Articles Tagged "RE/MAX DFW Associates"

The North Texas housing market is downshifting quickly, with Dallas-Fort Worth being the only U.S. market to see a decrease in home sale prices last month, according to a report released today.  DFW home prices are down 1.9% year over year in July, according to the latest Re/Max National Housing Report.

And what a difference a month makes.  Last month, DFW led the U.S. for home price increases, with June prices up 29.3% over the previous year.   In hard numbers, home sales prices in DFW fell to $413,900 in July from $422,000 in July 2021.   Homes in DFW spend an average of 23 days on the market before selling.

Higher interest rates and inflation, as well as record home prices, triggered a sharp drop in demand for housing, said Todd Luong, a realtor with Re/Max DFW Associates:  "Here at our Re/Max office in Dallas-Fort Worth, our listings are currently getting on average 2.7 showings per week," Luong said. "Last year, at this same time, our listings were earning on average 5.9 showings per week. That is a huge drop in buyer demand compared to the previous year. Record home prices and higher mortgage rates have forced many potential buyers out of the market, especially first-time homebuyers."

While the latest trends may disappoint some sellers, buyers now have more choices and better opportunities for good deals, Luong said.   Luong said that the DFW housing market has been challenged with low inventory for years and reached an all-time low earlier this year, with only a two-week supply. Now, however, inventory is increasing.  "Although buyers have more choices now, it is still not a balanced market as we only have about a two-month housing supply," Luong said. "In a normal market, you have about a five to six-month supply of housing."

A new report from Zillow also found falling home values, although the numbers didn't match Re/Max's precisely because of different study methods and different geographic definitions of DFW as a metro area, among other reasons.  According to Zillow's findings, the Dallas-Fort Worth metro area's typical home value is $396,904, down 1.1% since June, the first month of decline. Values are up 55.4% since July 2019.

Zillow also reported that the mortgage payment on a typical home in DFW is $2,633 a month, including taxes and insurance. That's up 77.4% compared to July 2019.

According to Zillow, inventory in DFW has risen 10.2% since June, and the share of listings with a price cut in July was 22%, compared to 15.6% in June.  Nationwide, after two years of unprecedented growth, home values fell for the first time since 2012 as competition for houses eased, according to Zillow's July market report.

The slowdown is being driven by decreased competition among buyers. Zillow's analysis says that affordability pressures have pushed many to the sidelines, and buyers are waiting in the wings to resume their search if and when prices relax a bit.  Skylar Olsen, Zillow's chief economist, called the flattening of home values "a badly needed rebalancing.  This slowdown is about discouraged buyers pulling back after the affordability shock from higher rates," Olsen said. "As prices soften, many will renew their interest, and we will continue our progress back to 'normal.'"

Luong said he sees positive signs in the market.  The interest rate for a 30-year fixed mortgage dropped below 5% after peaking in June. More than 290,000 new jobs were added in Dallas-Fort Worth last year, so North Texas has one of the strongest labor markets in the country.   "Reasonably priced homes that are in good condition and move-in ready are still selling very fast," he said. "However, the bidding wars have subsided considerably across the board."

• Dallas Business Journal, August 19, 2022

While higher mortgage rates have driven many buyers out of the North Texas housing market, home prices still soared in June more than in other red-hot U.S. metros.  The median home price in Dallas-Fort Worth reached $426,000 in June, up 29.3% from $329,500 in June 2021, according to REMAX's just-released national housing report.  

U.S. home prices were up 11% from a year ago.  D-FW saw the largest year-over-year increase in median sale price among the 53 metro areas analyzed by the brokerage. Some major markets, such as Austin, are not included in the report.  Home sales were down 11.8% in the metro area, with nearly 10,000 transactions, according to RE/MAX. Home inventory has nearly doubled from a year ago to 14,404 properties. Even with the sharp increase year over year, prices were down slightly from May. 

Dallas-Fort Worth home prices still soaring

Of all 53 metro areas RE/MAX analyzed, the company found Dallas-Fort Worth's median home price grew the most from June 2021 to June 2022.

Table: Mitchell Parton/DMN  Source: Re/Max National Housing Report  

Mark Wolfe, owner of RE/MAX DFW Associates, said homes are still selling over list price, especially in places like Collin County and Denton County. Some offers will even come in as much as $60,000 over list price when they are the only offer, a carryover from the busier market when buyers had to offer above the asking price if they wanted to get a home.  

People relocating from California have no problem paying $50,000 to $100,000 over list price to make sure they get the home they want, and they will still see it as a good deal, Wolfe said.  "Especially in the northern suburbs, we have a tremendous amount of California homebuyers," he said. "They're flushed with cash." 

