TAYO: Texas Real Estate Market Leads Housing Recovery
April 29 2014 - 5:00AM
Business Wire
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.
Taylor Consulting, Inc.Scott Wheeler, 713-840-6099President and
CEOinfo@tadcorp.com
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