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Investors Name DFW as Top Market for Deals in 2024

DFW: Real estate investors remain bullish on North Texas. CBRE Research says in its U.S. Investor Intentions Survey that Dallas-Fort Worth remains top of mind for investors as North Texas is poised to be the top-performing region across the country in commercial property returns. The biggest hurdle for most investors continues to be tighter credit and higher borrowing costs. Even so, the majority of investors polled said they plan more transactions this year than last. The biggest growth is expected to be in the South. in 2023, with much of the activity expected in the third and fourth quarters of the year. Much of the interest is in multifamily housing, and industrial and logistics projects. Commercial construction in DFW is expected to decline a bit this year but will remain a leader among larger metropolitan areas.

U.S.Another week, another potential obstacle to lower interest rates. Higher than expected inflation not only pushed mortgage rates a bit higher this week, but it also tempered economists’ and analysts’ hopes that the Federal Reserve would begin lowering rates anytime soon, as had been forecast earlier in the year. Whether any rate cuts come this year, more inventory of homes for sale could create more competition, thereby lowering prices—a bit. Even so, most regions of the country continue to lack enough inventory of homes for sale.

U.S.: If mortgage rates weren’t enough to depress would-be homebuyers, they and current homeowners may have to face some of the highest insurance premiums. And if you’re in Texas, some more not-so-good news. Insurify, which compares insurance premiums across the country, says that home insurance rates will probably hit a record high this year. If you’re in Texas, or any other state that faces seasonal weather catastrophes: expect the largest increases. Insurify says that the average insurance premium is expected to top $2,500, a 6% increase from last year and more than 20% over the past several years. Lone Star State residents are expected to be paying the highest rates, perhaps by year’s end, at more than $4,400 per home. That figure puts Texas in the Top 5 states across the country.

DFW: H-E-B’s footprint continues to get bigger across North Texas. The San Antonio-based grocery store chain has opened another store in the Metroplex, and the first in Tarrant County. The new 125,000-square-foot store opened this week in the Alliance Town Center in North Fort Worth. Tarrant County is one of the fastest growing regions in the country. In less than two years, five H-E-B stores have popped up across DFW and there are plans for at least six more stores—not to mention the six H-E-B-owned Central Market locations already in Dallas, Southlake, Plano, and Fort Worth.

FLORIDA: Michael Jordan has added another property to his real estate and investment empire. A company tied to the basketball great is the new owner of a contemporary estate in the exclusive Bears Club golf enclave in Jupiter, Florida. There are only 61 homes in the 400-acre development that includes a golf course designed by golf legend Jack Nicklaus, nicknamed “the Golden Bear” hence the development’s name. Jordan’s new home sits on an acre of land and has five bedrooms spread across its 9,100 square feet. It has all the amenities in a home that size and price, including a stylish kitchen and dining and seating areas, a wet bar, club room, guest house, home gym, pool, etc. Jordan has a hefty real estate and investment portfolio, but it has been anything but net: His massive 56,000-square-foot custom Chicago-area home is still sitting on the bench, even with price drops over the past decade, at more than $14 million.

COPYRIGHT © 2022. Allie Beth Allman & Associates, a HomeServices of America, Inc. company. All Rights Reserved.

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