A whole different kind of real estate investor will pop the champagne after the latest report of rising residential real estate prices in Dallas.
In October, Redfin Corp. found that the median house price rose 14.4% year over year. This is more than double the national median price increase of 6.6%. The median price of units sold was $429,000 – an already unattainable sum for many who would be thrilled to add Dallas real estate to their portfolio. The good news is that they won’t need to leave empty-handed due to a crucial market development.
The founders of Nada, a startup behind the disruption in question, wanted to allow anyone to take advantage of the historically most reliable asset class by lowering the barrier to entry. Thanks to the innovation introduced by its latest product called Cityfunds, investors can own a share of the citywide real estate market for as little as $250. The mechanic at play is a modernized version of a real estate acquisition tactic that has brought in billions to America’s wealthiest over the past 60 years. But for the first time, you can buy shares in the citywide residential real estate market.
Through Cityfunds, Nada creates a diversified, index-based fund made up of single-family residences in major urban centers. Investors then buy shares of each individual fund, hoping that prices will continue to rise.
While it’s impossible to predict the future, you can check out a few data points that suggest Dallas real estate prices are only getting hotter. Median income has been on the rise in recent years, increasing by 20% between 2015 and 2020 to reach $54,747 per year, while the cost of living remains low compared to similarly sized urban centres.
Perhaps even more importantly, the job market is booming. A quarter of Dallas’ population earns more than $100,000 a year, which means a significant portion of Dallas residents can afford a single-family home. Dallas has gained 661,000 jobs since 2010, according to Bloomberg, while Forbes ranked it as the #1 city for jobs in 2017. This may be one of the key reasons why Dallas is the fifth-largest city. fastest growing in the United States More than 97,000 people moved to the Dallas area between June 2020 and July 2021 – a staggering 7% population influx in just over a year.
These statistics are likely to put a smile on the faces of the thousands of investors who bought Dallas’ $10 stock, as did the recently released performance report on the company’s Dallas assets. The portfolio has appreciated by 14% since the beginning of the year. Overnight, Nada will make stocks liquid through its stock trading option. When that happens, those $10 stocks can experience a substantial increase in value.
Click here to invest in Dallas before deployment!
This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investment advice.