Tag Archive for: housingmarket

Want a newly constructed home in Fort Worth for under $250K? This is what you’ll get.

National home builder Lennar, is churning out single-family houses priced between $230k & $270k, well below the median home cost in the city.

There isn’t much to see when peeling off I-35 South at Exit 40, one of the freeway’s final exits before Fort Worth blends into Burleson.

The frontage roads are boxed in by truck yards, fast food joints, and a warehouse-shaped church. Subdivisions and soon-to-be developed ranch land stretch farther beyond.

But a roughly two-mile drive east, along patchy, two-lane country roads, an apparent pocket of affordability is taking shape. Lennar, a national home builder, is churning out single-family houses priced between $230k and $270k, well below the median home cost in the city. A fresh new block of properties just hit the market; construction crews are hustling to piece together another.

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Source: yahoo!news

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North Texas realtors say the housing market is balancing out – and the market is hot

According to some North Texas realtors, the housing market is finally balancing out and now's the time to buy.

The housing market is finally balancing out, according to some North Texas realtors.

“I would say now’s the time to buy. It’s more balanced. It’s not a seller’s market anymore,” says Williams Trew Real Estate realtor Debbie Petty.

Petty sells homes in Fort Worth and says the housing market has reached pre-pandemic levels.

According to MortgageGageReports.com, the interest rates for a 30-year mortgage were as low as 3% in 2021. Now, in 2024 it is around 7%.

“So, it’s not a seller’s market. It’s not a buyer’s market. It’s getting very balanced, there’s more inventory, and for us, we really like to see that what you want in real estate is a win-win for the buyer in the seller,” Petty explains.

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Source: CBS News

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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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DFW’s hidden gems: Underrated residential areas

Explore DFW's hidden gems! Discover underrated residential areas offering charm, affordability, and community. Find your perfect home in the diverse DFW metroplex.
DISCLAIMER: We are not financial advisors. The content on this website is for educational purposes only and merely cites our own personal opinions. In order to make the best financial decision that suits your own needs, you must conduct your own research and seek the advice of a licensed financial advisor if necessary. Know that all investments involve some form of risk and there is no guarantee that you will be successful in making, saving, or investing money; nor is there any guarantee that you won’t experience any loss when investing. Always remember to make smart decisions and do your own research!

The Dallas-Fort Worth (DFW) metropolitan area is renowned for its diverse neighborhoods and vibrant communities, each offering its own unique charm and amenities. While some areas may receive more attention and recognition than others, there are several hidden gems scattered throughout DFW that deserve recognition for their underrated appeal. In this comprehensive guide, we’ll explore some of DFW’s hidden gems—residential areas that may not be as well-known but offer exceptional living experiences for residents. From quaint neighborhoods with historic charm to up-and-coming districts with exciting potential, these underrated areas have a lot to offer for those seeking a new place to call home.

Discovering DFW’s Hidden Gems

DFW is a sprawling metropolis comprised of numerous cities, towns, and neighborhoods, each with its own distinct character and identity. While certain areas may garner more attention due to their proximity to downtown or popular attractions, there are plenty of hidden gems waiting to be discovered by discerning homebuyers. Let’s take a closer look at some of these underrated residential areas:

Quaint Suburban Enclaves: In the outskirts of DFW, you’ll find several suburban enclaves that offer a peaceful retreat from the hustle and bustle of city life. These neighborhoods boast tree-lined streets, spacious lots, and a strong sense of community. Places like Grapevine, Coppell, and Southlake are often overlooked but offer excellent schools, recreational amenities, and a high quality of life for residents.

Historic Neighborhoods: DFW is home to several historic neighborhoods that exude charm and character. Areas like Oak Cliff in Dallas and Historic Downtown McKinney feature beautifully preserved homes dating back to the early 20th century. With their unique architectural styles, tree-shaded streets, and vibrant local culture, these neighborhoods offer a glimpse into DFW’s rich history and heritage.

