The Emerging Trends in Real Estate 2013 report is out, and Texas is on top for real estate investment potential, according to the 900 industry experts surveyed by PricewaterhouseCoopers and the Urban Land Institute.
Dallas-Fort Worth ranked no. 9 in this year's list of the top 20 markets to watch. DFW has seen huge job growth since 2007, and it's projected to add a total of 230,000 jobs by 2013. Dallas also earned accolades for its diverse job base.
Dallas-Fort Worth has seen huge job growth from 2007, and it's projected to add a total of 230,000 jobs by 2013.
Austin ranked no. 4 on the list, with further expansion of commercial real estate likely to follow an anticipated population increase next year.
Houston took no. 5, up three spots from last year, thanks to energy-related employment. Although San Antonio ranks only 19 for real estate potential, it took no. 5 for job growth over the past six years.
Economic production is a key driver of real estate, the report says, adding that "production and revenue are influential in our investment decisions."