DFW Rent Prices on the Rise, Begging the Question: Is Now a Good Time to Buy?
Posted by Kenneth G. Cox on
Believe it or not, nearly 16,000 new apartments are currently under construction in DFW and will be delivered sometime during 2015. But despite the rising numbers in inventory, renters in Dallas-Fort Worth are now paying more than ever for an apartment, and that doesn’t appear to be changing anytime soon.
According to a recent piece in the Dallas Morning News, rent prices in the area were up more than 5% from January 2014 to January 2015, and in Fort Worth, increases in apartment rents have jumped even more at 6.4% from this time last year.
While many different factors come into play as to why DFW’s rental and apartment market is so hot right now, many attribute it’s equally hot job market as perhaps the primary source. Last year, the Dallas-Fort Worth…
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