Here’s what a Denton County realtor is saying about the housing market

There are several metro areas in Denton County along with a lot of open space if you're looking for acreage drawing many people to move there

Buying a house is dream for many North Texans but lately, it might feel more of a burden given higher interest rates combined with inflation.

But how are our counties doing here in North Texas if you are in the market to buy or sell your house?

In Denton County, there are several metro areas along with a lot of open space if you’re looking for acreage drawing many people to move to there.

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Source: CBS Texas

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The pros and cons of buying a historic home in Dallas

Explore the allure of historic homes in Dallas - from unique architectural character to potential tax benefits. Learn the pros and cons before making your decision. Tips for a successful purchase included!
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!

Dallas, Texas, is a city known for its modern skyscrapers, vibrant business community, and contemporary lifestyle. However, nestled within the bustling city are neighborhoods rich in history, offering historic homes that have their own unique charm and character. Buying a historic home in Dallas can be a dream come true for many, but it’s essential to weigh the pros and cons before taking the plunge into the world of historic real estate. In this comprehensive guide, we’ll explore the advantages and challenges of owning a historic home in Dallas, helping you make an informed decision.

The pros and cons of buying a historic home in Dallas

Unique Architectural Character: Historic homes in Dallas boast exceptional architectural designs that reflect the city’s rich history. You’ll find various styles, from Victorian and Tudor to Colonial and Mid-century modern. Owning a historic home means living in a piece of Dallas’s history, with all the distinctive features that come with it.

Sense of History and Tradition: Historic homes often come with stories and a sense of history that can be truly captivating. You become a part of the narrative of your home, connecting with the past and preserving a piece of Dallas’s heritage.

Craftsmanship and Quality: Many historic homes were built during a time when craftsmanship and attention to detail were paramount. You’ll find intricate woodwork, detailed molding, and high-quality materials that are rare in modern construction.

Potential for Tax Benefits: Depending on the specific historic designation of your home, you may qualify for property tax incentives, which can result in considerable savings. Dallas offers various programs to encourage the preservation of historic properties.

Established Neighborhoods: Historic homes are often located in well-established neighborhoods with a strong sense of community. These neighborhoods offer stability and can be a great place to raise a family.

Aesthetic Appeal: Historic homes have an undeniable aesthetic appeal. They stand out in their uniqueness, offering a sense of grandeur and elegance that’s hard to replicate in newer homes.

The cons of buying a historic home in Dallas

Maintenance and Upkeep: Historic homes require consistent maintenance and upkeep. Many of the materials and features in these homes are not as readily available as modern counterparts, making repairs and renovations more challenging.

High Costs of Renovation: Restoring or renovating a historic home can be a costly endeavor. Compliance with preservation regulations, sourcing period-specific materials, and ensuring that updates are in line with the home’s historical significance can drive up expenses.

Energy Efficiency*: Historic homes often lack the energy-efficient features found in modern construction. You may need to invest in upgrades to improve insulation, heating, and cooling systems, and energy efficiency, which can be both costly and time-consuming.

Potential Restrictions*: If your historic home is subject to preservation regulations, you may face restrictions on changes or alterations to the property’s appearance. These restrictions can limit your ability to modernize or personalize your home.

Limited Storage and Space*: Older homes were not designed with modern storage needs in mind. You may find that closets, bathrooms, and kitchen spaces are smaller and less accommodating than in newer homes.

Lead and Asbestos Concerns*: Historic homes may contain materials such as lead-based paint and asbestos, which can be hazardous to your health. Remediation and removal can be expensive and complex.

Tips for buying a historic home in Dallas

If you’re considering purchasing a historic home in Dallas, here are some essential tips to keep in mind:

Conduct a Thorough Inspection: Before finalizing your purchase, invest in a comprehensive inspection. Look for potential issues like structural damage, outdated wiring, plumbing problems, and lead or asbestos concerns.

Understand Preservation Regulations: If your historic home falls under preservation regulations, make sure you understand the restrictions and requirements involved. Consult with local preservation organizations and experts for guidance.

Budget for Renovations: Expect that your historic home will require renovations and updates. Budget accordingly, and consider creating a phased renovation plan to spread out the costs over time.

Research Tax Incentives: Explore the various tax incentives and preservation programs offered in Dallas. These incentives can help offset some of the costs associated with owning a historic home.

