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August
8

Dallas Biking Trails

When our real estate agents are asked why they recommend moving to the Dallas-Fort Worth area, they often mention the region's outdoor amenities. The DFW has so many lovely natural areas where you can enjoy wildlife and beautiful plants. One of the best ways to enjoy these natural areas is by riding a bike. Whether you're a casual bike rider or a more serious cyclist, here are some of the top DFW bike trails to visit.

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August
1

DFW Local Markets

No matter whether you prefer Dallas homes for sale or Fort Worth homes for sale, the Dallas-Fort Worth area is full of fun and surprises for the whole family. Local businesses bring lots of character to the DFW, and markets – from swap meets to farmers markets – go on every day of the week.

You'll never have to go far to have an exciting time looking for unique treasures. From the big cities to the small suburbs, communities make plenty of space for local markets. In fact, there are so many options you may not even know where to start.

Let's visit just a few of the DFW's fascinating markets perfect for shopping local:

  • Third Friday Market at The Sound – 3111 Olympus Boulevard, Dallas, TX 75019
    Third Friday Market at The Sound takes place monthly on the 1st between April 1 and October 1. With a beautiful lakeside view from The Sound at Cypress Waters, you can browse local vendor stalls or enjoy live music out under the stars. When shopping is done, take a leisurely stroll and explore the six dynamic restaurants, lakeside amphitheater, spacious dog park, and the carefully kept jogging trails.

  • Hop & Sting Art Market – 906 Jean Street, Grapevine, TX 76051
    Sponsored by Hop & Sting Brewery, Hop & Sting Art Market attracts about 50 vendors, including artists, artisans, local food trucks, and many more. Friendly for the whole family, including your four-legged companions, the action takes place between noon and 6 p.m. on August 20. Homemade and vintage items will be available, with vendors receiving 100% of their sales and all fees going to a nonprofit.

  • Dallas Farmers Market – 920 South Harwood, Dallas, TX 75201
    Dallas Farmers Market is lively and energetic – no matter how many times you've been there, there's always something new to discover. That could be live music, demonstrations from leading local chefs, and much more. Two special event venues are on call for you to rent at The Shed and Market. And you can take advantage of happy hour specials from more than a dozen local restaurants that share the space.

  • North Richland Hills Farmers Market – 7700 Davis Boulevard, North Richland Hills, TX 76180
    For an authentic farmers market experience not far from North Richland homes for sale, you can't go wrong with North Richland Hills Farmers Market. Here, the customer comes first. Visitors and vendors alike work together to celebrate the fresh, bountiful produce directly from the surroundings of North Richland Hills. Purchasing local helps support businesses and families from right in the area.

  • Grand Prairie Farmers Market – 120 West Main Street, Grand Prairie, TX 75050
    Grand Prairie Farmers Market has a little bit of everything for fresh produce aficionados, farm store fans, and the whole family. Just down the street from some of the most desirable Grand Prairie homes for sale, you will find an active and growing farmers market. The GPFM is lauded for having new events almost every week, such as the delicious annual Ice Cream Challenge for Charity.

Our real estate agents know there are plenty of places in the area for local shopping. It's one of the many perks of living in the area! 

Contact us to find out more about Dallas-Fort Worth today.

July
18

Dallas Arts

Dallas is a city with many different sides. It's a tech hub, a foodie paradise, and a gateway to the Wild West. It's also one of the great cultural cities in Texas, and our real estate agents never cease to be amazed by Dallas' vibrant art scene. 

The Dallas Arts District is at the heart of that scene. Located in Downtown Dallas, it's the largest arts district in the United States. From museums and art galleries to world-class restaurants and live music venues, there's always something fresh waiting to be discovered. Be sure to check out these attractions in the Dallas Arts District!

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July
11

Farm to Table Dallas Restaurants

Summer in Texas brings a bounty of fresh fruits and vegetables. Our real estate agents love the healthy, seasonal dishes at these wonderful farm-to-table restaurants around Dallas homes for sale

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July
5

House Hunting Tips

Finding the perfect home is a challenging endeavor under normal circumstances, but searching for a home in a different city or state might seem impossible. Coordinating the purchase of a lifetime from several hundred miles away can seem like a daunting task.

While long-distance house hunting can pose challenges, our real estate agents want you to know that it's not as difficult as it seems. In today's world, with easily accessible online listings and the ability to conduct virtual tours, it's actually never been easier. Here are some tips on how to make your long-distance home search a success:

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June
20

Kitchen tips

A beautiful, functional kitchen is one of the home's greatest assets. If you love cooking or wining and dining company on the weekends, investing in the kitchen is a great way to wow your guests.

Cooking just happens to be one of our favorite hobbies, and our real estate agents are always investing in the latest and greatest kitchen gadgets. But what kitchen gadgets will you actually utilize, and which ones will just collect dust? If you're looking to enhance your cooking skills or just make things more convenient, here are some of the best gadgets to add to your kitchen:

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June
15

Home prices in Dallas-Fort Worth rose a record 30.7% year over year in March, according to the latest report from the S&P CoreLogic Case-Shiller Index

Rapid Home price growth in North Texas and in cities nationwide continued to break records at the start of the year, but economists expect the market could change its tune in the months ahead.  Home prices in Dallas-Fort Worth rose a record 30.7% year over year in March while national prices grew 20.6%, according to the latest report from the S&P CoreLogic Case-Shiller Index.   "Demand for homes has stubbornly kept ahead of supply this spring, even in the face of rapidly rising costs," said Dan Handy, an economic data analyst for Zillow. "This imbalance between supply and demand for homes this spring has been the key driver in home price growth that continues to set records month after month."  The index compares sales price changes of specific properties over time. Case-Shiller's price estimate is considered more accurate than MLS home sales data which can be influenced by the type of properties that are selling each month.  

Economists predict the rapid price growth could finally begin to slow in the coming months as buyer demand is softened by affordability challenges.  "Mortgage costs are more than 50% higher than they were a year ago, and prospective buyers will likely start to rethink what they can afford," Handy said. "Sellers may already be responding, with the rate of price cuts now on the rise, to meet buyers where they are. Price growth will likely begin to come back towards earth as many buyers are priced out and inventory rises."  Dallas-Fort Worth home showings were down 9% year over year in April and 11% since March, according to ShowingTime.

  • Dallas Morning News, May 31, 2022
June
13

DFW Summer

The Dallas-Fort Worth area is fun in every season, but during the summer months, the area is filled with summer events and activities to keep your family's calendar full! Our real estate agents love to spend their off-time at these entertaining places.

  • Shakespeare in the Park - Samuell-Grand Park, 6200 E. Grand Ave., Dallas, TX 75201
    Celebrate 50 years of incredible theater productions at Shakespeare in the Park, held right down the street from Dallas homes for sale. In 1972, Shakespeare Dallas began with Bob Glenn's one-man production of Hamlet. Today, the organization offers summer camps, a book club and podcast, and seasonal outdoor stagings of Shakespeare's classics. This summer's schedule features A Midsummer Night's Dream and The Tempest, running from mid-June through late July. Visit the website for dates, times, and prices.

  • Fort Worth Nature Center & Refuge - 9601 Fossil Ridge Rd., Fort Worth, TX 76135
    Just minutes from Fort Worth homes for sale, experience Texas as it was over a century ago. Fort Worth Nature Center & Refuge spans more than 3,500 acres of forests, prairies, and wetlands that remain unchanged. More than 20 miles of trails provide a wonderful opportunity to view the varied landscape, along with birds and wildlife that live on the grounds. The pet-friendly center also has a canoe launch, so you can explore Lake Worth. Admission is $6 for adults, $2 for ages 3-12, and $1 for leashed dogs. Hours are 7 a.m. - 5 p.m. daily.

  • Trinity River National Water Trail - Moore Park, 1900 E. 8th St., Dallas, TX 75203
    Want an eco-friendly way to tour the DFW metroplex? Despite its 130-mile length, traveling through nine cities and three counties, the Trinity River National Water Trail is considered a hidden natural gem. Canoe, kayak, or paddleboard along waterways. The trail is flanked by hiking/biking trails and offers access to five learning centers and more than 50 parks and nature preserves. With 21 launch sites, it's easy to enter the trail no matter which direction you come from.

  • NRH2O - 9001 Blvd. 26, North Richland Hills, TX 76180
    NRH2O, the first municipal water park in Texas, is still going strong after more than 25 years near North Richland Hills homes for sale. First and foremost among the 23 attractions is the Green Extreme, the country's longest uphill water roller coaster at a thrilling 1,100 feet. Chill out lying on the white sand beach of Beachside Bay or floating along the Endless River. Several food stands throughout the park offer classic summertime fare, from hot dogs and cheeseburgers to funnel cakes and Dippin' Dots. Visit the website for schedule and prices.

  • Frisco RoughRiders - Riders Field, 7300 Roughriders Trl., Frisco, TX 75034
    The Frisco RoughRiders is a Double-A affiliate of MLB's Texas Rangers and is one of the hottest teams in the Texas League, currently leading the South division. In addition to great baseball, RoughRider games feature family-friendly promotions such as Kids Sunday Funday, Texas Baseball Legends Wednesday, and Fireworks Friday. Why not catch a game after a day of viewing Frisco homes for sale? Tickets range from $11-$21. Visit the website for the schedule. 

Fun is in season all year long. For friendly and experienced help buying or selling a home, contact us at RE/MAX DFW Associates.

June
4

Local housing supply is beginning to loosen, Realtor.com indicates

Dallas-Fort Worth is seeing a dramatic increase in homes up for sale over the last few weeks as many sellers look to take advantage of the market while it's still red hot.   The number of active home listings last week spiked 41.6% from a year prior, the fifth consecutive week of gains, according to Realtor.com. Until April, the company posted supply declines in D-FW every week since March 2020.

The region saw the highest annual growth for any week on record since the company began tracking this figure in 2017.

New listings in D-FW rose 32.4% last week, signaling a huge influx of sellers putting homes on the market as summer approaches.  "Sellers have been hearing for about two years what an amazing time it is for them to sell ... and they've seen their equity just grow like crazy," said Mike Reddell, senior executive vice president and managing director for Douglas Elliman Real Estate in Dallas. "With the stock market being wobbly and mortgage rates rising, I think sellers that have been thinking about this for a while, more of them are pulling the trigger and putting the house up for sale."

Reddell said if he were in a position to sell his house, he would do it right now.

Redfin reported May 15 that new listings throughout the U.S. climbed nearly twice as quickly as they did at the same time last year.   "Rising mortgage rates have caused the housing market to shift, and now home sellers are in a hurry to find a buyer before demand weakens further," Daryl Fairweather, chief economist for Redfin, said in a statement.

Mark Wolfe, broker and owner of RE/MAX DFW Associates, said he has seen a significant spike in listings over the past few months. In his home city of Coppell, he said, there would have been only about five or six homes on the market at any one time a few months ago. In just five days last week, he said, 21 homes went up for sale.  "We've been a boom economy, and now with the economy showing signs of trouble, people want to still get the most for their dollar while they can if they think that the prices might go down," Wolfe said. "I don't know if that's going to happen. I doubt that's going to happen."

The market is nowhere near balanced between buyers and sellers. Dallas-Fort Worth had just under a month of home supply in April, according to the Texas Real Estate Research Center at Texas A&M University. A balanced market would have about six months' worth of inventory.   The competitive pressures have sustained high price growth over the past few months. The median home in April sold for $425,576, up 25% from a year earlier. The number of sales in April was down 7% from a year ago, but the dollar volume increased 13% to $4.2 billion.

Rising mortgage rates combined with record-high home prices have drastically increased the monthly cost of buying a home. Homebuilders have also noticed demand cool down through the past few months.  "We've been in an unrealistic market for two years, and we're probably headed back to a normal market," Wolfe said. "It might be nice to just have a healthy even market. I'm hopeful that's what we're going to go into."

  • Dallas Morning News, May 31, 2022
June
6

DFW Baseball

Catching a baseball game is a fun family summer evening activity, and Frisco just happens to be home to one of the best ballparks in Minor League Baseball.

Head on over to Riders Park where you can watch the Frisco RoughRiders, a double-A affiliate of the Texas Rangers, compete in the Texas League. Our real estate agents love heading out to the park, grabbing some peanuts, and relaxing on a warm summer night. It's super easy to do because the park is just a short drive from some beautiful Dallas homes for sale.

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May
16

Dallas Dining

What could be better than a meal with a view? Some of the area's best, trendiest restaurants offer rooftop dining experiences that you won't want to miss, with fantastic views of the city skylines and outstanding food to match. All that's left is to pick your destination and make a reservation. Our real estate agents have the delicious details on some of the best places throughout the DFW for rooftop dining.

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May
2

DFW Brisket

DFW is known for serving up some of the best barbecue in the entire country, and May is the perfect time to explore what local restaurants have to offer. That's because May is National Barbecue Month, a celebration of all things smoked, grilled, or covered in barbecue sauce. So why not sample some brisket, DFW-style, in honor of National Barbecue Month? Our real estate agents have the details on some of the best restaurants for brisket and barbecue.

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April
18

Baking Updates

Do you love baking but wish your kitchen was more functional for your culinary needs? Or, do you want to create a space that makes it easier for you to bake your favorite dishes?

By making a few simple changes to your kitchen, you can improve the functionality and efficiency of your kitchen. Our real estate agents know that many of these projects will make your home more appealing to potential buyers.

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April
11

DFW Garden

Will April showers be bringing May flowers to your yard? Our real estate agents may not have green thumbs, but they have beautiful lawns and gardens thanks to help from these great gardening stores and greenhouses around Dallas homes for sale.

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March
21

DFW Moving Tips

Depending on how much stuff you own and how far you're moving, moving expenses can add up quickly. Our real estate agents know that many individuals feel financially unprepared because they underestimated their moving costs. When calculating your moving budget, here are a few moving expenses to account for. 

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March
14

Kid-friendly places

Want to plan some outings that you and your kids can both enjoy? The DFW is full of family-friendly activities that are entertaining and educational. Our real estate agents love spending quality time with their families at these great spots around the Dallas-Fort Worth area.

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March
7

St Patrick's Day

St. Patrick's Day is coming right up on March 17. It's a holiday that brings a wealth of enjoyable annual events to the Dallas-Fort Worth area. 

If you're looking for a way to have fun and get your blood pumping this March, be sure to check out one of these great St. Patrick's Day festivals, 5ks, races, and runs in DFW!

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February
21

Vertical Garden Tips

Limited on yard space? Consider building your garden "up" instead of "out" this spring.

Vertical gardens are a beautiful touch to any home, and they're very much in style this year. Vertical gardens consist of greenery suspended to a vertical wall, frame, or panel. Think of an ivy wall but with a wide assortment of plants. There are also super easy to build and maintain and can give your exterior a unique appeal. Some of our favorite Dallas homes for sale have had well-maintained vertical gardens that really impressed buyers.

Our real estate agents love exterior design trends that include vertical gardens, so they offered to pull together some tips to help you with yours this spring:

  1. Choose The Right Location
    Location is everything when it comes to a vertical garden. You'll want to choose a wall that is not only accessible but also receives a significant amount of sunlight. If you have a wall that could use a makeover, a vertical garden could also be a good way to conceal blemishes.
     
  2. Create A Sturdy Frame
    Your vertical garden needs to consist of a strong frame that can support pots, planters, or other soil containers. However, your garden is only as durable as the frame you select. Use thick, strong wood or even PVC pipe. Flimsy, thin pieces of wood or loose wire can lead to chaos when strong winds or storms roll in. Your structure also needs to be strong enough to support the weight of your plants.

  3. Protect Your Wall And Foundation
    Your vertical garden is going to need to be watered frequently, so it's important to take the necessary steps to protect your outer wall. Attaching a protective backing layer allows you to protect your building from any damage caused by ongoing water exposure. Also, consider adding a pooling tray to the bottom of your vertical garden. This will prevent water from pooling near the foundation of your home.

  4. Choose The Right Plants
    Not all plants are suited for a vertical garden. Since you're building up, you'll be limited on soil depth. Consequently, you'll need to choose plants with shallow roots. Aim for plants with roots that don't exceed 6 inches beneath the surface. Leafy vegetables and most popular flowers will work well.

  5. Give Your Plants Support
    Many plants don't grow vertically on their own, so they'll need a bit of extra support. Use fasteners, clips, and stakes to help keep your plants growing upward. This will be critical to keeping your plants healthy and your garden looking good.

  6. Choose The Right Watering System
    Watering a vertical garden can be a bit difficult, as gravity pulls water to the ground before it has a chance to soak into the roots. Consequently, you may need to water your vertical garden more frequently. Using a hose or a sprinkler system will work; however, a drip irrigation system will help evenly distribute water across the soil and provide the water a better chance of soaking into the soil.

  7. Prune Often
    Like any garden, your plants are going to need regular maintenance and upkeep. Vertical gardens often don't receive the same amount of sunlight as a horizontal garden, so it's important to keep adequate space between your plants and prune and trim regularly.

If you're looking to make your home stand out among these beautiful Fort Worth homes for sale, a vertical garden is a great addition to your exterior. For more landscaping tips, contact us today.

February
14

Dallas-Fort Worth

When it comes to long-distance travel, airplanes have replaced trains in convenience and popularity. Fortunately, many of the former train routes have been repurposed as these great hiking and biking rail trails around the DFW, and our real estate agents love to explore them. Take in the beautiful Texas scenery when you plan a hike on these Dallas-Fort Worth rail trails.

