Dallas has the second-best economy in the nation
Dallas’ economy is led by real estate
Dallas has the second-best economy in the nation. Dallas ranked No. 2 on the most recent “On Numbers” report released this week, according to the Austin Business Journal. Austin led the rankings, and Houston was No. 5.
Each of these thriving Texas cities is home to a SouthStar Communities neighborhood, showcasing the developer’s depth of understanding of economic drivers, long-term real estate cycles, and ongoing migration patterns.
The “On Numbers” report takes into account 18 economic factors and can’t deny the banner year Dallas has had as the city continues to reap the benefits of hot real estate and energy sectors. Lake Ridge at Joe Pool Lake, located halfway between downtown Dallas and downtown Fort Worth, has also benefitted from the hot Dallas market as buyers in search of prime Texas lake property discover all the advantages of living in a lake community without giving up a convenient DFW location.
With continued migration to Texas, “The Texas housing market is reacting to the massive influx of new residents coming to the Lone Star state for jobs,” according to Redfin’s latest report.
“As more residents move to Texas from other states with a higher median home prices, the housing markets in Dallas, Houston and Austin have been bolstered by rising home prices of double-digit year-over-year growth. About 2.5 million people relocated to Texas between 2008 and 2012 in search of jobs from more costly regions of the nation,” the report stated.
Two homesites have been sold at Lake Ridge‘s The Summit neighborhood over the past few weeks, taking advantage of closeout pricing on the final homesites in this gated, hilltop neighborhood and continuing the sales trend at Lake Ridge this year. The exclusive neighborhood of The Summit offers 30-mile views, towering trees, and the highly rated Midlothian School District.
Special offers currently available on prime Texas lake property at Lake Ridge also include newly released lake-view sites from $39,900 and one-half to one-acre properties in The Sanctuary, a gated neighborhood offering some of the most desirable lake real estate in North Texas.
For more information on moving to Texas or buying land and building a custom home at Lake Ridge, visit Lake Ridge.
