As mentioned by the Association’s article, there was a firmly increasing residential sales in Q1 2016 when compared to its previous year, but it was also the time when actual housing inventory and active listings have reduced considerably. Based on the report, listings were decreased by 11.9%. In addition, the study finds that the average days of active first quarter listings put for sale on the market were 64, which is down three days from first quarter 2015.
The rate of renters in the U.S. is developing at a pace of more than 500,000 each year, with no signs of decreasing. Texas real estate developer Marcus Hiles perceived the booming order for high class rentals, which is why his Estates brand proposes high-caliber properties to those in the Lone Star State. “Renters are eager to embrace luxury living at affordable prices,” notes Hiles, the Chairman and CEO of Western Rim Property Services. “Our five Estates communities offer signature amenities designed to appeal to singles, couples, and families who have chosen the rental lifestyle.” Settled north of Dallas in Aubrey, The Estates 3Eighty brings one- to four-bedroom apartment floor plans that showcase soaring ceilings, expansive windows, chic granite countertops, and expansive living areas. Residents can be identified at the dedicated Starbucks Wi-Fi café, in the private off-leash dog park, or working at one of the iMacs or PCs in the business center. “Our intention was to create the best of both worlds,” Marcus Hiles recalls, “an exclusive lakeside escape that’s a stone’s throw away from vibrant nightlife and a thriving arts community.”
Sophisticated design and ecologically responsible housing are mutually important for Marcus Hiles, Chairman and CEO of Western Rim Properties. The innovative real estate developer who single-handedly modernized the Texas real estate market by creating luxury apartments and townhomes has maintained the highest standards for protecting the environment. With upscale rentals that are seamlessly integrated into the natural surroundings, utilizing eco-friendly building practices and state-of-the-art, energy-efficient amenities, Marcus Hiles’ Western Rim has made luxe living eco-friendly.
For today’s renters, details once considered extravagant are now necessities for discerning tenants of upmarket rental homes. The townhome floor plans of Marcus Hiles’ Mansions brand utilize a range of spacious bedroom and bathroom configurations, all of which function more like a single family home than a space crowded on all sides by others. A key benefit of a single family home concerns parking: Hiles agrees that properties with reserved spaces are a must. As such, Hiles’ Mansions far surpass expectations with their attached two-car garages, which offer direct home access, as well as one or two additional private parking spots. Interiors of the eight Mansion communities located across Texas likewise include upgraded particulars; floors boast refined Italian marble, rich woods and high-density 80-ounce face weight carpets; resplendent kitchens contain granite countertops and stainless steel appliances, and attractive marble baths come complete with jetted tubs and rainwater showerheads. Hiles says renters should also be sure that properties are constructed as green as possible; Western Rim Mansion homes come complete with eco-friendly, dual pane, heat-reducing e-windows, reflective LP® Techshield radiant barrier sheathing to significantly cool attic temperatures, recycled, full depth cellulose sound insulation and Energy Star-rated appliances that use less energy and therefore lower utility bills.