  • Katy Trail
    While the Katy Trail spans just 3.5 miles near Dallas homes for sale, its beauty and proximity draws more than 1.5 million visits each year. Established in 2000, the trail traces the line once used by the Missouri-Kansas-Texas Railroad, commonly referred to as the K-T. More than 125 acres of local parks can be accessed using the pet-friendly trail, which is also the site of an annual 5K race. The Katy Trail Art initiative recently completed its first installation, a series of five sculptures suspended from trees. Hours are 5 a.m. - midnight daily.

  • Santa Fe Trail
    Echoes of the Wild West past of Texas can be heard in the name of the Santa Fe Trail. The 4.3-mile route uses a corridor once belonging to the railroad of the same name. Bring Fido along to catch waterfront views of White Rock Lake at one end, with the vibrant neighborhoods of Deep Ellum and Fair Park at the other end. The Santa Fe also makes up part of the route for the Dallas Marathon, regarded as one of the top long-distance races in the country. Friends of Santa Fe Trail is a non-profit group that supports the trail through fundraising, enhancements, and maintenance. 

  • Chaparral Rail Trail
    History is embedded in the 35-mile span of the Chaparral Rail Trail. Starting in the quaintly-named town of Farmersville, the trailhead is named for Audie Murphy, the iconic WWII hero who once made his home here. Nearby is the Historic Onion Shed, a restored building dating back to the 1930s. The path is a mix of pavement and gravel, and the trail is a favorite spot for geocaching. Outside the city, there are many stretches of undeveloped land, creating a lovely background that makes this trail a favorite. 

  • A-train Rail Trail
    In a twist on rail trails, rails-with-trails are active railroad corridors with adjacent paths for hiking and biking. The 19-mile A-train Rail Trail connects the Dallas suburbs of Denton and Lewisville with a commuter line as well as a multipurpose path for non-motorized travel. Spend a day with the family hiking the trail and visiting Lewisville's Railroad Park, which includes three man-made lakes, an off-leash dog park, and outdoor fitness equipment.

When you live in the DFW, every day can be an adventure. Thinking about moving to the area and starting your own new adventure? If you're looking at Fort Worth homes for sale, contact us at RE/MAX DFW Associates for friendly and knowledgeable help.

February
7

DFW Cooking Classes

If you feel like you've done it all, our real estate agents have a new date night suggestion for you: Cooking classes!

Cooking classes are both fun and functional. You'll learn to create wholesome, satisfying meals that can save you plenty of money. At the same time, you'll share a unique experience that might just give you a new favorite thing to do together. Maybe your next date includes cooking the dinner of your dreams!

No matter whether you're looking at Dallas homes for sale or down the road at Fort Worth homes for sale, there are plenty of cooking classes to browse. Virtual or in-person options are both available, so you can choose to have date night in the comfort of your own kitchen if you prefer.

Here's a taste of some of the leading local brands for local cooking classes:

  • The Village Culinary Lab – 6130 Greenville Avenue Suite #102, Dallas, TX 75206
    The Village Culinary Lab is one of the first and most beloved places for cooking classes in Dallas. It always has a range of classes for both beginner and intermediate chefs, including seasonal events such as "Holly Jolly Cooking." The roster of classes changes every three months, so there is always something new to try.

  • Dallas Chocolate Classes – 1626 Banbury Lane, Carrollton, TX 75006
    Dallas Chocolate Classes gives you a whole new way to appreciate one of the most popular candy and dessert foods in the world. Private couples classes are available both online and in-person, and you have the opportunity to learn chocolate and dessert-making by exploring classic European recipes. All this and more can be found near Carrollton homes for sale.

  • The Cookery – 710 South Main Street #130, Fort Worth, TX 76104
    Billing itself as "cooking classes meet dinner party," The Cookery features both public classes and private events that can be customized to suit your interests. "Can't-miss" classes include how to host a cocktail party, the secret to perfect homemade pasta, and the "Elegant Dinner Party" evening where students learn a bevy of rich and comforting dishes. Locations in both Houston and Dallas are coming soon!

  • Cooking the Details – 1414 South Broadway Street #3107, Carrollton, TX 75006
    Cooking the Details is headed by chef and NASM Certified Nutrition Coach Dazore, a local success story who took a chance on her dream of a cooking business in May 2019. She believes the difference between good and great food is "all in the details," and you'll learn your favorite foodstuffs inside and out as you opt for one-hour or 2.5-hour themed cooking classes.

  • The Table Market – 120 St. Louis Avenue, Suite 103B, Fort Worth, TX 76104
    The Table Market makes the most of its core values of "Fitness, Farmers, and Fort Worth" by offering cooking classes at all levels and a full commercial kitchen for entrepreneurs to use. There's a monthly cookbook club and a variety of workshops that will make your meals even better, from tablescape to food photography. Classes have an international flair, with offerings like "Dumpling Party" and "Indian Curry Feast" topping the list.

Contact us to learn more about real estate in Dallas-Fort Worth.

January
17

Dallas Architecture

Dallas is an amazing place to call home for anyone who loves architecture, with a diverse mix of historic buildings and the latest, ultra-modern designs. Around nearly every corner, you will find something interesting to see, whether you explore on your own or take a guided tour. Our real estate agents know a thing or two about Dallas architecture and recommend these stops on the Dallas Architecture Tour to see the many unique structures all around the city.

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January
3

Like the rest of you, our real estate agents eagerly anticipate new and exciting culinary trends. Unsurprisingly, the DFW is on point with restaurants featuring Filipino cuisine, popcorn, robot service, and other 2022 trends predicted by The Takeout

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December
20

Appliance Upgrades

Having a well-appointed kitchen is a must, especially if you plan on selling your house in the near future. Kitchen updates hold their value when you resell, plus it's just nice to enjoy cooking in a clean, modern kitchen with new appliances. Here are five updates our real estate agents promise you'll enjoy, and the boost in your home's appeal to buyers won't hurt either.

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December
13

Cookies DFW

December 18th is Bake Cookies Day. This is a great opportunity to dig in and enjoy some holiday baking. But don't worry — if you're too busy to fit cookie baking into your schedule, there are some excellent DFW bakeries selling holiday cookies that your whole family will love. Here are some of the top bakeries our real estate agents recommend visiting in honor of Bake Cookies Day.

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December
8

Home sales in North Texas are slowing.  But buyers aren't getting a price break.  Almost 54% of the homes sold in the Dallas-Fort Worth area through September went for more than the asking price. That's higher than the nationwide average of properties that are pulling in more dough than the sellers are asking, according to a new report by Porch Group, a home sellers service firm.  "In most years before the pandemic, the percentage of homes selling above asking hovered around 20% during off-peak times and around 25% during the busy summer season," analysts at Porch.com said. "In 2020 and 2021, however, the share has remained much higher than usual.  Throughout 2020 and 2021, the market has seen steep increases in home prices as a growing number of buyers compete for a limited inventory of homes," the new report said. "These conditions have required bidders to be aggressive in their offers to beat out competitors, often offering amounts significantly above sellers' asking price."

DFW homes are selling for an average of 102% of asking price through the first three quarters of this year.  "The latest rankings show that prices in some metro areas, such as Atlanta and Dallas, are rising rapidly, producing market premiums much greater than the last housing run-up about 15 years ago," the new Florida report says.  Dallas-area home prices were up 25% year-over-year in the latest S&P CoreLogic Case-Shiller Home Price Index.

North Texas home sales by real estate agents have been down from a year ago in each of the last four months because of the shortage of properties on the market and growing affordability challenges.

  • Dallas Morning News, December 4, 2021
December
7

Labor shortages, rising construction costs and supply chain issues have made it harder for Dallas-Fort Worth homebuilders to keep up with record buyer demand.  As a result, the D-FW area is short 167,093 homes built between 2008 and 2020, the largest of any U.S. metro area, according to a new report by Zillow.   Nationwide, there's a shortage of 1.35 million homes built since 2020, analysts say.

During the last 10 years, North Texas builders have started about 290,000 houses, almost 20% fewer than in the previous decade.  At the same time, population in the area and demand for housing has boomed, creating a chronic shortage.  "The implications of this shortfall are being felt now as home prices rise in Dallas and across the country," Zillow spokesman Mark Stayton said. "A limited supply of homes as demand has surged is a main driver of rapid home price growth during the pandemic."

Along with the D-FW area, the biggest building shortfalls have been in Miami (142,650), Phoenix (122,288) and Seattle (113,292), according to Zillow.  North Texas homebuilders have been scrambling to catch up.  The number of homes under construction in the area has jumped by almost 77% in the least year, according to Dallas' Residential Strategies.  And D-FW builders have started a record almost 59,000 houses this year.  But with huge backlogs of sales and buyers on waiting lists, it's unlikely that area new home construction will meet the unprecedented demand.

Ted Wilson, principal with Dallas-based housing analyst Residential Strategies, said demand for housing in North Texas has increased significantly because of the growing economy here, large numbers of young renters entering prime home buying ages and low mortgage rates.  "In the 10 years leading up to the COVID pandemic, D-FW saw the net creation of about 1 million jobs," Wilson said. "During this period, due to housing affordability challenges, there were many would-be purchasers of homes that became renters instead.  "This trend signaled to us that there was a building of pent-up demand for for-sale housing," he said. " The dramatic decline in the 30-year mortgage rate during the COVID outbreak has unlocked much of this demand as renters can now afford to purchase new homes."  Wilson said many aging millennials are ready to buy houses.

  • Dallas Morning News, December 4, 2021
December
3

Dallas-Fort Worth had the greatest third-quarter home sales decline of any major Texas metro area.  But D-FW still topped the state in total properties sold by residential real estate agents.  In the third quarter, area real estate agents sold 31,486 single-family homes — 9.3% fewer sales than in the same quarter last year, according to a report from the Texas Realtors Association.  "Although we're seeing a slight decline in homes sold from the same period a year ago, it's important to remember we're comparing to 2020′s record-breaking numbers," Marvin Jolly, chairman of the Texas Realtors Association, said in the report. "Across the state, we're still experiencing strong demand for housing, and buyers are moving to Texas from all over the nation."  North Texas single-family home sales by real estate agents have been lower than the previous year in each of the past four months.  The drop in home purchases is due to a lack of properties on the market and record prices, which have kept some potential buyers out of the market, analysts say.

  • Dallas Morning News, November 2, 2021
December
6

Holiday Lights Dallas

It may not be the horse-drawn sleigh of old, but your car serves as a perfect vehicle for seasonal adventures. Our real estate agents can't wait to take in these holiday light displays that are just minutes from Dallas homes for sale.

  • Candy Cane Lane - American Airlines Center, 2500 Victory Ave., Dallas, TX 75219
    What "kid" of any age could resist a magical place called Candy Cane Lane? The multi-level display includes lights, lantern characters, and other holiday surprises. Don't forget to get a family photo with Santa Claus. Candy Cane Lane runs through December 26. Visit the website for times. Admission is $35-$50 per vehicle.

  • Dallas Zoo Lights - Dallas Zoo, 650 S.R.L. Thornton Fwy., Dallas, TX 75203
    A beloved holiday tradition takes on a new form at Dallas Zoo Lights. Enjoy the one million lights, 3-D sculptures, and video projection vignettes along the one-mile course from the comfort of your car. Dallas Zoo Lights will be shining through January 2. Visit the website for the full schedule. Admission is $65 per car, $50 for Zoo members, and must be purchased in advance.

  • Radiance! - Riders Field, 7300 Roughriders Trail, Frisco, TX 75034
    Theme parks aren't just for summer. This year's version of Radiance!, a popular holiday attraction down the street from Frisco homes for sale, includes "Frozen in Frisco," a winter carnival with tubing, ice skating, snowball fights, and even a Ferris wheel. Sit back on the Holly Jolly Trolley for a show featuring three million glittering, dancing lights. Tickets range from $19.99-$39.99 per person. Radiance! is open through January 1. Visit the website for dates and times.

  • Interlochen Christmas Lights - Westwood Dr., Arlington, TX 76012
    For more than 40 years, Lake Interlochen has provided the backdrop for a cherished holiday tradition. Interlochen Christmas Lights was the brainchild of community developer Bob Findlay, and today upwards of 200 neighbors deck their homes with spectacular lights and decorations. View the impressive display near Arlington homes for sale from 7 p.m. - 11 p.m. nightly. 

  • Historic Grapevine Christmas Spectacular - Town Square Gazebo, 325 Main St., Grapevine, TX 76051
    Find something old and something new at this year's Historic Grapevine Christmas Spectacular. It's only fitting that the "Christmas Capital of Texas" would offer a stunning display full of lights, life-sized Christmas cards, and an animated snowman. 2021 marks the debut of the outsized Main Street Toyland. Stop by after a day of viewing Grapevine homes for sale. Hours are 9 a.m. - 10 p.m. daily through January 10, and admission is free.

  • Santa House - 3373 Spruce Ln., Grapevine, TX 76051
    Share in the giving spirit of the holidays when you visit Santa House. The Murillo family fills their yard with more than 1,000 brilliantly lit retro Santa figures to create a whimsical display of any child's dreams. Their ultimate goal is raising awareness of and funds for the Christmas Cottage, an organization providing holiday gifts for kids in need. Hours are 5 p.m. - 10 p.m. every day through December 25.

  • Lights on the Farm - Heritage Farmstead Museum, 1900 W. 15th St., Plano, TX 75075
    Experience the charm of an old-fashioned holiday that runs through Lights on the Farm, not far from Plano homes for sale. Walk the quarter-mile trail through trees and displays covered with more than one million lights. Visit Santa's Workshop, where kids can write letters and get their pictures. Lights on the Farm is open beginning at 6 p.m. weekends through December 26. Tickets are $10 for adults and $7 for kids.

Have your own festive light display in your new DFW home. Contact us at RE/MAX DFW Associates to learn more.

November
22

Dallas Breakfast Spots

When our real estate agents heard that National French Toast Day was coming up on November 28th, they got super excited! There are some great breakfast and brunch places in the Dallas–Fort Worth area, and this gave them a reason to try some of them out. 

Start your morning out right with French toast from these local restaurants. 

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November
1

DFW Drives

As the largest state in the lower 48, Texas has no shortage of highways and byways passing through its diverse landscapes. Whether you go by car or motorcycle, hit the open road this fall on one of these entertaining drives recommended by our real estate agents.

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October
14

Dallas-Fort Worth is cooking up a record year for home sales and prices, but there are signs that the residential market is cooling from a boil to a simmer.  "On a macro level, the market is definitely cooling down, but we're talking about going from extreme hotness to, like, still hotness," DFW Opendoor General Manager Sharon Brown said in an interview with the Dallas Business Journal.   "Relative to last the last few months, the market is cooler," Brown said. "But relative to last year, the year before and the years before that, it's still super hot. Even though it's cooling down, that doesn't mean that it's a cool market."

The DFW market is cooling because more inventory is coming on the market and the volume of homes sold has decreased over the last three months, Brown said. Sales prices are also declining a tad, she said.  "It's still pricey," she said. "It's still a seller's market, but because of the inventory lift, because there's more supply on the market, the price is slowly coming down — not tremendously, but slightly.

Home prices in DFW have risen roughly 17% in 2021, and they're likely to rise another 4% to 5% in 2022, James Gaines, economist for the Texas Real Estate Research Center at Texas A&M University, said in a virtual meeting of the MetroTex Association of Realtors.   Gaines forecast total existing home sales for DFW to increase by 3% in 2022.

  • Dallas Business Journal, October 8, 2021
October
13

Dallas-Fort Worth new home sales and median prices are running at record levels, but a disrupted material supply chain and limited construction labor pool are causing it to take longer to get houses built and closed.  North Texas homebuilders initiated housing starts on 14,216 units in the most recent quarter, eclipsing the third-quarter 2020 pace by 1,277 units and up 9.9% year over year, according to statistics released today by Dallas-based Residential Strategies Inc.   The annual start rate, which includes the fourth quarter of 2020 through third-quarter 2021, has now climbed to 58,625 units — up 35% year over year, according to the housing market analyst.

"Even with higher prices there continues to be solid demand for new houses," said Ted Wilson, principal with Residential Strategies. "The biggest challenge for builders today is that, with limited construction labor and a disrupted material supply chain, it is taking much longer to get houses built and closed."   Despite the delays, builders set a record for closings in the most recent quarter at 11,985 units, up 3.5% year-over-year. The annual closing rate stands at 45,574 units, up 13.7% year over year.

The cost and shortage of construction labor has been problematic for builders, said Cassie Gibson, Residential Strategies' senior vice president. Lumber future prices peaked in May 2021 and have subsided since, but supply chain issues persist for many other components used in housing construction, causing higher prices to persist for builders as they determine their true input costs, Gibson said.

New home demand in North Texas has soared over the last year and a half because of a shortage of existing homes and surplus of people moving to the area.

  • Dallas Business Journal, October 8, 2021
October
18

DFW Nature

DFW might be a thriving urban metropolis, but the area retains a number of places where nature takes center stage. Our real estate agents refresh body, mind, and spirit with visits to these beautiful nature centers throughout the area. 

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October
11

New Neighborhood DFWAfter weeks or months of browsing Dallas homes for sale, visiting open houses, negotiating with sellers, and dealing with the exhausting relocation tasks, you're finally in your new home. It's time to make your new place feel like home and settle into your new surroundings. For some people, this could fall into place when your new neighbors see your moving truck, but in most cases, you have to put in work to get acquainted with your new surroundings. All it takes is a positive attitude and willingness to make it work out. Here is our real estate agent's list of 5 top strategies to help you get familiar with your new neighborhood.

