Dallas Area Residential Real Estate Report: January 2016

Sunday, January 31, 2016

HOME BUYERS: SEVEN INSIGHTS INTO CONFIDENT DECISION MAKING

SEVEN INSIGHTS INTO CONFIDENT DECISION MAKING

Home-buying is multi-tasking on steroids. Are you up for the challenge?

8 Things You Should Never Say When Buying a Home

Seeing something you love (or hate) can often cause you to blurt all kinds of things, some of which you might regret.

25 Things To Do For Valentine’s Day in Dallas

If you want to go above and beyond this year, spend some quality time with your significant other at one of many special events in Dallas.

Be a Smarter Home Buyer by Avoiding These 12 House Hunter Cliches

Too bad the people featured on House Hunters usually appear clueless about how to select the right home.

Saturday, January 30, 2016

How To Keep From Going House Poor

The only thing worse than not being able to buy a home when you want to is owning a home and not being able to do anything but sit inside because after your house payment, HOA fee, taxes, and household bills, there's nothing left

Get out! Here are 10 ways to not waste this beautiful weekend

It's the last weekend of January, and the forecast calls for temperatures in the mid-70s. What are you doing inside?

So You Wanna Sell Your Home? Step 3: List It at the Right Price

Putting a price tag on a home you’re trying to sell is a tricky thing.

Friday, January 29, 2016

An Unexpected Color That Just Works...in Every Room in the House

Not for the faint of heart, this is a color that commands attention.

Beware These 9 Real Estate Code Words

Knowing the deeper meanings of these real estate terms could help you avoid wasting your time on a home that isn’t right for you.

6 Things New Homeowners Waste Money On

OK, we’ve said it time and again, but it bears repeating: Buying a home is a very big expense

5 Art Events For Your Weekend

Looking for something to do this weekend? Check these out.

After Strong 2015, What Lies Ahead For Housing Market?

It isn’t a secret any longer. 2015 was a good year for the housing market as it continued on its path toward recovery

First-time buyers slowly returning to housing market, data show

First-time home-buying levels, in the doldrums since the 1980s, are slowly starting to improve.

So You Wanna Sell Your Home? Step 4: Pretty It Up

staged luxury kitchen (Justin Krug)

To show your home in the best possible light, heed these savvy seller tips.

Thursday, January 28, 2016

$1 billion mixed-use development coming on LBJ Freeway in Farmers Branch

More than 800 homes plus apartments are planned in the project. (Centurion American

This property is truly at the center of the Metroplex and the timing is right for this development.

Carrollton Ranks on List of America’s 25 Safest Cities

Places that are experiencing consistent economic growth tend to be the safest places in America.”

Carrollton/Farmers Branch Residential Sales Report for December

Inventory is very low. It's definitely a Seller's Market.

Single-Family:

Sales were up by 9% in December as compared to a year ago. The average sales price declined by 5% but the median sales price increased by 2%. Really sale prices were just flat. The pending sales number took a big leap up 31%. The number of new listings rose 5% while the active listings increased by 17%. Unfortunately these increased only brought the months of inventory to 0.9 months. A balanced supply is normally considered to be 6 months so you can easily see how much the supply/demand is out of balance.

Sales: 170

Average Sales Price: $253,940

Median Sales Price: $230,000

Pending Sales: 123

New Listing: 96

Active Listings: 141

Months of Inventory. 0.9

If you live in the Carrollton/Farmers Branch area and would like a personalized Comparative Market Analysis (CMA) on your home delivered to your email in just a few minutes, then click the link below to take advantage of this offer.

What's My Home Worth?

Information provided by The Real Estate Center at Texas A&M.

Pending home sales rise just 0.1% in December

A lack of homes for sale is keeping potential buyers at bay.

4 Misleading Mortgage Offers That Aren't Nearly as Good as They Look

In today's home-buying market, interest rates are so low that many financing offers may seem too good to be true. Well, guess what? Sometimes they are!

How to Choose the Best Mortgage

Buying a home is probably the largest purchase you’ll make in your lifetime. And choosing the right mortgage is one of the most important decisions you’ll make in the homebuying process.

Don't let the bank decide how much house you can afford

Over-housing is the concept of paying too much money for housing, in relation to one’s income.

Wednesday, January 27, 2016

10 Ways To Transform Your Trashy Old Furniture Into Standout Pieces

Don't trash it or stash it. Beautify it with a coat or paint or some fresh new upholstery. You just might end up with a killer item that becomes the centerpiece of your space.

Mortgage applications up 8.8% on lower rates

Defying expectations for the start of 2016, mortgage rates spiraled down further last week, spurring more volume in the mortgage market.

The Scientific Secrets of What Makes a Happy Home

Home. The very word conjures up all sorts of warm and fuzzy feelings. But you’ve surely noticed that some people’s houses feel more homey than others.

The Renovation Dilemma: What to Fix If You're Selling

What to Fix If You're Selling

How much work you'll need depends on your home's value, your market, and the comps in your neighborhood.

If you live in Dallas or one of the northern suburbs and would like a personalized Comparative Market Analysis (CMA) on your home delivered to your email in just a few minutes, then click the like below to take advantage of this offer.

