region is also the top commercial real estate market and is predicted to continue in this trend for the next decade.
This has been an ongoing trend for the past several years, but I am still blown away by the increasing number of relocations to Dallas. Don’t get me wrong, I welcome everyone with open arms, especially individuals that are coming to shake up the real estate market at the same time, but it still makes me reflect on why everyone is choosing Dallas as their new home.
Dallas is affordable, it’s central, and the people are great, making it the perfect melting pot.
Sure, we’ll never have mountains or oceans, but we have a mixture of culture, booming with excitement and possibility. That surge of endless possibilities is what is continually bringing people to our city.
When corporations, individuals, and families realize the number of opportunities in Dallas, that is when they move, and that is our sell on the city.
The city has something that no other cities have to offer, and that’s the ability to expand. The Metroplex doesn’t have the issue of running out of room. We will continue to grow in every direction. This is the future of the DFW real estate market.
The metroplex is also a safe real estate market. Couple that with low interest rates, and logic is going to trump everything else, even if we don’t have beaches and mountains.
Let me repeat something I’ve said for the past few months, there isn’t a housing bubble in Dallas. The market isn’t going to slow down here any time soon.
If our new California neighbors can embrace the heat, then it’s time to welcome them home to Dallas.
Rogers Healy is the Founder and CEO of Rogers Healy and Associates Real Estate, which is one of the most successful independently owned real estate firms in the country. He is also the Founder and CEO of Rogers Healy and Associates Commercial Real Estate, Healy Global Real Estate + Relocation and Healy Property Management. Follow Rogers Healy on Instagram, @RogersHealy. Visit RogersHealy.com and RogersHealyMedia.com for more information.
