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Hottest ’Hoods in North Texas: Housing market broken down by values, sales and more
It’s probably not a shocker for folks with even a passing familiarity with the North Texas residential landscape to learn that Highland Park has the most expensive median home values in the area. The median in HP’s 75205 ZIP code clocked in at $1,355,700 as of Aug. 30, according to Zillow Group Inc. What might be surprising, however, is that the Highland Park median home value rose just 4 percent year over year. Highland Park’s high median was followed by the University Park ZIP code of 75225, where the median home value was $1,276,800 — also a 4 percent increase. The North Dallas ZIP 75230 had a median value of…
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The DFW Real Estate Market Continues To Attract International Buyers
It’s no surprise that recent statistics have shown that the DFW Real Estate market has continued to attract International Buyers because priced in the Dallas Real Estate market are more affordable than they are in other cities nationwide. A deal is still a deal in 2019-2020 and the DFW real estate market is attracting investors from as far away as China and Japan who are looking for the perfect real estate investment opportunities. A Hot Real Estate Market Compared with other states, the Texas real estate market has continued to remain a hot destination for home buyers worldwide. The Texas Association of Realtors’ 2019 Texas International Homebuyers Report reveals that…
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Is the Dallas Real Estate Market Still Too Hot? Some Experts Think So
Planning on buying a home in the Dallas Texas Real Estate Market? If so, you may be surprised to know that some experts still think that the DFW Real Estate market is still too hot even though the nationwide real estate market as a whole seems to be slowing down. Is the Market Too Hot or Just Right? Still overvalued — that’s the latest assessment of the Dallas housing market by one of Wall Street’s big rating firms. Dallas-Fort Worth home prices are 10% to 14% ahead of where they should be, according to the latest report by Fitch Ratings. D-FW is one of six major U.S. metro markets where…
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North Texas home sales headed higher in August
Lower mortgage rates helped boost North Texas home sales in August. Sales of single-family homes by real estate agents rose 5% last month — the second month in a row that sales were higher than levels a year ago. The 10,911 homes sold set a record for August purchases, according to preliminary data from the Real Estate Center at Texas A&M University and the North Texas Real Estate Information Systems. “Both August and September have been very good months,” said housing analyst Ted Wilson with Dallas-based Residential Strategies. “These lower mortgage rates have definitely pulled people off the sidelines and helped with the affordability issues. “It’s definitely been a boon…
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Should You Invest in A Pool for Your Dallas Texas Home?
Have you been thinking about investing in a pool for your Dallas Texas home? If so, you come to the right place! The answer to the question of should you invest in a swimming pool is yes. Investing in a swimming pool is a smart idea because, not only will it add to the level of enjoyment that you will from your home, it will also help to increase the overall value of your property as well. How Much Does A Pool Cost? Depending upon the contractor that you use to build your swimming pool, an average pool can cost anywhere from $20,000 to $65,000 or more especially if you…
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Home Prices Are Up Only 1.4 Percent From 2018
Dallas-Fort Worth home prices grew at less than half the nationwide rate in the first quarter. D-FW median home sales prices were up just 1.4% from a year ago. That was the smallest such gain for the area in almost eight years in the closely watched quarterly home price report by the National Association of Realtors. Nationwide home prices were 3.9% higher than in first-quarter 2018, according to the just-released study of 178 U.S. metro home markets. “Homeowners in the majority of markets are continuing to enjoy price gains, albeit at a slower rate of growth,” Realtors chief economist Lawrence Yun said in the report. “A typical homeowner accumulated $9,500…
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Four First Time Home Buying Mistakes To Avoid
Now is a good time for first-time house hunters to prepare for the spring homebuying season. If you’re a novice to the market, you might want to hear from experts on the biggest mistakes first-time homebuyers make. According to Corey Burr, a senior vice president at TTR Sotheby’s International Realty in Chevy Chase, Maryland, here are four mistakes you’ll want to avoid: 1. Not contacting a lender until you’ve found the property of your dreams: Without contacting a lender in advance of shopping, buyers don’t know the range of loan programs available, the down payment requirements, the terms of varying loan programs, the payment of private mortgage insurance (or not)…
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Technology poised to change home-buying traditions
In the not-too-distant future, you could close on the sale of your home in just a few days by using a smartphone app without ever even meeting another human being. A wave of new real estate technology backed by billions of investment dollars is spreading across the U.S., threatening to disrupt a sedate industry the way ride-sharing and online short-term rentals did to the taxi and hotel businesses. New ways of processing data are speeding up sales, better analyzing market rates and changing home financing. Despite Maine’s self-identification as a high-tech backwater, it will be here sooner than we think, said Dava Davin, principal broker with Portside Real Estate. “Is…
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When to walk away: Red flags in the home buying process
Buying a home is an incredibly exciting decision, but it rarely goes as smoothly as we hope. From questions about the neighbors, to surprises on the inspection report, add in the nerves associated with making one of the biggest investments of your life, and it begs the question: how do consumers know whether to take the plunge or walk away? To begin, work with people who are knowledgeable and honest. “When deciding whether to buy, trust your professionals. A good home inspector should point out potential problems in the home and your realtor should be able to negotiate having those fixed or a lower price,” co-founder of Angie’s List, Angie…
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Homebuying in 2019: Prices dipping, but other problems linger
After an almost decade-long “seller’s market,” in which prospective homeowners routinely encountered a bidding war, prices for homes and condos are leveling off. But buyers shouldn’t count on having an easier time negotiating — particularly for a “starter” home. Chief Economist Lawrence Yun of the National Association of Realtors predicts just a 2 percent rise in home prices this year. “Price increases will be difficult to maintain after several years of sizable gains,” said Yun. Housing prices have risen 52 percent since 2010 when the nation began to recover from the real estate crash. Yun’s prediction is in line, but not in total agreement, with other projections. Global analytics firm…