Work with a Realtor with Historic Experience: Seek a real estate agent who has experience in dealing with historic properties. They can provide valuable insights into the local market and help you navigate the complexities of historic home purchases.

Join a Preservation Group: Consider joining a local preservation group or organization that can offer resources, guidance, and a sense of community with other historic homeowners.

Owning a historic home in Dallas is a unique and rewarding experience, but it comes with its own set of challenges. As you weigh the pros and cons, it’s essential to evaluate your own preferences and priorities. If you appreciate the beauty of historic architecture, value the sense of history, and are willing to invest in the maintenance and renovation of your home, then a historic property may be an ideal choice for you. However, if you prefer modern conveniences, energy efficiency, and minimal maintenance, a historic home may not align with your lifestyle. Ultimately, the decision to buy a historic home in Dallas should be based on your personal preferences and your commitment to preserving a piece of the city’s rich heritage.

 

Fort Worth neighbor is 9th fastest-growing affordable suburb in US, report says

Life in the Fort Worth area may not be as affordable as it used to be. But one local city is still a bargain, according to a new report.

Life in the Fort Worth area may not be as affordable as it used to be. But one local city – Burleson – is still a bargain, according to a new report by moveBuddha on “The Top 20 Fastest-Growing Affordable U.S. Suburbs.”

The south Fort Worth suburb ranked No. 9, with a population growth rate of 11.2 percent as of 2020, the report said.

The report notes that some suburbs have stagnated, in the wake of a trend of people moving toward more walkable inner cities. But the allure of space and safety is still a lure for many home buyers. Burleson is just 15 miles from downtown Fort Worth, making a manageable commute part of its appeal.

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Source: Culturemap Fort Worth

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‘The Shotgun House’ from ‘Fixer Upper’ TV show hits market in Texas

A well-known home from “Fixer Upper,” one of the Gaines couple’s most popular HGTV shows, has landed on the real estate market for $950,000.

Chip and Joanna Gaines not only have completely revamped “do it yourself” activities by creating the Magnolia Network, but they’ve also managed to change the way people see Waco, Texas.

A well-known home from Season 3 of “Fixer Upper,” one of the Gaines couple’s most popular HGTV shows, has landed on the real estate market for $950,000.

“Here is your chance to own a remarkable piece of history,” the listing on Realtor.com says. “The Shotgun House is nestled just steps from the iconic Magnolia Silos and Market and just a stone’s throw from the prestigious Baylor University.”

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Source: Fort Worth Telegram

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Dallas residential real estate: Trends and hotspots

Unlock the potential of Dallas's booming residential real estate market! Explore trends, hotspots, and investment opportunities in diverse neighborhoods. Whether you're a homebuyer or investor, make informed decisions with our comprehensive guide.
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 city of Dallas, Texas, has become a thriving hub for residential real estate, offering a diverse range of neighborhoods and properties to suit every lifestyle and budget. Whether you’re a first-time homebuyer, an investor, or simply looking for a new place to call home, understanding the trends and hotspots in Dallas’s residential real estate market is crucial. In this comprehensive guide, we’ll delve into the latest trends, emerging neighborhoods, and the factors that make Dallas a compelling destination for homebuyers and investors.

Dallas Residential Real Estate Trends

Strong Market Growth: The Dallas residential real estate market has experienced steady growth over the past decade. The city’s vibrant economy, job opportunities, and overall quality of life have consistently attracted new residents, driving demand for housing.

Diverse Housing Options: Dallas offers a diverse range of housing options, from single-family homes and townhouses to apartments and condominiums. This variety allows prospective buyers to find properties that align with their lifestyle and financial goals.

Competitive Pricing: While Dallas is known for its strong economy and job market, it still offers relatively affordable housing compared to other major U.S. cities. This affordability, combined with the city’s amenities and job opportunities, makes it an attractive destination for homebuyers.

Booming Suburbs: Dallas’s suburbs are experiencing a significant influx of residents, thanks to their family-friendly communities, excellent schools, and modern amenities. Suburban areas like Frisco, McKinney, and Plano have become hotspots for both families and professionals.

Investment Opportunities: Dallas has gained recognition as a promising market for real estate investors. The city’s population growth and economic stability have made it an attractive destination for those looking to build wealth through real estate investments.

