Graphic: Realtor.com

Graphic: Realtor.com

Riding on the tail of Leah Shafer’s post yesterday on the past year in Texas real estate, today Realtor.com released its predictions detailing predictions for 2015. In their top 10 list of real estate markets to watch for next year Dallas-Fort Worth is expected to make big gains.

So, why is Dallas-Fort Worth slated to have a breakout year in 2015, with sales volume forecasted to increase by 7 percent? According to Realtor.com, it’s because the first-time homebuyer is back in a big way.

“The growth expected in 2015 is widespread, but as we put together our forecast, ten local markets stood out as especially primed and ready for significant acceleration across housing metrics in 2015,” said Jonathan Smoke, Realtor.com’s chief economist. “The markets on this list range from big cities with older housing stock, big and mid-size cities with substantial levels of new construction, and up and coming markets appealing to young professionals for their job growth and high affordability.”

(more…)

Photo courtesy of Ray Bodden

Photo courtesy of Ray Bodden through a Creative Commons license

Texas is the place to be for economic prosperity and job growth, which in turn has made our real estate market one of the best in the nation, according to the 2014 Texas Annual Housing Report, released this week by the Texas Association of Realtors.

Nearly every area of real estate in the Lone Star State continues to get bigger and better, some of it astoundingly so, the report shows. Most notably, growth has happened in luxury home sales, international home buying, relocation activity, condominium sales, and remodeling trends.

“It’s a great time to live in Texas. The high demand for Texas real estate is not being fueled by speculation and investment activity—it’s driven by the thousands of people who move to the Lone Star State daily,” said Dan Hatfield, chairman of the Texas Association of Realtors. “People are moving to Texas from across America and around the world to take part in our state’s booming economy, business-friendly environment, and quality of life.” (more…)

The Beat Condos Ext

Modern and affordable, Buzz Lofts in the southern Dallas neighborhood of The Cedars are a popular choice for those who want loft living south of downtown Dallas.

Condos are hot and getting hotter, according to the Texas Condominium Mid-Year Sales Report from the Texas Association of Realtors. Statewide, condo sales rose an average of 10.5 percent year-over-year between the months of January and May of 2014. In San Antonio condo sales were up 18 percent, followed by Austin at 14 percent, Houston at 6 percent and Dallas at 4 percent.

(more…)

DFW Metro Area Atlantic Cities Map

 

Here’s my question to all you sharp Realtors: Does this piece by The Atlantic Cities tell us anything we don’t already know?

Through much of the piece, I was reading sentence after sentence and saying to myself “OK, and … ?” I was looking for a conclusion that was new and eye-opening, something enlightening. I didn’t get one.

You might be able to draw a parallel between the recovery of the Dallas housing market and the purple blobs on the above map. I would say that we’re seeing much of Dallas’ growth in the northern suburbs, parts of the White Rock Lake area, and the ritzier neighborhoods of Oak Cliff. The story does mention Oak Cliff as an island of wealth in an otherwise economically depressed area, but even Oak Cliff has so many varied neighborhoods that the story loses real local perspective, and even neglects to mention Kessler Park altogether.

There is mention of the new West Dallas development, Trinity Groves, but it’s a superficial glazing-over of the project and it’s broader influence on surrounding residential neighborhoods like La Bajada.

The truth is that we’ve been talking about this class divide, which is better referred to as an income divide, for years. In fact, the Editorial Board of The Dallas Morning News started a project about five years ago called “Bridging Dallas’ North-South Gap.” The project has helped bring new light to neighborhoods facing institutional neglect. It puts a face, not numbers, on the divide.

In that way, I think that while this Atlantic Cities piece might be informative to a broader, national audience, all it gives North Texans is a map showing class divisions that aren’t practical (since when is an everyday scribe in the same class as a lawyer or doctor?).

What do you think?

DFW Metro Area Atlantic Cities Map

 

Here’s my question to all you sharp Realtors: Does this piece by The Atlantic Cities tell us anything we don’t already know?

Through much of the piece, I was reading sentence after sentence and saying to myself “OK, and … ?” I was looking for a conclusion that was new and eye-opening, something enlightening. I didn’t get one.

You might be able to draw a parallel between the recovery of the Dallas housing market and the purple blobs on the above map. I would say that we’re seeing much of Dallas’ growth in the northern suburbs, parts of the White Rock Lake area, and the ritzier neighborhoods of Oak Cliff. The story does mention Oak Cliff as an island of wealth in an otherwise economically depressed area, but even Oak Cliff has so many varied neighborhoods that the story loses real local perspective, and even neglects to mention Kessler Park altogether.

There is mention of the new West Dallas development, Trinity Groves, but it’s a superficial glazing-over of the project and it’s broader influence on surrounding residential neighborhoods like La Bajada.

The truth is that we’ve been talking about this class divide, which is better referred to as an income divide, for years. In fact, the Editorial Board of The Dallas Morning News started a project about five years ago called “Bridging Dallas’ North-South Gap.” The project has helped bring new light to neighborhoods facing institutional neglect. It puts a face, not numbers, on the divide.

In that way, I think that while this Atlantic Cities piece might be informative to a broader, national audience, all it gives North Texans is a map showing class divisions that aren’t practical (since when is an everyday scribe in the same class as a lawyer or doctor?).

What do you think?

ClubLocal_ipad-photos1Spring is trying to tease us here in Dallas. Great 60 degree days, then whamo, freezing cold nights. And the Dallas housing market is really gearing up. In case you haven’t heard, we are almost a Seller’s market! That means it’s time to get your home ready to sell even if you plan on staying put!

bad chimney bad home inspection photoAnd ClubLocal is here to help. So many people ask me for names of great homes services companies — electricians, plumbers. Now I don’t need a Rolodex, I just say “Club Local”. Just like Equinox prepares us for bikini season (um, cough), ClubLocal is preparing homes for sale. Or spring.

Think of ClubLocal as a fitness trainer for your home.

Garbage-Can-Sinks-274x300 bad home inspection photo -fanAs a real estate blogger, homeowner and previous times five seller, I realize the task list to get a home ready for market can be daunting. It’s clearly the least fun thing about selling a home, well, next to actually moving. So why…why put yourself through the headache and hassle of Googling/Angieslisting/Askingeveryoneyouknow when there’s a one stop shop for everything you need?

ClubLocal’s got it all!

For example:

  • Home Inspection: Home Inspection, of course, the first step before selling a home, and prevents unpleasant surprises! Savvy sellers go ahead and spring (pardon my pun) for a home inspection prior to listing so buyers won’t have any surprises. Helps with realistic pricing, too.
  • Cleaning: Window cleaning, pressure washing (sidewalk, pool, driveways & houses), carpet cleaning (a MUST if there are pets) & house cleaning gets a house spic and span. Show me a home on the market with dirty windows, I’ll show you a home that will be listed ’till the cows come home.
  • Handymen & Electricians: Hire a handyman to hang curtain rods, install doors or patch up drywall.  Ha — hire him to hang pictures in front of a rough area! Electricians can install lights & ceiling fans or just make sure all outlets and light switches are behaving properly.
  • Are those three-pronged switches really grounded or are we trying to fool somebody? True story: we just looked at a house for my daughter, and all the outlets were three-pronged, or grounded on the wall. Not true, said the electrician inspector: 27 misleading outlets were not properly wired to be grounded. It is imperative, imperative to have a pre-owned home’s electrical system checked out thoroughly!

What say? You are not selling. It never hurts to get a jump-start on your spring cleaning and house tune-up! Besides, with the market this frenetic, you’ll get the “Let’s Move” bug up your bonnet soon, very soon.

Happy Spring, Dallas!