What's My Home Worth?

Dallas-area home prices up 9.4 percent in new Case-Shiller report

Dallas-area home prices are now almost 25 percent higher than they were at the peak of the last housing cycle in 2007

Tuesday, January 26, 2016

The Night They Drove the Price of Electricity Down

Only in Texas

Wind power was so plentiful in Texas that producers sold it at a negative price. What?

Frisco's Brinkmann Ranch set for homes and shopping center

Frisco city planners have approved proposals for a large new residential community and a shopping center on part of the Brinkmann Ranch.

Frisco TX Residential Sales Report for December

Sales were up and pending sales took a big jump!

Single-Family:

Sales were up by 4% in December as compared to a year ago. The averaage sales price increased by 5% while the median sales price dropped by 2%. Could say things were flat. The pending sales numbers jumped by 34% so we can look forward to a good sales number in January. The number of new listings increased by 3% and the active listings by 7%. This increased the months of supply to the gigantic number of 1.4 months. It's still very much a Seller's market.

Sales: 321

Average Sales Price: $393,025

Median Sales Price: $336,000

Pending Sales: 222

New Listings: 192

Active Listings: 438

Months of Inventory: 1.4

If you live in the Frisco area and would like a personalized Comparative Market Analysis (CMA) on your home delivered to your email in just a few minutes, then click the link below to take advantage of this offer.

What's My Home Worth?

Information provided by The Real Estate Center at Texas A&M

These Very Different Bathrooms All Have One Big Thing in Common

The bathrooms in this post all vary in style, ranging from vintage-inspired to more minimalist modern, and all are beautiful. Yet they all do something similar that makes them successful as spaces.

10 things real estate appraisers won’t tell you

There are about 80,000 real estate appraisers in the U.S. and they play a key role in most home sales:

SELLERS: DECODING THE ONLINE LISTING

Sellers will benefit from understanding the following three Online Marketing Issues when selecting a listing agent:

Forbes names Dallas-Fort Worth one of America's next boomtowns

America's next boomtowns

Texas is the land of opportunity, according to Forbes' report on America's next boomtowns.

Monday, January 25, 2016

9 Modest Fixes for the Problem Kitchen

Kitchen cabinetry, countertops, backsplashes, and appliances can sometimes turn off buyers at the first hello. Yet, a total redo may be too costly. Show clients how they can rework parts of the room for an impressive refresh.

5 Signs Your Real Estate 'Guru' Might Be a Rip-Off

For starters, who the hell calls himself a "guru," anyway?

As the housing market heats to a boiling point, so does people's interest in real estate investing -- and that means a proliferation of seminars that promise to teach you how to get filthy, stinking rich by flipping properties.

Should home sellers reject home buyers who plan to get FHA loans?

FHA Loans

FHA loans have a bad rap from home sellers and their listing agents. But is that negativity deserved? Maybe.

Market Unrest Pushes Down Mortgage Rates

This drop reflected weak inflation and nonstop financial market turbulence that is driving investors to the safe haven of Treasuries.

Cater to boomers or millennials?

Homebuilders caught in between

The U.S. housing industry is being pulled in two directions.

Sunday, January 24, 2016

10 Things To Do For Mardi Gras in Dallas

We suppose it’s never too soon to get a jump start on bead-slinging, gumbo-eating, parade-marching good times.

Top Ten 2016 Homebuilding Trends From DFW’s Leading Builders

Photo: LRO Residential

North Texas is headquarters to some enormously talented (and busy!) builders. We’ve asked the best and brightest among them to tell us their predictions for 2016 homebuilding trends.

An exclusive look inside State Farm Insurance's new Richardson hub

State Farm Insurance isn't your daddy's stiff-collared insurance company.

Will Taking a New Job Hurt My Home-Buying Chances?

A reader asked us recently how much impact an unanticipated job change could have on his ability to get a mortgage.

"I found a better job," he wrote. "How does this affect the loan?"

Saturday, January 23, 2016

Houston topped the country in housing starts last year, but D-FW gaining ground

Year end housing construction numbers but Dallas-Fort Worth in a solid second place position among the country’s’ top building markets.

16 of the world's hottest neighborhoods to visit in 2016

Checkout #11

We examined not only which countries and cities were becoming increasingly popular for travelers, but also which local neighborhoods were surging in popularity," says the report.

Existing home sales surge a record 14.7% in Dec.

U.S. home resales rebounded strongly in December from a 19-month low

Thursday, January 21, 2016

Crow Collection of Asian Art presents Bireswar Sen: Time and Eternity opening day

Compact and sparkling like a diamond, as if there were a fire within, is how the small, almost playing-card sized, landscapes of Bireswar Sen, might be described

Sunday, January 31, 2016

Saturday, January 30, 2016

Friday, January 29, 2016

Thursday, January 28, 2016

Wednesday, January 27, 2016

Tuesday, January 26, 2016

Wind power was so plentiful in Texas that producers sold it at a negative price. What?

Monday, January 25, 2016

Sunday, January 24, 2016

Saturday, January 23, 2016

Friday, January 22, 2016

Thursday, January 21, 2016