The Dallas Morning News - July 18, 2008
Texas property markets will continue to outpace the nation, but things are likely to cool a bit through next year.
“The Texas housing markets are going to be spotty,” said Dr. James Gaines, a research economist with Texas A&M University’s Real Estate Center.
Some residential markets “will be doing very well and some will be doing poorly,” Dr. Gaines said to a corporate real estate group meeting in Addison on Thursday.
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Friday, July 18, 2008
Dallas-Fort Worth home foreclosure postings jump 18%
The Dallas Morning News - July 17, 2008
Home foreclosure postings in the Dallas-Fort Worth area are up 18 percent in the latest filings.
Almost 4,600 homes are scheduled for foreclosure next month, according Addison-based Foreclosure Listing Service.
That compares with 3,870 postings for August 2007.
Despite the big increase since last year, total foreclosure filings for the D-FW area are below the recent peak in February, when more than 5,300 postings were recorded.
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Home foreclosure postings in the Dallas-Fort Worth area are up 18 percent in the latest filings.
Almost 4,600 homes are scheduled for foreclosure next month, according Addison-based Foreclosure Listing Service.
That compares with 3,870 postings for August 2007.
Despite the big increase since last year, total foreclosure filings for the D-FW area are below the recent peak in February, when more than 5,300 postings were recorded.
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Some Dallas townhouses attract buyers but other projects die
The Dallas Morning News - February 8, 2008
A stone's throw from Dallas' tallest skyscrapers, builder Chris Sorrells is busy constructing a new neighborhood of urban row houses.
His Ross Avenue Brownstones are about two blocks from downtown's Arts District and will be ready next month.
"Now that people are seeing what they will look like, I'm getting a lot of interest," Mr. Sorrells said. "I believe this area of Dallas will be the next Uptown in a few years.
"But it may take a little longer because of our economy."
A few blocks away on Bryan Street, another large townhouse development has stalled. Work halted months ago, leaving unfinished utilities and concrete driveways surrounded by weeds.
That's the story in the current housing market: Some projects are moving ahead and still attracting buyers while others have been given up for dead.
Full Story
A stone's throw from Dallas' tallest skyscrapers, builder Chris Sorrells is busy constructing a new neighborhood of urban row houses.
His Ross Avenue Brownstones are about two blocks from downtown's Arts District and will be ready next month.
"Now that people are seeing what they will look like, I'm getting a lot of interest," Mr. Sorrells said. "I believe this area of Dallas will be the next Uptown in a few years.
"But it may take a little longer because of our economy."
A few blocks away on Bryan Street, another large townhouse development has stalled. Work halted months ago, leaving unfinished utilities and concrete driveways surrounded by weeds.
That's the story in the current housing market: Some projects are moving ahead and still attracting buyers while others have been given up for dead.
Full Story
Friday, April 11, 2008
Report: DFW won't see big home price declines
Report: Dallas-Fort Worth won't see big home price declines 11:08 PM CDT on Thursday, April 10, 2008 By STEVE BROWN / The Dallas Morning News stevebrown@dallasnews.com
While North Texas' housing market decline has accelerated in recent months, analysts are still betting that the Dallas-Fort Worth area won't see measurable price declines. Indeed, the latest report from mortgage insurance firm PMI Group says that D-FW is one of the last places in the country likely to see a drop in home prices during the next couple of years. There's less than a 1 percent chance that home prices will fall here, according to PMI's spring risk index report, which was released Thursday. At the same time, PMI says that 13 of the nation's top housing markets have more than a 60 percent likelihood of home price declines. Full Story
While North Texas' housing market decline has accelerated in recent months, analysts are still betting that the Dallas-Fort Worth area won't see measurable price declines. Indeed, the latest report from mortgage insurance firm PMI Group says that D-FW is one of the last places in the country likely to see a drop in home prices during the next couple of years. There's less than a 1 percent chance that home prices will fall here, according to PMI's spring risk index report, which was released Thursday. At the same time, PMI says that 13 of the nation's top housing markets have more than a 60 percent likelihood of home price declines. Full Story
Saturday, March 22, 2008
GE Invests $18M in Two Apartment Complexes
ALLEN, TX-GE Real Estate of Norwalk, CT has made an equity investment of $17.8 million with partner BH Equities to acquire two adjacent Class A multifamily assets located in this newly developed community 12 miles north of North Dallas. These new North Dallas real estate properties are Benton Pointe, a 456-unit, three-story garden apartment complex at 425 Benton Dr., and Lansbrook at Twin Creek, a 288-unit, two-story garden apartment complex at 505 Benton Dr.
Builder Features Fixed-rate Financing
Ryland Homes is offering savings on select homes throughout the metroplex such as the Northeast Dallas real estate market . Buyers who purchase a home ready for quick move-in will save, in addition to receiving a 5.25 percent interest rate on 30-year fixed-rate financing, says marketing manager Melissa Finley. This special financing is available only to qualified buyers who purchase one of Ryland's select quick move-in homes in the month of March and finance with Ryland Mortgage, she says.
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Tuesday, March 18, 2008
Sealy's $150M-Plus Plan Ready to Get Under Way
Sealy & Grant LP will be under way by month's end on infrastructure for 55 of its 82 acres in far north Dallas. The plan is to break ground in August on the first of three 180,000-sf value-office buildings for Palomino Crossing, a $150-million to $200-million development of "green" office and retail.
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Find homes in The Colony, Richardson and Carrollton from the trusted North Dallas Realtor.
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Find homes in The Colony, Richardson and Carrollton from the trusted North Dallas Realtor.
Sunday, March 16, 2008
Valley View Center Mall Has Shot at Renewal after Macy's Closing
Changes are in store for Dallas' venerable Valley View Center, which opened 35 years ago at Preston Road and LBJ Freeway and this weekend saw the closing of its Macy's anchor store.
Like Valley View, malls across America are being redeveloped and reimagined amid a wave of department store closings. Macy's has closed more than 75 stores since its 2005 acquisition of its biggest competitor, May Department Stores.
Full Story
Consult our North Dallas Realtor for homes for sale in Dallas and surrounding cities.
Like Valley View, malls across America are being redeveloped and reimagined amid a wave of department store closings. Macy's has closed more than 75 stores since its 2005 acquisition of its biggest competitor, May Department Stores.
Full Story
Consult our North Dallas Realtor for homes for sale in Dallas and surrounding cities.
Tuesday, March 11, 2008
Foreclosure Bus Tour Gives Homebuyers a Different View of Shaky Real Estate Market
The half-day tour includes stops at eight or nine homes reclaimed by banks during the recent wave of North Texas foreclosures. The homes range from extreme fixer-uppers to spotless new abodes with granite countertops and media rooms.
"It gives you a different perception of the foreclosures," Demetria Newkirk, a Carrollton city employee, said Saturday after viewing an elegant two-story North Dallas home recently marked down from $1.1 million to $795,000.
If in need of Dallas condos, highrises and urban lofts; try the Dallas Locator Service.
Monday, March 10, 2008
In Dallas-Fort Worth Market, No Flood of Homes for Sale
"Unlike many other areas of the country, the North Texas home market hasn't seen a flood of properties for sale in recent months.
In February, the number of homes offered through the Realtors' multiple listing services dropped 1 percent from a year ago. And the number of listings added to inventory last month was down 7 percent from last year, the North Texas Real Estate Information Service reported Friday." The Dallas Morning News(March 07, 2008)
If you need a home in Dallas and the surrounding areas, go to DFW Homes for Sale.
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