Dallas is the fifth ‘hottest market in the country’ according to a report Meyers Research released earlier this week.
The firm looked at which U.S. cities have seen the biggest increase in home purchase contracts and found that Dallas’ homebuyers are signing contracts at 8 percent higher rates this year than they were during this same time period in 2017.
They claim this activity is due to a sense of urgency created in part by rising interest rates (the Federal Reserve raised short-term rates again last week), coupled with hype over the ever-changing housing market.
“(We) wanted to understand how sales activity across the country has responded to higher rates and dug into Zonda to find the answer,” they explain in their report. “We pulled contract sales data to see the biggest year-to-date winners of 2018.”
This is what they found:
Interested in reading more from this report? Find it here.