Nationally, home sales dropped 17.6% since last June and inventory grew for a third consecutive month, up 34.1% from May.  "The market is moving toward greater balance, especially with inventory gains and the slowing of price appreciation. The past few years have been one of the most competitive times ever for buyers — and we're finally seeing conditions ease up," Nick Bailey, president and CEO of RE/MAX, said in a statement.  

Wolfe said that a quarter of all listings on the market in D-FW are now seeing price reductions, as homes aren't selling as quickly as sellers and agents expect. Homes seeing price drops were likely overpriced to begin with, he said.  The number of showings per listing at Wolfe's offices are down from eight each week last year to an average of three now. Homes are taking weeks instead of days to sell, and more inventory is available.  "But three showings a week is really still a good market," Wolfe said. "It's a little bit more of a normal market than the boom we've had for the last two years."

• Dallas Morning News, July 18, 2022

31% of Closings in Exurb Counties

Forget Dallas, Tarrant, Collin and Denton Counties.  The move is on to the exurbs.   This month, November 2021, 31% of all RMDFW home closings were NOT in the main four metro counties.   The closings were in Kaufman, Rockwall, Ellis, Grayson, Hood and Johnson counties – the new exurb counties of the Metroplex.  Affordable, new housing is sprouting up 25, 35, 45 miles away from Dallas – and young millennial families are snatching them up.  One year ago, 15% of all November RMDFW closings were new homes sales.  This November it is about 42% - a huge increase.  Since there is a lack of inventory for new homebuyers, they are moving further out to the exurbs.   Kaufman County (Heartland, Forney, Crandall) leads the way, then Rockwall County (Royce City, Fate), then Grayson (Van Alstyne, Melissa).

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. 

Wouldn't it be nice to live in a city where you can have it all, without breaking the bank? While so many of the most popular cities to call home come with a cost of living that's significantly higher than average, that isn't the case when you live in Plano, TX. Plano offers all of the benefits of the best cities, with an affordable cost of living that makes it easy to enjoy all the city has to offer. Our real estate agents have all the details on the affordable cost of living in Plano and why it's such a great place to call home.

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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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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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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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If you're interested in buying a home, you may live in another city and find it difficult to travel to see each house you're interested in. Or perhaps you'd simply like to save some time and rule some houses in or out without seeing them in person. That's why video tours of homes for sale are becoming more and more popular with prospective homebuyers.

Our real estate agents suggest that you ask your REALTOR the following questions during a video tour:

• Do you notice any indoor or outside odors?
  Your agent should be able to tell you if there are any unusual or unpleasant smells in the home, including those associated with pets, sewage, or a musty odor. Outside smells are also important to note so you can make sure the home isn't located near a garbage dump, paper mill, or other industrial site.

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As culinary icon Julia Child so aptly stated, "A party without a cake is just a meeting." Our real estate agents happily agree that any occasion becomes even more special with a tasty, beautifully-made cake. Add the icing on top of your next event when you order a custom cake from one of these top bakeries around the DFW. 

• CC's Cupcake Heaven - West Fort Worth, TX
  Whether you're hosting a formal party or an intimate family gathering, CC's Cupcake Heaven has you covered. Full-size cakes may be customized to make your personal vision a reality. Cupcakes and mini-cupcakes come in dozens of mouthwatering flavors, such as Coffee Caramel Crunch, Kit-Kat Creation, and Raspberry Lemonade. Bite-sized cake pops serve double duty as edible decorations or favors. Order by phone, text, or website for pickup only minutes from Fort Worth homes for sale.

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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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Even though most homeowners use their driveways every day, it's a commonly overlooked area when it's time for home maintenance and upgrades. If your driveway is starting to show its age or is need of a little TLC, you have a few options to get it looking its best.

Before you add your property to the inventory of Dallas homes for sale, taking care of any driveway issues will ensure your home shows well with potential buyers and help you maximize its value. Here are some options to help you improve your driveway.

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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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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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Our real estate agents here at RE/MAX DFW Associates know that sellers have been bouncing back in our area for weeks now. It's about time for buyers to join the excitement and check out all of the great Dallas homes for sale that are hitting the market!

And that market is right for first-time home buyers.

Many people put off the decision to buy a home because they aren't sure about their finances or worry about their credit. With historic low interest rates, however, now's the time to test the waters. If you're interested in buying a home, you can begin working on your credit and make a big difference.

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Whether you've been playing the guitar for years, or you just want to take up a new hobby, you'll find everything need at these shops around the DFW. Our real estate agents share their favorite places for all things guitar.

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If you're looking to move to the Dallas/Fort Worth area, house hunting can be complicated by the commute to open houses and other viewings. If you spot a particularly appealing choice among the Dallas homes for sale, you may consider making an offer before you're able to tour the house in person. This option has its risks, but with some caution, making an offer before you have a chance to see the house in real life can pay off. 

