Dallas Area Residential Real Estate Report: May 2016

Tuesday, May 31, 2016

Last-Minute Visitors? Clean Your Home in 5 Minutes (or Less)

It's the call every home seller loves to hate

Builders: Lot Shortages at Record Highs

Sixty-four percent of builders reported that the supply of lots in their markets was “low” or “very low,

S&P/Case-Shiller: US home prices rise 5.4% in March

The economy is supporting the price increases with improving labor markets, falling unemployment rates and extremely low mortgage rates

Home sellers are spying on buyers to gain intel

I always tell my buyers to be careful what they say when we are in a home.

Sunday, May 29, 2016

Memorial Day

History of Memorial Day

Saturday, May 28, 2016

Do You Need a Mortgage Broker?

Even if your IQ is through the roof, mortgages can make your head hurt.

How to Go From Real Estate Gawker to Serious Home Buyer

Serious Home Buyer

Millions of people visit sites such as realtor.com® each month, but fewer than 500,000 homes are bought on average in any given month in the U.S.

That means that real buyers—or “serious buyers,” as we call them—are outnumbered by millions of casual lookers, tire kickers, and other prospective buyers (OK, let’s call them “gawkers”) who are a whole lot less likely to buy anytime soon.

Friday, May 27, 2016

Dallas Symphony Orchestra Memorial Day Concert and Fireworks Display

Memorial Day Concert & Fireworks Display at Flagpole Hill across from White Rock Lake.

Thai Culture & Food Festival 2016

Want to know more about Thai Culture and Food?

Our Heroes Klyde Warren Park Dallas

Jaap van Zweden conducts a program of patriotic favorites and beloved classics in honor of Dallas's veterans and first responders

Richardson Community Band May 29th

Memorial Day Tribute

Liberty Fest Presents Stars & Strings Farmers Branch

Liberty Fest Presents Stars & Strings

The sounds from the Dallas Wind Symphony will be filling the Historical Park at this year’s annual Liberty Fest presents Stars & Strings Memorial Day event

Pending home sales up 5.1 pct, highest level in a decade

A strong showing of homebuyers in the South and West boosted overall U.S. home sales in April.

Thursday, May 26, 2016

Summer Sounds: Allen Philharmonic

What could be better after a long Monday than spending the evening with family over a picnic dinner on the lush, fresh grass of the Joe Farmer Recreation Center Amphitheater,

Run BIG 1K/5K

Photo courtesy of Cancer Support Community North Texas & Nebraska Furniture Mart

The event will feature family fun activities including music, games, food and other activities for kids.

St. Andrew United Methodist Church presents The 11th Annual A Salute to America Concert

Photo courtesy of St. Andrew United Methodist Church

A Salute to America Memorial Day weekend concert.

7 Ways to Celebrate Memorial Day Weekend in Dallas

Party at the Texas Pool. Photo courtesy of vendor.

It’s summertime and the living’s easy.

Caliber Collision presents Dallas Memorial March

Carry the Load/Facebook

The Dallas Memorial March was created as a way to raise awareness for our veterans and military families.

Slideluck Dallas 2016

Photo courtesy of Slideluck

Admission is a dish to share.

Color Fun Fest 5k & Carnival

Photo courtesy of Color Fun Fest

Prepare for an some heart-pumping excitement when you join us for the Color Fun Fest 5K & Carnival.

Wednesday, May 25, 2016

6 Songs That Say It All About the Spring Housing Market

Here’s a six-pack of carefully picked songs that relate to this spring’s white-hot housing market.

FRISCO EARNS 'BICYCLE FRIENDLY COMMUNITY' DESIGNATION; NEW PUMP TRACK TO OPEN IN LATE MAY

Cyclists are pumped following news Frisco can add ‘Bicycle Friendly’ to its list of distinctions.

Frisco Residential Sales Report for April

Sales were down

Single-Family:

Sales were off by 10% in April. Not sure why. The average sales price increased by 12% and the median sales price rose 10%. Pending sales fell 8%. The number of new listings had a small 1% rise however, the active listings climbed by 36%. One would think the large increase in active listings would have a major impact on the months of inventory but it didn't. Months of inventory only rose to 2 months. With 6 months being considered a balanced supply, you can readily see that we are still very much in a Sellers Market.

Sales: 300

Average Sales Price: $424,066

Median Sales Price: $370,500

Pending Sales: 347

New Listings: 485

Active Listings: 657

Months of Inventory: 2

If you live in the Dallas 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.

