employment growth

In Texas, it’s all about jobs, jobs, jobs.

A new report from the Real Estate Center at Texas A&M University says that the Texas economy gained 276,400 nonagricultural jobs from June 2014 to June 2015, an annual growth rate of 2.4 percent, compared with 2.1 percent for the United States. Many of the major metropolitan areas saw much bigger gains, like Midland-Odessa.

Midland ranked first in job creation, followed by Dallas-Plano-Irving, Odessa, Beaumont-Port Arthur, Austin-Round Rock, and San Antonio-New Braunfels. Fort Worth-Arlington ranked No. 7 with 2.7 percent job growth.

In fact, every single Texas metro areas except Wichita Falls had more jobs in June 2015 than one year prior.

Big sectors for job growth were:

  1. Leisure and Hospitality: 5.05 percent growth
  2. Education and health services: 3.87 percent growth
  3. Professional and business services: 3.54 percent growth
  4. Transportation, warehousing and utilities: 3.52 percent growth
  5. Construction: 3.34 percent growth

All these new jobs in the Texas economy were created despite lower oil prices. Real Estate Center research economist Ali Anari says there hasn’t been much impact from dropping oil prices yet. But that could change.

“The oil companies hedged into the future and they have oil contracts, many of them extending to the end of this year,” Anari said. “If there is a downtown, it would not be apparent until next year.”

(more…)

candys dirt_dallas outdoor post
This weekend’s NCAA Final Four is in Arlington, and this major sporting event will bring some national focus and many visitors to the Dallas-Fort Worth area. Since many of these fans and members of the media may be from colder climates, and since spring has officially sprung here in Dallas, we wanted to suggest some outside destinations to consider in between games, or in case (heaven forbid!) their team loses early. Hopefully the weather will provide some opportunity to sneak out.
For these suggestions, we sought out the talented staff at Harold Leidner Landscape Architects  and asked them to provide a list of places they would suggest or that they might take their friends in family when they visit. Here are a few of the sites they suggested:

Property For Rent

We wanted to get some boots-on-the-ground perspective from North Texas Realtors after Forbes named Fort Worth-Arlington and Dallas-Plano-Irving as the top two “best buy cities,” or areas in the U.S. where buying a home is a good investment. Forbes teamed up with Local Market Monitor to measure the “equilibrium home price,” which strips away several layers of market influence such as speculation and the cyclical boom-bust nature of housing.

Fort Worth-Arlington, Tex., and Dallas-Plano-Irving, Tex., top the list of our Best Buy Cities, at No. 1 and No. 2, respectively. Both cities offer homes that would be within reach for middle-class Americans, at $168,383 in Fort Worth-Arlington and $180,645 in greater Dallas. Prices in greater Fort Worth are considered 20% below their actual value, according to Local Market Monitor. Homes in the greater Dallas region are 12% down, so less off, but they are expected to rise more–29%–over the next three years.

For buyers who intend to rent out their homes, the populations in these cities are growing at a healthy clip: from 2009 to 2012, at 4.9% in Fort Worth and 6.1% in Dallas. At that rate, Dallas is tied for the fastest-growing city on the Best Buy Cities list. It’s ranked fifth in terms of job growth, at 3% as of the latest Bureau of Labor Statistics stats.

 

While we do like our reports from Local Market Monitor, which give clear investment outlooks, our major sticking point with broad surveys such as this one is that real estate markets are hyper-local, meaning that West Plano could be having an outstanding year, with tons of price increases and new development, but on the other side of U.S. 75, growth may not be as great. The same holds true for neighborhoods such as Berkeley Place in Fort Worth, where some homes are reaching price peaks never seen before, while northern Fort Worth suburbs may be struggling to break even.

Still, Realtors remain optimistic, pointing to growth across all price points and through many different developments. Condos are up, single-family homes are up, new homes are up, and investment buyers are out of control.

“The fact that Dallas, Plano, and Irving are named as the No. 2 metro area to buy a home for investment in the U.S. is no surprise at all,” says Vivo Realty founder David Maez, who is based in Plano. “Our job market is, and always has been one of the best in the nation. That together with low cost of living, a high percentage of renters, and good schools, it’s an investor’s dream.”

Maez specializes in the northern suburbs of Dallas, where you’ll see tons of single family homes for sale and for rent, in his area, Realtors are noticing tons of activity on MLS for buyers and for renters. Maez is currently working with many investors, both local and out-of-state, all of which are looking to capitalize on the North Texas market.

“In the field we are seeing no more than 10 to 15 days on the market for a good lease, sometimes leasing on the same day. Supplement to that, home prices are also very affordable — you can find an amazing home here for $160K to $200K,” Maez added. “So whether you’re looking to purchase your first home or are a first-time investor looking to pick-up a rental, this is an amazing market to do so.”

 

Rangers Fans After World Series

 

 

(Photo: The Dallas Morning News)

Today’s the home opener for your Texas Rangers. We go as a family every year, but I have to tell you — I hate the drive. I hate driving to Arlington. Interstate 30 is always a parking lot from Arlington to Grand Prairie, sometimes even to Hampton Road. Driving to and from sporting events is a huge nightmare.

Until mass transit to Arlington makes the trip to see our favorite baseball franchise less headache-inducing, perhaps the hubby and I should consider buying a townhome within walking distance to Rangers Ballpark?

Check out a few great options for second homes that are close to clutch in Arlington, Texas, at Second Shelters!