• Take A New Look 
  Making an offer sight unseen is much less literal than it used to be. With services such as Facetime, Zoom, and Skype, it's possible to take a virtual tour. A seller may arrange for a virtual open house to show off their home to potential buyers, or you may ask for a personal virtual viewing. Low-tech options include hiring a home inspector or even a trusted friend to tour the property and take notes. Our real estate agents will be happy to facilitate a viewing that meets the needs of buyers and sellers alike.

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One of the many advantages of living in the Dallas-Fort Worth area is our generally warm weather and long growing season. This makes it possible to enjoy local produce throughout the year as you add a burst of color, flavor, and nutrition to your family's diet.

The area is home to many farmers markets that feature produce from a variety of local vendors and serve as a community gathering spot where you can take in the sights and smells of delicious local crops. If you're planning a visit, you can sign up to receive newsletters from many markets to let you know more about their vendors and special events.

Our real estate agents recommend making a stop at the following farmers markets to get a taste of local produce in Dallas-Fort Worth.

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Kitchens pose a unique challenge when you're looking to update your home. They have to be highly functional workspaces and feel inviting. Completely renovating a kitchen would involve removing built-in cabinets and moving major appliances—an expensive and disruptive endeavor. But you can give your kitchen a whole new look on a modest budget. The Dallas homes for sale that we show can serve as inspiration, but you should also consider the following ideas. 

• Shed New Light on the Subject
  Changing your lighting can make a world of difference in the look and feel of your kitchen. A fixture with a ceiling fan can cool things off in the summer. Under-cabinet lighting can make it easier for you to work if your counter space is mostly under wall cabinets. If you have a flush-mounted ceiling light, changing the fixture may be as simple as unscrewing the old and attaching the new.

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Remodeling your home is a way to make it more functional and enjoyable for years to come. But what if you're planning to sell your house? It's unfortunate but true: not every home remodeling project offers a great return on investment. In fact, no project recoups all the money you put into it, but some come close. Before you tear the whole place up, consider the cost versus the value, and make sure you're investing in upgrades that make sense, cost-wise.

Our real estate agents suggest the following remodeling projects for your Dallas homes for sale.

• Minor Kitchen Remodel
  Because it is the most frequently used and commented-upon room in a house, there's a good deal of value in an inviting kitchen. A modern kitchen can add value to your home, and on average, you can recoup more than 80% of the renovation cost. You need to be careful, however, by considering the cost versus the value. For instance, based on the cost of your home, will it make sense to install marble or granite countertops? Take a look at costs when remodeling kitchens. Things like getting new, more energy-efficient appliances, replacing hardware, refacing cabinets, installing a new sink and faucet, adding a window over the sink, or repainting and adding new flooring can add considerable appeal.

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Gardeners are so lucky in the Dallas area. With a little bit of effort, you can grow vegetable crops almost all year long in our warm, sunny climate. That long growing season is also great for producing abundant flowers that nourish butterflies in spring, summer and fall.

Our real estate agents can help you find just the right gardening spot among all our Dallas homes for sale.

In the meantime, here are some things to know about gardening in North Texas, and some recommendations for spring and summer planting.

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Creaks, groans, bangs, clanks—houses make all kinds of weird noises. Most of them aren't anything to worry about, but some could indicate a serious problem. Our real estate agents have just about heard them all, and we're here to offers some advice on how to identify and fix some common house sounds.

• Whining Windows
  Chances are you've heard the ghostly sound of wind whistling through a drafty window. It can be downright unsettling if you don't know what it is, but once you've identified the source, leaky windows are usually an easy fix. In most cases, all it takes is a bit of caulk or weather stripping to seal air leaks around old windows, though if you live in an old house with a lot of drafty windows, you might want to think about replacing them to improve energy efficiency.

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If you're a runner looking at Dallas homes for sale, you'll be glad to know that there are a ton of cool 5K races coming up in the Dallas area! Whether you're looking for a color run, want to run at the zoo, or prefer your 5K with tacos and cerveza, you'll find what you're looking for this spring!

To make sure you're ready to enjoy your next race, you'll want to start training right away. Some of our real estate agents enjoy spending their free time on the area's best local running trails. Here are a few of their favorites. 

1. Katy Trail - Access at Reverchon Park, 3505 Maple Ave., Dallas
   Probably the most popular and well-known trail in Dallas, the historic Katy Trail has become a landmark destination. It's built on an old railroad line and currently spans 3.5 miles. This trail is great for walkers, joggers, runners, and bikers. It's perfect for the whole family and even your furry friend. There are also several places you can stop along the way for a bite to eat and other entertainment.