  1. Introduce Yourself to Your Neighbors
    Getting to know the people who live around you can help you feel settled in your new environment and your new routine. Within the first days of your move, it's a good idea to introduce yourself to the people next door. Tell them you are a newcomer and ask questions about your new neighborhood. You'd be surprised at how friendly your neighbors are. Be polite and keep your first interaction short. If you need recommendations or useful information about your new area, approach your neighbors again, offer some homemade cookies, and start a friendly conversation. 


  2. Take Frequent Walks
    The most straightforward piece of advice is sometimes one of the most effective. If you want to get to know your neighborhood, go see it for yourself. Taking frequent walks is an excellent de-stressor during or after the unpacking process, and it will also give you a chance to observe daily life in the community. Take your children to the nearest playground or go to the nearest gym to meet other parents or fitness enthusiasts. If you have a dog, take them for a walk in the nearest park.


  3. Join a Local Club or Community Organization
    One of the best ways to settle into your new neighborhood is to immerse yourself in the community. You can join local clubs, charities, and other community organizations, depending on your values, interests, and skills. This is a great way to meet like-minded people from the neighborhood and make friends. A polite introduction is all that's needed. Volunteering is also a great way to take an active part in bettering the neighborhood and learn about some of the issues that shape the community.


  4. Find the Locals' Favorites Spots
    Dining and entertainment hangouts can be a key to the true neighborhood vibe. Thanks to online resources such as Google and Yelp, it's easier than ever to find the best restaurants, bars, local attractions, museums, recreation centers, entertainment venues, and more. This will help you meet people from the neighborhood and feel like one of them.


  5. Shop Locally
    You can definitely find a box store in the area or buy your things online, but that little corner shop is something you'll find right in the neighborhood. So, whether you need to make a quick trip to the local café for a much-needed caffeine hit or a visit to the hardware for a few nails, you'll need to know where all the stores are. Shopping locally helps you engage with your new neighborhood while bolstering it at the same time.

As stressful as moving can be, getting to know your new neighborhood is an amazing opportunity to welcome new friends, find new passions, and explore the world with a fresh set of eyes. Still looking at Fort Worth homes for sale and aren't sure if you've found your dream spot? Our team can help. Contact us today for more information.

October
4

Texas Craft ShowsShopping at local arts and crafts shows is a fun way to spend a few hours while picking up some unique handmade items for yourself or to give as a gift. Whether you're shopping for paintings, jewelry, apparel, or something different, you're like to find some treasures to take home.
  
Our real estate agents suggest visiting some of the following arts and crafts shows:

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September
20

Texas Pet Owners

Pet ownership in the U.S. has never been so high, with 48 million dog-owning households and 32 million cat-owning households, according to the American Veterinary Medical Association. But if you're one of them, and you're getting ready to list your home among Fort Worth homes for sale or Dallas homes for sale, it's important to remember that not everyone loves pets -- particularly when they're trying to look at a home and envision themselves in that setting. Someone else's pet can be a considerable distraction, whether it's the pet itself or just evidence that a pet is in residence.

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September
17

The average DFW home down payment is now $40,000

With home prices soaring, buyers must spend more up front to put a roof over their heads.  Dallas-Fort Worth-area homebuyers on average are forking over almost $40,000 in down payments when they purchase a property, according to a study by LendingTree.  That's an all-time high, but D-FW down payments are less than the $46,283 nationwide average in the 50 largest metro areas.  "While there are signs that the housing market is beginning to cool somewhat, home prices are still significantly higher in many parts of the U.S. than they were before the coronavirus pandemic," LendingTree's Jacob Channel said in the report. "One of the side effects of these higher home prices is higher down payments."  "If you are a first-time homebuyer, that means the nest egg you need to save up is basically 16% larger than it was a year ago because home prices have gone up," said Frank Nothaft, CoreLogic's chief economist. "The first-time homebuyers are having sticker shock right now.  "That's why we are seeing in some of the latest statistics maybe there's a bit of a slowdown in homebuying toward the end of the summer."

Dallas Morning News, September 8, 2021

September
16

Major Economists do not see a big wave of foreclosures

Millions of homeowners have been sheltered from foreclosures since the start of the COVID-19 pandemic.  But with mortgage forbearance programs and foreclosure moratoriums winding down, is there going to be a surge in home foreclosures?  While some investors are hoping to see a rise in problem properties, top real estate market economists don't anticipate a huge number of forced home sales by lenders.  "We don't think we are going to see a tsunami of foreclosures occurring," said Dr. James Gaines, the longtime economist with the Texas Real Estate Research Center at Texas A&M University. "I don't think we will start seeing anything until the first half of next year.  "It's a relatively small number of homes still getting mortgage forbearance.

 

At the end of August, only about 3% U.S. home loans were in forbearance plans, according to the latest estimate from the Mortgage Bankers Association of America. That adds up to about 1.6 million homeowners.  The share of home mortgages in payment forbearance is less than half what it was a year ago.  Home foreclosures have been almost nonexistent in the last year, with most lenders holding back from forcing property sales.  Any rise in home foreclosures won't compare with previous down cycles, Gaines said.  "There will be nothing on the scale we saw back in 2008 and 2009," he said. "We don't see it happening — particularly in Texas."  Because of big increases in home values in D-FW and other Texas markets in the last few years, most homeowners have large amounts of equity in their houses.

Dallas Morning News, September 10, 2021

September
15

The competition to snag a home continues to ease, with August seeing the fewest competing offers so far this year.   About 58.8% of the home offers by Redfin agents faced competition, a new low for 2021, according to the technology-powered real estate brokerage.   This is a decrease from the revised bidding-war rate of 62.1% a month prior and it's well below the "peak of 74.3% in April," according to Redfin.  

The August rate is also lower than the bidding-war rate of 59.4% reported a year ago.    "While sellers continue to have the upper hand, buying a home has become slightly easier this summer as the country's acute shortage of homes for sale is no longer intensifying and the market has undergone its typical seasonal slowdown," Redfin said.    Although sellers are still pricing their homes "very high," not all buyers aren't biting. 

Fox Business, September 14, 2021

September
11

Dallas area home prices soared by more than 21% in the latest nationwide comparison.  The surge in local home costs set a year-over-year record gain for the Dallas area in the closely watched S&P CoreLogic Case-Shiller Home Price Index.   Nationwide prices rose by 18.6% in June compared with a year earlier.   The nationwide jump was the largest in the Case-Shiller report in more than 30 years, according to S&P's Craig J. Lazzara.

"June 2021 is the third consecutive month in which the growth rate of housing prices set a record," Lazzara said in the report. "The last several months have been extraordinary, not only in the level of price gains but in the consistency of gains across the country.  Dallas-area home prices have more than doubled in the last decade in the Case-Shiller report.

Texas home sales by y real estate agents declined 17% in July from a year earlier due to the lack of properties for sale and some buyers pulling out of the market because of home prices.   But demand for homes in the Dallas area remains very high.

"Demand for housing continues to far outweigh the supply of homes for sale," Zillow economist Matthew Speakman said in a statement. "But despite the enduring market competition, more recent data indicate that the scalding hot housing market may have cooled slightly in recent weeks.

Dallas Morning News, August 31, 2021

September
10

If you're waiting for Dallas-Fort Worth's rapid home price appreciation to cool before buying a house, you may have to sit it out for at least another year.  Despite some indicators that the Dallas-Fort Worth housing market may be cooling, a new report projects that home prices will increase an eyebrow-raising 21.1% over the next year.  The projected increase is the ninth highest in the nation, according to online home services portal Porch.  Porch used national home sales data from Zillow, Redfin and the U.S. Census to make its home price predictions.

If DFW hits the 21.1% projection, it will exactly match the metro area's gain in home prices for the past year in the latest Case Schiller Index, which measured June 2020 through June 2021. The increase set a year-over-year record gain for the Dallas area.

Here is a summary of the data for the Dallas-Fort Worth metro area:

  • Forecasted one-year change in home price: +21.1%
  • Current median home price: $297,044
  • Sale-to-list price ratio: 102%
  • Median household income: $72,265
  • Home price-to-income ratio: 4.11X

For reference, here are the statistics for the entire United States, according to Porch:

  • Forecasted one-year change in home price: +14.9%
  • Current median home price: $287,148
  • Sale-to-list price ratio: 102%
  • Median household income: $65,712
  • Home price-to-income ratio: 4.37X

Dallas Business Journal, September 6, 2021

September
13

Dallas Comic Book Stores

September 25 is National Comic Book Day, and in honor of the occasion, we highly recommend paying your local comic book store a visit. We're lucky to have some really great comic shops here in Dallas, Fort Worth, and the surrounding areas.

Of course, we know you don't need a holiday just to raid the bins at your favorite comic book store! If you're wondering where you can always find the latest issue of your favorite comics in the DFW, our real estate agents know just where to go. 

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September
7

Fort Worth Gardens

April showers may bring May flowers, but Mother Nature's creativity is still in full bloom during the fall. Our real estate agents love to visit these incredible gardens, just minutes from Fort Worth homes for sale.

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August
16

Downtown Fort WorthOur real estate agents love the energy and diverse range of activities found at Sundance Square, just minutes from Fort Worth homes for sale. Take in a show, learn some history, or just stroll the scenic parks at these great spots in this 35-block section of downtown Fort Worth.

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August
9

Outdoor Walkways

It's a well-known fact that curb appeal makes a huge difference in Dallas homes for sale. Whether you're planning on listing your home soon or not for a little while yet, here are a few outdoor walkway ideas our real estate agents recommend for a quick way to boost curb appeal.

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August
2

Texas Wine

Dallas, Fort Worth, and the many wonderful smaller cities in North Texas are home to some of the state's best, most acclaimed wineries. In addition to producing award-winning wines, these wineries often host special events where you can enjoy great food, camaraderie, live entertainment, and unique, behind-the-scenes tours. Many of the area's most popular wineries work together to create wine trails, with coordinated events that make it easy to explore all that various local wineries have to offer. Our real estate agents have the delicious details on 4 North Texas wine trails that you will love to explore this summer.

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July
19

Dallas Chicken Wings

Mark your calendars, wing fanatics: July 29th is National Chicken Wing Day! It's the holiday we never knew we needed. If you happen to be in Dallas-Fort Worth for this momentous occasion, be sure to check out these great local wing spots.

  • Wing Bucket - 101 S Coit Rd #10, Richardson, TX 75080
    With a name like Wing Bucket, you can be confident that you'll get some pretty awesome wings. This place doesn't disappoint, with juicy jumbo wings cooked to perfection and bursting with flavor. They offer some fun and inventive sauces like bourbon, bacon, and orange ginger, as well as old standbys like mild, medium, and hot buffalo sauce. Wing Bucket is just minutes from these Richardson homes for sale, with additional locations in Downtown Dallas and Deep Ellum. 

  • LB Wings - 3015 Gulden Ln, Dallas, TX 75212
    At LB Wings, you can order wings by the pound. And lest you worry that you're getting quantity over quality, you can rest assured. These wings pack amazing depth of flavor and a wide spectrum of spice levels, with flavors including buffalo, chipotle BBQ, and mango-habanero. LB Wings is a stone's throw from many Dallas homes for sale, and in addition to killer wings, they also offer some really great side dishes, like fried okra, smoked green beans, and bourbon corn. 

  • Gidi Wings - 921 W Commerce St, Dallas, TX 75208
    The folks at Gidi Wings do one thing—make great wings—and they do it very well. This Dallas favorite offers a minimalist menu that includes wings, sides (either fries or veggies), drinks, and that's pretty much it. Choose between traditional bone-in wings or boneless wings, and decide which of their 18 wing sauces and flavors best suits your palate. Choose Volcanic Fire if you have a thing for heat or Carolina Reaper if you have a death wish. 

  • Tail Feathers Wing Wagon - 2800 Bledsoe St #150a, Fort Worth, TX 76107
    With a reputation as the best local wing spot in Fort Worth, Tail Feathers Wing Wagon has really got that perfect crispy-yet juicy wing thing locked down. The wings are slathered in sauce ranging from mild to inferno and served with homemade thick-cut potato chips. The only problem with Tail Feathers is that it can be hard to find. It's actually inside another business called the Whiskey Garden, just down the road from these Forth Worth homes for sale.

  • Pluckers Wing Bar - 190 E Stacy Rd Ste 1800, Allen, TX 75002
    A local branch of the beloved Austin-based wing establishment, Pluckers Wing Bar is a classic hot-wings-and-cold-beer joint with a fun, welcoming atmosphere. With a location convenient to many Allen homes for sale, Pluckers is especially well-known for their incredible variety of wing sauces (more than 25 flavors to choose from) and the ability to order a whopping 100 wings. 

  • Smoky Rose- 8602 Garland Rd, Dallas, TX 75218
    Smoky Rose is known for making some delicious smoked meats in Dallas, from brisket and pulled pork to ribs and sausage. They offer wings too, but they do them a little differently here. The wings are slowly smoked before being flash-fried and dunked in sauce, and the result is a whole other level of flavor. They also serve up some amazing craft cocktails in their charming rustic-chic space.

Ready to learn more about life in the DFW? Our real estate agents are here to help you find your dream home in Dallas, Fort Worth, and the surrounding areas, and you can contact us any time—even on National Chicken Wing Day. 

July
5

Fort Worth Pools

Summer in Fort Worth means plenty of sunshine, but temperatures regularly approach triple digits. When they need to cool off and relax, our real estate agents head for these refreshing pools conveniently located around Fort Worth.

  • Forest Park Pool - 2850 Park Pl., Fort Worth, TX 76110
    Dating back to 1922, Forest Park Pool has the distinction of being the oldest public pool near Fort Worth homes for sale. The circular pool measures 250 feet in diameter, with a depth from one to nine feet. After structural issues caused the pool to close in 2010, it received extensive repairs and renovations thanks to grants and donations totaling $830,000. Improvements include a slide and diving board, and six "Coolbrella" picnic areas. Hours are 12:30 p.m. - 6:30 p.m. Tuesday through Sunday. Admission is $6 for adults and $5 for swimmers aged 17 and younger.

  • Marine Park Pool & Aquatic Center - 303 NW 20th St., Fort Worth, TX 76106
    Marine Park Pool & Aquatic Center is Fort Worth's newest swimming facility. The current aquatic center, which opened in 2013, is a $3.2 million state-of-the-art facility. Kids love to splash around on the interactive play structure, with water cannons and a tipping bucket for mock "battles." Another favorite is the large water slide. With a 3,200-square-foot bathhouse and infant changing area, the whole family can enjoy a day at Marine Park Pool. Both Marine Park Pool and Forest Park Pool offer lessons for school-aged kids through Sigma Swimming, a nationally-ranked aquatic program. Hours are 12:30 p.m. - 6:30 p.m. daily. Admission is $6 for adults and $5 for swimmers aged 17 and younger.

  • Sycamore Spray Ground - 2525 E. Rosedale St., Fort Worth, TX 76105
    Are your little ones too small to stay afloat? Take them to the Sycamore Spray Ground, where they can romp freely under a cool shower of water while their feet stay firmly planted. Proper swimwear, including swim diapers, is the only requirement for use of the spray ground. Be sure to pack a lunch to share around one of the picnic tables when the kids are ready for a break. Sycamore Spray Ground is open seven days a week from 11 a.m. - 7 p.m., and admission is free.

  • William M. McDonald YMCA - 2701 Moresby St., Fort Worth, TX 76105
    The YMCA is an iconic name when it comes to family-friendly activities. A partnership between Fort Worth and the YMCA of Metropolitan Fort Worth allows all city residents access to the beautiful outdoor pool at William M. McDonald YMCA. Hours and admission fees are the same as the city's other facilities, and guests also receive equal pricing for swim lessons. In addition to private and group lessons, the Y offers water safety programs and an Aquatics Leadership Pathway for teens interested in becoming lifeguards or swim coaches. Summer Day Camp for kids includes swimming sessions. Price is $150 for members and $165 for non-members. 

Summer is a great time to buy or sell a home in Fort Worth. When you're ready to get started, contact us at RE/MAX DFW Associates for knowledgeable answers to all your questions.

June
18

The Dallas-Fort Worth median home price surpassed the $350,000 mark for the first time, but some signs nationally indicate the red-hot market is cooling.

The current median home sale price in DFW is $351,750, up 11.8 percent over last year, according to the RE/MAX national housing report released today.   DFW home sales are up 23.7 percent over last year. May homes sold faster than April, with an average of 24 days on the market, according to the report.

Nationally, there are signs the market may be cooling, with May home sales down slightly compared to April. In DFW, however, May sales are up slightly compared to April.

At RE/MAX DFW Associates, the number of closed transactions from one year prior rose 64 percent in May, according to broker Mark Wolfe, who owns the company. Total closed volume was up a record 94 percent, he said. And already, the company is breaking new records in June.  "This unprecedented market continues with each month surpassing the record from the previous month," Wolfe said. "My concern is rising inflation – home prices, car sales and cost of goods. Certainly, interest rates will begin to rise."

Nationally, the typical May ramp-up in home sales didn't happen last month, as sales dipped 0.2 percent from April and home prices were uncharacteristically flat in the report's 53 metro areas.  Also defying the trend: A 7.1 percent drop in listed homes at a time of year when active inventory is normally building for peak summer sales months.

Other metrics, however, indicate that the lopsided sellers' market continues. Months supply of inventory nationwide dropped to 1.1 months and homes changed hands in just 28 days. Both are records in the 13-year history of the RE/MAX report.

