Hiles Helps Texas Real Estate Market Remain Stable

Hiles Helps Texas Real Estate Market Remain Stable

Hiles Helps Texas Real Estate Market Remain Stable

Texas property is in high demand, as indicated by the Texas Quarterly Housing Report released on May first. This creates a paradox for individuals and families in the market to purchase a home. The report notes 65,265 homes sold during the first quarter of 2016, an increase of nearly 8% from the same timeframe in 2015. The median price for a home in the state has jumped over 5% in just a year’s time, making it tough for those who are currently looking to buy a house as they not only have less inventory to choose from, they will also pay more for less value. This can generate a real estate crisis, which was the exact scenario facing Texans when Marcus Hiles’ Dallas-based company, Western Rim Properties, was born. The Texas real estate market was disjointed and on the verge of disaster when Hiles had the vision to intervene with a two-fold mission: improve the local real estate markets in metro Houston and Dallas, and provide lavish rental homes at an affordable price for working class Texans. As a result, the Houston and Dallas areas were upgraded with top tier resort style communities and the entire Texas real estate market received a facelift.

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