Dallas-Fort Worth still makes the shopping list of U.S. markets that investors think will have the best property prospects in the year ahead.
But D-FW has been knocked from its previous top spot by smaller upstart markets, including Nashville, Raleigh-Durham and Austin, in the annual Emerging Trends in Real Estate ranking.
D-FW hasn’t been the lead metro area since 2018 in the closely watched real estate investment outlook compiled each year by the Urban Land Institute and PricewaterhouseCoopers.
North Texas could only achieve a seventh-place finish among the 10 cities real estate investors and developers predict will be the hottest property markets in 2022.
San Antonio was in 21st place and the best Houston could do was 24th.
While fast-growing smaller metro areas in the Southeast were the stars of this year’s forecast, that doesn’t mean North Texas has lost ground, said Byron Carlock, who leads PwC’s U.S. real estate practice...
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