Emerging Districts: As DFW continues to grow and evolve, new residential districts are emerging on the scene, offering exciting opportunities for homebuyers. Neighborhoods like Trinity Groves in Dallas and The River District in Fort Worth are undergoing revitalization efforts, attracting young professionals and urban dwellers with their trendy restaurants, entertainment options, and modern housing developments.

Hidden Lakeside Retreats: Despite being situated in the heart of North Texas, DFW is home to several hidden lakeside communities that offer a tranquil escape from city life. Areas like Lake Highlands in Dallas and Lake Worth in Fort Worth boast scenic waterfront views, recreational activities, and a relaxed atmosphere. These hidden gems provide residents with the best of both worlds—urban convenience and natural beauty.

Affordable Urban Pockets: While housing prices in some parts of DFW may be on the rise, there are still pockets of affordability to be found within the urban core. Neighborhoods like Pleasant Grove in Dallas and Polytechnic Heights in Fort Worth offer affordable housing options without sacrificing proximity to downtown amenities and employment centers. These hidden gems provide an opportunity for first-time homebuyers and young families to enter the housing market without breaking the bank.

Uncovering the Benefits of Underrated Areas

While DFW’s hidden gems may not always be in the spotlight, they offer numerous benefits for residents looking for a place to settle down. Here are some reasons why these underrated residential areas are worth considering:

Affordability: Compared to more well-known neighborhoods, underrated areas in DFW often offer more affordable housing options. Whether you’re looking to buy a starter home, upgrade to a larger property, or downsize in retirement, these hidden gems provide a range of housing choices to fit different budgets and lifestyles.

Community Atmosphere: One of the defining characteristics of underrated residential areas is their strong sense of community. Residents in these neighborhoods often form close-knit bonds and foster a supportive environment where neighbors know each other by name. From block parties to community events, there are plenty of opportunities to connect with others and build meaningful relationships.

Access to Amenities: Despite being underrated, many of DFW’s hidden gems offer access to a wide range of amenities and conveniences. From parks and recreational facilities to shopping centers and dining establishments, residents have everything they need within reach. Plus, with the metroplex’s extensive network of highways and public transportation options, getting around town is easy and convenient.

Potential for Growth: Underrated areas in DFW often hold untapped potential for future growth and development. As the metroplex continues to expand, these hidden gems may undergo revitalization efforts, infrastructure improvements, and economic investment. Investing in a home in an up-and-coming neighborhood can offer long-term value and appreciation potential.

Escape from the Ordinary: For those seeking something different from the typical suburban sprawl or urban hustle, DFW’s hidden gems offer a refreshing change of pace. Whether it’s the historic charm of an old neighborhood, the tranquility of a lakeside retreat, or the excitement of an emerging district, these underrated areas provide a unique living experience that sets them apart from the crowd.

 

In conclusion, DFW’s hidden gems are a testament to the metroplex’s diversity and vitality. From quaint suburban enclaves to historic neighborhoods and emerging districts, these underrated residential areas offer something for everyone. Whether you’re looking for affordability, community atmosphere, access to amenities, or potential for growth, there’s a hidden gem in DFW waiting to be discovered. By exploring these underrated areas and thinking outside the box, homebuyers can find the perfect place to call home in the vibrant tapestry of the Dallas-Fort Worth metropolitan area.

The anti-home flippers transforming East Dallas real estate

The Hickmans don’t identify with the term “house flippers.” The duo prefer to think of their work as preservation.

In 2009, Greg and Chantal Hickman found a small East Dallas home that fit their real estate budget and had good bones. They renovated it on a shoestring budget with “paint, breeze blocks, wood work, and love,” notes Chantal. They became obsessed with the transformation, as did their friends, family, and fans who caught a glimpse of their design work online. They formed Sunscout Studio and have since worked their magic on 10 homes in the East Dallas area, the latest of which just went up for sale in Lake Highlands.

