10/26/2020
Is This Your Situation: Looking to Cash in on the Townhouse Boom?
In many major metro areas, such as Dallas and New York City, townhouse development is quickly outpacing the construction of traditional, single family homes. In particular, the demand for luxury townhomes and condos is on the rise. This trend is driven by young, working professionals as well as empty nesters. These groups don’t need all the space provided by a single family home, but they are still looking to find an upscale place in which to live. The combination of low mortgage rates and high rental rates found in the current market has driven this group of individuals towards buying rather than renting