Archive for the ‘best cities’ Category

Single Buyers Choosing Suburbia Over Cities

Thursday, August 12th, 2010

Some 52 percent of single home buyers in April chose suburban locations over urban and rural areas, according to a survey by Coldwell Banker of 1,000 single buyers.

· More than 53 percent of single home owners reported that they purchased a home because it was more cost effective than renting in their area, while 68 percent of single home owners purchased a home that was less expensive than they believed they could have afforded to pay.

· Some 55 percent have less than a 30-minute commute to their office or work from home.

· Singles don’t shy away from foreclosures – especially single men. Thirty-eight percent would currently consider purchasing a foreclosed/short sale home, compared to 29 percent of single women.

· Of the 13 percent of single home owners who own their home jointly with another person, 49 percent made the purchase with their parents. Forty percent live less than 30 minutes or even in the same neighborhood as their parents or extended family. An additional 12 percent live with at least one family member.

· Number of bedrooms is important to 27 percent of single women, while only 18 percent of men were concerned.

Source: Coldwell Banker Real Estate (06/18/2010)

Dallas/Fort Worth #6 Among Nation’s Best Cities for Young Professionals

Saturday, July 24th, 2010

Dallas/Fort Worth ranked prominently on a new Forbes.com list of the best cities for young professionals. Houston ranked first, Dallas/Fort Worth ranked sixth and Austin was tenth. The list factored unemployment rate, average wage, affordability and public company presence in cities with populations greater than one million.

The booming Dallas/Fort Worth Metroplex has added more residents during the past decade than any other city in the U.S. According to the latest Census Bureau figures, the population grew by about 1.3 million people, or 25%, between April 1, 2000, and July 1, 2009. Now estimated at 6.5 million residents, an exact count will be available when the 2010 census is complete.

Dallas/Fort Worth’s attractions include a very favorable business climate, according to Mayor Tom Leppert. There’s no corporate income tax, building costs are relatively reasonable and regulations are minimal. “It’s a great place to do business,” he said, “especially attractive for companies from high-tax states.”