General Area in Fort Worth>Question Details

yeshuqin1988, Other/Just Looking in Fort Worth, TX

Hi, My name is Helen. How is the housing situation in Fort Worth? Is the demand very high and are a lot of people moving there? Thank you a lot.

Asked by yeshuqin1988, Fort Worth, TX Fri May 31, 2013

I'm considering investing in a real estate project there - building single family homes in the west edge of Fort Worth on the White Settlement Road, near Silver Ridge. I would like to get an idea of how the local housing demand looks like. Thank you very much.

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13
Helen,

Yes, Fort Worth is booming. We have shifted back to a seller's market. Home are once again getting multiple offers, if a property is in good shape and priced right it won't last long. Rentals are flying off the shelf as well.

I'm on the board of directors of the White Settlement Area Chamber of Commerce which encompasses the whole west side. I know the area you are talking about pretty well. I would be happy to talk with you and try to answer any questions you might have.

Thank You,
John Reaves
Keller Williams Realty
817-789-5542 (cell)
http://www.cowtownhomesales.com
1 vote Thank Flag Link Fri May 31, 2013
Strong market....high demand for aggressively priced homes. You've got some of the richest money in the country looking for land deals in the area.

http://www.star-telegram.com/2013/05/30/4895828/tarrant-coun…

I would contact someone like Metrostudy to give you more specifics on the area that interests you. Most of the fastest growth seems to me to be on the North side of Tarrant County, but there are pockets all over.

If you need help let us know.
1 vote Thank Flag Link Fri May 31, 2013
Bruce Lynn, Real Estate Pro in Coppell, TX
MVP'08
Contact
The local housing market is doing great in the Fort Worth areas. Homes are flying off the market. Interest rates are still low for buyers. Prices are just right for sellers. People are getting out of apartments, lease houses, downsizing, upsizing and many companies are relocating employees here. Please let me know if you need anything else. Debbie Vorpahl
1 vote Thank Flag Link Fri May 31, 2013
Lockheed is a major employer in that area. GE has opened a locomotive manufacturing plant in the Alliance area west of there, and Motorola is opening a cell phone plant that will employ 2,000. The economic outlook for Fort Worth is strong. Demand exceeds supply. Inventories of pre-owned and new homes are down. Home prices are up.
1 vote Thank Flag Link Fri May 31, 2013
Hi Helen
Overall , the real estate market in Fort Worth is very good. Right now more than anything there is a shortage of well priced housing available for purchase. Often we have scenarios where we have multiple offers within day or two on these homes and they sell at or above full price. Last night one of the local networks did a story about buyers including personal letters to the seller talking about who they are and how they will live in the house to attempt to make their offer more attractive. More importantly to you, Motorola announced this week that they are going to build one of their new next generation smart phones here in Fort Worth about 20 minutes away from that area they are planning for 2,000 jobs. I hope this information helps Best of luck to you!
1 vote Thank Flag Link Fri May 31, 2013
It is a strong market. The area you are considering is in demand due to schools and close proximity key businesses and major highways. Yes we are having an influx of new people.
1 vote Thank Flag Link Fri May 31, 2013
Helen,

Its' pumped up so much the mortgage companies and inspectors are having a hard time scheduling.

http://www.parkerdavisrealestate.net
0 votes Thank Flag Link Thu Jun 27, 2013
Quality built homes priced properly should move readily.
REALTOR with Ebby Halliday R E, Inc. Lifetime Fort Worth resident.
817.654,8518, dennisstanley@ebby.com
0 votes Thank Flag Link Sun Jun 2, 2013
I'm not a Realtor ; only a pvt. citizen. The housing market as far as rentals go is busy, busy, busy. We looked at several homes since beginning our search in early April for an end of June move in date. Let me tell you--they go quickly!!! If renters find the right home and submit an application right away--that home is gone! We waited and wavered on a few>>>>guess what? By the time we contacted the listing agent, they had been leased. We finally were able to find a rental home in South Fort Worth but only after the first applicants were denied. Property owners are looking at more than just credit and criminal reports nowadays our new landlord called our current landlord for a reference and not only that: she drove to where we're currently living to see what type of rental we are moving from (duplex).. We also included a letter indicating why we wanted to live there as part of our application--it worked! We were approved within a couple of days. So, homes are moving quickly--best of luck.
0 votes Thank Flag Link Sat Jun 1, 2013
A large percentage of my business here in Fort Worth has been with people moving from other states into Fort Worth, TX. The market is picking up nicely and we are hoping the trend continues. Please let me know how I can assist you further in acheiving your real esate goals. Please feel free to contact me with the information below.

God bless,
Enyinna Ezeife-Oshakuade
Associate Broker
Keller Williams Realty
817-808-7831mobile
817-886-0679direct
866-421-1042fax
http://allsprings.kwrealty.com
Licensed R.E. Broker in MA & TX
*Making dreams come true.
0 votes Thank Flag Link Fri May 31, 2013
Would feel honored to assist you . Here is interesting info about Tarrant county sales
http://www.lynn911.com/Web/AR287090/CustomContent/index/5177…

I work with investors world wide AND I owned several properties used for rentals.

Contact my office Saturday where I can show you many amazing homes work with your family specifications.

Lynn911 Dallas Realtor & Consultant
Multimillion Dollar Sales Producer
972-699-9111
http://www.lynn911.com 100's of Dallas homes listed for sale or lease

Follow me on Facebook
http://www.facebook.com/lynn911dallas
0 votes Thank Flag Link Fri May 31, 2013
That's a really broad question. Parts of that area have struggled a bit at higher price points(over $250k). But if you were develop under 200k point, it'd probably a pretty safe bet. Your close to two major employers that continue to hire and transfer in new people. If you'd like to discuss this more, then feel free to give me a call and we can visit about it.
0 votes Thank Flag Link Fri May 31, 2013
Hi, Bruce, Debbie, hghsells,John, Jimmie, Thank you very much for all the replies!!
0 votes Thank Flag Link Fri May 31, 2013
You are so welcome!
Flag Fri May 31, 2013
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