September 30, 2008
Standard & Poor’s released its S&P/Case-Shiller Home Price Indices for the month of July on Tuesday, proving that while home values in Dallas are down, home prices in the Big D still fare better than in most American cities.
The S&P/Case-Shiller 20-city composite home price index shows home prices in Dallas declining 2.5 percent over the previous year's July and rising 0.6 percent between June and July. Of the 20 cities indexed, Dallas performed second best in one-year changes, second only to Charlotte's 1.8 percent decline for the one-year period.
The 20-city composite index as a whole saw an annual decline of 16.3 percent in July.
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Thursday, October 02, 2008
North Texas cities among those with highest employment gains
September 30, 2008
A report from the Bureau of Labor Statistics of the U.S. Department of Labor shows a majority of metropolitan areas evaluated for August reporting higher year-over-year unemployment. Of the 369 areas studied, 354 had gains in unemployment.
But based on the report, North Texas is faring significantly better than most metropolitan areas.
Instead of reporting disappointing results, the North Texas region (Dallas-Plano-Irving) posted a year-over-year employment gain of 44,600 new jobs or a 2.6 percent increase in employment in the month of August — the highest employment gain of 32 metropolitan areas surveyed. The broader region of Dallas-Fort Worth-Arlington also reported the largest year-over-year employment increase of 59,800 jobs, out of 310 metropolitan areas surveyed.
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A report from the Bureau of Labor Statistics of the U.S. Department of Labor shows a majority of metropolitan areas evaluated for August reporting higher year-over-year unemployment. Of the 369 areas studied, 354 had gains in unemployment.
But based on the report, North Texas is faring significantly better than most metropolitan areas.
Instead of reporting disappointing results, the North Texas region (Dallas-Plano-Irving) posted a year-over-year employment gain of 44,600 new jobs or a 2.6 percent increase in employment in the month of August — the highest employment gain of 32 metropolitan areas surveyed. The broader region of Dallas-Fort Worth-Arlington also reported the largest year-over-year employment increase of 59,800 jobs, out of 310 metropolitan areas surveyed.
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Southwest begins "fly by" security lanes at select airports
October 1, 2008
Southwest Airlines Co. said Wednesday it’s rolling out priority security lanes for Business Select and Rapid Reward A-List Customers at certain airports later this month.
Dallas-based Southwest (NYSE: LUV) says the priority lanes, which are branded “Fly By,” are part of an initiative to enhance customer experience by allowing select passengers to move more quickly through the security check-in process.
The lanes will be available later this month at Baltimore/Washington International, Dallas Love Field, Phoenix Sky Harbor International, Orange County John Wayne, Denver International, San Francisco International and Los Angeles International.
Full Story
Southwest Airlines Co. said Wednesday it’s rolling out priority security lanes for Business Select and Rapid Reward A-List Customers at certain airports later this month.
Dallas-based Southwest (NYSE: LUV) says the priority lanes, which are branded “Fly By,” are part of an initiative to enhance customer experience by allowing select passengers to move more quickly through the security check-in process.
The lanes will be available later this month at Baltimore/Washington International, Dallas Love Field, Phoenix Sky Harbor International, Orange County John Wayne, Denver International, San Francisco International and Los Angeles International.
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Bluffview is countryside in the city
September 26, 2008
By MARY JACOBS / Special Contributor to The Dallas Morning News
There's only one neighborhood in the city that reminds Kim Kanzler of her hometown in Connecticut: Bluffview.
With its winding, hilly streets, abundant trees and variety of houses, Bluffview "is the closest thing to New England that you can find anywhere in Dallas," she said.
Bluffview, in the northwestern part of Dallas, has been "discovered" in the last 10 to 15 years, and prices reflect that. Despite the housing market downturn, "the houses are flying off the shelves," said Douglas Newby, a Realtor.
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By MARY JACOBS / Special Contributor to The Dallas Morning News
There's only one neighborhood in the city that reminds Kim Kanzler of her hometown in Connecticut: Bluffview.
With its winding, hilly streets, abundant trees and variety of houses, Bluffview "is the closest thing to New England that you can find anywhere in Dallas," she said.
Bluffview, in the northwestern part of Dallas, has been "discovered" in the last 10 to 15 years, and prices reflect that. Despite the housing market downturn, "the houses are flying off the shelves," said Douglas Newby, a Realtor.
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U.S. home prices fall record 16.3%, Dallas prices only 2.5%
September 30, 2008
By STEVE BROWN / The Dallas Morning News
Against the backdrop of slumping financial markets, there was more bad news Tuesday for the battered U.S. housing sector.
Nationwide home prices fell by a record 16.3 percent in the latest measure of housing values, released Tuesday in the Standard & Poor's Case-Shiller Index.
In the Dallas area, home prices in the July report were down only 2.5 percent from a year earlier in the 20-city monthly survey.
Full Story
By STEVE BROWN / The Dallas Morning News
Against the backdrop of slumping financial markets, there was more bad news Tuesday for the battered U.S. housing sector.
Nationwide home prices fell by a record 16.3 percent in the latest measure of housing values, released Tuesday in the Standard & Poor's Case-Shiller Index.