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Valentine's Day is a day to shower your better half with gifts and tokens of appreciation more than any other day of the year. And it's not really Valentine's Day without a romantic dinner, complete with a magnificent bottle of wine, candles, and mood lighting.

Our real estate agents have sampled some of the best Dallas restaurants for Valentine's Day dining. We hope that you will be able to find a sweet spot for this intimate occasion, whether you are a Dallas resident or just looking for Dallas homes for sale.

1. Oak Dallas - 1628 Oak Lawn Ave. #110, Dallas, TX 75207
   Opened in 2012, Oak Dallas turns out a terrific, seasonal array of dishes, including wood-grilled steak and fresh seafood, along with a polished décor and an inviting ambiance. Featuring an impressive wine list and hand-squeezed cocktails, Oak Dallas is not slacking off when it comes to drinks either. Oak Dallas will be featuring a $95+ four-course prix fixe menu on Valentine's Day.

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Our real estate agents are always working hard to connect our clients with the best Dallas homes for sale. Many clients, especially first-time buyers, are surprised by all we can do for them. A real estate agent is your guide through the whole home-buying process. If there's a question we don't know the answer to, we know where to find it! We strive to be our clients' top resource.

But agents don't just answer questions: They're also there to solve problems. No matter what comes up, a good agent will equip you with the knowledge and options to make a sound decision. Sometimes, the process of buying a house is smooth and easy. Most of the time, though, there are tricky choices to be made at one point or another. Your agent simplifies the issues.

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Is your restaurant routine getting a little stale? Trust us, our real estate agents know what it's like to crave a fresh and exciting night out. Thankfully, we've discovered these decidedly different dining destinations in Dallas that we know you'll love!

• True Food Kitchen — 8383 Preston Center Plaza Suite 100, Dallas, TX 75225
  Eating well is always in season at True Food Kitchen. Their rotating menu of fresh, seasonal ingredients presents you with delicious yet healthy options for every meal of the day. True Food Kitchen will even customize any order to fit dietary needs and restrictions such as keto and paleo. If you'd like to sample a few items, come in for their Social Hour weekdays from 3-6 pm and try their $5 Menu.

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One of the many advantages of living in the Dallas area is the number of outstanding shops in the area. This comes in handy throughout the year, but especially when it's time to start Christmas shopping. Grab your list of gift recipients and start finding the ideal Christmas present for each one.

Our real estate agents recommend the following shops to help you get in the Christmas shopping spirit around Dallas:

1. Ugly Christmas Sweater Shop - 5331 E. Mockingbird Lane, Ste 175, Dallas, TX 75206
   Ugly Christmas sweaters are a popular trend and the focus of many holiday parties throughout the season. But when your friends announce they're having this type of party, you may find yourself without the right type of sweater to wear. That's where the Ugly Christmas Sweater Shop comes in. You can choose from sweaters in your choice of many different colors and sizes. And you won't have to spend very much to find your colorfully tacky sweater since most range in price from $19.99 to $28.99.

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The holiday season brings a lot of great opportunities to the Dallas/Fort Worth area. Our real estate agents are especially looking forward to being able to run (and walk) for some great causes this year. Be sure to check out these upcoming holiday races around the DFW!

• Best Gift 5K & Fun Run - Alliance Community Fellowship, 2185 Golden Heights Road, Fort Worth, TX 76177 | Nov. 16
  Get ready for this year's Best Gift 5K & Fun Run, which helps raise money for children in need to attend summer camp at WinShape Camps. The race follows a scenic course around Fort Worth's Tehama Ridge Park, right around the corner from many Fort Worth homes for sale. Every entrant gets a t-shirt and a free chicken biscuit courtesy of sponsor Chick-fil-A!

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Buying or selling a home can be a stressful situation, but buying and selling a home simultaneously can get downright terrifying if you're not ready for the transition. Fortunately, there are some ways to help ease the burden of buying and selling at the same time, and the primary method is by way of a bridge loan.  

Just like it sounds, a bridge loan helps bridge the gap between selling your current home and buying another. Our real estate agents are familiar with the challenges you face when trying to sell your existing home and purchase a new home, so we've put together this guide on how to bridge the gap.

• How Does a Bridge Loan Work?
  Bridge loans are meant to be short-term solutions to help you purchase your new home. Generally speaking, you can borrow up to 80% of the combined value of the two homes. The 20% gap will need to be made up with equity in your current home or cash. Unless you've got a substantial amount in liquidity, you're probably banking on having a good deal of equity in your current home.

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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

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

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

Life never stands still, and the single-family home occupied by the nuclear family unit doesn't work for everyone. There's a rising demand for multi-generation homes as younger adults stay at home longer, and families come together to take care of parents and grandparents in their retirement years. Today our real estate agents are providing you with all the information you need to decide if multi-generational living is right for your family.

