Market,Renting,Mortgage Rate,Texas Renters,US Real Estate,Long Term Housing Solutions,Marcus D. Hiles, Dallas, Texas,Western Rim,Hiles, Marcus Hiles,Luxury Living,Texas Cities

Marcus Hiles On Economic Trends Affecting US Housing Markets

Housing markets across the US witnessed a small, yet steady jump in mortgage rates throughout 2016, with a noticeable increase occurring towards the end of the year. Texas real estate developer Marcus Hiles observes that in the Dallas-Fort Worth area, a 12 percent rise in home prices took place during this time — the third biggest jump in the country. Although higher interest amounts and home values remain attainable for some, many potential buyers now find themselves priced out of a housing market that was already struggling to keep up with home ownership demands prior to the rate and property value increases. Hiles and his firm, Western Rim Property Services, provide a favorable solution — upscale rental properties managed offering luxurious living at an affordable cost unaffected by variances in housing price trends.

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