While Dallas-Fort Worth's sales price increase of almost 12 percent year over year is significant, it's far less than many other places. 

  • Dallas Business Journal, June 17, 2021

 

June
21

Dallas Outdoor Adventures

Everything's bigger in Texas, but it looks smaller when seen from the treetops. Ziplining is just one of the outdoor activities that make the Dallas-Fort Worth area such a great place to live. Our real estate agents recommend getting your adrenaline pumping at these exciting parks around the DFW.

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June
7

Bubble Tea Dallas

Bubble tea—also known as boba tea—has taken America by storm in the last 10 years. This sweet tea-based drink with chewy tapioca balls originated in Taiwan back in the 1980s, but these days it's everywhere. 

Case in point: we have some truly great bubble tea joints here in the DFW. Whether you're looking for a new place to get your boba fix, or you're just getting ready to try it for the first time, our real estate agents recommend these awesome bubble tea shops in Dallas, Fort Worth, and the surrounding areas! 

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May
17

DFW Restaurants

Looking for a new place to eat in the DFW area? You're in luck. This area is home to a thriving community of eateries that has something to offer for every hungry would-be diner. Our real estate agents can help you find a home close to countless new DFW restaurants, including the five listed below.

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May
3

DFW BrunchMother's Day is fast approaching, and there's no better way to appreciate your mom than treating her to a delicious meal. Start Mother's Day with a memorable brunch at a fantastic local restaurant. Our real estate agents have rounded up some of the most exquisite DFW restaurants where you'll find a delicious treat that your mother will thoroughly enjoy: 

  1. Reata Forth Worth—310 Houston Street, Sundance Square, Fort Worth, TX 76102
    Located close to Fort Worth homes for sale, this restaurant is renowned for its sophisticated cowboy cooking and exclusive wine list. Reata Fort Worth offers both private dining and family meals and is a great spot for Texans who are hankering for some mouth-watering food. If your mom is a lover of classic cuisine, she'll undoubtedly enjoy the restaurant's specialty items such as the Tenderloin Tamales or the Pan Seared Pepper Crusted Tenderloin. 
     
  2. Pinstripes—5001 Trailhead Bend Way, Fort Worth, TX 76109
    Is there a better way to celebrate your mom than reserving her a spot at Pinstripes on Mother's Day? Pinstripes recently opened patio seating just in time for May 9th. Savor a world-class brunch with mom, washed down with discounted handcrafted cocktails. You can also win a brunch for your mom and the entire family by entering Pinstripes' Mother's Day competition. All you have to do is send a snap of your mom with a short description of what makes her special.

  3. Snooze Eatery—3211 Oak Lawn Ave, Dallas, TX 75219
    This spot prides itself on being the number one breakfast and brunch restaurant near our Dallas homes for sale. Your mom will undoubtedly love Snooze Eatery's laidback attitude, tasty meals, and cozy ambiance. Start with green eggs and ham followed by a special Mother's Day soup or the restaurant's renowned hot and cold sandwiches. If your mom is a wine lover, she'll love the extensive wine list offered at Snooze Eatery. Takeaway services are available on request.

  4. Yolk—8315 Westchester Drive, Dallas, TX 75225
    Treat your mom like the queen she is by reserving her a brunch at Yolk. The restaurant is renowned for its fantastic fusion breakfasts that your mom won't forget. The fresh approach to brunch is what makes the Yolk restaurants stand out. All foods are made from quality ingredients and are incredibly affordable. Thus, you can give your mom a treat without breaking the bank. Special discounts will be offered on Mother's Day, so you should be on the lookout for them.

  5. Del Frisco's Grille—7200 Bishop Road, Suite D9, Plano, TX 75024
    Take a trip to Spain when you treat your mom to a Spanish brunch at Del Frisco's Grille. Here, you'll find seasoned, polished Spanish country cooking that has stood the test of time. Del Frisco's Grille is a favorite brunch spot for many Texans, thanks to its tasty foods, fine wines, and convenient location near Plano homes for sale. The welcoming ambiance at the restaurant allows you to eat, drink, and talk all day.

Do not hesitate to contact our real estate agents to see what we have on offer.

April
12

Spring Cleaning Spots

If you're a homeowner, you know that spring cleaning is essential to a clutter-free home. When winter cold fades away, and spring sunshine appears, it's time to roll up your sleeves and tackle some of those indoor and outdoor chores around the house. Our real estate agents know that buyers pay attention to small details that reflect an organized, well-maintained home. Tackle every spot in your home, even the ones that are commonly overlooked, with these helpful tips. 

Kitchen Appliances

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April
5

DFW Historic Districts

Looking for a fun and exciting way to explore a part of Texas history right here in Fort Worth? Our real estate agents have introduced plenty of new homeowners to the Fort Worth Stockyards National Historic District.

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March
9

DFW Pies

Our real estate agents love having an excuse to enjoy a sweet treat. March 14th is affectionately known as "Pi Day" -- and we think that's close enough!

There are so many great bakeries in the DFW area, you might want to start visiting them now, so you're prepared when the big day rolls around. Here are a few of our favorites. 

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March
1

Dog Trails in DFWThe parks and trails of the DFW area have so much to offer, and now is the perfect time for an outdoor adventure with your furry friend. Many of the best DFW trails are dog-friendly, with beautiful green spaces to explore and plenty of opportunities for your pup to play with new friends. There are trails located in popular parks and nature preserves and trails that connect multiple local outdoor attractions. Our real estate agents have all of the details, with our guide to 6 trails that you and your dog will love in DFW.

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February
15

Birdwatching in the DFW

The Central Flyway is one of America's most highly trafficked bird migration routes, and the Dallas-Fort Worth metro area is smack-dab underneath it. That makes this one of the best areas in the country for birdwatching. 

One of the things our real estate agents love most about life in the DFW is its abundance of outdoor recreation. That includes incredible birding opportunities. Be sure to check out one of these top birding sites in Dallas, Fort Worth, and the surrounding areas. 

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February
2

Believe it or not, the whole Dallas-Fort Worth Metroplex is home to more mini-millionaires than the entire population of Plano. In fact, DFW now ranks among the world's top 10 metros for the number of high-net-worth individuals.  A new ranking from Wealth-X, which collects and analyzes data about the world's wealthiest people, puts DFW at No. 10 globally for the population of high-net-worth (HNW) individuals, defined as those with a net worth of $1 million to $30 million. (In other words, Alice Walton, Jerry Jones, and Andy Beal are way too rich for this list.)

For 2018, Wealth-X tallied 298,220 HNW individuals in Dallas-Fort Worth, up slightly from 297,935 the previous year. By comparison, the population of Plano was 286,143 in 2017, according to the U.S. Census Bureau. DFW is the only Texas metro to appear in Wealth-X's top 10.  "With the addition of [the] Dallas-Fort Worth metro area, the U.S. now includes six of the top 10 cities in our ranking," Wealth-X says.  Sitting atop the ranking is the New York City metro area, home to nearly 1 million HNW individuals. Elsewhere in the U.S., Los Angeles stands at No. 3, Chicago at No. 6, San Francisco at No. 9, Washington, D.C., at No. 9, and Dallas-Fort Worth at No. 10.

Chances are, you'll find many of DFW's HNW individuals in the region's richest ZIP codes, particularly Highland Park and University Park. Highland Park is No. 9 among the country's wealthiest ZIP codes, and University Park is No. 7, according to a 2018 analysis by Bloomberg.  According to data released in 2018 by Charles Schwab's Modern Wealth Index, DFW residents say it takes a net worth of $2.4 million to be considered wealthy and $1.3 million to feel financially comfortable.  According to the 2018 Knight Frank City Wealth Index, Dallas ranks seventh globally for the most households (297,970) earning at least $250,000 in 2017, just behind Houston at No. 6 (298,868 households).

Dallas is projected to rank 10th for the growth of households earning at least $250,000, adding 58,575 such households from 2017 to 2022, the index says. By comparison, Houston is forecast to hold down the No. 9 position, adding 71,211 of those households during the same five-year span.

  • Culture Map Dallas, January 24, 2021
January
18

DFW Cafes

When winter arrives, nothing beats a tasty mug of hot chocolate. There's never a bad time to enjoy this sweet treat, but just in case you needed a reason to celebrate, you'll be glad to know that National Hot Chocolate Day is right around the corner! 

When you're ready to warm up, we suggest heading out and paying a visit to one (or more!) of these locations. 

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January
11

Smart Home DFW

Have you thought about jumping on the bandwagon and making your home smarter in 2021? If not, maybe you should. There are so many ways smart features increase your home's comfort, security, and efficiency that a smart system bears looking at. What's more, if you're listing your home among Dallas homes for sale or Plano homes for sale, you might include the smart system and appliances as a selling point.

In case you're not familiar with all the features you could have with a smart system, let's look at a rundown.

  1. Smart Home Assistant
    The smart home assistant is the foundation for any smart system. There are two that dominate the market: Amazon Echo with Alexa and Google Home with smart speakers. Similar to the way they work, these devices control all the other smart devices in your home, from lights and doorbells to security alarms and cameras.

  2. Smart Hub
    If you go with a smart speaker without a built-in hub, you'll need a smart hub for automating all the smart devices in your home through only one app. A couple of the best are the Smart Things Hub and the Hubitat Elevation Home Automation Hub.

  3. Lighting
    No need to get up. Add smart bulbs and control the lights through your phone, either by voice or touch. Still at the office? Turn on some light for the dog remotely. Change the mood by changing the color of the light if you opt for RGB lighting.
  4. HVAC Thermostat
    Manage your home's environment from near or far with a smart thermostat. Use an app on your smartphone or tablet to control the temperature; depending on if you have an in-house humidifier, you might even be able to raise or lower humidity. Some systems can sense your approach and raise or lower the temperature for your comfort. Need an analysis of your energy usage? A smart thermostat can do that as well.

  5. Carbon Monoxide and Smoke Detectors
    Smart smoke detectors not only detect smoke but send a message to your phone that there's a problem.

  6. Garage Door Opener
    Let workers in your garage when you're away with an app on your phone. Did you forget to close the garage door? No problem. You can close it remotely as long as you can access Wi-fi.

  7. Smart Security Features
    A complete smart security system should include indoor and outdoor cameras, door locks, lighting, and even the doorbell. Here's how these features play into your overall security strategy:
    • Indoor camera -- There are many reasons to monitor what's going on inside your home, from watching a babysitter or cleaning employee to monitoring your pets' activities to recording a break-in.
    • Outdoor camera -- Again, you want to be able to record who comes up to your front door and what they do. The Nest outdoor security camera comes with night vision and has a built-in microphone and speaker; plus, you can use the app for the Nest to view live footage on your smartphone.
    • Door lock -- These devices do away with the need for keys; you can unlock them via your smartphone or with a fingerprint or a pin.
    • Doorbell -- These come with a camera that lets you see who's ringing the bell and communicate with them through your phone. Some devices have the ability to recognize your visitors.

Our real estate agents can help you upgrade your home and appliances to create a more convenient, efficient, and secure smart system. Contact us today. 

December
21

Candy Shops in the DFW

Whether you're trying to find the ideal gift for someone who already has everything or a small, thoughtful stocking stuffer for someone with a sweet tooth, the gift of a sweet treat never goes out of style. Lucky for you, the DFW area is filled with candy shops that offer something to satisfy every taste! From traditional candy made from decades-old family recipes to zany, new candy creations, you can find it all close to home in DFW. Our real estate agents have all the delicious details on 6 great candy shops where you can find your stocking stuffers this year.

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December
14

DFW Giving Back

The holiday season ushers in excitement, but for thousands of men, women, and children in the Dallas-Fort Worth area, this time of the year is especially difficult. Some of our family members, friend, neighbors, and coworkers struggle to make ends meet or receive the care that they need. Our real estate agents understand that this time of the year is busy, but we shouldn't let shopping and festivities distract us from the reason for the season. Above all, these next few days give us the opportunity to share our kindness, spread joy, and brighten the lives of whomever we can. We encourage you to give back to the DFW this holiday season through one of these compassionate acts.

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December
7

As the holidays draw near, it seems like all of the Dallas homes for sale we see are decorated both inside and outside. Fill your home with holiday cheer, and the fresh smell of pine when you opt for a real Christmas tree. If it's your first year selecting a fresh tree, follow these helpful tips from our real estate agents to find the perfect one for your home. 

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November
16

Bike Trails - DFW - RE/MAX DFW Associates

The crisp air of late fall makes this a particularly good time to go for a bike ride in the Dallas-Fort Worth area. And with Go For a Ride Day coming right up on Sunday, November 22, our real estate agents are excited to share some of our favorite bike trails in the DFW.

  • Oak Cliff Nature Preserve - 2875 Pierce St, Dallas, TX 75233
    A 121-acre oasis of shady woodlands and rolling wildflower meadows, Oak Cliff Nature Preserve is a great resource for Dallas mountain bikers. Located just minutes from these Dallas homes for sale, the preserve includes 8 miles of multi-use hike and bike trails arranged in six loops. There are many twists and turns, but the terrain is mostly flat and not too challenging.

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November
9

Order Out for Thanksgiving Dinner - RE/MAX DFW Associates

Whatever else is going on in our lives, Thanksgiving is a constant, providing us with a comforting sense of gratitude. Celebrate in style with a fine-dining feast from one of these upscale restaurants around DFW recommended by our real estate agents

  • Mignon - 4005 Preston Rd., Suite 518, Plano, TX 75093
    With its intimate booths, Mondrian-style abstract artwork and elegant wood surfaces, dining at Mignon, just minutes from Plano homes for sale, feels like being in a scene from a 1960s French film. The three-course, $54 prix-fixe Thanksgiving menu begins with soup or salad, followed by turkey breast with stuffing, sweet potatoes, green beans, and cranberry relish. For dessert, choose between apple pie and pumpkin cheesecake. Substitute filet mignon or Chilean sea bass for an additional charge. Two private dining rooms for each seating time allow safe social distancing. Hours are 8:45 a.m. - 5 p.m. with a two-hour limit.

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November
2

Delis Around the DFW - RE/MAX DFW Associates

November 3rd isn't only Election Day; it's also National Sandwich Day. Hot or cold, thin or high, there is no wrong way to make a sandwich. Everybody has their own ideal combination of bread, meat, and cheese, and this simple creation has become the staple of the all-American lunch. 

Our real estate agents love our local sandwich shops and pulled together a list of six recommendations we think you should check out on National Sandwich Day.

  • Uncle Uber's Sammich Shop - 2713 Commerce St., Dallas, TX 75226
    Uncle Uber's is known for their "sammiches," which they say are the holiest and mightiest sandwiches. They offer a robust menu filled with dozens of custom combinations. We recommend the roast beef, which has tasty thinly sliced beef, melted provolone, and Au Jus sauce. Best of all, Uncle Uber's is conveniently located near several of these beautiful Dallas homes for sale.

  • East Hampton Sandwich Co. - 1605 S. University Dr., Fort Worth, TX 76107
    With five locations around town, East Hampton Sandwich Co. is becoming a Dallas / Fort Worth staple. Besides a variety of "hot signature" and "cold signature" sandwiches, East Hampton Sandwich Co. also offers four different delicious lobster rolls. This East Hampton location is conveniently located a few minutes away from great Fort Worth homes for sale.

  • Captain Nemo's Steak Submarines - 1426 N. Irving Heights Dr., Irving, TX 75061
    Captain Nemo's has been serving their famous sizzling steak sandwich for 47 years. In addition to steak, their menu is full of several other tasty sandwich options. Add a bowl of "The Captain's Chili" to your order for a perfect meal. You can dine-in or takeout for lunch or dinner Monday through Saturday. After stopping by, take a look at these Irving homes for sale.

  • Patriot Sandwich Company - 1507 S. Loop 288 #203, Denton, TX 76205
    Located near these Denton homes for sale is the Patriot Sandwich Company, a veteran-owned sandwich shop that serves breakfast and lunch. Menu items are named after military lingo, and local hometown heroes are honored on the restaurant's wall.  They also offer a wide range of custom-made sauces that are made daily onsite.

  • Sourdough Bread Deli - 4120 W. 15th St., Plano, TX 75093
    If you're near Plano, grab a sandwich at Sourdough Bread Deli. This sandwich shop truly prides itself on quality. Their menu features a wide range of poultry, meat, and fish sandwiches, all made on delicious sourdough bread made every morning from scratch. All vegetables are prepared daily, and meats are never pre-cooked. While you're in the area, take a look at these Plano homes for sale.

  • The Tin Cup - 1025 W. Abram St., Arlington, TX 76013
    This laid back sandwich shop is family owned and operated and offers dozens of sandwiches, paninis, and salads. We recommend trying the "Alamo," which has the perfect mix of chicken, sun-dried tomatoes, avocado, and mozzarella.The Tin Cup is located just a short drive from these Arlington homes for sale.

One of the best parts about living near in or around Dallas / Fort Worth is that there are always new restaurants to try. For more local business recommendations, contact us today!

October
12

Wine Tasting - DFW - RE/MAX DFW Associates

Let's be honest — we could all use a glass of wine these days. Thankfully, we don't have to venture far for the vino. Our real estate agents heard through the grapevine that there are plenty of places in the DFW to grab a glass, a bottle, or a carafe of wine at a moment's notice. If you're searching for a new favorite for your wine cellar or just want to sample some unique flavors, we encourage you to enjoy a wine tasting at one of these six local hot-spots.

