Hey ... You're Blocking My View

By
Real Estate Broker/Owner with North Shore Suburbs & Chicago Real Estate

ViewBut in a good way ... I guess.  Here in Dallas, the real estate construction season is in full swing!  From this direction, you can see another 300+ unit apartment building slowly making it's way up!  Should be completed by late summer 2012.

Could all this construction be a sign of recovery and growth?  I sure hope so!  For starters, the labor market in Texas is showing significant signs of improvement.  This past January, Texas reported its unemployment rate had dropped to 7.8% -- the lowest unemployment rate in Texas since July 2009.  Might this represent "the view of good things to come?"  Cautiously optimistic, I'm sure everyone in the Texas housing market has their fingers crossed.  I know I do.

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carie shapiro

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Ambassador
1,557,648
Karen Fiddler, Broker/Owner
Karen Parsons-Fiddler, Broker 949-510-2395 - Mission Viejo, CA
Orange County & Lake Arrowhead, CA (949)510-2395

A business friendly state, and tax payer friendly state...wish I were moving to your area.

Mar 09, 2012 01:42 AM #1
Rainer
206,684
Marge Piwowarski
Phoenix AZ Horse Property - Phoenix, AZ
Phoenix AZ Horse Property, LLC

Carie, Wonder if there are waiting renters or if this is a "build it, they will come" project? 

Mar 09, 2012 01:52 AM #2
Ambassador
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John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Carie - A 300+ unit apartment building under construction brings promise.  I too must wonder like Marge if there will be renters to acquire these apartments.  Any good and positive news such as construction is welcomed as far as I'm concerned.

Mar 09, 2012 02:55 AM #3
Rainer
240,205
Carie Shapiro
North Shore Suburbs & Chicago Real Estate - Evanston, IL

Karen:  Lots of benefits to living in Texas, for sure!

Marge:  Don't know for sure.  But from what I've seen lately, they can't seem to build these buildings fast enough in this area.

John:  The developers around here all seem to have big smiles on their faces :)  I'm sure the "diminishing" unemployment rate doesn't hurt the situation either!

Mar 09, 2012 04:06 AM #4
Rainmaker
3,763,746
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Carie -- whenever I see a construction site -- I believe the trickle down effect for everyone is not far behind.   Here's to good news and more of it!

Mar 10, 2012 04:30 PM #5
Rainer
240,205
Carie Shapiro
North Shore Suburbs & Chicago Real Estate - Evanston, IL

Michael:  Yes ... here's to good new for everybody!  I'll gladly toast to that :)

Mar 11, 2012 01:37 AM #6
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Carie Shapiro

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