A Thought For New Years Eve

A Thought For New Years Eve

Buying and selling a home will become more difficult in 2019

Buying and selling a home will become more difficult in 2019

The forecast outlined what the market will look like for both homebuyers and sellers in 2019:

Realtor.com's 2019 Housing Forecast Is Pretty Interesting

Realtor.com's 2019 Housing Forecast Is Pretty Interesting

Home prices are still expected to rise, though at a much slower rate than we’ve become accustomed to. 

Why Are Mortgages Usually 30 Years Long?

Why Are Mortgages Usually 30 Years Long?

Thirty years was a reasonable estimate of how long people worked, so the mortgage could be paid off before or at retirement

Freddie Mac: Housing market is short 2.5 million units

Freddie Mac: Housing market is short 2.5 million units

Housing inventory will remain a problem for years to come

Trouble in Housing? It’s More 1994 Than 2007.

Trouble in Housing? It’s More 1994 Than 2007.

Housing market softness in the back half of 2018 has investors and the public wondering how bad things might get

Buyers Aren’t Giving Up, But Their House Hunts Are Lasting Longer

Buyers Aren’t Giving Up, But Their House Hunts Are Lasting Longer

Buyers say the biggest delays that are stretching out their home search is they can’t find a home at an affordable price 

CNBC: US housing starts rise; single-family segment remains weak.

CNBC: US housing starts rise; single-family segment remains weak.

Construction of single-family homes fell to a 1½-year low

Frisco Neighborhoods - Dominion at Panther Creek

Frisco Neighborhoods - Dominion at Panther Creek

If you would like to see the current listings and solds in this neighborhood CLICK HERE

2019 mortgage rates forecast from leading housing authorities | Mortgage Rates, Mortgage News and Strategy

2019 mortgage rates forecast from leading housing authorities | Mortgage Rates, Mortgage News and Strategy

It’s not very often that major players across an industry agree, but on this point, almost everyone does.

November home sales dip was even worse in key Dallas, Collin and Denton counties

November home sales dip was even worse in key Dallas, Collin and Denton counties

This year's sales decline in D-FW also is due to a shortage of houses priced at less than $200,000 

McKinney Neighborhoods - Village Park

McKinney Neighborhoods - Village Park

If you would like to see the current listings and solds in this neighborhood CLICK HERE

The Smartest Fall Renovations to Make if You're Planning to Sell Your Home

The Smartest Fall Renovations to Make if You're Planning to Sell Your Home

While some trends carryover, there is some great info here for those who are looking to make some updates to enjoy now, while being able to reap the potential future financial benefits.

Dallas-Fort Worth leads nation in people relocations

Dallas-Fort Worth leads nation in people relocations

So how many new residents is that each day? 

Allen Neighborhoods - Shaddock Park

Allen Neighborhoods - Shaddock Park

If you would like to see the current listings and solds in this neighborhood Click Here

Dallas Area Residential Sales Report for November - Allen TX

Dallas Area Residential Sales Report for November - Allen TX

Celebration Park

Well Allen bucked the trend in November. Sales were up 17%compared to last year. Pending sales however, told a different story off by 20%. not a good sign for December. The average sales price increased 3%. The median sales price rose 2%. New listings jumped 50% while the active listings came in 59% higher. As in other areas we have to remember that these numbers are a comparison to last November when listings were very low. Looking at the months of inventory gives you a better picture of available homes and in now stands at 2.9 months. This is a low number and Allen is well in the seller category.

Sales: 127

Average Sales Price: $372,415

Median Sales Price: $337,000

Pending Sales: 89

New Listings: 123

Active Listings: 303

Months of Inventory: 2.9

Information provided by The Real Estate Center 

MERRY CHRISTMAS!

MERRY CHRISTMAS!

Christmas Eve Thoughts

Christmas Eve Thoughts

Understanding Energy Ratings for Windows and Doors

Understanding Energy Ratings for Windows and Doors

With the high cost of replacement windows and doors, it’s wise to know exactly what you’re getting for your money. 

For Sale - Garland/Richardson Schools

3233 Knights Haven, Garland, TX

Property Web Site

Dire D-FW home market expectations are probably overdone

Dire D-FW home market expectations are probably overdone

As things stand right now, pre-owned home sales in 2018 are virtually tied with the total this time last year.

Dallas moves in as one of most popular relocation destinations in U.S.

Dallas moves in as one of most popular relocation destinations in U.S.