Like many of Sunscout’s past projects, 10306 Church Road served as the Hickman’s personal home for years — in this case, seven. They purchased the home in its original 1962 state, linoleum and all, but like the Hickman’s first Dallas project, the bones were deeply cool.

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Source: Paper City

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DFW housing market predictions for the next five years

Explore the future of DFW housing with insights on economic stability, job growth, changing demographics, affordability, technology integration, and sustainability. Navigate the next five years with informed predictions for a successful real estate journey in Dallas-Fort Worth.
DISCLAIMER: We are not financial advisors. The content on this website is for educational purposes only and merely cites our own personal opinions. In order to make the best financial decision that suits your own needs, you must conduct your own research and seek the advice of a licensed financial advisor if necessary. Know that all investments involve some form of risk and there is no guarantee that you will be successful in making, saving, or investing money; nor is there any guarantee that you won’t experience any loss when investing. Always remember to make smart decisions and do your own research!

As we stand on the brink of a new era, contemplating the future of the Dallas-Fort Worth (DFW) housing market becomes a focal point for homeowners, investors, and industry enthusiasts alike. Anticipating the trends and shifts in the real estate landscape can be instrumental in making informed decisions. In this comprehensive exploration, we will delve into the various factors shaping the DFW housing market and unveil predictions that could define the next half-decade.

Current Market Overview

To understand the future, we must first scrutinize the present. The DFW housing market has been a dynamic arena, showcasing resilience amid economic fluctuations. As of [current year], the market has seen steady growth in both urban and suburban areas, driven by factors such as a burgeoning job market, a robust economy, and a continuous influx of new residents.

Economic Factors

The economic climate plays a pivotal role in determining the trajectory of the housing market. Over the past years, the DFW region has enjoyed a booming economy, propelled by diverse industries ranging from technology to healthcare. This economic stability is likely to be a driving force behind the housing market’s future growth.

Employment Opportunities

DFW’s reputation as a business-friendly hub has attracted companies, leading to job creation and a subsequent surge in housing demand. A critical factor to monitor in the coming years is the sustained job market growth, as it directly correlates with housing market trends. Industries like technology, finance, and healthcare are expected to continue flourishing, influencing housing preferences and locations.

Changing Demographics

Demographic shifts are reshaping the preferences of homebuyers. The influx of millennials into the housing market and the aging population’s evolving needs contribute to a diverse demand for housing types. Developers and real estate professionals must adapt to these changing demographics, ensuring that the housing supply aligns with the preferences of different age groups.

Housing Affordability

The affordability of housing remains a concern for many prospective buyers. As property values appreciate, there is an inherent need to strike a balance between demand and affordability. Government initiatives, private-sector interventions, and innovative housing solutions will play a crucial role in addressing this challenge and ensuring that the DFW housing market remains accessible to a wide range of buyers.

Technological Integration

Advancements in technology are revolutionizing the real estate industry. From virtual property tours to blockchain in transactions, the integration of technology is altering the traditional landscape. Keeping abreast of these technological trends will be imperative for industry players looking to stay competitive and cater to the evolving needs of tech-savvy homebuyers.

Environmental Considerations

As environmental consciousness grows, homebuyers are increasingly considering sustainability and energy efficiency in their choices. The next five years may witness a surge in demand for eco-friendly homes and neighborhoods. Developers and builders incorporating green practices may find themselves at the forefront of a growing market segment.

 

The DFW housing market is poised for a transformative journey over the next five years. Economic stability, job market dynamics, changing demographics, affordability, technological integration, and environmental considerations will be key influencers shaping the future. While predictions can serve as a compass, it is crucial for stakeholders to stay adaptable and responsive to the ever-evolving landscape. As we navigate the uncharted territories of the DFW housing market, anticipation, preparation, and a proactive approach will be the linchpins for success in the years to come.

 

Housing market predictions for 2024

The combination of high mortgage rates, steep home prices and low inventory levels are lining up to make the 2024 housing market a challenging one for both buyers and sellers.

