As Taylor Consulting, Inc. (OTCBB: TAYO) works to build a portfolio of
prime assets through its new real estate division, Third Avenue
Development Corp., the state of Texas is poised to lead the nation’s
housing market recovery.
According to Zillow Real Estate Market Reports from the first quarter of
2014, almost 20 percent of U.S. metro housing markets have already
surpassed their pre-recession peak values or are close to doing so—and
values continue to rise.
Leading the way is Texas, whose four largest metro areas—Dallas-Ft.
Worth, Houston, San Antonio and Austin—are all experiencing peak home
values or are expected to peak in the next year. Austin led the Lone
Star State’s top metros with a year-to-year rise in Zillow’s Home Value
Index of 8.2 percent over last year. Dallas-Ft. Worth enjoyed a rise of
seven percent.
“There is no better place to invest in real estate right now than in the
state of Texas,” said TAYO CEO Scott Wheeler. “The recession is a
distant memory here. An incredible influx of people drawn by the shale
oil and gas boom is making property of all kind a hot commodity in the
state.”
The explosive demand has left the supply of housing in Texas at its
lowest level in nearly 20 years, setting the stage for potentially huge
profits to be made by building, rehabilitating or upgrading existing
single- and multi-family properties for rent or resale.
Third Avenue Development Corp. will focus on investing in potentially
lucrative real estate assets to compete in a brisk market alongside
American Homes 4 Rent (NYSE: AMH), Silver Bay Realty Trust Corp. (NYSE:
SBY), Equity Residential (NYSE: EQR), Essex Property Trust Inc. (NYSE:
ESS) and more.
For more information on Third Avenue Development, please visit www.ThirdAvenueDevelopment.com.
About Third Avenue Development Corp.
A division of Taylor Consulting, Inc. (TAYO), Third Avenue Development
Corp. is building an emerging portfolio of real estate assets for
rehabilitation and rent or resale. The company is focused on acquiring
properties in the country’s top-performing housing markets in order to
capitalize on the continued recovery and growth of the U.S. real estate
marketplace.
Notice Regarding Forward-Looking Statements
Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995: This news release contains forward-looking information within
the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended,
including statements that include the words “believes,” “expects,”
“anticipate” or similar expressions. Such forward-looking statements
involve known and unknown risks, uncertainties and other factors that
may cause the actual results, performance or achievements of the Company
to differ materially from those expressed or implied by such
forward-looking statements. In addition, description of anyone’s past
success, either financial or strategic, is no guarantee of success. This
news release speaks as of the date first set forth above and the Company
assumes no responsibility to update the information included herein for
events occurring after the date hereof.
Copyright Business Wire 2014