Marcus Hiles Discusses 12 Percent Spike In Home Prices
The United States housing market experienced minor but steady increases in mortgage rates in 2016, with a big spike happening at the end of the year. Dallas-Fort Worth property developer Marcus Hiles points out that the area saw a 12 percent spike in home prices in 2016 — the third highest in the United States. While these higher interest amounts and property values may have little effect on some buyers, many have been priced out of a housing market that was already struggling to accommodate massive growth even before this shift. Hiles, Founder of Western Rim Property Services, believes the luxurious rental communities managed by his company provide residents with an advantageous solution, offering upscale living at a price working Texans can afford — unaffected by variances in buyers’ markets.