Real Estate Market Analysis

Topics: Texas counties, Household income in the United States, Unemployment Pages: 7 (2097 words) Published: November 11, 2005
Table of Contents
Market Analysis
Forecast Population Growth to 2025 2 Housing Affordability, Average Sales Price and Growth 4 Housing Characteristics 6 Society and Ambiance 6 The age distribution 7 Types of households 8 Educational attainment 9 Economic Outlook 10 Unemployment Rates & Employment growth 10

Household income 11 Capital Improvement Program 12

Market Analysis
1.Forecast Population Growth to 2025
Collin County is one of about 3,141 counties and county equivalents in the United States. It has 847.6 sq. miles in land area and a population density of 704.5 per square mile. Growth in population and employment is a primary reason for increased congestion in the Nation's metropolitan areas. The Country has grown in population and employment in recent years, and will most likely continue doing so. The 2000 Census revealed 281 million people living in the United States, which represents a 13.2 percent increase since 1990. Some regions of the Country have experienced higher growth rates than others. In recent years, the U.S. population has undergone redistribution from the northeast and mid-west to the southern and western regions of the Country. The 2000 Census revealed a dramatic increase in Hispanic population of 57.9 percent from 1990 to 2000, compared to 13.2 percent for the total U.S. population. More than 75 percent of the Hispanic population lives in the west and south, this may account for Texas displacing New York as the second most populated state in the Country. As a result, many southern and western regions of the Country grew at a rate two or three times faster than the national average, while many northeast and mid-west areas grew at a much smaller rate. Entering 2005, Collin County's housing market is poised for long-term continued strength and growth. The region's cities are growing and new markets are emerging in the area offering growing retail and business establishment opportunities, as well as attractive places to live in proximity to Dallas. As you can see in Figure 1.1 Collin county's population has increased almost %56 since 1990.

Collin County, TX
Population and Components of Change
ChangeComponents of Change
1991 279,1145.715,0785,8351,2877518,729
1992 292,3214.713,2074,7251,0968528,047
1993 310,6686.318,3474,8631,10270013,199
1994 330,8676.520,1995,3901,20974414,596
1995 352,7386.621,8715,8721,3071,27214,792
1996 378,4887.325,7506,1281,3841,79517,757
1997 408,3717.929,8836,5171,4501,73221,256
1998 438,2147.329,8436,8611,5011,71120,358
1999 468,6206.930,4066,6831,4901,80020,485
2000 491,6754.923,055----
2001 537,7969.446,12111,0032,3164,78231,180
2002 568,9505.831,1549,3791,8983,82619,309
2003 597,1475.028,1979,4951,8763,82616,454
Source: U.S. Bureau of Census
This trend of rapid growth is expected to continue through the year 2025. According to 2030 demographic forecast prepared by the North Central Texas Council of Governments' (NCTCOG) Research and Information Services (RIS) Department in 2003, population for the DFW Metropolitan Planning Area (MPA) will grow by about 63 percent and employment by 64 percent, from 2000 to 2025. Taking into account, this population growth and average persons per household...
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Real Estate Markets Essay
  • 4 Key Factors That Drive The Real Estate Market Essay
  • China’s Real-Estate Bubble Essay
  • Real Estate Market in India Essay
  • Analysis of Real Estate Sector Essay
  • market analysis Essay
  • Real Estate Market Analysis 4 Essay
  • Determinants of Demand of Real Estate Essay

Become a StudyMode Member

Sign Up - It's Free