In the Dallas area, home prices in the July report were down only 2.5 percent from a year earlier in the 20-city monthly survey.
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Thursday, September 04, 2008
How to stage your home to sell fast
Your stuff may be treasure to you, but it's not to prospective home buyers. If you want to give your home every edge you can when trying to sell, professional stagers can help you decide what to keep and what to store away.
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Friday, August 15, 2008
10% of Dallas-Fort Worth homes sell for a loss, Zillow finds
The Dallas Morning News - August 12, 2008
One out of every 10 homes purchased in the Dallas-Fort Worth area during the last year sold for a loss, according to a new study by the online real estate company Zillow Inc.
And about 10 percent of people who've bought houses here in the last five years owe more than the property is worth.
These statistics – based on the Dallas-Fort Worth-Arlington Metropolitan Statistical area that the U.S. Census uses – are part of a nationwide quarterly housing study released Tuesday by Zillow.
The same report shows that nationwide home values in the second quarter dropped almost l0 percent from a year earlier – the biggest such decline on record.
Full Story
One out of every 10 homes purchased in the Dallas-Fort Worth area during the last year sold for a loss, according to a new study by the online real estate company Zillow Inc.
And about 10 percent of people who've bought houses here in the last five years owe more than the property is worth.
These statistics – based on the Dallas-Fort Worth-Arlington Metropolitan Statistical area that the U.S. Census uses – are part of a nationwide quarterly housing study released Tuesday by Zillow.
The same report shows that nationwide home values in the second quarter dropped almost l0 percent from a year earlier – the biggest such decline on record.
Full Story
Friday, July 18, 2008
Texas property markets likely to cool but still outpace U.S., economist says
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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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.
Full Story
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.
Full Story
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.
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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.
Monday, March 03, 2008
Commercial Sales Fell in 2007, Too
Local home sales weren't the only area of decline in 2007. Sales of commercial properties fell in Dallas and Tarrant counties, according to a research by Addison-based Roddy Information Service.
Thursday, February 28, 2008
North Texas Irish Festival - Feb 29 to Mar 2
The North Texas Irish Festival is owned and produced exclusively by the Southwest Celtic Music Association, a Texas 501(c)3 corporation, headquartered in Dallas, Texas. It is the second oldest Irish festival in the United States and largest in the southwest.
For those who seek rental services in the North Texas area for the event as well as for relocation purposes, visit Dallas Real Estate.
Tuesday, February 26, 2008
North Dallas News Sources
Al Dia - Hispanic News Paper
Daily Campus - Southern Methodist University Newspaper
Daily Commercial Record - Dallas Business Newspaper
Dallas Business Journal
Dallas Chinese Times
Dallas Examiner - Dallas African - American Newspaper
Dallas Globe - Dallas Online News
Dallas Morning News
Dallas News Daily - Online News Source for Dallas
Dallas Observer
Dallas Voice
Dallas Weekly - Dallas African American Newspaper
El Hispano News - Hispanic Newspaper
El Sol de Texas - Hispanic Newspaper
KDAF - CW 33
KDFW - FOX 4
KTVT - CBS 11
KUVN - UNI 23
KXAS - NBC 5
KXTX - TM 39
Moreover Dallas Fort Worth - Online News Source
MSNBC KXAS - Cable
Quick
Texas Jewish Post
WFAA - ABC 8
Thursday, January 10, 2008
Man killed while trying to cross the Dallas North Toll Road
Dallas News - Jan. 9, 2007 - Man killed while trying to cross the Dallas North Toll Road near Wycliff. A woman in his car said they were from Romania and were fighting about his ex-wife when he got out of the car and took off over the median where he was struck by one car and then fell into another lane and was struck by two more cars.
Dallas Texas
Dallas Texas
Friday, January 04, 2008
North Dallas Chamber Breakfast for 2008
Full Story at Dallas News
Jan. 4, 2008
The North Dallas Chamber of Commerce will host a breakfast forum from 7:30 to 9 a.m. Tuesday that will focus on the 2008 Economic Outlook. The conference at the Westin Park Central Hotel, 12720 Merit Drive, will feature a panel of experts discussing the impact of interest rates, tumultuous stock prices and implications of recession on the region and national economies.
North Dallas Real Estate
Jan. 4, 2008
The North Dallas Chamber of Commerce will host a breakfast forum from 7:30 to 9 a.m. Tuesday that will focus on the 2008 Economic Outlook. The conference at the Westin Park Central Hotel, 12720 Merit Drive, will feature a panel of experts discussing the impact of interest rates, tumultuous stock prices and implications of recession on the region and national economies.
North Dallas Real Estate
Woman Finds Dog, Tells Owner in Dallas that she's keeping it
Jan. 4, 2007 - Dallas Morning News
Woman finds cute pug that escaped the back yard under a fence. The dog napper gives the dog to her daughter for Christmas and sends an anonymous note to the owner with a $20 bill saying the dog has a new name and sleeps with her daughter every night.
Full Story
Dallas Real Estate
Woman finds cute pug that escaped the back yard under a fence. The dog napper gives the dog to her daughter for Christmas and sends an anonymous note to the owner with a $20 bill saying the dog has a new name and sleeps with her daughter every night.
Full Story
Dallas Real Estate
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