What Is Multi-Generational Living? 

We're seeing a rising trend of multi-generational living spaces in our inventory of Dallas homes for sale, and it isn't surprising given the recent trends. Close to 25% of families are currently or have recently shared a multi-generational living arrangement. These are often younger couples starting families while still living at home with parents. In some cases, grandparents return to live with their children after the grandchildren have grown up and moved away. This can be in one large home or in multiple structures on the same property, such as the ever-popular "mother-in-law" suite.

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Are you ready for the sweetest September celebration in Dallas? Then join our real estate agents as we satisfy our sweet tooth at the Dallas Chocolate Festival. This year is the 10th anniversary of the celebration of all things chocolate. From Friday, September 6th through Sunday, September, 8th, you and your family will have the opportunity to taste samples from over 60 of the best artisan chocolate makers.

2019 Dallas Chocolate Festival

• Dates: September 6th – 8th, 2019
• Location: The Fashion Industry Gallery — 1807 Ross Ave #167, Dallas, TX 75201
• Price: $35/adult, $7/child aged 4 — 11

History of the Dallas Chocolate Festival

You may be a chocolate lover—but how much do you actually know about the chocolate-making process? DallasChocolate.org founder Sander Wolf believes that the process of creating chocolate from bean to bar is an exciting journey that all chocolate lovers should learn about. In 2009, Wolf created his website in hopes to educate the masses about local and global chocolate news and history. Instead of simply telling the residents of Dallas about chocolate, he wanted to give them the opportunity to taste unique flavors through an engaging experience that celebrates this tasty treat. What began as a small event featuring only two bean-to-bar chocolate producers turned into one of the can't-miss annual events of the Dallas food scene. The Dallas Chocolate Festival became the website's signature event that draws chocolate lovers and makers from around the world to the Dallas area every autumn.

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Our real estate agents are always glad to support your search for the best Dallas homes for sale. First-time buyers, in particular, find the process easier when they connect with the right real estate agent—someone with plenty of experience in their situation. Many of the big questions first-time buyers have usually deal with obtaining a mortgage loan.

They often worry about the effect of credit score on their hopes for a favorable mortgage. Most people don't have perfect credit, so they wonder if their credit will stop them from getting the home they want. Luckily, the answer to this is almost always "no." A few credit blemishes here or there will not usually disqualify you from getting a home loan. Even if you've had credit problems in the past, many lenders are willing to look at your current income and credit behavior to determine how much you can borrow.

That said, your credit score is still relevant. A good credit score can improve your loan terms. Raising your score just a few points can make a worthwhile difference, so don't feel you need perfection. Even if you have only a few months before you begin your home search, there are steps you can take to raise your credit score. This may translate to better loan rates and substantial savings over time. Let's look at some ways you can raise your credit score faster.

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What's your favorite way to unwind? Do you head out for some physical activity or spend time in nature? Find both at these top kayak and stand-up paddleboard (SUP) spots recommended by our real estate agents.

• White Rock Paddle Co. - 389 E. Lawther Drive, Dallas 75216
  White Rock Paddle Co. takes its name from the stunning lake it sits on that is the highlight of one of the most popular parks near Dallas homes for sale. Single and tandem sit-on-top kayaks and paddleboards are available for rental periods of one to two hours. Listen to live music during your workout on the Thursday evening concert series paddle trips beginning at 6 p.m. White Rock is open 10 a.m. - sundown Monday through Thursday and 8 a.m. - sundown Friday through Sunday.

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Summertime is here, and that means plenty of beautiful weather and opportunities for family-friendly outdoor adventures. When you're ready to take a break from the hustle and bustle of visiting Dallas homes for sale, we recommend exploring some of the city's great parks. 

July is National Picnic Month, so now is the perfect time to grab your blanket, pack up some finger foods, and plan a family outing or a romantic lunch. While there are plenty of great picnic spots to choose from, there are a few that you really won't want to miss. 

1. Dallas Arboretum and Botanical Garden: 8525 Garland Road, Dallas, TX 75218
   When we asked our real estate agents about their favorite picnic spot, the Dallas Arboretum and Botanical Garden kept coming out on top. From the gorgeous gardens to the tree-lined paths and seasonal displays, there's never a shortage of breathtaking things to see here!
   
   There's plenty of space to spread out for a picnic while enjoying views of the lake, relaxing, painting, or reading a book. 

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Moving into a smaller home can be advantageous on many levels depending on your circumstances and reasons why you're choosing to do so. But it's not right for everyone, and depending on your particular situation, it may actually be more of a burden than an advantage. 

Our real estate agents have put together this list of five questions to ask before downsizing.

