Author : lesley

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Just the Facts: Reduced Prices, New Home Construction, and More

Price Reduced: the New Sign Across the Metroplex There’s a new sign in the North Texas housing market — “Reduced Price.”   Almost 19 percent of the homes listed for sale in Dallas-Fort Worth cut price at least once, according to a new report from Zillow. With home sales slowing and housing prices growing at a much slower rate than in recent years, sellers are sometimes overreaching with their asking prices, real estate agents say. And houses that sit on the market for too long often get a price reboot.   The rate of home price cuts in D-FW is higher than the nationwide rate Read more
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Ratings For All North Texas School Districts Released

The state on Wednesday unveiled its controversial new academic accountability system, which shows that nearly half of North Texas school districts received an A or B grade. Among nearly 160 school districts and charter school operators in the area, 39 earned the top A grade including Highland Park, Coppell and Sunnyvale in Dallas County and Carroll, Grapevine-Colleyville and Hurst-Euless-Bedford in Tarrant County.  As expected, Dallas ISD received a B, with an overall score of 81. The surprise, though, was how it compared with schools ringing its southern border. The state looks at three major categories for the grades: student achievement, school progress and “closing the gaps.”  Student achievement Read more
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Legacy West Developer Moves Forward with Frisco Project

The huge success of the Legacy West development in west Plano finished years ahead of schedule. It attracted many high-profile corporations like Toyota, Fed Ex, JP Morgan, Liberty Mutual, and Boeing. Now that it’s complete… the developer is moving on to a 2,544 acre mixed-use project that will be located in Frisco.  See the full article on developer Fehmi Karahan HERE. Read more
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DFW Builders Partnering with Schools

Really interesting article in the Dallas Morning News: The combination of the labor shortage and the high cost of a four-year degree presents an opportunity for builders and schools to team up, connecting students to industry professionals and giving builders access to a talent pool to support the operations of their companies. “We’re actively recruiting through middle schools, high schools and technical schools to help people understand what they can do in the construction industry,” said Ray Sedey, the southern region president for McCarthy, a commercial builder. See the complete article HERE. Read more
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Just the Facts: DFW Residents are Staying Put Longer

When it comes to moving, Americans are becoming homebodies. The median time U.S. homeowners stay put has risen to 13.3 years — twice the time between moves back in the early 2000s. But in many Texas cities, homeowners are changing addresses more frequently. Frisco residents have one of the lowest median time between moving of any U.S. cites — just 7.5 years according to a new study by consumer research firm ValuePenguin. Frisco recently topped the Census Bureau’s list of the fastest growing cities in the country. Folks in McKinney (7.9 years), Allen (9.5 years) and Denton (9.5 years) also move more Read more
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Just the Facts: Dallas Area Sees Spike in Housing Inventory Growth

Dallas’ constricted housing market took a small dose of real estate Miralax in the second quarter, but analysts say that relief is likely not long-lasting.  The Dallas metro saw a year-over-year increase of more than 32 percent in housing inventory — homes, new and old, available for sale — during the April-June period, according to a report from home listing site Trulia. This means that the Dallas metro’s stock grew to include 14,875 houses, up from 11,653 in the first quarter — and up from 11,234 houses for sale in second quarter of 2017. The Fort Worth metro was similar, with nearly 35 percent inventory growth Read more
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Just the Facts: Dallas Top Housing Market

Dallas is Top Housing Market in New Consumer Poll by Chase Dallas’ housing market gets top marks in a new consumer study by JPMorgan Chase.  The banking giant teamed up with Pulsenomics to ask homeowners about current market conditions, their aspirations for homeownership and outlooks for home values and affordability.  Dallas headed the housing confidence ranking ahead of Denver, Las Vegas and San Francisco, according to Chase.  “These record results were driven by healthy assessments of local real estate market conditions among existing homeowners, but even more so by surging expectations among renters,” Terry Loebs, founder of Pulsenomics, said in Read more
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Just the Facts: Dallas Area School Districts Pay Heavily in the Robin Hood School Tax

Dallas Area School Districts Pay Heavily in the Robin Hood School Tax Coppell and Highland Park Pay the Most Per Capita Property taxes continue to rise, but increasingly for taxpayers in North Texas, those dollars aren’t going to local school districts. According to estimates from the Texas Education Agency for the 2018-19 school year, 25 D-FW school districts are expected to surrender $539 million back to the state through recapture, the mechanism designed to better balance school funding between “property-rich” and “property-poor” districts. Statewide, the TEA estimates that 217 school districts will be subject to recapture for the upcoming school Read more
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Light Farms Plans New Neighborhood for Empty Nesters

By Steve Brown, The Dallas Morning News Celina’s Light Farms community in Collin County, already one of North Texas’ most successful residential projects, hopes to woo older buyers with a new neighborhood. The 1,070-acre development is adding a phase of housing for active older residents. Called Sweetwater, the neighborhood will have single-story homes built by Taylor Morrison. Developer Republic Property Group says the subdivision will have building sites for 170 homes for baby boomers and empty nesters. “We believe the strongest and most-welcoming communities develop over time thanks to balance and diversity in all that they offer residents,” Tony Ruggeri, co-CEO Read more
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Just the Facts – Texas is CNBC’s Top State for Business in America in 2018

* Texas claims the top spot in CNBC’s 2018 America’s Top States for Business rankings. * The energy sector is helping to turbocharge the $1.6 trillion Texas economy. * Texas has added more than 350,000 jobs in the past year. * Texas is home to some of America’s most important public and private companies, including giants like AT&T, ExxonMobil and Dell.   Riding the rising tide of energy prices—and the job growth that goes with it—Texas claims the top spot in CNBC’s 2018 America’s Top States for Business rankings. This is familiar territory for the Lone Star State, which becomes Read more