Dallas Residential Real Estate Hotspots

Now, let’s explore some of the hottest neighborhoods and areas in Dallas, each with its unique characteristics and attractions:

Uptown Dallas: Located just north of downtown, Uptown is a vibrant, walkable neighborhood known for its upscale apartments, trendy restaurants, and a thriving nightlife. It’s a hotspot for young professionals and urban enthusiasts.

Highland Park: Known for its prestigious school district and luxurious homes, Highland Park is an affluent suburb of Dallas. It offers tree-lined streets, parks, and upscale shopping, making it a desirable neighborhood for families.

Lakewood: Nestled near White Rock Lake, Lakewood offers a mix of historic and modern homes. The area’s natural beauty and strong sense of community make it a sought-after neighborhood for families and outdoor enthusiasts.

Deep Ellum: For those seeking a creative and artistic atmosphere, Deep Ellum is a unique neighborhood filled with music venues, galleries, and an eclectic mix of housing options. It’s a haven for artists and young professionals.

Frisco: As one of the fastest-growing cities in the United States, Frisco has become a hotspot for families. The area offers excellent schools, beautiful parks, and a range of housing options, including master-planned communities.

Oak Lawn: Oak Lawn is known for its diverse and inclusive community. It’s a vibrant neighborhood with a mix of historic homes and modern condominiums, making it a hotspot for the LGBTQ+ community and urban dwellers.

Plano: Plano is a thriving suburb that has consistently ranked among the best places to live in the U.S. It offers excellent schools, a strong job market, and a range of housing options, from single-family homes to apartments.

Factors Driving Dallas’s Residential Real Estate Market

Several key factors contribute to the appeal and growth of Dallas’s residential real estate market:

Job Opportunities: Dallas is home to a diverse economy, with a strong presence in industries such as technology, healthcare, finance, and energy. The city’s job market continues to attract professionals and families seeking career opportunities.

Quality of Life: Dallas offers a high quality of life, with a wide range of cultural attractions, dining options, parks, and outdoor activities. Residents can enjoy a mix of urban and suburban experiences.

Education: The city is known for its excellent school districts, making it an attractive destination for families. Access to quality education is a top priority for many homebuyers.

Affordability: Dallas’s housing market remains relatively affordable, especially when compared to other major cities. The ability to purchase spacious homes or upscale apartments at a reasonable cost is a significant draw.

Infrastructure and Transportation: Dallas has invested in improving its infrastructure and transportation systems, making it easier for residents to navigate the city and access various amenities and job centers.

Tips for Homebuyers and Investors

Whether you’re looking to buy a home for your family or considering real estate investments in Dallas, here are some tips to help you make informed decisions:

Define Your Goals: Clarify your objectives. Are you looking for a family-friendly neighborhood, a vibrant urban experience, or a property to generate rental income?

Research Neighborhoods: Explore different neighborhoods to find the one that best suits your lifestyle and preferences. Consider factors like schools, amenities, and job proximity.

Work with a Real Estate Agent: A local real estate agent with knowledge of the Dallas market can provide valuable insights and guide you through the buying process.

Assess Your Budget: Determine your budget and obtain pre-approval for a mortgage. Knowing your financial limitations will help you narrow down your choices.

Consider Long-Term Value: If you’re an investor, focus on properties with the potential for long-term value appreciation. Research market trends and areas with high growth potential.

Dallas’s Residential Real Estate Promise

Dallas’s residential real estate market offers a promising landscape for homebuyers and investors. With a strong job market, diverse neighborhoods, and competitive pricing, it’s no wonder the city continues to attract newcomers. Whether you’re drawn to the urban energy of Uptown, the family-friendly suburbs, or the artistic vibes of Deep Ellum, there’s a place for everyone to call home in Dallas. As the city continues to evolve and grow, it’s essential to stay informed about the latest trends and hotspots to make the most of this thriving real estate market.

 

Castle home, wedding venue overlooking lake hits the market for $5.5 million

The Parsons Castle in Bosque County is a lakefront castle just over an hour’s drive from Dallas and Fort Worth now on the market for $5.5M

A lakefront castle just over an hour’s drive from Dallas and Fort Worth is on the market for $5.5 million.

The property, at 119 Private Road 1820 along Lake Whitney near Waco, was listed Nov. 10. The castle, named the Parsons Castle after its owners, is in Bosque County with a Clifton address.

The castle, which has 10 bedrooms, 15 bathrooms and more than 11,000 square feet of space could be used either as a weddings and events venue or a primary residence.