1. Can I afford to downsize?
   It makes logical sense that moving into a smaller home will be cheaper, whether in monthly mortgage payments or in utilities and upkeep. But doing so can be somewhat misleading, especially if you're in an area where home prices are rising.

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DFW—are you ready to rock this summer? Our real estate agents have been eagerly anticipating the return of the best concert series around the Dallas-Fort Worth area. We're so excited to get out and groove with our friends and families. When we're not showing new homeowners around Dallas homes for sale, we're keeping track of all of the cool concerts coming to town. Grab your dance partner and get ready to rock with us at one of these awesome outdoor concerts around the DFW.

• Sounds of Lewisville – 150 W. Church St., Lewisville, TX 75057
  Tuesdays in June and July at Wayne Ferguson Plaza are going to be jammin'! Join your neighbors for the Sounds of Lewisville free concert series. Every week from 7-9:30 p.m., one of nine bands will take the stage and sing you through summer. Listen to fantastic tribute bands cover favorites from groups like the Eagles, Collective Soul, and Garth Brooks. Just down the road from Lewisville homes for sale, this summer concert series can't be missed!

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Are you considering selling your DFW home or investing in a Texas property that you plan on flipping? Our real estate agents strive to identify the burgeoning trends that homebuyers seek in the Dallas/Fort Worth market. Among the many home improvements that sellers complete to increase their home value, we want to highlight seven specific exterior home features that buyers instantly fall in love with.

1. Versatile Outdoor Space
   Dallas is a fantastic place to live, particularly because our range of seasons keep us pretty comfortable all year long. With such wonderful weather, it's no surprise that homebuyers want versatile outdoor space. From covered patios to open areas for grilling, entertaining, or warming up around a fire pit, these families are looking for a convenient, comfortable way to enjoy their outdoor living space.

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As you view Dallas homes for sale looking for the perfect place to raise a family, does it bring back fond memories of your own childhood? Thank Mom for all her love and support with one of these great Mother's Day activities around Dallas and Fort Worth.

• Mother's Day Wine & Jazz Festival - Fair Park Band Shell, 1465 First Ave., Dallas 75210
  Treat Mom to some cool jazz on a hot May afternoon. Martini Blu, an elegant music cafe in the Galleria area, is the sponsor of Mother's Day Wine & Jazz Festival. Featured performers include Maysa, Kirk Whalum, Kim Waters, and Kayla Waters. Show starts at noon on Sunday, May 12, and tickets range from $52.50 - $72.50. Want to make it a family event? A limited number of 10-seat VIP tables are available.

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You've decided it is time to sell your house and you find yourself overwhelmed with deciding what to upgrade to get a better price. Our real estate agents believe the simplest place to start is with paint.

Giving the inside of your home a fresh coat of paint showcases your home as crisp, clean, and up-to-date, especially if you have lived there a while and your house shows the rough and tumble effects of family living. Painting gives you a chance to patch the odd holes in the living room, paint over your children's unintended "artwork" in the hallway, and finally undo that bad choice of bright red in the guest bathroom.

• Choose Your Colors
  This is not the time to indulge in your unique style of home décor.  A black accent wall and checkered tile might make you swoon, but not your potential buyers. People looking to buy a new home need to be able to see their own style in the rooms they walk through. This means sticking with basics like neutrals on the walls.

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There's no need to fret when your brain gets bored with the day-to-day routine. Down the road and through the streets of the city is the perfect medicine for a meandering mind. When your brain needs a boost and a dash of excitement, our real estate agents recommend spending a few hours at the Dallas Perot Museum.

11 Halls of Amazing Exhibits

Our universe is filled with trillions of stars to explore, millions of diseases to discover, and thousands of dinosaurs to uncover. The museum's mission is to encourage the next generation of scientists to reach beyond what is known and discover what is possible. Toward that goal, the curators at the Perot Museum have done an amazing job of crafting exhibitions that stimulate the synapses.

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Spring is prime home buying season just about everywhere. Our real estate agents always see an increase in buyers this time of year. People are less busy than they are other times of the year, the weather is pleasant, and sellers know they'll have plenty of interest in their homes. Even with more competition, it's still the best time to get the home you've been dreaming of. Here's how you can set yourself up for home buying success.

• Secure financing ahead of time
  This includes several steps like viewing your credit report and credit score, planning your budget, and meeting with a lender to get pre-approved. A little prep work here can go a long way to make your offer on a home more attractive. Pre-approval shows sellers you're serious, and there's less chance your financing will fall through. This also means you'll be able to move quickly and make an offer right away when you find the right home for you.
  
  

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Looking for something fun to do for St. Paddy's Day? These four events in the DFW area offer something for everyone.

