Dallas is Hot! – High 90’s are the norm in Dallas, Texas during the summer. Real estate in Dallas is hot all four seasons! Expect real estate temps to increase in Dallas before cooling anytime soon.

Houston’s troubles are pushing users, developers and investors to all other Texas markets and especially Dallas. Evidence of the continued heating temperatures were discussed in the June 23rd Dallas REAL Professionals Mastermind Group meeting. For example, Guy Grivas, Principal of MG Retail and new member of the Dallas REAL Professionals Mastermind Group, said he sold a Chipotle/Jimmy John’s development this week in Lake Worth at a 6.22% cap rate. The best part is the pro forma was at 8.5% in 2014.

Bankers in the meeting expect the volatility of the investment markets as the result of the Brexit decision to only fuel the fire.