  1. Grape Vine Springs Winery – 409 S. Main St., Grapevine, TX 76051
    Grape Vine Springs Winery knows how to show you a good time. Their award-winning winery will now be offering food service so you can savor your wine tasting with a few tasty treats. The winery also hosts blending classes, winery tours, ghost tours, and other events. If you purchase one of your Grapevine homes for sale, Grape Vine Springs Winery is one site you'll want to visit again and again.

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September
21

Family Fitness Destinations - DFW - RE/MAX DFW Associates

With cool urban spaces, parklands, hike and bike trails, zoos, and art museums, there are many places around the Dallas-Fort Worth area where families can go for outdoor activities. In fact, family fitness and health may be even important right now. Be sure to check out some of our real estate agents' favorite outdoor destinations around the DFW.

  • Dallas Arboretum & Botanical Garden - 8525 Garland Rd., Dallas, TX 75218
    Acres upon acres of green spaces, water features, and blossoming flowers comprise the Dallas Arboretum and Botanical Garden. On the shores of White Rock Lake, the Arboretum boasts a complete life science laboratory and interactive children's adventure garden featuring a two-story treehouse, tree canopy walk, and cascading waterfalls. When autumn arrives, over 90,000 pumpkins are used to create a literal pumpkin village and decorate the grounds at the Arboretum. With a variety of Dallas homes for sale in the area, the arboretum and botanical garden offer a peaceful and rewarding outdoor gateway. Visits now require a scheduled arrival window and tickets pre-purchased online.

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September
14

Cheeseburger Day - DFW - RE/MAX DFW Associates

Break out the bibs and rustle up an appetite – National Cheeseburger Day is Friday, September 18th! What better way to celebrate one of our nation's most iconic foods than to sample some of the best burgers in town. Our real estate agents encourage you to grab your burger crew and head to one of these tasty cheeseburger destinations in the DFW.

  1. Burgers N Beyond – 1704 Galveston Ave., Fort Worth, TX 76110
    Burgers N Beyond
    is a great place to grab a classic cheeseburger cooked to perfection after you've checked out a few Fort Worth homes for sale. Their BNB Burger contains an all-beef patty, lettuce, pickles, cheese, grilled onions, and their BNB sauce. You can double the patties by ordering their Big BNB Burger. With sides like volcano fries, jalapeno poppers, onion rings, and coleslaw, Burgers N Beyond takes taste to the next level with the classic ingredients you know and love.

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June
26

New Index Reveals Impact of COVID-19 on Real Estate | MyKCM

Earlier this month, realtor.com announced the release of their initial Housing Recovery Index, a weekly guide showing how the pandemic has impacted the residential real estate market. The index leverages a weighted average of four key components of the housing industry, tracking each of the following:

  1. Housing Demand – Growth in online search activity
  2. Home Price – Growth in asking prices
  3. Housing Supply – Growth of new listings
  4. Pace of Sales – Difference in time-on-market

The index then compares the current status "to the last week of January 2020 market trend, as a baseline for pre-COVID market growth. The overall index is set to 100 in this baseline period. The higher a market's index value, the higher its recovery and vice versa."

The graph below charts the index by showing how the real estate market started out strong in early 2020, and then dropped dramatically at the beginning of March when the pandemic paused the economy. It also shows the strength of the recovery since the beginning of May.

New Index Reveals Impact of COVID-19 on Real Estate | MyKCM

It's clear to see that the housing market is showing promising signs of recovery from the deep economic cuts we experienced earlier this spring. As noted by Dean Mon, Chairman of the National Association of Home Builders (NAHB):

"As the nation reopens, housing is well-positioned to lead the economy forward."

The data today indicates the housing market is already on the way up.

 

-Keeping Current Matters - June 26, 2020

May
21

While many people across the U.S. have traditionally enjoyed the perks of an urban lifestyle, some who live in more populated city limits today are beginning to rethink their current neighborhoods. Being in close proximity to everything from the grocery store to local entertainment is definitely a perk, especially if you can also walk to some of these hot spots and have a short commute to work. The trade-off, however, is that highly populated cities can lack access to open space, a yard, and other desirable features. These are the kinds of things you may miss when spending a lot of time at home. When it comes to social distancing, as we've experienced recently, the newest trend seems to be around re-evaluating a once-desired city lifestyle and trading it for suburban or rural living.

George Ratiu, Senior Economist at realtor.com notes:

"With the re-opening of the economy scheduled to be cautious, the impact on consumer preferences will likely shift buying behavior…consumers are already looking for larger homes, bigger yards, access to the outdoors and more separation from neighbors. As we move into the recovery stage, these preferences will play an important role in the type of homes consumers will want to buy. They will also play a role in the coming discussions on zoning and urban planning. While higher density has been a hallmark of urban development over the past decade, the pandemic may lead to a re-thinking of space allocation."

The Harris Poll recently surveyed 2,000 Americans, and 39% of the respondents who live in urban areas indicated the COVID-19 crisis has caused them to consider moving to a less populated area.

Today, moving outside the city limits is also more feasible than ever, especially as Americans have quickly become more accustomed to – and more accepting of – remote work. According to the Pew Research Center, access to the Internet has increased significantly in rural and suburban areas, making working from home more accessible. The number of people working from home has also spiked considerably, even before the pandemic came into play this year.

Bottom Line

If you have a home in the suburbs or a rural area, you may see an increasing number of buyers looking for a property like yours. If you're thinking of buying and don't mind a commute to work for the well-being of your family, you may want to consider looking at homes for sale outside the city. Contact a local real estate professional today to discuss the options available in your area.

  • Keeping Current Matters, May 13, 2020
May
20

NTREIS reports 8% Down Across North Texas

While our NTREIS MLS system reports an 8% decrease in listings in April across the over 40 counties in North Texas, the popular northern suburbs of Dallas report a much higher decrease.   And it is that significant decrease in listings that is causing some panic buying with buyers trying to find a home.  Multiple offers in the northern suburbs are common.   Not at all common in other parts of the DFW area.

 

Below is the actual decrease in listings in April from one year prior for each suburb:

 

      • 37.8% decrease – Corinth
      • 37.7% decrease – Highland Village
      • 36.1% decrease – Coppell
      • 33.6% decrease – McKinney
      • 32.9% decrease – The Colony
      • 32.2% decrease – Plano
      • 31.8% decrease – Double Oak
      • 31.1% decrease – Richardson
      • 30.6% decrease – Frisco
      • 27.6% decrease – Prosper
      • 25.7% decrease – Carrollton
      • 25.7% decrease – Lantana
      • 18.2% decrease – Denton
      • 17.8% decrease – Grapevine
      • 15.7% decrease – Lewisville
      • 9.7% decrease – Flower Mound
      • 1.3% increase – Little Elm
  • NTREIS Stats, April 2020
October
18

Paige Shipp, regional director with housing analyst MetroStudy Inc. fears home sales might slow next year in the ramp up to presidential and congressional elections.  "We typically have much slower selling seasons right before an election," she said. "After that happens, the flood gates open and people come out. It's not a matter of who wins."   Worries about a recession may also impact the home market.  "We spent the better part of the last decade still looking over our shoulder," said George Ratiu, senior economist with Realtor.com.  "The last recession was so bad that we are still carrying some of the scars from that."   However, Dr. James Gaines, chief economist with the Real Estate Center at Texas A&M University states that Texas economy is still expanding.  "And we are extremely unlikely to be in a recession by the end of this calendar year," he said. "We are probably pretty safe through the first six months of next year."

  • Dallas Morning News, October 14, 2019

 

October
17

The number of homes listed for sale with North Texas real estate agents has risen by about 15% this year. But they aren't in the price range most buyers want.  "The inventory is increasing at the upper end — $750,000 and above," Dr. James Gaines, chief economist with the Real Estate Center at Texas A&M University said. "If you have a well-located $300,000 house, you can sell it tomorrow. We are seeing evidence of price fatigue in the market."  D-FW home prices are up only about 3% so far in 2019 — nothing like the double-digit percentage home price gains of a couple of years ago.  "The recent spike in mortgage rates did expose how price sensitive the market is," said Paige Shipp, regional director with housing analyst MetroStudy Inc. "Things are not quite as rosy as they seem in terms of what people can afford."  Many home sellers haven't gotten the message, she said. "They want to list their house for more than their neighbors sold for and sell it overnight."  D-FW has an undersupply of homes priced below $250.000.

  • Dallas Morning News, October 14, 2019
October
16

After several years of ever-increasing sales, there are signs that North Texas' million-dollar home market has hit a ceiling.  Sales of high-priced Dallas-area homes have shot up in recent years, rising at a much greater rate than the overall housing market.  There are now more than a dozen Dallas-area mansions on the market with price tags of more than $10 million, according to Realtor.com.  While demand for low- and moderate-priced houses is still rising in North Texas, the latest sales numbers show that purchases of million-dollar properties have leveled off.  For the last few years, million-dollar home sales in the Dallas-Fort Worth area have grown at double-digit percentage rates.  Housing analysts say that the inventory is rising while more moderate-priced properties are in short supply.  "The inventory is mostly at the upper end," said George Ratiu, senior economist with Realtor.com.  "That's not where the most demand is."

  • Dallas Morning News, October 14, 2019
October
7

DFW Halloween Events - RE/MAX DFW Associates

So you love Halloween, but you'll be away from home for the holiday this year shopping Dallas homes for sale. Does that mean you'll have to miss out on Halloween fun? Not at all. While you may not be able to spend the holiday at your usual haunts, there's lots of Halloween fun to be had around Dallas-Fort Worth, and our real estate agents know where to find it. Here's where to scare up some Halloween fun around the DFW area:

  • Halloween Half Fort Worth - Trinity Park, 2401 University Drive, Fort Worth, TX
    The Halloween Half Fort Worth is a popular event for runners and families. It's happening on October 26th this year at Trinity Park, with the race kicking off at 7 a.m. Organizers urge runners to don their favorite Halloween costumes and arrive early to ensure an on-time start. Early arrival will also give you time to enjoy the entertainment, vendors, and other types of Halloween fun you'll find at this event. If you'll be focused on Forth Worth homes for sale as you shop for your next home, arriving early for this event will also be an opportunity to socialize with people who may soon be your neighbors.

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August
29

Dallas-area home price gains continued to lag national increases in the latest housing market update.  Dallas home prices were up 2.7% in June from a year ago, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index. Nationwide prices were 3.1% higher during the same period.  Dallas-area home price increases are now at the lowest levels in seven years in the closely watched Case-Shiller study.  "Home price gains continue to trend down but may be leveling off to a sustainable level," S&P's Philip Murphy said in the report. "While housing has clearly cooled off from 2018, home price gains in most cities remain positive in low single-digits.

 

 

The rate of home price growth in the Dallas area is half what it was a year ago.  Even though Dallas-area home prices are rising more slowly, they're still at record levels and are more than 50% ahead of where they were before the recession.  While lower mortgage rates have fueled an increase in home sales in recent months, there's no sign that housing appreciation will surge.

  • Dallas Morning News, August 28, 2019
May
7

The economy generated a stronger than expected 263,000 new jobs in April, helping to drive down the unemployment rate to a 49-year low of 3.6%. The increase in new jobs easily topped the 217,000 MarketWatch forecast. The jobless rate slid from 3.8% in March to hit the lowest level since December 1969. The average wage paid to American workers rose 6 cents, or 0.2%, to $27.77 an hour. The 12-month rate of hourly wage gains was unchanged at 3.2%. Hours worked each week fell 0.1 hour in April to 34.4. The government revised the increase in new jobs in March to 189,000 from a preliminary 196,000. February's gain was raised to 56,000 from 33,000.

  • Market Watch, May 3, 2019
April
27

Hispanic Population Growth By 2060Latinos are finding their economic legs under the Trump administration, leading the surge in home ownership and income growth and record low poverty rates, according to two comprehensive new surveys.  While they remain far behind whites in income, they have seen their third consecutive year of income growth and have a higher workplace participation rate, according to the National Association of Hispanic Real Estate Professionals and the Hispanic Wealth Project. 

 

In two studies just released, the groups also provided revealing details about Latinos and their growth in America. For example, by 2060, nearly one of every three in the U.S. will identify as Latino.  The reports detailed Hispanic housing and economic trends and found most signs rapidly improving.  What's more, the group's goal of nudging overall Hispanic income up is showing signs of success. The group said that within the next five years, Hispanic median income will triple.Hispanic Homeownership rate

 

The group listed the positive trends in its income report:

  • For the fourth consecutive year, Hispanics increased their rate of home ownership, reaching a rate of 47.1%. In 2018, Latinos added 362,000 homeowners which is the highest number of owner households added for Latinos since 2005.
  • In 2017, Hispanics saw the third consecutive year of income growth and the highest of any demographic.
  • Between 2016 and 2017, Hispanics increased their real median income by 3.7%. Latino families making an annual income over $200,000 increased from 2.1% in 2011 to 3.8% in 2017, and the percentage of Latino millionaires more than doubled between 2013 and 2016.
  • Poverty rates reached a historic low for Latinos. Simultaneous to median income growth, Hispanics have lowered their poverty rate for three consecutive years. With a poverty rate of 18.3% in 2017, Hispanics reached their lowest level since poverty estimates for Hispanics were first published by the U.S. Census Bureau in 1972.

Hispanic Income Growth

  • Latinos have significantly higher labor force participation rates. Hispanics are employed at a rate of 66.1%, compared to 62.9% of the general population. The Hispanic unemployment rate was reduced by over 7 percentage points between 2009 and 2018, from 12.1% to 4.7%, respectively.
  • Latinos continue to drive small business growth. Between 2014 and 2016, the number of Latino-owned employer firms increased by 13.1%, accounting for 23.8% of the net growth of all employer firms during that period.
  • Participation in retirement accounts for Latinos is increasing. Between 2013 and 2016, Hispanics increased their rate of retirement account ownership from 25.1% to 29.7%, and the value of their retirement accounts increased by roughly 40.4%.
  • Washington Examiner, April 23, 2019
April
25

It is only a matter of time, and possibly within 15 years, that Dallas metro will surpass Chicago metro in population.  The latest U.S. census figures released this past week show that based on early 2018 figures, Dallas metro reached 7,539,711 residents, gaining 165,000 over 2017.   Chicago dropped for the fifth year in a row, and is now below 9.5 million at 9,498,716.  Using the same statistics for 2019, it is expected that when figures are released, Dallas could top 7.7 million, and Chicago drop again, probably to around 9.45 million.    The three largest groups moving to Dallas in ranking order are Asian, White and Hispanic. 

  • Chicago Tribune, April 18, 2019
April
16

Currently city and school districts can raise taxes 8% a year without voter approval.

This new bill, passed by the Texas Senate, and now heads to the House, would limit the increase to 2.5% per year.

AUSTIN — Legislation that would slow property tax increases for home and business owners cleared the Texas Senate on Monday, after the sole Republican opponent of the bill stepped aside to allow the vote.

The vote was a victory for Lt. Gov. Dan Patrick, a longtime proponent of property tax relief and champion of the Senate bill. He was again pitted against his political foil, Amarillo Sen. Kel Seliger, the only Republican who openly opposes the bill. Seliger held it up for weeks before changing his mind Monday morning and voting to allow the debate to proceed.

"Today is a historic day," Patrick said after the vote. "We heard a lot of comments from the floor ... from those in opposition who were concerned about cities and counties and their budgets. We're concerned about the people's budget — that's what we're concerned about."

Senate Bill 2 passed 18-12 with Seliger joining the Democrats in opposition. One senator, Brownsville Democrat Eddie Lucio, was present but did not vote. The bill will be debated in the Texas House, which has written its own version of the priority legislation, a week from Wednesday.

Authored by Houston Republican Sen. Paul Bettencourt, a former tax assessor-collector, SB2 would slow property tax growth by limiting how much revenue local governments and school districts can collect each year. It would not make tax bills smaller.

SB2, which was changed on the Senate floor Monday, caps property tax revenue growth for counties, cities and special taxing districts at 3.5% a year, up from 2.5% in the original version. School districts would stay capped at 2.5% a year; however, they are getting a boost of new funding under separate legislation this session.

The cap could be exceeded if taxing districts hold elections and voters approve the increase. Currently, local governments can increase property tax revenue by up to 8% a year without an election.

  • Dallas Morning News, April 15, 2019
March
30

 

Meyers Millennial Desirability Index (MDI)

        SOURCE: Meyers Research

 

Dallas and Houston are the hottest spots in the country for millennial homebuyers. That's what analysts at California-based Meyers Research found in their annual "millennial desirability index" that rated the country's largest housing markets. Austin ranked third on the same list, which compared data on housing affordability, job growth, cost of living and other factors for major metro areas across the country. Meyers Research's director of research, Ali Wolf, said factors such as Texas' relatively low new home prices, strong economy and high quality of life push the state's major cities to the top of the list. Job opportunities, affordability and lifestyle were key factors millennials said they would consider in moving to a new city. Meyers' study is one of two recent studies that give North Texas high marks for first-time homebuyers.

  • Dallas Morning News, March 24, 2019
March
29

 Dallas and Los Angeles – The Top Markets for Investors

Dallas-Fort Worth is again near the top of a shopping list for commercial property investors — behind only Los Angeles in a new survey. For the third year in a row, commercial real estate firm CBRE ranked D-FW second nationally in its survey of property investors. Houston also made the top 10. Investors said industrial and warehouse buildings and apartments were their most targeted properties for 2019. "We are seeing unprecedented investor interest for industrial and logistics properties in Dallas-Fort Worth coming not only from U.S. investors but also global capital from Asia, primarily Singapore, Europe and the Middle East," Randy Baird, CBRE executive vice president of Industrial & Logistics, said in the report. "D-FW is capturing the interest of all forms of capital because we are at a central point in the U.S. supply chain, we have a pro-business environment with a low cost of doing business, and we have nation-leading population growth.

