DFW Job Growth Continues To Help Local Real Estate Market
Posted On 4:16 pm
By Heath Olinger
Are you planning on buying a home in Dallas Texas or selling your home in 2018? If so, job growth continues to be one of the top things that’s helping the growth of the local real estate market because more people are moving to Dallas for jobs than ever before.
This late in the cycle, there are signs that the real estate market is slowing. Not that North Texas’s economy isn’t still growing like crazy.
The D-FW area added more than 100,000 jobs in the year ended in March, according to preliminary figures from the Bureau of Labor Statistics. So far in 2018, D-FW has has stayed near the top of the list of U.S. cities with the fastest-growing employment sectors.
Only New York City beat Big D for annual job creation in March.
Job gains in North Texas have topped 100,000 a year for more than four years — an unprecedented economic boom. As long as companies keep bringing so many new jobs to the area, the real estate market will continue to thrive.
Add to the jobs, the surge in population growth.
Last year, D-FW grew by more than 146,000 people — more than any other major U.S. metro market. More than half of that population gain was from people moving to the area to fill all those newly created jobs.
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