Market,Renting,Mortgage Rate,Texas Renters,US Real Estate,Long Term Housing Solutions,Marcus D. Hiles, Dallas, Texas,Western Rim,Hiles, Marcus Hiles,Luxury Living,Texas Cities

Marcus Hiles Providing Answer To Over-Burdened Texas Housing Market

The United States housing market experienced a small but noticeable increase in mortgage rates in 2016, with the biggest spike happening as the year came to a close. Prominent Texas property developer Marcus Hiles points out that the Dallas-Fort Worth area saw home prices rise 12% over the past year alone — the third highest in the United States. Some buyers are unaffected by these increased costs, but 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 upmarket rental communities built by his company provide Texas residents with a solution, offering luxurious apartments and townhomes at a price they can afford — unaffected by variances in housing markets.

Read more: http://markets.financialcontent.com/startribune/news/read/33692967/Marcus_Hiles_