  • Dallas Morning News, March 21, 2019

 

 

March
27

Home Prices Fell in Dallas CountyThe latest North Texas housing market numbers are not very encouraging, to say the least. Home sales were down in many Dallas-Fort Worth neighborhoods in February, and median home sales prices dropped for the first time since 2008-2009 in both Dallas and Rockwall counties.  Dallas County home sales prices fell 2.5 percent in February from a year ago, according to the latest figures from the MetroTex Association of Realtors. Median sales prices slid 4.5 percent in Rockwall County.  Collin and Denton counties eked out tiny year-over-year home price gains last month — less that 1 percent ahead of February 2018.  The only solid home price gain in the region came in Tarrant County, where houses are still relatively affordable.  Lower and moderate-priced house sales are still strong while purchases of expensive properties have lagged.

  • Dallas Morning News, March 22, 2019

 

February
27

U.S. Home Starts

Homebuilders are starting off 2019 with hopes of another increase in U.S. sales, especially newly built houses. But the building industry also sees an upcoming drop nationally in purchases of preowned homes because of rising affordability issues. "2019 looks like a year of solid, if not spectacular, growth," said Robert Dietz, chief economist of the National Association of Home Builders. "I think new-home sales will be up a tad and existing home sales down." The building industry forecasts a 2 percent rise in nationwide home starts in 2019, making it the best year since the Great Recession. That's the most positive sign in this year's outlook. "We actually have existing home sales declining year-over-year in 2019," Dietz said at the industry's annual meeting this week in Las Vegas. The drop in existing home sales is likely to be between 2 percent and 4 percent this year, according to the latest industry outlook. Preowned home sales in Dallas-Fort Worth fell slightly in 2018 after several years of increases. The decline continued into the new year. Higher mortgage rates and record prices are blamed for the slowdown.

  • Dallas Morning News, February 19, 2019

 

February
23

American Airlines to add more Dallas-based Flight Attendants

American Airlines is beefing up its flight attendant base in North Texas as the carrier strives to reach its goal of 900 daily departures from Dallas Fort Worth International Airport. American Airlines Group, Inc. will add 700 flight attendants to each of its bases in North Texas and Los Angeles, and move 700 employees from the Phoenix area, a company spokesperson said. US Airways was based in the Phoenix area before merging with American in December 2015. Being "based" in a particular region means that's where flight attendants trips begin and end. There are already 5,700 flight attendants' based in DFW, so with the additions American will grow its flight attendant base at its largest hub by more than 12 percent.

  • Dallas Business Journal, January 18, 2019

 

February
20

DFW January Home Sales UpdateIn Dallas County, home sales by real estate agents fell more than 12 percent in January from the same month in 2018. Sales were down almost 13 percent in Denton County and down 10.5 percent year-over-year in Collin County. The smallest sales decline was in Tarrant County — 8.5 percent — where a larger inventory of more affordable houses on the market has made purchase activity stronger. Real estate agents are scrambling to adjust to the downshift in the local home market. "We are being realistic with our sellers, telling them you need to price your house at what it will sell for," said Cathy Mitchell, 2019 president of the MetroTex Association of Realtors. "I think this market correction is good for us." There was about a four-month supply of houses on the market in North Texas at the end of January.

  • Dallas Morning News, January 16, 2019
February
19

An increase in Home Listings in JanuaryA flood of North Texas houses hitting the market in January means it will take longer to sell a Dallas-Fort Worth home. The number of houses up for sale in Dallas County rose more than 43 percent in January compared with a year earlier, according to the latest numbers from the MetroTex Association of Realtors. Home listings were also up by more than 42 percent in Denton County and were 37 percent higher than a year ago in Collin County.

The wave of properties hitting the market comes at a time when home sales in the area are declining and price increases have evaporated. At the end of last month, there were almost 22,000 houses listed for sale with North Texas real estate agents — the largest January inventory in six years. More than 10,000 additional home listings hit the market in January alone. Real estate agents are warning sellers not to expect a quick sale like the market was seeing few years ago. "You can't expect to get 30 offers in 30 minutes," said Cathy Mitchell, 2019 president of the MetroTex Association of Realtors. "It's a market correction — we couldn't be sustainable the way the market was."

  • Dallas Morning News, February 16,2019
February
18

DFW area expects to remain in continued Job Growth for 2019Dallas-Fort Worth led the nation's metro areas in job growth in 2018, according to new data from the Bureau of Labor Statistics. The DFW region added 16,400 jobs over the course of the year. New York and Houston followed closely behind, with 115,500 and 108,300 new jobs. Cheryl Abbo, regional economist for BLS's Southwest office, said D-FW's showing is "somewhat unusual" on a national scale, especially considering the size difference between it and New York. D-FW has about 7.4 million people, compared with New York's 8.6 million. A handful of large companies moved workers and expanded operations in the region in 2018, including Charles SchwabLiberty MutualCognizantand NTT Data. Two Fortune 500 companies — McKesson and Core-Mark— announced plans to move corporate headquarters from California to North Texas this year. The Federal Reserve Bank of Dallas recently forecast a slowing in this year's employment gains, with the region expected to add 113,671 jobs.

  • Dallas Morning News, January 30, 2019
February
4

Curb Home-Selling Anxiety-RE/MAX DFW Associates

There's no doubt that selling a home can be an emotional experience, especially if you're doing it for the first time. The highs, lows, and unknowns of the sales process can be enough to put even experienced sellers on edge, so it's only natural to feel some anxiety as you work to sell your home.

Fortunately, there are plenty of ways you can limit anxiety while you're selling your home, and limiting anxiety can have the side-effect of helping you maximize the value that you receive for your home. Our real estate agents are here to help, with our guide to curbing anxiety while you're selling a home.

Click Here to Read More...

January
30

 

Dallas, Texas Housing Market Forecast: One of the 'Hottest' in 2019?

 

By Brandon Cornett | January 18, 2019 | © HBI,

 

Recent forecasts for the real estate market in Dallas, Texas suggest that home prices in the area could rise faster than the national average in 2019. A separate forecast from Zillow ranked Dallas as one of the top ten "hottest" housing markets of 2019.

Bold Outlook for Dallas Housing Market in 2019

At the start of 2019, the median home value for Dallas, Texas was around $201,000. (The median for the broader DFW metro area was a bit higher.) That was a gain of more than 13% from a year earlier, according to data collected by Zillow.

Predictions from housing analysts point to continued home-price growth throughout 2019. In fact, the Dallas real estate market is expected to outperform the nation this year, in terms of annual home-value appreciation.  Given the current rate of appreciation, it would not be surprising to see the median house price in Dallas rise somewhere between 7% and 10% over the next year.

Zillow's research team recently predicted that the median value in Dallas would climb by 11.2% over the next 12 months. That was a much bolder forecast than the one they issued for the nation as a whole, which predicted 6.4% growth.

Housing Supply on the Rise

Inventory is another important trend that could shape the Dallas-area housing market in 2019. This year, home buyers across the metro area could have more properties to choose from.  At the end of 2018, the Dallas real estate market had more than a 4-month supply of homes for sale. That was a higher level of inventory than most metro areas across the U.S., and also higher than the national average during that same timeframe.

The key takeaway here is that housing inventory in Dallas (i.e., the number of homes listed for sale) increased during the latter part of 2018. As a result, buyers who enter the market this year should have more options when it comes to choosing a property.

Dallas Makes Zillow's "Hottest" List

In January, Zillow published a forecast that included what they felt would be the ten "hottest U.S. housing markets for 2019." Dallas was ranked at number seven on that list.  To create their "hot list," Zillow examined a number of factors for the nation's 50 largest metro areas. They then combined these variables to create a "hotness" score. They looked for metro areas with strong income growth, growing populations, and low unemployment — among other factors.

A Cooling Trend Could Prevent Affordability Issues

The Dallas real estate market is something of a paradox right now, as we move into 2019. Home prices in the area continue to rise faster than the national average. At the same, however, there is clearly a cooling trend taking place.

Paige Shipp, regional director at MetroStudy, recently told The Dallas Morning News: "Dallas-Fort Worth, the nation's top new home market, is slowing from a frenzied, overheated pace to a more stable, normalized market. Builders and developers are hard at work delivering product to meet the strong demand for affordable new homes."

Dallas currently leads the nation in terms of new-home construction, according to MetroStudy and other sources. There were nearly 35,000 housing starts in the DFW area during the third quarter of 2018, more than any other metro. (A "housing start" is the beginning of construction for a house.)

If inventory continues to grow in this market — as expected — it will likely lead to smaller home-price gains in the future. And that's probably a good thing. When house prices rise at a much faster pace than local wages and income, it can create affordability problems. So a cooling trend could actually be beneficial at this point.

Disclaimer: This article includes housing market predictions for the Dallas-Forth Worth metro area in 2019. They were provided by third parties not associated with the Home Buying Institute. Real estate forecasts are the equivalent of an educated and are far from certain.

 

January
23

DFW Area Unemployment Rate Now 3.3%, Population 7.7 Million

Dallas Net Gained 127,000 Jobs in 2018

The Texas economy saw another month of low unemployment in December, a historic 43-year low that has continued since October, according to the Texas Workforce Commission. The DFW area unemployment rate dropped to 3.3%, with 127,000 net gain in jobs in the Dallas area for 2018. Texas has a net gain of 391,800 jobs, leading the nation in job gain.The demand is there for more job positions, but with the area tight labor market some jobs remain unfilled. 

  • Dallas Morning News, January 18, 2019
January
22

2019 Real Estate Transfer Tax

No Real Estate Transfer Tax

Texas is one of a handful of states that does not have a transfer tax when a seller sells their home. Dallas is one of the few cities in the nation that does not have a city transfer tax. Several years ago the voters in the state of Texas passed a constitutional amendment that disallowed any such taxes in the future. So not only do some 40 states have a transfer tax, the cities as well have an additional transfer tax. Another reason so many are moving to Texas. See below the city and state transfer tax on a home sale of $500,000 in selected northern cities.

2019 - Real Estate Transfer Tax

Based on a $500,000 Sales Price

CITY

 

STATE TRANSFER TAX

 

CITY TRANSFER TAX

 

TOTAL TAX

                 

Boston, MA

$2,280.00

   

$0.00

   

$2,280.00

Chicago, IL

$750.00

   

$3,750.00

   

$4,500.00

Los Angeles, CA

$550.00

   

$550.00

   

$1,100.00

New York City, NY

$2,000.00

   

$7,125.00

   

$9,125.00

Philadelphia, PA

$5,000.00

   

$15,000.00

   

$20,000.00

San Francisco, CA

$550.00

   

$3,400.00

   

$3,950.00

Seattle, WA

$6,400.00

   

$2,500.00

   

$8,900.00

 

January
19

Dallas is in Top 10 Markets for 2019

January
18

Dallas Leads Nation with In-Coming Moves

Even migration is bigger in Texas. 

Dallas-Fort Worth leads all U.S. metropolitan areas as the largest net gainer with 246 people arriving daily, according to a Bloomberg analysis of 2017 Census data on migration for the nation's 100 largest regions. In 2014, the crown belonged to Houston with 269 migrants per day.   After Dallas-Fort Worth, the rest of the top five also are Sun Belt beacons -- Phoenix, Tampa, Atlanta and Orlando. Seattle, at number six with a gain of 116 people daily, is the only cold-weather destination in the top 10. The daily influx surpassed 100 people in nine cities, while Chicago, New York, and Los Angeles saw an exodus of more than 100 people every day.

These figures exclude the natural increase in population, which is the difference between the number of live births and the number of deaths.  The migration trend has two channels -- international and domestic. Relocations can lead to large skill and investment transfers. People who choose to relocate to other parts of the country are taking their talents with them. States and local governments make a large investment in educating people and many people further this by investing in a college education, so when one moves, a large investment transfer is occurring.

Dallas-Fort Worth was the greatest beneficiary of domestic migration, adding nearly 59,000 domestic movers in 2017. Business relocations to North Texas have been steady since the Great Recession. In just the last few weeks, Fortune 500 companies McKesson and Core-Mark announced moves to the area. Both are leaving California.

  • Dallas Morning News, December 14, 2018
January
10

Home Prices Stumbled in December

Local real estate agents sold 9 percent fewer homes in December than they did a year earlier — the fifth month in a row of year-over-year declines in home purchases.  Last month 7,786 homes were sold through the agents' multiple listing service, according to data from the Real Estate Center at Texas A&M University and the North Texas Real Estate Information System. Last year's slight decline in home purchases in the area followed almost eight years of increases.  "It's still the second-best year ever," said Dr. James Gaines, chief economist with the Real Estate Center. "The whole state is reverting to a more normal market.  "We've been going really, really strong for years, and ultimately that slows down." Higher mortgage rates and record home prices in the Dallas-Fort Worth area have caused some prospective buyers to pull back from the market.

 

The number of homes for sale in the almost two dozen North Texas counties included in the report was 22 percent higher than a year earlier, with more than 21,000 preowned single-family homes listed for sale with real estate agents. On average it took 57 days to sell a property -- 8 percent longer than a year earlier. Even with the increase in inventory, there was only about a 2.4-month supply of houses listed for sale in the area at the end of December.

  • Dallas Morning News, January 8, 2019

 

January
9

Home Prices have risen over 40% in the last five years

Dallas-area home price gains slightly outperformed the national average in 2018.Dallas home prices rose 5.3 percent from 2017 levels while the U.S. price increase was 5.1 percent, CoreLogic reports. CoreLogic is forecasting that nationwide home prices will grow less than 5 percent in the year ahead."The rise in mortgage rates has dampened buyer demand and slowed home-price growth," Dr. Frank Nothaft, chief economist for CoreLogic, said in the report. "These higher rates and home prices have reduced buyer affordability," he said. "Home sellers are responding by lowering their asking price, which is reflected in the slowing growth of the CoreLogic Home Price Index." Along with Dallas' 5.3 percent year-over-year home price gain, CoreLogic found that prices were up 6.9 percent annually in the Fort Worth area and were 5.8 percent higher in San Antonio. Houston prices rose by just under 4 percent from a year ago. And prices in the Austin area were only 3.4 percent higher than in November 2017. 

Homeowners that CoreLogic surveyed attributed the growing home values as part of a strong national and local economy. "A strong economy helps homeowners feel confident about the value of their property," said Frank Martell, president and CEO of CoreLogic. "If recent declines in the stock market shake consumer confidence in the national economy, we may see homeowners' perception of home values change and a subsequent buyers' market emerge in 2019." Even with the declines in the rate of home appreciation, Dallas-Fort Worth home prices are at record levels and have risen more than 40 percent in the last five years.

  • Dallas Morning News, January 2, 2019
December
17

Winter Activities in the DFW - RE/MAX DFW Associates

RE/MAX Dallas-Fort Worth is the premier real estate office here in the "DFW" area – and the largest RE/MAX company in the southwestern United States. Our real estate agents do things big, and there's nothing bigger than the fun you can enjoy throughout Dallas-Fort Worth this winter!

For the coolest time this side of the Rio Grande, check out these local attractions:

  1. Go Shopping in Grapevine - Historic Grapevine Downtown Shops, North and South Main Street; Worth, Jenkins and Barton Street
    Grapevine offers the best local shopping right in the historic downtown area. The area is known for quaint local boutiques where you can find handcrafted holiday gifts. Everything from vintage antiques to western wear to gourmet food is available at dozens of shops.

  2. Click Here to Read More...

December
14

It's no secret that Dallas' home market has a winter chill.Home sales have slowed, along with the rate of home price increase in North Texas.The market changes have put Dallas on Realtor.com's list of the 10 cities hit hardest by a housing slowdown."In the last few months, the real estate market has actually begun slowing down. including in some of the big cities that have been leading the go-go post-recession housing boom," according to a report on the website. "To be clear, prices aren't always dropping in these places, which are predominantly located on the West Coast."Mostly, they're decelerating, coming back down to earth."

Realtor.com based its rankings on a year-over-year rise in home price markdowns, increases in listings and changes in overall list prices."There's a rebalancing that needs to happen," Len Kiefer, deputy chief economist at Freddie Mac, told Realtor.com. "Prices have risen so high in some of these markets that it's very tough from an affordability perspective [for buyers]. ... It's not surprising to me that we're seeing a little bit of a leveling off."

Median home prices in North Texas are still up about 5 percent compared with 2017 levels. But that's a much smaller number than the double-digit annual gains seen in recent years. Home list prices in the Dallas area are down 1.4 percent from a year ago, and the number of listings has grown 15 percent year over year, according to Realtor.com

  • Dallas Morning News, December 11, 2018
December
13

Buyer Perceptions in this Changing MarketThe declines in D-FW home sales and slower price appreciation are having a bigger impact on consumers' attitudes than their pocketbooks, analysts said.  "I am more concerned about the psychological impact of not-so-rosy housing news than I am about the actual underlying fundamentals of the housing market in the Dallas-Fort Worth market," said Daren Blomquist, top economist with Attom Data Solutions. "Certainly the data shows that the market has gotten somewhat overheated and is due for a slowdown, but that slowdown should just be a chance for the market to catch its breath rather than a trigger a panic attack.  "Jobs and people are still moving to the Dallas-Fort Worth area in large numbers, which ultimately should keep demand for housing solid," Blomquist said. "But the psychology of the market is more of a wild card and could result in a bigger slowdown or correction."

