According to recent reports released by real estate analysts, the housing market is growing at a rapid rate in Richardson, Texas. Experts in the field believe this trend is likely to continue as more development comes to North Texas.
The Colony, TX -- (SBWIRE) -- 08/04/2014 -- Richardson, Texas is quickly becoming a preferred location that families want to relocate to which is helping create a property boom in North Texas. After a troubled economic climate which saw high unemployment and house prices falling, people are purchasing properties again. With more homes being sold in Richardson, Texas, it has brought confidence to the real estate industry, turning a troubled time where houses were failing to sell and property owners reducing prices, into a positive housing market.
Richardson, Texas has seen increased growth in the past 12 months bringing good news to property owners looking to sell their property. With companies expanding and moving their headquarters to Texas, it has helped increase property values, creating a competitive market. Mayor Laura Maczka was quoted saying: "Richardson is bursting with entrepreneurial spirit and those small to medium companies are key to our future."
While other areas in the United States have seen an increase in the number of job losses and local property markets are struggling, Richardson has seen its local market improve. With the high concentration of telecommunications companies and corporate centers including AT&T, Ericsson, Verizon, Cisco Systems, Samsung, MetroPCS, Texas Instruments, TriQuint Semiconductor, and Fujitsu; Richardson is quickly becoming the sought-after area to move for families wanting better employment opportunities and lifestyle.
Money Magazine ranked Richardson as the 18th best place to live in the United States, while it was ranked 69th safest city in America by the Morgan Quitno 14th Annual America's Safest and Most Dangerous Cities Awards. With a booming property market, improved job market and being ranked 2nd best place to raise kids by Business week, Richardson, Texas has seen a huge increase in the number of people thinking about moving there.
A recent article titled ‘Top 10 Richardson, Texas Subdivisions ranked by Home Sales’ was published online and provides rankings of subdivisions in Richardson, Texas area for the most desirable neighborhoods.
About Richardson, Texas
Richardson is a safe suburban community with 30 minutes’ drive to DFW International Airport, and 15 minute drive to Downtown Dallas. It is ideally placed in the metroplex making it even more attractive to property buyers.
About DFW Team Realty
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