Key takeaways

  • Low levels of inventory mean that sellers continue to have the upper hand in the housing market.
  • Mortgage rates have come down from their peak but are still high, and steep home prices are dissuading would-be buyers.
  • If rates were to drop further, that would spur the market for both buyers and sellers.

With home prices historically high and inventory still very tight, many prospective sellers and hopeful buyers are feeling nervous about today’s housing market.

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Source: Bankrate

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6 reasons why it makes sense to sell a home right now—before the spring rush

When selling a home, timing can make a difference: Home prices rise and fall, similar to stocks. Head to market at the peak moment.

Thinking about selling your house in 2024? While many home sellers wait until spring to put their property on the market, there are some distinct advantages to getting ahead of the curve this year and listing sooner rather than later.

Generally, the cold weather season causes home sales to be sluggish, but this winter is a bit different. High interest rates kept much of America’s real estate market in a deep freeze for most of 2023. But now that rates have subsided a bit in the new year, there is a whole lot of pent-up demand (and supply) that could burst onto the market at any moment. Some of it is out there already.

When selling a home, timing can make a difference: Home prices rise and fall, similar to stocks. Head to market at the peak moment, and you can stack the deck in your favor and reap higher profits and better terms.

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Source: Realtor.com

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A guide to relocating to Dallas: Where to start

Embark on a seamless relocation to Dallas with our comprehensive guide! Explore vibrant neighborhoods, consider commute options, and embrace the rich culture. Make your move a smooth transition to the heart of Texas for a vibrant lifestyle and endless opportunities.
DISCLAIMER: We are not financial advisors. The content on this website is for educational purposes only and merely cites our own personal opinions. In order to make the best financial decision that suits your own needs, you must conduct your own research and seek the advice of a licensed financial advisor if necessary. Know that all investments involve some form of risk and there is no guarantee that you will be successful in making, saving, or investing money; nor is there any guarantee that you won’t experience any loss when investing. Always remember to make smart decisions and do your own research!

Relocating to a new city is an exciting yet complex endeavor, and Dallas, with its vibrant culture, economic opportunities, and diverse neighborhoods, has become an increasingly popular destination for those seeking a fresh start. This comprehensive guide is designed to be your compass as you navigate the process of relocating to Dallas, offering insights, tips, and essential information to ensure a smooth transition to the heart of Texas.

Understanding the Appeal of Dallas

Before delving into the logistics of relocation, it’s essential to understand why Dallas has become a magnet for newcomers. The city boasts a robust job market, a thriving economy with diverse industries, and a rich cultural scene. From world-class dining and entertainment to a variety of outdoor activities, Dallas offers a dynamic lifestyle that caters to a wide range of interests.

Researching Neighborhoods

Dallas is a city of neighborhoods, each with its unique personality and amenities. The first step in your relocation journey is to research and explore different neighborhoods to find the one that best suits your lifestyle and preferences. Whether you’re drawn to the urban energy of Uptown, the historic charm of Bishop Arts, or the family-friendly suburbs like Plano or Frisco, Dallas has a neighborhood for everyone.

Considering Your Commute

Dallas is a sprawling city, and the ease of your daily commute can significantly impact your overall experience. Consider the proximity of your potential residence to your workplace, schools, and other key destinations. Evaluate transportation options, traffic patterns, and public transit availability to make an informed decision that aligns with your lifestyle.

Cost of Living Considerations

Understanding the cost of living in Dallas is crucial for effective financial planning. While the city offers a range of housing options at different price points, it’s essential to factor in other costs such as transportation, utilities, healthcare, and entertainment. Compare your current budget to the cost of living in Dallas to ensure a seamless financial transition.

Employment Opportunities

If your relocation is tied to a job opportunity, familiarize yourself with the local job market and industries that thrive in Dallas. The city is a hub for sectors such as technology, healthcare, finance, and energy. Networking through professional organizations and online platforms can also help you establish connections in your industry before making the move.