North Texas home sales would be higher if there were more moderately priced properties up for grabs, Paige Shipp of housing analyst Metrostudy Inc. said. "I believe 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," Shipp said. "D-FW has strong job and population growth, which equates to demand for homes.  "However, the increasing interest rates have exposed the fact that D-FW buyers cannot all afford homes priced above $400,000, she said.

  • Dallas Morning News, December 11, 2018
November
7

DFW Thanksgiving Events
Our real estate
agents
 are always available to help you meet your real estate goals here in Dallas-Fort Worth. At the same time, though, we're gearing up with gusto to enjoy another wonderful holiday season.

Everything's bigger in Texas, and we like to think that includes holiday fun, too. If you're looking for joy and cheer – either as a local or a visitor – then just check out these six options suitable for the whole family.

  1. Vitruvian Lights - 3966 Vitruvian Way, Addison, TX
    Vitruvian Park has always been one of the top spots to enjoy time with the family in Addison. Now, Addison homes for sale will be aglow thanks to the Vitruvian Lights. In past years, this show has included more than 1.5 million LED lights! The fun kicks off with a November 24 lighting ceremony including live music and snacks. The lights remain shining until January 1.

  2. Click Here to Read More...

November
5

Case Chart

Dallas-area home prices grew less than 5 percent in August from a year earlier, according to the latest nationwide comparison.  It was the first time in almost six years that Dallas-area home appreciation has been at such a low level in the closely-watched Standard & Poor's Case-Shiller Home Price Index.  "Following reports that home sales are flat to down, price gains are beginning to moderate," S&P's David M. Blitzer said in the report. "The seasonally adjusted monthly data show that 10 cities experienced declining prices.  Other housing data tell a similar story: prices and sales of new single family homes are weakening, housing starts are mixed and residential fixed investment is down in the last three quarters."

 

Home prices in North Texas have cooled in 2018 after years of double-digit percentage annual gains. Still, Dallas-area prices are about 45 percent higher than a decade ago, before the economic downturn and housing crash.  "There are no signs that the current weakness will become a repeat of the crisis," Blitzer said. "Without a collapse in housing finance like the one seen 12 years ago, a crash in home prices is unlikely." 

 

The slowdown in home price growth may be good news for potential buyers who have struggled to find homes they can afford.  "It's more welcome news for would-be homebuyers, who must be breathing a collective sigh of relief that home price growth finally has slowed," Skylar Olsen, Zillow's director of economic research, said in a statement. "Softening appreciation after the rapid growth of just a few months earlier is a sign that fierce competition is dying down.  Potential buyers who were intimidated during the heat of the market may find the breathing space now to make a calm, considered decision about whether to lock in a mortgage before rates rise further."

  • Dallas Morning News October 31, 2018

 

October
25

Prepare Home Fall Sale

Dallas homes for sale enjoy some of the most beautiful autumn conditions anywhere in Texas. Our real estate agents love every minute of it – and we also love helping people get homes ready to put on the market during one of the best times of the year.

No matter whether you're considering selling your home or want to spruce things up, there are several things you can do to be prepared. With a little effort at the start of the season, you can keep your property clean and neat.

A little work today can save you on repair bills and other troubles later! Plus, the weather couldn't be better for it.

Let's look at things every Texas homeowner should do to get ready for fall.

Click Here to Read More...

October
18

The latest forecast from CoreLogic calls for only about 2.7 percent home price growth in D-FW in the next 12 months.  -	Dallas Morning News, October 15, 2018

The latest forecast from CoreLogic calls for only about 2.7 percent home price growth in D-FW in the next 12 months.
- Dallas Morning News, October 15, 2018

Don't look for Dallas-Fort Worth on the list of cities economists expect to have the biggest home price gains in the year ahead. Nationwide prices are expected to rise by less than 5 percent in the year ahead, according Veros, a risk management and valuation firm. "Our latest VeroForecast indicates that on average, for the top 100 most populated metro areas, we expect 4.5 percent appreciation over the next 12 months," Eric Fox, vice president of statistical and economic modeling at Veros, said in the report. "We are forecasting that the overwhelming number of metros across the nation, approximately 97 percent, will appreciate, with just three percent depreciating during this period."

"The days of easy 10 percent price gains in one year are over," Lawrence Yun, chief economist for the National Association of Realtors, told real estate agents. For sure that is so in Dallas-Fort Worth. Median sales prices in North Texas were up 9 percent last year, and rose 10 percent in 2016 and 2015 and were 11 percent higher in 2014. Through the first nine months of 2018, median sales prices of houses sold by local real estate agents are just 5 percent greater than the same period last year.

A forecast for the next 12 months sees 2.1 percent home price growth in the D-FW area, according to CoreLogic. That's much less than their U.S. 1-year price forecast rise of 4.7 percent. After several years of double-digit percentage home appreciation in North Texas, the latest price forecasts may seem dismal. But a slowdown in home price gains is just what the D-FW area needs at this point in the cycle. The best way to prevent another housing bubble is to let a little air out of the market before things get too overvalued.

 

October
13

Dallas-Fort Worth has been named the top real estate market to watch in 2019         By Claire Ballor  – Staff Writer, Dallas Business Journal, October 10, 2018

With a relatively low cost of living and population growth projections that outstrip other U.S. cities by two times, Dallas-Fort Worth has been named the top real estate market to watch in 2019.

The Emerging Trends in Real Estate for 2019 report from PricewaterhouseCoopers and the Urban Land Institute ranked the Metroplex as the number one market for overall real estate prospects in 2019 out of 78 other cities.  Austin and San Antonio also made it into the top 20 for overall real estate prospects in the annual forecast report, which is compiled from thousands of interviews with real estate experts across a spectrum of industries.

Mitch Roschelle, a partner at PwC, said the economic data points analyzed for the report suggest the strength of the economy and the discipline being practiced in the real estate market.  "If there is a downturn ahead of us, it won't be real estate that caused it," he said. "Right now there's way more discipline in all activities in real estate than there has been in any other time in the modern era. We haven't gotten ahead of ourselves in terms of real estate development. I hope that real estate folks remain as conservative as they have in creating new supply."

Roschelle said he's seeing that conservative behavior in Dallas-Fort Worth and it has kept the market from getting ahead of itself despite the ever-growing demand and push for growth.

As for what makes North Texas the one to watch next year, he said several factors come into play.

"The things that have been important in years past have been markets that have low cost of living and low, relative to the national average, cost of doing business. That's where companies want to be and that's where people want to be," Roschelle said.

The low cost of living, low cost of doing business and tax efficiency continue to draw people to Dallas-Fort Worth, he said. And so much so that the area's population growth rate is projected to be more than two times the national average in 2019.

"The growth in the population is skewed towards younger folks in Dallas," Roschelle said. "The growth in the 0 to 24 age category is high and in the 25 to 40 category. [The population] is becoming younger, and those people are all the workers for the future."

But as the population in the Metroplex grows, affordable housing is becoming more of an issue. Although affordable single-family homes are a contributor to Dallas-Fort Worth's success, there aren't enough of them, according to the report.  The report says focus group respondents in the Dallas area pointed to an increasingly prevalent "not in my backyard" mentality as the reason for the slow down in available workforce housing.

"Dallas traditionally was a place where there was a piece of land, and if someone wanted to build on it, they just built on it," Roschelle said.  Now, though, developers are often met with a "you're not building that thing near me" attitude, which tends to add hurdles like cost and time, he said. This contributes to the problem that Dallas-Fort Worth is facing with additions to housing supply not keeping pace with demand.

What the Dallas area has going for it, though, is a diverse and stable employment base thanks to the wide spectrum of industries represented in the area, Roschelle said. The report indicates that the market is expected to have high growth and low volatility when it comes to employment in 2019.

Here are a few things the report says to keep an eye on in 2019:

Best bets

  • Industrial development investments: With the expansion of the e-commerce industry, industrial facilities, which are seeing historically low vacancy rates, will continue to be in high demand. "Barring a trade war of serious proportions, industrials offer great risk-adjusted returns," according to the report.
  • Garden apartments: "While the multifamily sector registered an overall NCREIF total return of 6.38 percent, the garden apartment component was near a double-digit total return at 9.33 percent," the report says. Appreciation in value is what accounted the over-performance for such properties. And the pricing for garden apartments, or low-rise complexes typically with direct access to outdoor space, reflects a higher-yield 5.7 percent cap rate compared to the 4.9 percent cap rate for mid-to-high-rise properties.
  • Quick-flip, value-add deals: Timing with these deals is key, the report says. They should be executed by 2020 to maximize late-cycle opportunity, "and the geographic focus needs to be in markets where assets have not yet been priced to perfection."
  • Redeployment of retail properties: "Many shopping center properties are just not going to come back as successful retail assets," the report says. But many have potential for alternative uses like mixed use for properties in close-in suburbs or distribution centers that can capitalize on the e-commerce trend.

Issues on the horizon

  • Insurance costs related to increasing natural disasters: The report says the volume of natural disasters in 2018 is evidence that the risk of such catastrophes – "most due to climate change" – has been intensifying. Because of this, insurers and reinsurers are experiencing massive payouts and will be pricing this into premiums in the future. "Having adequate coverage and budgeting for increased operating expenses should definitely be high on the list of items that property owners need to watch in 2019," according to the report.
  • Cybersecurity vulnerabilities: Cybersecurity issues that come with increasing interconnectedness have become more and more obvious and have affected many industries including real estate. "One REIT interviewee highlighted a need to establish industry norms and best practices for both primary defense purposes and for evaluating risk/reward parameters stemming from technology," the report says.
  • Infrastructure: Deficiencies in infrastructure are impactful for real estate. The report pulled data from the American Society of Civil Engineers, which shows the multitrillion-dollar shortfalls in investment in key assets and the associated costs that affect businesses. "By 2025, the United States sacrifices $3.9 trillion in GDP and $7 trillion in reduced business sales. Failure to address the issue means 2.5 million fewer jobs created and a shortfall of household income of $3,400 annually," according to the report.
  • Immigration: "The draconian approach to border security is a massive self-inflicted wound with immediate negative economic consequences and long-term weakening of our national growth potential," the report says. The impacts on demand growth, the reduction in the baseline for real potential GDP growth and the implications for bringing the country's fertility rate below population replacement level should be reasons for pause, it says.

 

October
12

 

Dallas-area home prices are rated as less likely to fall in a new risk assessment study. The Dallas area ranks as "low" in risk of a price meltdown in a new study by Arch Mortgage Insurance. That translates to about a 12 percent chance of seeing a price decrease by 24 months from now, according to the North Carolina-based company. Texas is still considered the country's most overheated housing market. Arch Mortgage estimates that home values in the state are more than 30 percent greater than they should be based on market fundamentals.  "Texas is likely to become riskier going forward since affordability continues to deteriorate at a rapid rate and it is easier to build there than in most states," the report said. "Among larger metros, Houston (22 percent) was the riskiest." Dallas-area home prices are currently at record levels. But the rate of home price appreciation has slowed significantly this year. Through the first eight months of 2018, median North Texas home sales prices are up about 5 percent.  Even with the higher prices, Arch Mortgage in its quarterly report ranked Fort Worth as the best market in the country for millennials to buy houses and get jobs. But they'd better not wait too long, the analysts said.

  • Dallas Morning News, October 3, 2018
October
11

The number of "For Sale" signs is growing in North Texas' housing market.  The Dallas-Fort Worth area has had one of the biggest increases in the country in the number of homes listed for sale, according to Realtor.com. D-FW ranked eighth among the 10 major U.S. markets with the greatest increase in home listings in September, up 14 percent from the same period a year ago, according to Realtor.com.  Local real estate market numbers show that almost 26,000 preowned single-family homes were listed for sale in August with North Texas real estate agents. That's the highest volume in six years.  Nationwide, home inventories are at a 5-year high, according to Realtor.com.  "After years of record-breaking inventory declines, September's almost flat inventory signals a big change in the real estate market," Danielle Hale, chief economist for Realtor.com, said in the report. "Would-be buyers who had been waiting for a bigger selection of homes for sale may finally see more listings materialize.

  • Dallas Morning News, October 3, 2018
October
10

North Texas Home Sales Drop

North Texas home sales dropped in September by the largest percentage in more than seven years. Preowned home sales in the area fell by 7 percent from September 2017. That was the biggest year-over-year sales decline since early 2011, according to data from the Real Estate Center at Texas A&M University and North Texas Real Estate Information Systems.  Home sales by real estate agents have been down in three of the last four months. Higher mortgage costs and years of rising home prices have caused some buyers to pull back from the market.  Mortgage rates on average are currently about 4.7 percent — the highest level in seven years — and are expected to go higher in 2019.  With September's sales decline, preowned home sales by real estate agents in North Texas are now flat with the same period of 2017. A record of more than 106,000 homes sold in the area last year.  "We think things are going to be flat," said Dr James Gaines, chief economist for the Real Estate Center. The Dallas-Fort Worth housing market has cooled significantly since early in the year when sales were still up by double-digit percentage rates from 2017 levels.

Home price growth has also slowed.  Median home sales prices rose by 4 percent in September from a year earlier to $251,000.  For the first nine months of 2018, prices are up 5 percent from the sale period in 2017. With sales declining, the number of houses on the market in North Texas has growth to 25,895 preowned single-family homes listed with real estate agents at the end of last month. That's 16 percent more homes for sale in the area than a year ago.  On average it took 44 days to sell the houses that trade in September — up 5 percent from a year earlier. Currently there is about a 3-month supply of homes available for purchase in the more than two dozen North Texas counties included in the survey.

  • Dallas Morning News, October 9, 2018
October
4

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One great example is the Museum of Dallas County History and Culture.

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September
20

"I would expect this somewhat disappointing spring selling season will be a bit of a wake-up call for (North Dallas suburban) home sellers, and they will eventually consider lowering asking prices, which in turn will bring some buyers back to the table," Attom Data economist Daren Blomquist said.

 

Sales Slow in North Dallas Suburbs

 

The slowdown in Dallas-Fort Worth's housing market may be worse than at first glance. Sales of preowned single-family homes dropped 1 percent annually in August in all of North Texas, according to the latest numbers from the Real Estate Center at Texas A&M University. Those numbers include data on more than two dozen counties stretching from the Red River to Waco. When you drill down in the numbers to just the immediate D-FW area, August's dip in home purchase activity was much larger. In the Dallas area, sales of preowned homes by real estate agents fell by about 4 percent in August from a year earlier. Fort Worth-area sales managed to eke out a 1 percent year-over-year rise in home purchases made through real estate agents. But some Dallas-area residential districts saw marked declines in home buying last month.

Real estate agents say the overall numbers understate the housing sector cooldown. A look at individual neighborhoods gives clearer insight into the state of the market.  Sales last month were down almost 31 percent in Far North Dallas. They dropped 24 percent from August 2017 totals in Allen, and were off 21 percent in Coppell. Plano had a 16 percent year-over-year sales decline and sales were down more than 11 percent in Richardson and about 9 percent lower in Frisco. Not all of North Texas' markets saw the housing market hit the brakes. Sales soared 40 percent in Prosper, for instance, and were 37 percent higher in DeSoto. The pricey Park Cities market had a 29 percent jump in August sales from the previous year.

  • Dallas Morning News, September 17, 2018
September
15

Texas Home Sales Update

Texas has been one of the fastest growing housing markets in the country in the last few years. The state has led the nation in homebuilding and Texas' major metros - Houston, Dallas-Fort Worth, San Antonio, Austin - have had big increases in the number of preowned home sales. But the latest snapshot of the Lone Star State's hot housing market is a mixed bag. While statewide home sales rose almost 3 percent in the second quarter from 2017 levels, sales in the D-FW area slowed for the first time in years.  And sales barely rose in the Austin area, according to the latest data from the Texas Association of Realtors.

"The demand for housing remains at an all-time high, but statewide we're seeing a slower rate of increase in sales compared to previous quarters due to the lack of inventory of properties for sale," Dr. James Gaines, chief economist with the Real Estate Center at Texas A&M University said. Rising prices and higher mortgage rates have also dampened buying in some neighborhoods. Even with the dip in sales, the D-FW led the state in second quarter home sales by real estate agents with 28,934 properties changing hands.

D-FW home sales were 0.8 percent lower than in second quarter 2017. Statewide median home sales prices rose by 4.4 percent in the period ending with June. D-FW had the biggest jump in the number of homes for sale in the second quarter of any major Texas metro area. The number of homes on the market in North Texas grew by 14 percent, according to the Realtors.

  • Dallas Morning News, September 13, 2018 (online)
September
7

Percent of Prospective Home Buyers

  Source: National Association of Home Builders
 

Is the housing boom running out of gas?  During the last few years, the home market has been on a tear in North Texas and in other parts of the country, with prices soaring and buyers lining up as soon as a sign hits the front yard.  But there are growing signs that the fast-paced housing market is shifting gears, with a decline in sales in many markets and smaller price increases.  In July, U.S. preowned home sales fell from a year ago for the fifth month in a row. And nationwide new home sales were down almost 2 percent in July, causing analysts at IHS Markit to question if the bull home market has turned bearish.  "The economy is strong. Labor markets are solid. Yet, new home sales and single-family housing starts and permits have stalled. How can this be?" said Patrick Newport, executive director of the U.S. economics team at IHS.

