Dallas Area Residential Real Estate Report

Thursday, July 23, 2015

Dallas Farmers Market presents Evening in the Shed

http://dallas.culturemap.com/eventdetail/dallas-farmers-market-presents-evening-shed/69624/

Every Thursday, the Dallas Farmers Market hosts Evening in the Shed, a chance to shop artisan food vendors, feast from food trucks, sample beer and wine, listen to great music and do arts and crafts

1 in 4 Americans say this is the best investment

http://www.cnbc.com/id/102851897

Last decade's housing bubble is becoming a distant memory. Mortgage rates are near historic lows, interest-only loans are back and everyone loves real estate as an investment again.

Leading indicators jump past expectations in June

http://www.cnbc.com/id/102858115

An indicator of U.S. economic activity jumped in June, widely surpassing analyst expectations and suggesting a stronger economic outlook.

Eisemann Center releases diverse 2015-16 schedule

http://www.dallasnews.com/news/community-news/richardson-lake-highlands/headlines/20150722-community-leader-eisemann-center-releases-diverse-2015-16-schedule.ece

Area residents don’t have to travel far to see live, national- and world-renowned entertainment thanks to Richardson’s Eisemann Center, conveniently located near U.S. Highway 75 and President George Bush Turnpike.

McKinney, TX Residential Sales Report for June

Single-Family:

Sales were flat in June as compared to last year. The average sales price increased 14% as did the median sales price. Pending sales experienced a 23% decline. not sure why this occurred. The number of new listings fell 18% and the active listings dropped 18%. The months of inventory declined to 1.4 months.

Sales: 299

Average Sales Price: $308,114

Median Sales Price: $277,000

Pending Sales: 214

New Listings: 303

Active Listings: 318

Months of Inventory: 1.4

Leases:

Leases declined by 14%. The average rent rose 9% and the median rent was up by 6%. Pending leases jumped 103%. The number of new listings dropped by 3% and the active listings fell by 23%. The months of inventory declined to 0.9 months.

Leases: 114

Average Rent: 1,812

Median Rent: $1,700

Pending Leases: 69

New Listings: 138

Active Listings: 77

Months of Inventory: 0.9

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

Wednesday, July 22, 2015

5 Reasons to Hire a Real Estate Professional Today!

http://flip.it/vPCPD

Whether you are buying or selling a home, it can be quite an adventurous journey. You need an experienced Real Estate Professional to lead you to your ultimate goal. In this world of instant gratification and internet searches, many sellers think that they can For Sale by Owner or FSBO.

Chaotic Moon sells to Accenture, still has big plans for Big D

http://bizbeatblog.dallasnews.com/2015/07/chaotic-moon-sells-to-accenture-still-has-big-plans-for-big-d.html/

Chaotic Moon, an Austin tech company with big plans for Dallas, has been sold to consulting giant Accenture, the companies said this morning. Terms were not disclosed.

The deal could be a boon for Dallas, because it will accelerate Chaotic Moon’s plans for a major office here and introduce the company to Accenture’s many local clients. Chaotic Moon is already hiring tech workers in Dallas and plans to ramp up to 250 employees within three years

Still time to pick your own blueberries or Head to Your Local Farmers Market

http://www.dallasnews.com/lifestyles/food-wine/food-wine-headlines/20150721-still-time-to-pick-your-own-blueberries.ece

The quirky weather has had another unintended consequence: a late, extended blueberry season.

In addition to farmers markets and stores, find Texas blueberries at several East Texas pick-your-own locations through this weekend. Some will be open through Aug. 2.

US existing home sales near 8½-year high

http://www.cnbc.com/id/102854272

U.S. home resales rose in June to their highest level in nearly 8-1/2 years, a sign of pent-up demand that should buoy the housing market recovery and overall economy.

Where is it great to be a first-time homebuyer? All over North Texas

http://dallas.culturemap.com/news/real-estate/07-21-15-best-cities-first-time-homebuyers-north-texas/

As anyone looking for a house in Dallas-Fort Worth right now can tell you, the real estate market here is red hot. And according to a new study by WalletHub, the suburbs surrounding Dallas are some of the best cities in the country for first-time buyers.

In fact, North Texas nabbed five of the top 10 slots and nine of the top 20: Allen ranks No. 2, followed by Frisco (5), Plano (6), Carrollton (7), McKinney (8), Grand Prairie (11), Richardson (12), Garland (17) and Arlington (20).

Tuesday, July 21, 2015

If You’re Watching Mortgage Rates, Just Ignore the Fed

http://www.realtor.com/news/trends/if-youre-watching-mortgage-rates-just-ignore-the-fed/?identityID=5861879&MID=2015_0717_WeeklyNL&RID=274666862&cid=eml-2015-0717-WeeklyNL-blog_2_mortgage_rates-blogs_finance

We’ve been on a bit of a roller-coaster ride in the international financial markets since the last week in June. There was the Greek default crisis—and a last-minute compromise! The Chinese stock market plunge—then apparent stabilization!