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Source: The Dallas Morning News

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Everything is bigger in Texas? Not so, as these 3 tiny homes wow real estate market

"Everything is bigger in TX,” but a trio of homes with interiors that burst with elegance has landed on the real estate market in Ranger for $650,000

Sure, the good ol’ saying straight from the Lone Star State is that “everything is bigger in Texas,” but a trio of homes with interiors that burst with elegance has landed on the real estate market in Ranger for $650,000.

While that might seem pricey to some, the homes come on 10-acres of pristine land, complete with scenic views.

“Boasting over 3,300 acres in the community, this property perfectly blends nature, luxury, and comfort,” the listing on Collin-Roberts.com says. “The highlight of this property is the three, as seen on HGTV, Nomad Tiny Homes, custom-built and fully furnished.”

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Source: Fort Worth Star-Telegram

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Dallas vs. Fort Worth: Choosing the right place to call home

Explore Dallas vs. Fort Worth: A Comprehensive Guide to Choosing Your Ideal Home in the Thriving DFW Metroplex. Compare lifestyles, costs, job markets, education, and more for a well-informed decision. Your perfect city awaits!
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!
When it comes to settling down in the vibrant and growing region of North Texas, the choice between Dallas and Fort Worth can be a challenging one. Both cities offer unique lifestyles, amenities, and opportunities, making the decision more about personal preferences and priorities. In this comprehensive guide, we’ll explore the similarities and differences between Dallas and Fort Worth, helping you decide which city is the right place to call home.

The Dallas-Fort Worth Metroplex: A Thriving Region

The Dallas-Fort Worth (DFW) metroplex is one of the fastest-growing and most dynamic regions in the United States. With a combined population of over 7 million residents, DFW has evolved into a major economic and cultural hub, attracting newcomers from across the country and around the world. The metroplex is known for its robust job market, diverse economy, and a rich tapestry of communities and neighborhoods.

Dallas: The Urban Epicenter

Dallas is often described as the more urban and cosmopolitan sibling of the DFW duo. It’s the economic powerhouse of the region, with a thriving corporate sector, numerous Fortune 500 companies, and a global business presence. Here are some of the key aspects of Dallas:

Urban Lifestyle: Dallas boasts a bustling downtown area with impressive skyscrapers, world-class dining, and a vibrant arts scene. The city’s urban lifestyle is well-suited for those who enjoy the energy of a major metropolis.

Economic Opportunities: The city is a hub for various industries, including finance, technology, healthcare, and more. The job market in Dallas is robust, offering a wide range of career opportunities.

Cultural Attractions: Dallas is home to renowned cultural institutions such as the Dallas Museum of Art, the Nasher Sculpture Center, and the Dallas Symphony Orchestra. It’s a city that celebrates the arts.

Diverse Communities: Dallas is a melting pot of cultures and lifestyles. The city is known for its diverse communities, each offering its unique flavor and character.

Education: The city boasts a range of educational options, including public and private schools and several universities and colleges.

Fort Worth: The Western Jewel

On the other side of the DFW metroplex, you’ll find Fort Worth, a city with a distinctly Western charm. Known for its rich history and cowboy heritage, Fort Worth offers a unique lifestyle that’s often characterized as a bit more relaxed. Here are some aspects of Fort Worth:

Cowtown Spirit: Fort Worth embraces its cowboy past, and this spirit is evident in the historic Stockyards District, where you can watch cattle drives, visit rodeos, and experience a taste of the Old West.

Cultural Scene: While known for its cowboy culture, Fort Worth also offers a thriving cultural scene. The city is home to the Kimbell Art Museum, the Modern Art Museum of Fort Worth, and the Fort Worth Symphony Orchestra.

Affordable Living: Fort Worth’s cost of living is generally lower than that of Dallas, making it an attractive option for those looking to make the most of their budget.

Outdoor Activities: The city and its surroundings offer ample opportunities for outdoor enthusiasts. From parks and hiking trails to nearby lakes, there’s no shortage of natural beauty.

Education and Healthcare*: Fort Worth has a strong healthcare presence with world-class hospitals and healthcare facilities. It also offers quality educational options, including public and private schools.

Comparing the Cost of Living

The cost of living is a significant factor when choosing where to live, and it’s important to understand how Dallas and Fort Worth compare in this aspect. Generally, Fort Worth tends to be more budget-friendly in several key areas:

Housing: Fort Worth typically offers more affordable housing options, including lower home prices and rental rates compared to Dallas. This can make it an attractive choice for first-time homebuyers and renters.