Rangers Fans After World Series

 

 

(Photo: The Dallas Morning News)

Today’s the home opener for your Texas Rangers. We go as a family every year, but I have to tell you — I hate the drive. I hate driving to Arlington. Interstate 30 is always a parking lot from Arlington to Grand Prairie, sometimes even to Hampton Road. Driving to and from sporting events is a huge nightmare.

Until mass transit to Arlington makes the trip to see our favorite baseball franchise less headache-inducing, perhaps the hubby and I should consider buying a townhome within walking distance to Rangers Ballpark?

Check out a few great options for second homes that are close to clutch in Arlington, Texas, at Second Shelters!

This regal home at 3005 Shadow Drive in Arlington is so full of luxury goodies I do not quite know where to begin. What you cannot see from the photos is the vistas it overlooks, the lush landscaping, the proximity to both Cowboys and Rangers stadium. No more game traffic on I-30! What you can see is the intricate detailing and “blow the budget” finish out. Blow the budget they did, and really give all of Arlington a new definition of Georgian luxury.

So you have your dramatic entrance, formals, huge kitchen open to the family room and the breakfast eating area. Oh I have also nicknamed this “Juliet” house because there are so many dang balconies. I think they exist for you to call your husband in from the garage. First floor master suite has gold leaf detailing around the fireplace, built-in cabinetry, a mammoth spa bathroom — do you see all that marble?—  and abundant closet space. Also downstairs: a media room, where it should be so as to not disturb sleepers. This one is wisely placed at the back of the house. Three bedrooms up, all en suite baths, a landing area common room, and a room I think I’d kill for: a craft room/artists’ studio.

All in all, 6405 square feet built in 1995, newly plastered pool, 15 foot tall courtyard wall, hidden doggie run. Oh and you are in Arlington: Tarrant County taxes yeah, Arlington ISD, maybe not so yeah. Asking: $1,425,000. Folks, that’s $222 a square foot.

Let me whet your appetite with one example of the detailing: intricate ceiling in the living room was inspired by the Paris Opera House, no kidding. And talk about cars, Beverly should beam this house over at Park Place: a four-bay garage with ample storage and an adjoining room — ready to be a wine cellar or a gym — and a separate one-car garage with attached bath. Are you getting my drift here? Wine cellar out by the garage, five parking spots, I’d put a bed out there too and loose the husband for days, maybe weeks.

Ah, but he will still bug you for food. “Honey, can you make me a sandwich?” All you have to do is make the damn thing, then go into the pantry in the kitchen broom closet which converts into a dumbwaiter leading into the garage.

I am not kidding.

Worried about hanky-panky out there while you drink wine with the girls? There is surround sound and four security cameras are present along the home’s perimeter. Me, I’d write a fifth and sixth and maybe a few bugs  into the contract– where?

You’ve got it! In those garages!

 

 

I’m taking some classes over at UTA, so I thought I’d throw Arlington some love today. First of all, the house is HUGE. This jewel is 4,627 sq. ft. with 4 bedrooms, 3 bathrooms and 2 half baths, so let’s just say you’ll have plenty of places to hide if you some “me time” away from the fam.

Listed at $725k by Nathan Neely and located inside a gated community with a private pond, pool, cabana AND dry sauna in the master, 2642 Hemingway Ct is like having your own mini resort.

There’s an amazing view onto the property from the living room, but I can’t tell because I’m just too distracted by that enormous Christmas tree. Oh, and the purple couches. Yikes. And if you’re like me and you don’t dig purple or the rest of the color palette from the early 90s, hold on to your hats.

Did I mention this place is beautifully landscaped and has a pond and a sauna?

Despite what the decor is screaming, this home was built in 2002. However, it’s nothing some paint and Z Gallerie can’t fix to bring you back into this decade. It’s been reduced from $799,000 to to $725,00 and is listed on TAD as being valued at $971,800. That’s a steal! So take your savings and go crazy—hire someone to decorate it for you. Meanwhile, you can always enjoy the view or a nice cold Mojito in the suana.

Arlington is buzzing, y’all. Marketed as ground zero for North Texas sports, the biggest of the mid-cities could eventually force us to change from D/FW to D/A/FW.

OK, maybe not exactly. Still, it’s a great location for people who want access to both Dallas and Fort Worth but don’t want to sacrifice shopping and amenities (yes, I’m looking at you, Grand Prairie).

For those who love the location, the proximity to the Rangers Ballpark (and Cowboys Stadium, if you’re into that sort of thing), but still prefer to have some privacy, this home is a home run.

On more than one and a half acres with a private lake, the almost 9,500-square-foot home at 701 Sunrise Court is more like a compound. There are six bedrooms, five full baths and two half baths, a guest house and maid’s quarters, and a pool house, too. If you think that all that space and privacy will cost so much the only house you’ll end up in is the poor house, you’re wrong. This home is priced to move at $1.195 million.

There are tons of high-end finishes with this home, including the eye-catching wood floors. The pattern and style is just gorgeous, and with the simple, clean white walls in the home, the hardwoods become show-stoppers.

The master suite is spacious, and the other bedrooms are sizable — spacious, even — which is what you’d expect in a home this large.

 

I think one of the best features of the house is the wide rear deck, shrouded by cypress trees, that overlooks the private lake. It’s peaceful, serene, and straight out of a Folger’s commercial. It just makes you want to relax, right? Ahhhhhhhh …