Category Archives: Suburbs
Friday Five Hundred: 6000 Square Feet & Magic-Making Master For The I Hate Grass Club | Candy’s Dirt | Dallas Real Estate News and Blog by Former Dallas Dirt Editor Candy Evans
Do you need to know what the population breakdown was last year in Fort Worth? How about the cost-per-acre of development land in Corpus Christi? Curious about how the number of residential building permits in Dallas last year compared with those in previous years?
You’re in luck.
The Real Estate Center’s 2010 Market Reports, now available on the Center’s website, contain this information and so much more.
A report is available for each of Texas’ 25 Metropolitan Statistical Areas. I have downloaded the Dallas-FortWorth-Arlington report and I’m studying it now.
DALLAS (Dallas Morning News) – Sales of luxury homes increased between 20 and 60 percent in neighborhoods areawide in first quarter 2010.
First quarter sales of million-dollar homes in North Texas rose 23 percent from first quarter 2009, and sales of houses priced between $800,000 and $900,000 were up 56 percent.
The largest gain in home prices was in East Dallas, where prices were up 23 percent from March 2009.
By neighborhood, Multiple Listing Service (MLS) reported that sales of previously owned homes in Park Cities shot up 80 percent and more than 50 percent in North Dallas. Other big increases were recorded in Westlake, and in northeast and northwest Dallas.
MLS data showed a 28 percent decline in home sales in DeSoto in the first quarter, while sales fell 25 percent in Duncanville, 20 percent in Lancaster and 19 percent in Cedar Hill.
The Collin County Association of Realtors reported that its March listings were at the highest level in two and a half years. Meanwhile, the county reported the highest number of homes under contract since July 2008.
RECON April 27, 2010 – The Real Estate Center is part of the Mays Business School at Texas A&M University in College Station.
Home styles are constantly changing and since I love to remodel and work with builders I’m always watching the latest trends. This site has some good ideas – enjoy. Let me know if you have any good places you turn to for ideas.
Hello! Here is a link to the Briggs Freeman Real Estate Update Blog. Feel free to use the updates and information from the blog in your Twitter and Facebook accounts. Pass it on…
It’s the end of summer and schools have started – It’s time to re-focus on the last quarter of the year. That is our usual plan in real estate and I was wondering if this year would be the same or different? Well the phones are ringing, buyers are out and sellers are preparing to get their houses on the market to take advantage of the end of year buying season. I have been in Colorado recently for an event at my listing in Crested Butte and they also report an increase in activity with buyers – thats good news! Interest rates have continued to stay low and, yes, there is money available as long as a buyer has cash to put down and good credit. Our only challenge is to get past the appraisal process in some areas – this has been a bit of a hiccup lately.
A bit about the latest appraisal process: The large banks are required to hire appraisers randomly. Realtors refer to this as “spinning the wheel” and wherever it lands is the appraiser that will be sent out to your property. If you live, or are buying, in a development that has all similar styles, sizes and prices then you are not as affected by the random appraisers because they are able to compare information easily. But the areas that I work in, such as the Park Cities, Uptown and Preston Hollow, have a mix of older homes, new homes, architecturally-unique homes with different special features – you get the picture. Well, when an appraiser comes to do an appraisal in an area that he/she is not familiar with, then it is very likely the property will not meet value. Some of the mortgage brokers have a smaller list of appraisers that they “spin the wheel” on and so the likelihood that you will get a local appraiser for your home are much greater.
Bottom line is that I feel very confident about our real estate market this fall and we need to keep in mind that it is important to make sure your agent has found good comps to justify your price and/or has gotten an previous appraisal on your home.
Three optismistic (quite welcomed) quotes from the article:
1) “We are beginning to see some more positive trends in the housing market, which is great news,” said David Brown…
2) The D-FW area has had one of the smallest overall home price declines of any major U.S. market during the last two years…
3) Economists anticipate that the D-FW market will be one of the first in the country to rebound.
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