“Is the hot Dallas Fort Worth housing market enough of an organic growth boon to earn mortgage bankers healthy profits?” During the Texas Bankers Association 5th Annual Strategic Opportunities Conference, organic growth, innovation and M&A were seen as the ways to keep the banking sector healthy. Who needs mergers and acquisitions when the mortgage banking sector continues to set new records?
“Hottest Top 3 Housing Markets: Dallas”
Beautiful weather, high-paying jobs and plenty of cheap energy are just a few of the key advantages of the Dallas Fort Worth housing market. For March 2017, Dallas home prices increased 8.2% (year over year), according to CoreLogic. That is not bad; in fact, Dallas was #3 in the nation. Seattle increased 13% and Denver increased 10%.
Some are comparing the 2017 housing market to the 2006 peak: ‘ “Home prices posted strong gains in March 2017, and the CoreLogic Home Price Index is only 2.8 percent from its 2006 peak,” Dr. Frank Nothaft, chief economist for CoreLogic, said in the report. “With a forecasted increase of almost 5 percent over the next 12 months, the index is expected to reach the previous peak during the second half of this year.” ‘ That is great news for Dallas-based mortgage bankers, such as NexBank.
“NexBank Mortgage Banking”
One of the new discussion groups at the Texas Bankers Association M&A Strategy Conference in November 2016 was the “Reinventing Community Banking: Perspectives on Competing by Innovation.” NexBank CEO & President John Holt was one of the panelists. Already, NexBank is well-positioned to take advantage of advances in community mortgage banking.
So far, many prognosticators continue to see “good times ahead for Dallas property.” As long as the area offers well-paying jobs, the 2017 housing market might surpass the 2006 housing market (at least in Dallas).