Tag Archive for: dallasfortworth

Are housing pressures easing in Dallas-Fort Worth?

While the nation’s prices climbed 6.5% year year over year in March, the Dallas-Fort Worth area saw a softer 3.6% increase.

The housing market has been so red-hot in North Texas that even a slight cooling is hard to detect. But we are glad to see signs that supply might be at least catching a glimpse of demand after years of running far behind.

Houses are still moving. Real estate reporter Nick Wooten told us earlier this month that the Dallas-Fort Worth area “ranked second in the nation for homes sold and active home listings last month, trailing only New York as the spring selling season heats up.”

And prices are still on the rise, Wooten wrote.

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Source: The Dallas Morning News

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D-FW ranks second in the nation in home sales, active listings as spring selling heats up

Dallas-Fort Worth ranked second in the nation for homes sold and active home listings last month as the spring selling season heats up.

Dallas-Fort Worth ranked second in the nation for homes sold and active home listings last month, trailing only New York as the spring selling season heats up.

Nearly 8,500 transactions were closed in April, up from 7,865 the previous year. There were more than 13,000 active listings, an almost 31% year-over-year jump, according to data from real estate company RE/MAX.

The report also found that active housing inventory is up 49.4% year-over-year. Home prices are up 1.5% annually. The median home price in D-FW was $405,000, matching numbers from the MetroTex Association of Realtors.

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Source: The Dallas Morning News

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Dallas County opens a new facility and more real estate deals of note across D-FW

Dallas County has worked to take steps — putting to work its AAA bond rating — to redevelop, renovate and build new spaces.

Dallas County opened a new 12-story parking garage with retail that will serve the government entity on May 1.

It marks a move toward the offensive with the county facilities. Rather than solely fending off repairs, the county has worked to take steps — putting to work its AAA bond rating — to redevelop, renovate and build new spaces.

Beyond more than 1,228 new parking spaces, the county Commissioners Court also ensured future plans for the building could rise an additional 15 floors for uses such as an anticipated hotel to keep up with the Dallas Convention Center expansion.

“That means we had enough insight to understand the value this is going to bring to Dallas County taxpayers,” said Commissioner John Wiley Price during a ribbon-cutting ceremony.

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Source: The Dallas Morning News

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What’s on deck for Dallas-Fort Worth real estate in 2024

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From the new Mavs owners making moves to Lake Texoma’s Margaritaville Resort, here’s a look at dozens of notable deals announced so far this year.

While a tough interest rate environment continues to leave many developers and real estate investors on the sidelines nationwide, Dallas-Fort Worth is not short on activity.

Whether it’s firms formally getting underway on projects or positioning themselves to be ready to take advantage of a more attractive capital market environment, the first quarter of 2024 saw a handful of notable deals move forward.

It’s a backdrop that calls attention to what a slower year means for North Texas.

Here’s a look at some of the notable transactions and deal announcements that hit between Jan. 1 and March 31 of this year:

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Source: The Dallas Morning News

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