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
Friday, August 15, 2008
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.
Full Story
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.
Full Story
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.
Full Story
Full Story
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.
Full Story
Find homes in The Colony, Richardson and Carrollton from the trusted North Dallas Realtor.
Full Story
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.
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
Wednesday, December 26, 2007
Dallas Cost of Living
Find out about the average costs in Dallas here:
- Dallas Cost of Living - Gives basic cost of living for Dallas. Tells items like insurance cost, gallon of milk, gas price, average home price, etc...
- Dallas Average House Prices - Extensive data about average home prices in Dallas by House Almanac.
- Dallas Average Salaries - PayScale offers detailed report about average salaries in Dallas, Texas, including breakdown by career and years in field.
- Cost of Living Comparison Calculator - PayScale offers cost of living comparison calculator.
Post sponsored by Dallas Real Estate.
Sunday, February 11, 2007
Friday, February 09, 2007
Trends in Home Home Decor
Buying a brand new homes? If you're both lucky and rich your walls will be bathed in rich hues that make family and friends sit and stay a spell. If you're really blessed you have the gobs of faux finish spattered about with a burnt umber gloss for the aged plaster patina. If you're like the rest of us, sometimes lucky and rich in spirit, you're starring at those white walls wondering how to make winter white look wow. Brrrrr
Brand new homes sometimes come with pretty colors, but for the most part it's more economical to paint after your house is built. If you're not an interior designer, what can you do to assure your walls welcome you and yours? Here's a few tips from someone just like you--me. Only I have taken the time to write down my wall ponders for your benefit. This is not the decorator's gospel... it's just a normal gal's guide to making her four walls pop.
1. Choose warm colors. If I've learned anything in my life, it's that you want a warm and inviting feeling in a house, unless you are an ultra modern condo dweller. Warm colors with hints of red, orange and yellow remind us of warm sunlight as opposed to cold colors that make you think of being freezing...(who wants that at home?) Neutral colors are just that--neutral, boring, plain and are good for walls as a type of visual relief.
Paint colors for 2007
Brand new homes sometimes come with pretty colors, but for the most part it's more economical to paint after your house is built. If you're not an interior designer, what can you do to assure your walls welcome you and yours? Here's a few tips from someone just like you--me. Only I have taken the time to write down my wall ponders for your benefit. This is not the decorator's gospel... it's just a normal gal's guide to making her four walls pop.
1. Choose warm colors. If I've learned anything in my life, it's that you want a warm and inviting feeling in a house, unless you are an ultra modern condo dweller. Warm colors with hints of red, orange and yellow remind us of warm sunlight as opposed to cold colors that make you think of being freezing...(who wants that at home?) Neutral colors are just that--neutral, boring, plain and are good for walls as a type of visual relief.
Paint colors for 2007
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