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Prudential Texas Properties reports the Dallas-Fort Worth region has outpaced the nation in terms of short- and long-term job growth, helping to further fuel the growing housing market.
Dallas, TX (PRWEB) July 13, 2014
With major corporations like Toyota making the move to Dallas-Fort Worth as well as a number of tech-based startups, the job market continues to improve in North Texas and is even outpacing national standards. Prudential Texas Properties reports that Dallas-Fort Worth is growing rapidly, which is pushing the real estate market even further into the hands of sellers.
A recent report by The Dallas Morning News cited data from the U.S. Bureau of Labor Statistics that found D-FW has surpassed Los Angeles to be the nations top job provider, as the area has added 113,110 jobs in the last year ending May 2014.
With the most jobs added to the area in banking, computer systems design, education and hospitals, Dallas-Fort Worth took its regional competition from Austin and Houston to heart. Dallas-Plano-Irving ranked No. 2 out of 32 metro divisions, adding 88,300 jobs throughout the past year and No. 1 for its 4.1 percent increase in jobs.
The prosperous job market is the perfect example of how incredible this housing market is doing when other areas of the nation are still trying to regain traction, says DD Flynn VP of Marketing with Prudential Texas Properties. More people are able to purchase new homes and more people are moving to the area in search of a new job. Its a domino effect thats likely to continue for some time!
The benefits will continue to been seen in the Dallas-Fort Worth region in terms of jobs, the housing market and overall economic development.
Click here for a 60-second Dallas housing market update
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