Suburban counties in and around Dallas, Houston, and Austin are proving to offer a great quality of life while still being close enough to the metropolitan neighborhoods

You'll Save Money, and 6 Other DIY Myths You Need to Stop Believing Immediately

You'll Save Money, and 6 Other DIY Myths You Need to Stop Believing Immediately

Have you caught yourself making these assumptions about your DIY project? Set yourself straight before you start swinging the sledgehammer.

A Pet Lovers Guide to Buying a Home

: A Pet Lovers Guide to Buying a Home

If you are thinking about buying a homes, don't forget to think about your pets.

The top places to see Christmas lights in Dallas-Fort Worth

The top places to see Christmas lights in Dallas-Fort Worth

Put on your hat and gloves, fill that thermos with cocoa and pack some cookies. It's time to take in all things twinkly.

10 Things Nobody Tells You About Herbs

10 Things Nobody Tells You About Herbs

Just when you thought you knew everything there is to know, here are 10 things nobody tells you about herbs:

Homebuilder sentiment drops in December to the lowest point in more than 3 years

Homebuilder sentiment drops in December to the lowest point in more than 3 years

This housing slowdown is an early indicator of economic softening, and it is important that builders manage supply-side costs to keep home prices competitive for buyers at different price points,

Single-family home construction tumbles

Single-family home construction tumbles

Each new housing data point is worse than the last, and they are prompting a leading industry analyst to say the market is in a correction.

Dallas Area Residential Sales Report for November - Lake Highlands/NE Dallas

Dallas Area Residential Sales Report for November - Lake Highlands/NE Dallas

The Lake Highlands and NE Dallas area have been experiencing a slow down in sales for several months now and November was no exception. Sales were of by 29% compared to last November.  increased Pending sales came in flat. The average sales price was up 2% while the median sales price fell 1%. New Listings jumped 43% and active listings climbed 24%. these numbers are misleading because last Novembers numbers were very low. A look at the 2.9 months supply of homes on the market is a better indicator of supply.

Sales: 52

Average Sales Price: $406,156

Median Sales Price: $394,000

Pending Sales: 46

New Listings: 70

Active Listings: 168

Months of Inventory: 2.9

Information provided by the Real Estate Center

New housing reports for North Texas are all over the map

New housing reports for North Texas are all over the map

Reading recent reports on the Dallas housing market can make you dizzy.

Dallas-Fort Worth leads nation in people relocations, so how many new residents is that each day?

Dallas-Fort Worth leads nation in people relocations, so how many new residents is that each day?

Even migration is bigger in Texas. 

Dallas Area Residential Sales Report for November - Richardson TX

Dallas Area Residential Sales Report for November - Richardson TX

Richardson experienced a small decline in sales of 6% as compared to last November but the pending sales were up 6%. Sort of a wash. The average sales price was flat while the median sales price increased 4%. New listings climbed 8%. Active listings showed a whopping 45% increase. This is a distortion in the data caused by inventory being very low last November.  A better look at supply is the months of inventory which is now at 2 months. This is a very short supply and buyers are still having a difficult time finding a home that fits their lifestyle.

Sales: 82

Average Sales Price: $329,172

Median Sales Price: $312,500

Pending Sales: 82

New Listings: 106

Active Listings: 183

Months of Inventory: 2

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

Homeowners are seeing the smallest equity gains in two years

Homeowners are seeing the smallest equity gains in two years

All of those areas saw much greater home price appreciation than the rest of the nation and drove the record amounts of overall tappable equity. Those same markets saw home values fall quarter to quarter.

North Texas home sales see biggest slide in seven years

North Texas home sales see biggest slide in seven years

The 1 percent decrease in sales this year is due to the lack of homes on the market below $200,000, not a lack of buyers

5 Kitchen Design Layouts That Can Actually Change Your Life

5 Kitchen Design Layouts That Can Actually Change Your Life

When remodeling a kitchen, deciding on the right design layout is crucial. 

Major Shifts in Interior Space Preferences

Major Shifts in Interior Space Preferences

The typical American household isn’t typical anymore

What Is A Home Inspection And How Do I Hire An Inspector?

What Is A Home Inspection And How Do I Hire An Inspector?

A home inspection is simply an assessment of the home.

Lighting Isn’t Cheap: Here’s How to Do It Right

Lighting Isn’t Cheap: Here’s How to Do It Right

Skilled lighting design may not be the primary part of a renovation, but it shouldn’t be an afterthought. 