Transportation: The cost of transportation in Fort Worth is generally lower, with shorter commute times and fewer traffic congestion issues.

Dining and Entertainment: Fort Worth often has lower restaurant and entertainment costs, providing residents with more budget-friendly options for dining out and leisure activities.

Taxes: Texas is known for its lack of state income tax, which applies equally to both Dallas and Fort Worth. This means you’ll have more money in your pocket when it comes to income tax.

The Job Market and Industry Opportunities

One of the significant factors driving people to the DFW metroplex is the promising job market. Both Dallas and Fort Worth offer a wide range of employment opportunities across various sectors. However, it’s essential to consider the type of industry that aligns with your career goals:

Dallas: The city’s diverse economy includes thriving industries such as finance, technology, healthcare, and professional services. It’s home to numerous corporate headquarters, creating ample job opportunities in these sectors.

Fort Worth: While Fort Worth also has a robust job market, it’s known for its strong presence in manufacturing, aviation, and aerospace. Major companies like Lockheed Martin have a significant presence in the city.

Choosing the right city may also depend on your specific field of work and the companies or organizations you want to work for.

Schools and Education

If you have a family or plan to in the future, the quality of the education system is a crucial consideration. Both Dallas and Fort Worth offer a range of educational options:

Dallas: The Dallas Independent School District (DISD) is one of the largest in the country, serving a diverse student population. The city also has various private schools and a variety of higher education institutions.

Fort Worth: The Fort Worth Independent School District (FWISD) is the fifth-largest in Texas and known for its commitment to quality education. Fort Worth is also home to Texas Christian University (TCU), a well-regarded private university.

Choosing the Right Place to Call Home: Factors to Consider

As you make the decision between Dallas and Fort Worth, here are some factors to consider:

Lifestyle: Think about the type of lifestyle you want. Do you prefer the bustling urban life of Dallas, or are you more inclined toward the cowboy spirit of Fort Worth?

Career Goals: Consider your career aspirations and whether your industry is more prevalent in one city over the other.

Budget: Assess your budget and how housing costs, transportation, and general living expenses align with your financial goals.

Family and Education: If you have a family or plan to, the quality of schools and educational opportunities should be a top priority.

Community and Amenities: Think about the communities and amenities that are most important to you. Whether it’s cultural attractions, outdoor activities, or dining options, your preferred city should align with your interests.

Dallas vs. Fort Worth – Which Is Right for You?

Choosing between Dallas and Fort Worth ultimately comes down to your personal preferences and priorities. Both cities offer unique opportunities and lifestyles that can cater to a wide range of interests and needs. Consider what matters most to you, whether it’s career prospects, cost of living, cultural experiences, or education, and let those priorities guide your decision. The DFW metroplex, with its diverse communities, ensures there’s a place for everyone to call home.

The share of homes for sale with price drops hits a record high

Real estate company Redfin reports that the share of homes for sale with price drops is at its largest ever.

The real estate market is fairly harsh for all parties involved right now, but here’s a glimmer of good news for homebuyers: Sellers are slashing their prices at record levels.

Real estate company Redfin reports that the share of homes for sale with price drops is at its largest ever. The company measures this share by averaging the share of listings with price drops within a four-week window. During the four weeks ending Oct. 29, a whopping 6.9% of all homes on the market underwent price cuts.

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Source: Money.com

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Fort Worth Mayor Mattie Parker says state of the city is ‘absolutely strong’

Fort Worth continues to be a city on the rise and a great place to live, Mayor Parker said in her State of the City address.

From safety to services, Fort Worth continues to be a city on the rise and a great place to live, Mayor Mattie Parker said in her State of the City address Friday at the Fort Worth Convention Center.

“Our success as a city is contingent upon our commitment to quality of life policies and investments,” Parker said. “People are quite literally voting with their feet. When people could live anywhere, they’re choosing to live in Fort Worth.”

Nothing surprising about the second-term mayor’s positive outlook but it wasn’t just talk. She had facts to back up her message, noting that Southern Living Magazine named Fort Worth the Best Place to Retire for “City Lovers” – and the Pacific Research Institute named Cowtown  the “Most Pro-Growth City in America.”

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Source: Forth Worth Business Press

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