1. McKinney St. Patrick's Day Festival & Shamrock Run 5K - Tupps Brewery - 721 Anderson St., McKinney
   These can't miss St. Paddy's Day festivities begin with the Shamrock Run 5k at 9 a.m. on Saturday, March 16th. Runners and walkers will start and finish in front of Tupps Brewery, located in the historic McKinney Cotton Mill. Registration includes race chip timing, a Shamrock Run t-shirt, finisher's medal, and swag bag. Awards will be given for first, second and third place runners and first place stroller.
   
   The free, family-friendly St. Patrick's Day Festival begins at 10 a.m. Try a variety of delicious food, imbibe some cold beer, and take in the sounds of authentic Irish bands. Wear your best St. Paddy's day attire and check out the dancing and costume contests with awesome prizes. There will be plenty of kid-friendly activities as well. While you're at it, check out the amazing local shops, boutiques, and McKinney homes for sale. Beer passes can be purchased in advance if you want to avoid lines on the day of the festival. Beer passes include three 16-ounce beers and a McKinney St. Patrick's Day Festival Koozie!
   
   A portion of proceeds benefits The Warrior's Keep, which provides outdoor adventure and recreational therapies for veterans.
   
   

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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.

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Speakeasies rose to prominence during prohibition, illicitly serving alcohol in secret haunts out of sight and out of the law's reach. The fact that alcohol was made legal again more than 80 years ago has done nothing to diminish these establishment's appeal. 

Today, speakeasies remain some of the best places in Dallas to grab a drink, with high-end cocktails, tasty happy hour specials, and second-to-none ambiance. Our real estate agents share some of the best old-fashioned watering holes to visit in the DFW area.

1. Atwater - 4900 McKinney Ave.
   Tucked away in an unassuming alleyway behind Henry's Majestic, Atwater is a dark, secretive den that feels like it belongs in another era. Walking into the dimly-lit bar room with its classic atmosphere and vintage decor gives the impression that you've discovered a secret world that you weren't supposed to know about. With high-end cocktails prepared by expert mixologists, it's a discovery you'll be glad you made. 
   
   

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Fort Worth real estate provides exciting opportunities all year round. Dallas homes are some of the most desirable in the U.S., and our real estate agents are always glad to show them off.

Everything's bigger in Texas, and that's just as true of our Game Day parties! No matter if you follow football or consider yourself a casual fan, a Big Game get-together in the DFW area offers fun you won't want to miss. Everyone turns out for a great day of excitement.

Naturally, the Dallas Cowboys and Houston Texans are the local teams close to our heart here in Dallas-Fort Worth. The Cowboys have won five matchups, and although the last was in 1996, die-hard fans will never stop rooting for them. 

Let's look in on six of the best places to see the biggest game of them all.

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Buying a home is a big decision, but paying for a home is an even bigger deal. Naturally, if you're looking at purchasing a home in the Dallas-Fort Worth area, then you'll most likely be looking toward a mortgage to finance your home purchase. 

The mortgage process is complex, multifaceted, and became even more so since the housing crash from a decade ago, so our real estate agents have put together some tips to help you understand the mortgage application process.

• Applying for a Mortgage
  First things first, regardless of who you end up going with as your lender, you need to apply for a mortgage. Most mortgage applications can be filled out online from your lender of choice, and some online services offer a "catch-all" mortgage application that can be submitted to multiple lenders saving you a lot of time. After all, most mortgage applications take 45 minutes or more to complete and submit!
  
  

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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.
   
   

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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.

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If you're considering a relocation to North Texas, you must check out Fort Worth homes for sale. Whether you prefer a luxurious showplace or a stylish starter bungalow, our REALTORS® can find a home that matches your style.

When you visit Fort Worth Texas, spend some time getting to know our thriving metroplex. You'll find all the art, culture, dining, and exciting entertainment you'd expect of a world-class city. If you stretch your visit into the weekend, you can also experience the fast-paced thrills of NASCAR racing. 

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Every seller wants their home to look its best. With all the visual marketing prospective buyers are exposed to today, getting professional photos of your home can be a real game changer. Using a real estate photographer will help your home get sold faster and for top dollar.

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Less than 20 minutes from the heart of Dallas, the city of Irving, TX offers endless options for shopping, dining and entertainment. Some of our real estate agents' favorite spots in the DFW area can be found right here, and today we want to highlight one of the area's best restaurants – Saltgrass Steakhouse in Irving, TX.

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A beautiful oasis in the heart of Downtown Fort Worth, the Fort Worth Water Gardens are truly a place like no other. Whether you're a long-time local or just visiting the city to check out Fort Worth homes for sale, the Water Gardens are one of the greatest must-see attractions in Fort Worth. 

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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.

