People Slept Outside Overnight Just to Buy a House

Source: Dallas Morning News

 

Buyers want a piece of real estate in the town of McKinney, Texas, so badly that roughly a dozen people camped out overnight to secure first dibs on home lots in a new subdivision. Reportedly, the supply of houses in the north Dallas area is at the lowest point in generations. There has been a surge of new jobs in the region, which has affected the supply of homes. Quite notably, the area is also experiencing one of the largest year-over-year home price gains in the country, currently only behind San Francisco and Denver. One local real estate agent, who was eight months pregnant, was among the people camped out to get first dibs on a home in a region that is sure to see more growth.
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