Expert Q&A: Where is the Relocation Market Headed?
June 12th, 2014 | by The Update
Becky Frey
A: Dallas is attracting a lot of businesses because of our state’s tax benefits, affordable housing options, and our central location within the U.S. The good thing is that Dallas has something for everyone. It is a great recreational city with the Katy Trail, the Arboretum, White Rock Lake, the Arts District, the Trinity River Audubon Center, Turtle Creek, and all our parks. Families with children are interested in schools, and everyone loves neighborhoods with walkability to restaurants and shopping. c 214.536.4727 | bfrey@briggsfreeman.com | beckyfrey.com
Lisa Besserer
A: The major effects of Toyota’s announcement will be felt mainly in the real estate markets north of Dallas. In the larger relocations, Dallas is losing out to suburban areas because of the schools. Toyota’s move won’t necessarily drive up the price of existing homes because of the competition from new construction going on in the suburbs. But the relocation is good news for the regional economy. Let’s hope our highways can keep up with our growth. c 214.543.2940 | lbesserer@briggsfreeman.com
Jonathan Rosen
A: The relocation market is going to grow immensely in the next few years. Once a company like Toyota announces that it will relocate, other companies will follow suit. Many more relocation buyers are coming through my listings, and I think that could double over the next two years. The Dallas suburbs will definitely see an influx of residents, but the values of our in-town home prices are still affordable compared with other metro areas. The whole area will benefit. c 214.927.1313 | jrosen@briggsfreeman.com | jonathangrosen.com
Tom Hughes
A: The relocation market is heating up in the Dallas region. With the announcement of Toyota’s 3,400 jobs moving from California to Plano, all areas of Dallas will benefit. Different levels of employees will focus on different parts of the area. The news has significant implications for sellers, too. These relocation buyers are ones who will pass on a home that needs work or remodeling. They want move-in ready and updated. c 214.649.3323 | thughes@briggsfreeman.com | tomhughesdallas.com
Click here to see the latest in real estate news. CEO Robbie Briggs independently owns and operates Briggs Freeman Sotheby’s International Realty with six offices in Dallas, Uptown, Lakewood, Ranch and Land, The Ballpark and Southlake.
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