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Real estate transactions don't happen in a vacuum, and understanding the conditions of your local market will play a key role in setting the right price to get your home sold. A comparative market analysis (CMA) is one of the most important tools that your real estate agent has for analyzing the market, and it's something that every seller should look for before putting a home on the market. A CMA looks at what similar homes on the market have listed for and sold for, along with listings that have expired (usually) due to a lack of offers. Our REALTORS® rely on CMAs as part of the process of finding the right price for your home, and we've put together three reasons why a CMA will help sell your home.

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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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Interested in experiencing the history, heritage, and culture of Fort Worth, TX, up close and personal? The Fort Worth Stockyards National Historic District is a spectacular example of what makes life in the city so special, with history, entertainment, and excitement around every corner. Visiting the Fort Worth Stockyards is like stepping back into a different era, where daily cattle drives, raucous rodeos, and lively, open-air markets are simply part of daily life. There is so much to see in the Fort Worth Stockyards National Historic District, and our team is excited to tell you all about it.

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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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A Buyer's Guide to Open House Etiquette

An open house is a great opportunity to tour homes for sale in your community without having to schedule an appointment.

Hitting open houses on a given Sunday can also help you gauge available homes in a market and begin a relationship with a REALTOR® if you have not already found one. If you're new to "Open House Sundays," here are easy tips for making your search for Dallas homes more enjoyable and productive.

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When you enter the Dallas Historic West End District, you still see evidence of its industrial past. The brick buildings that give the area a throwback feel once housed manufacturers and warehouses.

Rehabbing and redecorating gave those buildings a new life as trendy restaurants, shops, museums, and entertainment venues. It's a great area for dining, exploring, or celebrating special events.

Our Dallas REALTORS® live and work in the area. We enjoy the West End District's entertainment venues. Whether you're new to the area or you're a longtime Dallas homes resident, we want to help you discover the benefits of this exciting shopping, dining, and entertainment district.

Here's just a sample of what you'll find.

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Visitors have called the Mandalay Canal Walk at Las Colinas a "hidden secret path." Those of us with homes in Irving know the walkway is easy to find. It follows the path of the man-made waterway as it joins Lake Carolyn. The Canal Walk is one of the unique features that help make the Las Colinas planned community a wonderful place to call home.

Our REALTORS® in Irving understand that the Canal Walk at Las Colinas is no secret. Still, we believe it's important to offer friendly reminders of just how beautiful and peaceful our community can be.

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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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Buying a home can be challenging in all kinds of ways. Simply finding a home that has everything you need is a big accomplishment, and we're here to help you in every way that we can.

For many, saving the money needed for buying a house is another major challenge. So to help you avoid any financing woes, our team has put together some of our favorite clever tips to save money for buying a home. With a little willpower and outside-the-box thinking, you'll be well on your way to saving for your dream home.

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Hop On In To These Five Dallas Restaurants for Easter 

Easter is on its way in the Dallas area—to be fair, it's also on its way everywhere else—and chances are, you're looking for a good place to do some holiday dining. So whether you're looking for a cozy Easter brunch spot or an Easter dinner restaurant for the whole family, our REALTORS® in Dallas have a few solid recommendations.

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Dallas is a big city in every sense of the word, and one of the great things about buying a house here is that the city has a neighborhood to suit every taste. Narrowing down your list to find the right Dallas neighborhood for you is one of the most important steps in the preparation process that leads to finding a home that you will love long-term. Whether you love the arts, the outdoors, or simply want the best education possible for your children, there's a Dallas neighborhood with your name on it.

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When you're selling a house, few moments are more nerve-wracking than the home inspection. No matter how much you've prepared for the big day and how well you've maintained your home over the years, there will always be some anxiety until the inspector gives your home a clean bill of health. Avoiding unpleasant surprises during a home inspection starts with preparation and education. It is important to prepare your home for the inspection, and educate yourself on what to expect from each step in the inspection process. We're here to help, by highlighting three big mistakes that you definitely don't want to make on inspection day.

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Are you a first-time homebuyer searching for the perfect spot in Dallas to call your own? Our city has seen a big influx of new residents in recent years and helping new homebuyers is one of the most rewarding aspects of our work at RE/MAX DFW Associates. The real estate market in Dallas is hot with homes of every variety and neighborhoods to suit every taste. So we've assembled our best tips for first-time homebuyers in Dallas to help you find a home you'll love with plenty left in your budget to explore all that this great city has to offer.  

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Buying a house for the first time always comes with a mix of excitement and anxiety. Don't worry, it's normal. There's nothing like the feeling of picking out your very own home for the first time, but like any homebuyer you also want to make sure that you're getting solid value for your financial investment. Preparation is the key to finding a home you'll love long-term: you don't have to be an expert to prepare like one. Our REALTORS® at RE/MAX DFW Associates agree that differentiating between what you want and what you need is one of the most important steps you can take when buying a house for the first time.

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