Posted January 12, 2012 by James Ryder
The fourth quarter of the year is usually a lauded time
frame in the real estate market. With the holidays and travel ensuing
throughout the season, housing purchases usually hit some lower numbers during
the months of November and December. Many cities throughout the United States
experienced lower numbers in the early part of the fourth quarter in 2011. One
city that didn’t experience the same bad luck was Dallas.
Employment in Dallas-Forth Worth is continuing to rise and experts believe that new job opportunities in 2012 will likely outnumber 2011's. Nearly 80,000 jobs were created in the DFW metroplex from Nov. 2010 - Nov. 2011 according to the Census Bureau. More jobs mean more residential development. Wood Partners has closed on an acquisition of a 5-acre property in the southwestern part of Dallas and plans to begin construction on a low-rise apartment property this month.