Newport said rising home prices and higher mortgage rates have cooled the ardor for home buying.  "This has choked off demand," he said. A slowdown in immigration and household formation could also be factors, Newport theorizes.  In North Texas, year-over-year preowned home sales have fallen in many neighborhoods, and for the entire region, year-to-date sales were up a measly 2 percent as of July.  At the same time, the double-digit percentage home price gains of the last few years have faded in Dallas-Fort Worth. Through the first seven months of 2018, median home sales prices were up only 6 percent from the same period last year, according to sales data from real estate agents.

Property agents say that some first-time buyers have given up after losing out to other buyers or all-cash investors who snapped up affordable homes.  At midyear, the number of prospective U.S. homebuyers who said they planned to make a purchase in the next 12 months fell to just 14 percent — down from 24 percent in fourth quarter of 2017, according to the National Association of Home Builders. That's still another sign that the home market — while not in a traditional bubble — may be headed for slower sales in the year ahead.  "It's clear that the winds that have boosted sellers over the past few years are ever-so-slightly starting to shift," said Zillow senior economist Aaron Terrazas.

  • Dallas Morning News, August 27, 2018

 

July
25

Frisco, for the first time in at least five years, topped the U.S. Census bureau's list of fastest-growing big cities in the nation, adding an average of 37 new residents every day for a population jump of 8.2 percent, data released Thursday showed.   The booming Dallas suburb also landed in the ninth spot in terms of the raw number of residents it added over the year that ended in July -- an impressive feat for a city that, at 177,286 people, is still relatively small.    The 14 largest cities in the country didn't change from the prior year.  Which means that Texas surpassed California's share of the top 15 list, with five cities making the cut. California -- which has about 11 million more residents than the Lone Star State overall -- had four.

Texas among the highest rate of increased population

 

July
24

Dallas-Fort Worth was one of the top destinations for domestic migrants from California in 2017, according to a recent study.  There were 1,051 moves from coastal California, the home of some of the country's toughest housing markets, to Dallas in the first quarter of 2017, according to Alexandra Lee, a housing analyst with the real estate listing and research site Trulia, which did the study.  Out of 19,132 moves out of the region during that time period, 5.5 percent went to D-FW.   Houston is also a popular destination for people fleeing the California coast — 3 percent of the migrants in the study came to Texas' most populous city, meaning that 8.5 percent of those in the study came to either Dallas-Fort Worth or Houston.   The Trulia report looked at census data for transplants from four coastal California hubs: San Francisco, San Jose, Los Angeles and San Diego. Homes in those markets listed for an average of $720,000 in March 2017, Trulia says, compared to $313,000 in Dallas and $250,000 nationally.   The home prices in these cities is clearly a major determinant in whether people leave California and to where they move, Lee said over email, but it's not the be-all and end-all.  Texas is a big destination for job-to-job flows, a U.S. Census Bureau-designed statistic that measures flows of employees from one company to another when they've been at each company longer than three quarters. The biggest source of these flows is California, which contributed 6,884 in the first quarter of 2016.

  • Dallas Morning News, June 28, 2018

 

Californians Continue Moving to Texas

July
11

Below are the top 20 districts in which property owners paid the biggest Robin Hood tax in 2018, along with the cumulative payments into Robin Hood since 1994. Included in the chart is the federal, state and local tax revenue allocated to the district's operating budget and across all funds – net of recapture – on a per student basis.  *School districts with relatively low enrollment (below 1,500 students)

 

Coppell and Highland Park Pay the Most Per Capita

Property taxes continue to rise, but increasingly for taxpayers in North Texas, those dollars aren't going to local school districts.  According to estimates from the Texas Education Agency for the 2018-19 school year, 25 D-FW school districts are expected to surrender $539 million back to the state through recapture, the mechanism designed to better balance school funding between "property-rich" and "property-poor" districts.  Statewide, the TEA estimates that 217 school districts will be subject to recapture for the upcoming school year, with $2.69 billion of local property taxes siphoned back to the state.  

 

In the North Texas area, Coppell and Highland Park school districts send the most to the state per capita, both classified as "property-rich" districts to help pay for the "property-poor" districts around the state, mostly along the Texas border with Mexico.   Interestingly, Frisco ISD has not been classified as a "property-rich" district but that may change as early as next year, in which then millions of tax dollars will be required to be sent to the state.  This will be a financial dilemma for Frisco since the school district has been unable to get voter approval for higher taxes. 

June
23

The Dallas-Fort Worth region, once again, added the most new residents of any metro area in the country -- roughly 400 per day, or a total of 146,238, over the year that ended in July, census data released Thursday shows. That kept D-FW firmly in its spot as the nation's fourth-largest metro, though the region is catching up to Chicago, whose population has been sliding as economic factors tip the scales in favor of Texas, experts say. The thousands of people moving in both from other states and abroad have powered a population boom in Texas and especially in D-FW, where leaders have made a point of pitching its relatively low costs of living and business-friendly regulatory environment to companies located elsewhere. On the list of the counties that saw the biggest gains over the year, six out of 10 were in Texas, including Denton and Collin counties, which were ninth and 10th, respectively.

"When [Collin and Denton] were smaller, they were up in the top 10 in terms of the rate of growth, and now they're cracking the top 10 in terms of numeric growth because the foundation is there," he said. "The economic development that's going on up there is drawing migrants into those counties."

Largest-gaining counties by numeric increase: 2016-17

That, he said, is where the Chicago area seems to be struggling.As of January, Chicago's annual job growth had been the slowest of any of the nation's 12 biggest metro areas. In that same report, D-FW ranked second, behind Phoenix, which also added thousands of residents last year.  Meanwhile, the Chicago metro lost more than 13,000 residents. Cook County, which is home to Chicago, lost the most people of any county in the country.  Potter said he couldn't pinpoint an exact time when D-FW will surpass Chicago, it's possible that it could happen in coming decades. "It depends on what happens in Chicago -- if they continue to lose population and if D-FW continues the pace that it is," he said. "We could see it in the next decade or the one after."

According to projections from Potter's office based on growth trends from 2000 to 2010, D-FW's population is expected to grow to almost 10 million by 2030.  And experts don't expect that to slow anytime soon.  Still, Potter said that as living costs rise in D-FW and decline in Chicago with shifting demand, some of the differences between the two metros could even out.

  • Dallas Morning News, June 21, 2018

 

June
18

Unemployment Rates

Dallas continues to add over 100,000 jobs annually and the unemployment rate has remained at 3.6 percent, a very low level not seen in the past 20 years.   While the outlook is for continued rapid growth in the region, it depends critically on a steady flow of workers into the state and on trade-friendly policies.  Already the fourth largest metro area, Dallas-Fort Worth is growing faster than the nation — about 2 percentage points faster so far this year. However, this outsized performance is only possible with robust labor force expansion. The D-FW labor force increased 3.1 percent over the past year, while the participation rate — the share of people working or seeking employment — was little changed. Thus, the bulk of workforce growth is due to migration.  Net migration from other U.S. states was responsible for 40 percent of D-FW's population increase in 2017, while arrivals from other countries accounted for 20 percent. In fact, since 2010, D-FW has had the highest population gains from total net migration among all U.S. metro areas.

  • Dallas Morning News, June 15, 2018
May
30

by Seth Fowler

 

(This article appeared in Candy's Dirt.  It is specific to the Ft Worth side of the Metroplex, but the facts are the same for all of North Texas.)

 

Real Estate Slowdown

Some will agree, and some won't,  but data doesn't lie — we are heading into a real estate slowdown.

 

First of all…R-E-L-A-X.  No, we are not heading toward a recession.  No, the housing market isn't crumbling.  No, it's not time to sell your home, stock up on canned beans, ammo, and get off the grid.  But the real estate market is changing … dare we call it a slowdown?

How Can You Say It's a Slowdown?

How can I say this? We are in the midst of an historical real estate boom like we've never seen before and everything we hear and read says the market is hot, hotter, hottest!  Please hear me: the Dallas/Fort Worth Metroplex is still by far the absolute best place in the world to live, work, play, and own real estate.  The daily, weekly, monthly growth that is happening to this part of the state is still out of this world.

But the market is experiencing a slowdown.  Interest rates are rising .  Municipalities are getting more and more greedy with property taxes.  Home values are increasing at a rapid pace.  New home construction is increasingly expensive and not meeting demand.  Wages aren't increasing as quickly as prices and that's causing a slowdown in the real estate market.

 

In Part One we will look at those factors and how they combine to cause this slowdown.  In Part Two next week, we will discuss whether or not an actual slowdown in the real estate market is a good thing, a precursor to doom-and-gloom (again, R-E-L-A-X), and what it means for buyers and sellers in this brave new world.

Just The Facts Ma'am

According to the Fort Worth Housing Report distributed by the Greater Fort Worth Association of Realtors, the median sales price of homes is going up, up, and up.  Up 9.7 percent from February 2017 to 2018 at $214,000.  Up 9.3 percent from March 2017 to 2018 at $219,750.  Up 7.3 percent from April 2017 to 2018 at $220,000.  We see that the overall price continues to increase, but the percentage from year-to-year is falling a little bit.  Across the country home prices increased 8.7 percent over the past year according to a recent Zillow report.  Increases like this simply are not sustainable in the long run for a stable economy.  While sellers enjoy their large return on their investment, fewer and fewer buyers are able or willing to pay these steep increases.

Active Listings And Days on Market

From same reports active listings were up 3.4 percent from February 2017 to 2018 at 1,668 homes.  Up 6.4 percent from March 2017 to 2018 at 1,851. Up 17.1 percent from April 2017 to 2018 at 2,105.  The more listings the better right?  Well, yes and no is the answer.  Yes more listings on the market the better for buyers.  But that's only if they are good listings that are priced correctly.  Days on market has also increased.  Homes sat for one day longer in February 2018 than 2017 at 43 days.  Seven days longer in March 2018 than 2017 at 44 days.  Seven days longer in April 2018 than 2017 at 37 days.

No — not time to panic — but numbers don't lie.  Buyers are gaining some control.

Word on The Street

While considering this article over the past month or more, I have talked to many agents, lenders, and title company officers in the D/FW area and 100 percent of them have mentioned how it appears that the buyers are finally pushing back at the skyrocketing prices.  Sellers have been in control for a number of years when it comes to asking price.  Depending on the range, sellers have tended toward higher asking prices and buyers have very little recourse.  If a buyer wants a house then they'll meet asking price … or go higher.  As inventory increases (albeit slightly) we are seeing buyers be a little pickier and price conscious.  It's not as if buyers are offering 50 cents on the dollar, but more than ever in the past year we are seeing lower offers as homes sit longer on the market.  Of course there are variables like price range and location and condition of homes — I know that — so these stats might not apply for all homes universally.

In Summary

We have been living in the longest real estate boom in the history of ever.  It's not going away, it's just not booming like it was, and I contest that it will not boom like that again.  A slowdown is happening and will continue to happen.  While this might cause panic for some, it could also be just what our overall economy needs — balance.  Come back next week and see what else I have to say.  If you disagree with this article — or if you agree — hit me up, let me know, I'd love to hear YOUR perspective.

Well that's all from Tarrant County this week Dirty Readers.  Thanks for reading and following and sharing!  As always, if you have questions, comments or great ideas for a blog … hit me up!

Seth Fowler is a licensed Real Estate Sales Professional for Williams Trew Real Estate in Fort Worth, TX.  Statements and opinions are his and his alone.  Seth has been involved with the home sales and real estate industry in the Fort Worth area since 2004.  He and his family have lived in the area for over 15  years.  Seth also loves bowties!  You can reach Seth at: 817.980.6636 or seth.fowler@williamstrew.com.

 

May
17

10 Markets Where Home Prices Aren't Rising

 

A new look at the prices sellers are asking for their homes is another sign of a shift in the North Texas housing market.  Dallas-Fort Worth made it onto a list of 10 major cities that are seeing declines or just tiny increases in the asking prices for houses up for sale.

Researchers at property market firm Trulia compared major home market to see where list prices for homes were rising and where they were falling. All four of Texas' major home markets made the ranks of places where home value increases are stalling.  That's obviously nowhere near the double-digit percentage annual home price gains North Texas recently saw.   Trulia estimates that the median price of homes up for sale in D-FW was $356,999 in March.  In March, homes listed for sale in North Texas traded for 98 percent of what they were listed for, according to local real estate data.  Trulia's report that D-FW sellers aren't jacking up their asking prices as quickly this year is another indication that the home market dynamic is changing in the area.

  • Dallas Morning News, May 8, 2018
May
16

Top U.S. Gain MarketsThe D-FW area added more than 100,000 jobs in the year ended in March, according to preliminary figures from the Bureau of Labor Statistics. So far in 2018, D-FW has stayed near the top of the list of U.S. cities with the fastest-growing employment sectors. Job gains in North Texas have topped 100,000 a year for more than four years — an unprecedented economic boom. As long as companies keep bringing so many new jobs to the area, the real estate market will continue to thrive. Add to the jobs, the surge in population growth. Last year, D-FW grew by more than 146,000 people — more than any other major U.S. metro market. More than half of that population gain was from people moving to the area to fill all those newly created jobs.
- Dallas Morning News, May 4, 2018

 

May
15

Texas Home SalesThe Dallas-Fort Worth area led the state in first-quarter home sales.  Local real estate agents sold more than 20,000 homes in the area, according to a new report by the Texas Association of Realtors. It was more than a fourth of the total 70,292 Texas homes sold in the first three months of 2018.   The Houston area was a close second with 17,652 sales.   While D-FW hung onto its lead in Texas sales, the number of home purchases increased from first-quarter 2017 by less than 1 percent.  D-FW's housing market shows signs of cooling from several years of rapid increases.   D-FW median home sales prices in the first quarter were at an all-time high of just under $260,000, according to the Texas Association of Realtors.

  • Dallas Morning News, May 9, 2018

 

May
8

Dallas Relay for Life
Get ready, get set, and mark your calendars for May 19. That's the day Relay for Life is coming to Dallas to help raise funds and awareness for the American Cancer Society. We hope to see you there!  Our REALTORS® work and live in Dallas and believe in giving back to their local communities.

Click Here to Read More...

April
5

Dallas Arboretum
One of the best things about living in the Dallas/Fort Worth Metroplex is the weather, which makes it possible to grow an amazing number of flowers, some which will bloom all year long. One of the best places to see the beauty of the horticulture of our area is the Dallas Arboretum, located at 8525 Garland Road, on the shores of White Rock Lake. 

Click Here to Read More...

March
5

DFW Home Offer Accepted
If you follow local real estate news, you already know that North Texas has been identified as one of the country's hottest real estate markets. Home prices are rising and sellers are expecting to sell their homes at their asking price or better. Whether you're considering Dallas homes or Fort Worth homes, you're negotiating in a seller's market. You must bid conscientiously or risk missing out on a home you love. 

Our REALTORS® understand it can be difficult for your offer to get a seller's attention, especially when they realize that the next buyer might be willing to pay more. When you're ready to begin your home search, we'll be here to help with "Six Secrets for Getting Your Offer Accepted."

Click Here to Read More...

January
3

More Millennials Consider Dogs in Their Home-Buying Decision

Home Buying Dogs

There are many people in the world who love dogs, but you can't always include landlords on that list. While a landlord may love their own dog, they're typically less enthusiastic about the four-legged friends of their tenants. Combine that with the fact that dog owners love giving their pets room to roam the outdoors, and you can see one of the hidden motivations that inspire many renters to purchase a house of their own. So in a way, home-buying really is going to the dogs, and that's not a bad thing!

Our REALTORS® have the details on this growing trend, along with other key reasons buyers choose to purchase a home for the first time. 

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December
18

Dallas Counts Down to 2018

Dallas New Years Eve Spots

Are you ready to close out 2017 in style, with an unforgettable night of fun in your favorite city? New Year's Eve in Dallas is always a big deal, and the schedule of special events in the city is a mile long. Whether you're looking for a night of great music, a glamorous party, or a fun event that the whole family can enjoy, you'll find it in Dallas on New Year's Eve. Our real estate agents are looking forward to the city-wide celebrations, and we have the details on some great New Year's Eve events in Dallas this year.

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November
22

Christmas in the DFW
Getting ready to plan for holiday fun in the Dallas-Fort Worth area? Our real estate team is ready to deck the halls, and we've got the details on 10 great events in DFW for this holiday season. While you're planning, you can also click on the city name in any listing to view homes in that community.

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October
12

DFW Community Halloween Events
Families with homes in Fort Worth have their choice of Halloween thrills and chills. Your whole family can walk the neighborhood in quirky disguises. You can fill your days and nights with planned events and whimsical, scary adventures. But not too scary!

When the smallest goblins take part in family Halloween fun, it's important to steer clear of super scary events. Traditional haunting venues may frighten young children a bit too much. They may cause little people nightmares that keep the whole family up late at night.

Our real estate agents know a lot about local businesses, attractions, and family-friendly events. We draw on that knowledge to recommend a list of Halloween events that promise fun for the entire family.

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July
11

Buying Dallas Condo
Thinking about buying a house? Are you interested in condos for sale in Dallas?

As the leading city in the Dallas-Fort Worth Metro Area--the #4 most populous metro zone in the US--Dallas has something to offer everyone. It has a history as an economic engine for the whole region and attracts professionals of all stripes.

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May
9

Celebrating Mom in Dallas-Fort Worth

Dallas-Fort Worth Mothers Day Celebrations

Brunch and flowers are two of the best ways to show Mom how much you appreciate her on Mother's Day. Here are some great options in the Dallas-Fort Worth area for showing your mom how much she means to you.

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