One of hottest real estate markets to invest in 2017? Dallas-Fort Worth, of course. That's according to the annual Emerging Trends in Real Estate report from PwC US and the Urban Land Institute, which includes interviews and surveys from more than 1,800 leading real estate experts to determine the top markets to watch.
DFW comes in second on the latest report, surpassed only by Austin. This is the third consecutive year that a Texas market has topped the list. You may remember that Dallas-Fort Worth ranked No. 1 for 2016; Houston was No. 1 for 2015.
The report notes that Dallas-Fort Worth may be "approaching the level where it is considered as a core primary market." That's thanks to a healthy, diverse economy that was only minimally affected by the global financial crisis, as well as a growing population and well-educated labor force.
The expanding technology sector in Dallas-Fort Worth is another big draw for investors, and despite rising demand driving up the price of housing, the report notes that DFW has managed to "not become a victim of its own success ... using smaller lots and higher density to keep housing affordable."
Where should investors looking outside Texas consider plunking down cash? Portland, Oregon; Seattle; and Los Angeles round out the top five.