This New Kitchen and Bath Trend Is Taking Over Subway Tiles

This New Kitchen and Bath Trend Is Taking Over Subway Tiles

Photo: Jessica Glynn; Styling: Liz Strong; Design: Celerie Kemble and Lindsey Herod

More people seem to be thinking out of the box and turning toward more unique tile patterns.

These Are the 3 Most Popular Colors in Home Decor Right Now, According to Pinterest

These Are the 3 Most Popular Colors in Home Decor Right Now, According to Pinterest

Want to get in on the trend while it's hot? Pick up a paintbrush, and let the hues below inspire you.

U.S. Crackdown on Money Laundering in Real Estate Swells

U.S. Crackdown on Money Laundering in Real Estate Swells

A federal program that aims to root out illicit money flowing into luxury real estate will greatly expand its footprint, targeting hundreds if not thousands more home purchases across the U.S.

Vitruvian Lights: A Magical Night of Lights

Vitruvian Lights: A Magical Night of Lights

 

Photo by Stevan Koye

Vitruvian Park transforms into a magical holiday wonderland during Vitruvian Lights, running through January 1.

Dallas Area Residential Sales Report for November - Far North Dallas

Dallas Area Residential Sales Report for November - Far North Dallas

Sales in November were down 10% as compared to last November. However, pending sales came in up 11%. The average sales price rose 8% and the median sales price climbed 6%. There was a large increase of 22% in the new listings puling the active listings up 23%. Months of inventory increased to 3.1 months. This is still well short of the 6  months considered a balanced market.

Sales: 69
Average Sales Price: $516,251
Median Sales Price: $425,000
Pending Sales: 82
New Listings: 105
Active Listings: 259
Months of Inventory: 3.1

Information provided by The Real Estate Center

Dallas Arboretum and Botanical Garden presents Holiday at the Arboretum

Dallas Arboretum and Botanical Garden presents Holiday at the Arboretum

Photo courtesy of Dallas Arboretum and Botanical Garden

Stroll through the garden and see the Victorian-style gazebos come to life, featuring each scene from the traditional carol, The 12 Days of Christmas. 

Ronald McDonald House of Dallas presents The Trains at NorthPark

Ronald McDonald House of Dallas presents The Trains at NorthPark

Photo courtesy of Bank of Texas

Each year, the beloved holiday experience welcomes more than 70,000, and has helped raise more than $13 million for RMHD since its original run in 1987.

Good Local Markets

Good Local Markets

Photo courtesy of Good Local Markets

Vendors offer produce, artisanal foods and handcrafted goods, all grown or made within 150 miles of Dallas.

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Downtown Dallas Inc. presents Unbranded: Downtown’s Holiday Pop Up Shop

Downtown Dallas Inc. presents Unbranded: Downtown’s Holiday Pop Up Shop

Photo courtesy of Downtown Dallas Inc.

Unbranded will provide free retail and event space to a curated group of entrepreneurs, designers, photographers, artists, chefs, and more.

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Texas Winds Musical Outreach presents Holiday Concert

Texas Winds Musical Outreach presents Holiday Concert

Texas Winds Musical Outreach engages, comforts and celebrates the spirits of isolated seniors, hospital patients, veterans and children in North Texas through live, professional musical performances.

Dallas' is one of top 10 U.S. markets hit with a housing slowdown

Dallas' is one of top 10 U.S. markets hit with a housing slowdown

It's no secret that Dallas' home market has a winter chill.

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Dallas Area Residential Sales Report for November - North Dallas

Dallas Area Residential Sales Report for November - North Dallas

Sales in north Dallas remained positive in November as as hi dollar buyers purchased homes, sales were up 6% while pending sales rose 12%. Looks like North Dallas will experience positive sales numbers for December. The average sales price  jumped 24%. The median sales price fell 13%. There was one sales for $18,000,000 that is screwing up these averages. New listings climbed 10%. Active listings declined 3%. The months of inventory is now at 5.1 months. Very close to a balanced market.

Sales: 53
Average Sales Price: $1,629,491
Median Sales Price: $1,019,000
Pending Sales: 56
New Listings: 68
Active Listings: 296
Months of Inventory: 5.1

Information provided by The Real Estate Center

The top places to see Christmas lights in Dallas-Fort Worth

The top places to see Christmas lights in Dallas-Fort Worth

Put on your hat and gloves, fill that thermos with cocoa and pack some cookies. It's time to take in all things twinkly.