According to local real estate mogul Rogers Healy, Dallas will soon be the third-largest city in the nation.
“We’re not a hidden gem anymore; people know about us, and when you read the statistics, in three years, we’re going to be the third-largest city in the country, ahead of Chicago,” Healy predicted.
Healy is the CEO of the Dallas-based Rogers Healy and Associates Real Estate. He began his journey into real estate in 2001 while he was a student at Southern Methodist University (SMU). He worked as a “sherpa,” helping other students find places to live in DFW.
Eager to “set the world on fire,” as he put it, the Corpus Christi native moved to various neighborhoods in the DFW area to familiarize himself with the area and discover why people choose to live there. He then put that first-hand knowledge to use, helping his clients find the homes and neighborhoods best suited to their needs.
Healy stated that Dallas is a growing area that still has opportunity for expansion. “Dallas right now is what Los Angeles was after post-World War II,” he said.
According to Healy, prices per square foot have jumped over 30% for residential homes in the past year, due to increased demand from out-of-state buyers moving to the area. Dallas residents who wish to sell their houses and look elsewhere then produce growth in new neighborhoods.
Areas surrounding Dallas, such as Mansfield, Ennis, and Westlake, are beginning to thrive as a result.
Although the current cost of Dallas area real estate may seem high by local standards, Healy said that Dallas has the same home affordability rate as Pittsburgh, Oklahoma City, and Indianapolis.
In addition, he noted that Dallas is a city of diversity and feels “like home” to many.
Healy made his remarks while speaking at a leadership luncheon sponsored by the Metroplex Civic & Business Association, an organization that he thanked for teaching and educating the growing city of Dallas.