Education and Schools

For families with children, evaluating the quality of education is a top priority. Dallas offers a variety of public and private school options, as well as reputable higher education institutions. Research school districts, consider extracurricular activities, and visit potential schools to ensure they align with your family’s educational goals.

Healthcare Facilities

Access to quality healthcare is a crucial consideration when relocating. Dallas is home to world-class hospitals, medical centers, and healthcare facilities. Research the healthcare options in your chosen neighborhood and ensure that you have convenient access to the medical services you may need.

Exploring Cultural and Recreational Opportunities

Dallas is a city that celebrates culture and offers a myriad of recreational opportunities. Explore museums, theaters, parks, and cultural events to get a sense of the city’s vibrant arts and entertainment scene. Understanding the cultural landscape will enrich your experience and help you integrate into the local community.

Weather and Climate Adaptation

Dallas experiences a subtropical climate with hot summers and mild winters. Be prepared for warm temperatures, and consider how the climate aligns with your preferences. From outdoor festivals to year-round sports activities, the climate plays a role in shaping the city’s lifestyle, so plan accordingly.

Navigating the Housing Market

Once you’ve identified your preferred neighborhoods, dive into the housing market. Whether you’re renting or buying, work with a local real estate agent to explore available options. Dallas offers a range of housing styles, from modern urban apartments to spacious suburban homes. Be sure to consider factors such as school districts, safety, and proximity to amenities.

Community Integration and Networking

Building connections in your new city is essential for a smooth transition. Attend local events, join community groups, and explore networking opportunities in your professional field. Dallas has a friendly and welcoming community, and actively engaging with local events and organizations can help you establish a sense of belonging.

Legal and Administrative Considerations

Relocating involves various administrative tasks, from updating your driver’s license to registering your vehicle. Research the local regulations and requirements to ensure a seamless transition. If you’re moving from another state or country, consult legal professionals to understand the necessary documentation and steps for a smooth relocation process.

Transportation Options

Dallas offers a mix of transportation options, including highways, public transit, and biking infrastructure. Familiarize yourself with the city’s transportation system, and consider your commuting preferences. Whether you prefer driving, using public transit, or embracing the growing bike-friendly initiatives, Dallas provides diverse options for getting around.

Embracing Local Cuisine and Lifestyle

Part of the relocation experience is immersing yourself in the local lifestyle. Explore Dallas’s culinary scene, from Tex-Mex to barbecue, and discover the unique flavors that define the city. Engage in local traditions, attend events, and embrace the cultural diversity that enriches the fabric of Dallas.

Preparing for the Unexpected

Relocation, like any major life change, may come with unexpected challenges. Prepare for the unknown by having a contingency plan, whether it’s addressing potential job changes, unexpected expenses, or adapting to cultural differences. Flexibility and resilience are key as you embark on this new chapter in Dallas.

 

Relocating to Dallas is a journey filled with opportunities for growth, exploration, and a vibrant lifestyle. By thoroughly researching neighborhoods, considering key factors such as cost of living and commute, and actively engaging with the local community, you can ensure a seamless transition to the heart of Texas. Embrace the diverse offerings of Dallas, from its cultural richness to its economic opportunities, and make the most of your relocation experience in this dynamic and welcoming city.

 

Fort Worth median home prices down at end of 2023

Fort Worth ended the year with median home prices at $325,495. While high, that’s a 4.3% decrease year over year.

Fort Worth ended the year with median home prices at $325,495. While high, that’s a 4.3% decrease year over year.

Tarrant County’s median home price was $337,990, which was down from December of 2022 by 3.4%.

Also down at the end of 2023 was inventory. Fort Worth was at 2.3 months, which decreased from 2.7 months in November but was up slightly year over year.

Mortgage rates have remained in the mid-6% percent range over the past four weeks, after falling from a late October peak of 7.79% for a 30-year-fixed-rate loan, according to Freddie Mac. The decrease has created a slight uptick in demand, so as sellers start to emerge after the holiday season, it will be important to move quickly, Realtors say.

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Source: Fort Worth Report

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