Hiles indicated that a common factor among the cities to make the list was the presence of major employers in rapidly growing sectors like technology and healthcare and a higher than average young adult population. For example, in a new study from personal finance website NerdWallet, Austin, TX was rated as the best metro in the country for high paying jobs and affordability. Here, the thousands of jobs provided by Dell, Apple and IBM combined with an eclectic nightlife and live music scene have caused young professionals from around the country to flock to Austin, and they are seeking rentals at reasonable rates. “Affordability is a key part of why millenials are deciding to move to the Midwest, as opposed to job centers on the East or West coast,” Realtor.com Chief Economist Jonathan Smoke told Construction Dive in November. “There is a huge disparity in how many dollars are needed to get a home in Des Moines versus San Francisco”.
The real estate market in the United States was hit by a small but consistent increase in mortgage rates during 2016 and that turn of events has influenced market trends and pricing throughout the country. One of the highest increases in house pricing was in the Dallas-Fort Worth area. This area had a house pricing increase of 12 percent which was the third highest increase in the US. Marcus Hiles states that there’s no room for panic because these trends won’t influence Western Rim Property Services offer. More about it can be found here http://markets.financialcontent.com/startribune/news/read/33692967/Marcus_Hiles_
Marcus Hiles, celebrated Texas developer and investor predicts real estate marketplace patterns. Hiles started his distinguished career by bringing to the market apartments that were budget-friendly yet plush. In the present day, his companies oversee and have more than 15,000 townhomes and apartments all over Texas. His vision for offering rich yet economically feasible home solutions to the working class individuals of Texas has influenced the Dallas property scene for the better. Furthermore, now, Hiles is taking his market expertise and is concentrating on the areas that are likely to witness high growth, that is, the Woodlands and coastal regions of Houston.
As rental occupancy reaches all time highs, real estate executive Marcus Hiles, the Founder and CEO of Western Rim Property Services, furthers development in the housing markets near Dallas, Houston, Austin, and San Antonio. New market data released by HomeUnion, a real estate investment firm, pointed to the most expensive areas in the U.S for single-family rental (SFR), placing Dallas second on the list of highest SFR rent growth in the country at an average jump of 5.6% year-over-year. Also on the list were Austin and San Antonio, seeing increases of 2.8% and 2.4%, respectively.
Texas had added 210,800 new jobs by December 17, 2016, largely driven by rising oil prices and a vibrant energy sector. Marcus Hiles, the dynamic Founder of Dallas property development firm Western Rim Properties, owns and manages over 10,000 rental homes in existence and has an additional 5,000 under construction, making him one of the state’s leading job creators. Hiles recently explained the consistent growth of the Texas economy, and the state’s role as the national leader in business, hospitality and most importantly, energy.
As stated by George Washington Carver, “education is the key to unlock the golden door of freedom.” Dallas-based property investor and Founder of Western Rim, Marcus Hiles furthers this belief, noting that education is truly the foundation for a person’s success in all aspects of life. Hiles strongly suggests living in a suburban community while in pursuit of the best educational opportunities available. Year after year, suburban schools continue to outperform urban schools, especially in regards to test scores and graduation rates. The New York Times cited a study conducted by America’s Promise concluding that “the average high school graduation rate in the nation’s 50 largest cities was 53 percent, compared with 71 percent in the suburbs.”
Marcus Hiles deeply considers his company’s environmental impact with every project they take on. His plantings can make a significant environmental impact, leading to a better quality of life for residents. “Trees and vegetation play a key role in every Western Rim development,” Hiles says. “We give our renters the lowest housing density with the greatest amount of green spaces. This strategy extends beyond improving air quality and lowering greenhouse gas emissions. These plants can also minimize pollutants in storm water and reduce overall neighborhood noise. One healthy tree is equal to 10 standard room-sized air conditioners running up to 20 hours a day. Our trees provide much needed shade from the Texas heat and can help our renters reduce cooling needs by up to 30%.”
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Oftentimes, bigger is better. This is especially true when it comes to living space. The growing popularity and crowds of urban life frequently result in the decrease of square footage for the average renter—and this is exactly what makes Marcus Hiles’ Western Rim properties and their spacious living arrangements so incredibly preferable. Each and every property is thoughtfully put together with the modern renter’s desire for adequate living space in mind, providing a refuge to come home to in the midst of a hurried, crowded world.
Marcus Hiles’ Dallas News highlighted development firms, Western Rim Property Services and its affiliate Newport Classic Homes, have built and managed over 15,000 upmarket rentals throughout Texas. Founding CEO and Chairman Hiles formed his two businesses to create affordable luxury rental communities which host highly desirable, exclusive lifestyle amenities to enrich the lives of both families and young professionals.
With the unprecedented surge in the amount of corporate relocation to Dallas, and rising numbers in both employment and the next generation of homebuyers, property costs are climbing to new heights. Marcus Hiles Dallas news icon and real estate investor has expected many of the recent changes as they have occurred, from the series of multi-million dollar skyscraper acquisitions in the city’s urban center to the shortage of homes for sale throughout the metroplex. As one of the state’s most well-known community developers for the last three decades, Hiles’ vast experience has given him a comprehensive understanding of the current trends and the myriad interests driving up prices. He explained the most important factors affecting the future of the area.