Dallas Area Farmers Market Report

Opening its season this weekend, Luscombe Farm Market gives us a Sunday afternoon option for farmers market shopping in its old-fashioned country barn near Anna.

Downtown McKinney getting mixed-use project from Legacy West developer

Columbus Realty is planning a building with apartments, shops and offices near McKinney’s historic town square. (Columbus Realty)

The same person that potentially would live at Legacy West would find this an attractive place to live.”

Homebuying, not refinancing, drives mortgage applications up 2.3%

Purchase applications got back on track last week

Texas Leads Country in New Housing Units Built

Even as oil prices and production were starting to decline, Texas still managed to add people

Tuesday, May 24, 2016

Designing Your Home Like A Pro In 10 Steps

The Covetable

Pulling together a flawless home isn't easy. But you don't need to be an expert (or hire one) to create an inviting space - you just need to follow a few expert rules.

Allen Residential Sales Report for April

Sales were up. Pending sales took a big jump!

Single-Family:

Sales were up 12% as compared to this time last year. The average sales price rose 17% and the median sales price climbed 16%. The vast majority of the sale continue to be concentrated in the upper price ranges. As I write this report there are exactly 3 homes for sale in Allen under $200,000.
Pending sales jumped 28% so we can anticipate that May will be a good month. The number of new listings increased by 22% but most of them went under contract quickly. The active listings only increases by 2%. The months of inventory now stands at 1.7 months.

Sales: 127
Average Sales Price: $378,040
Median Sales Price: $319,250
Pending Sales: 160
New Listings: 219
Active Listings: 208
Months of Inventory: 1.7

What's My Home Worth?

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

Buyers Say They Need More Lending Info

The lending process is a significant stress factor for home buyers.

Rental Scams That Anyone Can Fall For -- and How to Avoid Them

The rental market is tough enough without having to deal with fake ads and crooks looking to steal your money.

New home sales race to 8-year high, prices soar

New U.S. single-family home sales surged to a more than eight-year high in April and prices hit a record high,

Mortgage Rates Are Low, So Why Isn't Homeownership More Affordable?

The Conundrum of Cheap Money

It’s never been cheaper to borrow money, and that includes home loans. Mortgage rates have been falling all year and are flirting with historic lows.

Monday, May 23, 2016

Homeowners Overestimating the Value of Their Homes

Putting a price tag on a place that is rich with memories can often lead homeowners to think their house is worth more than it is.

Rethinking Your Landscape: Lush Lawns Offer More than Just a Pretty Face

While a lush, healthy lawn will certainly go a long way toward making your neighbors jealous, the benefits don’t end there.

4 Myths That Could Wreak Havoc on Your Move

Here are the four common moving myths that will almost certainly derail you, if you let them. Beware!

Sunday, May 22, 2016

10 Ways to Refresh Your Bedroom in Under 30 Minutes

You spend a huge chunk of your life in your bedroom, but if you're like me, it's one of the rooms you give the least consideration, in terms of decor.

A Mistake All First-Time Decorators Make (and How You Can Avoid It)

I did it. Probably everyone you know has done it. But if you're reading this, and you're currently working on decorating your first home, you can avoid making this classic blunder.

How To Pick The Right Paint Color For Your Walls

Finding the right color for your walls can be one of the more difficult decisions you'll make in your home. What seems like such a simple thing to do on the surface can collapse you into confusion and despair when surrounded by thousands of strips of every color you could ever imagine in varying degrees of saturation.

Saturday, May 21, 2016

The Most Dangerous Colours

Advice From a 19th-Century House Painter

"Beauty has a real existence, independently of any opinion, fancy, or whim," or so argued David Ramsay Hay.

A "Big Change on a Small Budget" Bathroom Makeover

Big Change on a Small Budget

The master bathroom was a huge but neglected space with stained carpet and mismatched and outdated fixtures.

Upgrade Your Kitchen: How to Choose New Countertops, Cabinets, and Floors

The kitchen is the heart of your home and the most important room for most homebuyers. It’s also the most stressful room to try to upgrade or remodel, thanks in large part to the seemingly countless options you have for countertops, cabinets, and flooring materials. Let us walk you through your choices.

FENG SHUI FOR FAMILY: IMPROVE YOUR HOME, IMPROVE YOUR ENERGY

The ancient art of feng shui can help you transform your home from busy and buzzing to calm and serene with some simple decluttering and furniture rearrangement.