A new report from PwC says the Sunbelt will again dominate the real estate market in 2025, with the Metroplex in the top spot.
PwC, one of the Big Four accounting firms, says Dallas-Fort Worth is the No. 1 market to watch moving into next year, according to surveys conducted for its “Emerging Trends in Real Estate Report.”
The authors say the Metroplex “has enjoyed an enviable post-pandemic recovery,” citing employment growth of 11.2% since February 2020, the fourth fastest in the country. They also highlight DFW’s diverse economy, which includes banking, commerce, insurance, telecommunications, technology, energy, health care, and logistics.
In Dallas proper, the relative cost of doing business stands at 102% of the national average, while the cost of living is 113%. While home prices in the city have appreciated nearly 38% to a median of $382,000 since the start of the pandemic, they remain close to the national median of almost $400,000. This price point is roughly four to five times the median household income in DFW, comparatively better than most major U.S. markets.
In terms of real estate performance, DFW has produced impressive annualized returns of 8.8% over the past decade.
“This combination of affordability, growth, and economic diversity should continue to attract new residents and businesses to DFW,” reads the report.
Earlier this year, The Dallas Express reported on the 2024 U.S. Investor Intentions Survey conducted by real estate firm CBRE. In it, the Metroplex was named the No. 1 most attractive market for investment in the country.
In another publication, WalletHub’s ‘Best Real Estate Markets (2024),’ four of the top ten best markets were cities right here in North Texas, with McKinney ranked number one.
