$10 million house with indoor pool is a North Texas town’s most expensive listing ever

The highlight of the home is a 65,000-gallon indoor pool with an adjacent living space and kitchen. The pool room has its own dehumidifier.

A high-end listing just raised the bar for the luxury market in a fast-growing city south of Dallas.

The huge 22,000-square-foot estate at 400 Victorian Drive in Waxahachie was just listed for $10 million.

The eight-digit price tag makes the home the highest-priced listing in Waxahachie since 2002, the earliest year the listing service used by local agents has records, according to the MetroTex Association of Realtors.

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Source: The Dallas Morning News

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Property tax relief bill could save Texas homeowners over $1K a year

The property tax relief bill on the November 7th ballot could be the biggest tax break in Texas history for homeowners.

The property tax relief bill on the November 7th ballot could be the biggest tax break in Texas history for homeowners.

Some homeowners are pretty excited about Proposition 4. It even has the backing of some big names like Speaker of the House Dade Phelan.

From homeowners insurance to higher cost of living, it’s expensive to own a home right now but Proposition 4 could help.

“Highly recommend taxpayers, homeowners go out and vote,” said Phelan.

This new bill has been a hot topic within the real estate community.

“In this economy we need as much relief as possible,” said RE/MAX Team Lead Dana Archibald.

Proposition 4 is one of the many state propositions on the ballot this election cycle and it could mean some major savings for homeowners.

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Source: 12 News Now

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Highland Park mansion listed for $32M

Real estate executive Gil Besing is asking $32 million for his newly built, 8,500-square-foot mansion at 3616 Crescent Avenue.

A lavish Highland Park estate just hit the market, and its price tag makes it the most expensive listing in Dallas’ Park Cities area.

Real estate executive Gil Besing is asking $32 million for his newly built, 8,500-square-foot mansion at 3616 Crescent Avenue, the Dallas Morning News reported. Michelle Wood of Compass is the listing agent.

The Highland Park home is the second-most expensive single-family residence in Dallas-Fort Worth, behind only the 27,000-square-foot Crespi Estate that hit the market at $60 million in May.

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Source: The Real Deal

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Real estate agents: These will be the best states to buy property in the next decade

Real estate is an investment that’s why it’s so important to think about not just when and what you’re buying, but the location.

Real estate is an investment, even if it’s not a commercial property but rather a residential one. That’s why it’s so important to think about not just when and what you’re buying, but the location.

After all, where you purchase a home could greatly influence the property’s ability to appreciate over time. Plus, if you’re like most people, you’re going to want a place with great weather, schools, job opportunities and, of course, decent tax breaks. You may also be looking for a place with a social and political climate that matches your own values and beliefs.

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Source: GO Banking Rates

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Dallas Design District property sells to North Carolina investor

Asana Partners purchased the International on Turtle Creek showroom and office complex on Irving Boulevard.

A North Carolina-based real estate firm that’s made several North Texas purchases has acquired a large property in the Dallas Design District.

Asana Partners purchased the International on Turtle Creek showroom and office complex on Irving Boulevard. The 155,000-square-foot complex is in an area seeing rapid redevelopment.

International on Turtle Creek is one of the largest and most successful redevelopment projects in the Design District. Built in 1949 as a parts warehouse for International Harvester, the sprawling warehouse building along Irving and Turtle Creek boulevards was converted in 2005 into new spaces for furnishings, creative and design firms.

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Source: The Dallas Morning News

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Trending in Texas: Fort Worth’s drinking and dining scene is soaring to new heights

Fort Worth has become a hotspot for modern barbecue .The people are passionate and the city has lots of real estate fitting into what barbecue needs.

Located in the northern reaches of the Lone Star State, the city of Fort Worth was first established in 1849, quickly evolving into one of the nation’s most prominent hubs for cattle ranching—and in the modern era, this sprawling city has diversified far beyond the realm of just beef. A rich tapestry of dishes and cuisines can be found in restaurants all across Fort Worth limits, while the local drinks scene has enjoyed its fair share of success as well.

And of course, in typical Texas fashion, there’s a massive array of incredible barbecue joints to explore during a visit. As you plan your next trip to Texas, be sure to save some room in the itinerary for Fort Worth, a king-sized city whose food and drink scene improves with each passing year.

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Source: Forbes

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Home prices in Austin, Texas, are finally falling. See homes you can buy for under $400,000.

Home prices in Austin, Texas, are coming down after a pandemic hot streak, according to Realtor.com.

Home prices in the pandemic boomtown of Austin, Texas, are starting to come back down to earth.

The city’s population grew by 94,764 between 2020 and 2022, according to the Austin Chamber of Commerce, as remote-work orders and an appetite for lower-density living drove many to the Lone Star State capital.

The demand for housing from the sudden influx of residents drove up home prices. In May 2019, the median list price for a home in Austin was $371,056, according to Realtor.com. By May 2022, it had ballooned to $629,542, a 70% increase.

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Source: INSIDER

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It’s still a seller’s market’ despite mortgage rates hitting 23-year high

At 7.3% the week ending Sept. 28, the 30-year fixed-rate mortgage hit the highest level since 2000, according to Freddie Mac.

Jessica Geren and her husband, Matt, traded in a 2.75% mortgage rate for a 5.5% adjustable-rate mortgage in July when they sold their home in Ledyard, Connecticut, to buy a new home in Croton, New York.

The 5/1 arm adjustable-rate mortgage loan the Gerens took provides a fixed interest rate for the first five years, after which it switches to an adjustable interest rate for the remainder of its term. Depending on the interest-rate climate in the future, it could get more expensive.

That was the only way the couple said they could make the math work.

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Source: USA Today

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Texas is the 3rd hottest state for home buyers from outside the US

Released in Sept. by TX Realtors, report shows that the Lone Star State remains the No. 3 hottest US destination for international homebuyers.

The trend of international buyers purchasing homes in Texas shows no signs of slowing down, as revealed in the latest Texas International Homebuyers Report.

Released in September by Texas Realtors, the report shows that the Lone Star State remains the No. 3 hottest U.S. destination for international homebuyers. Texas ranks behind Florida and California for the fourth consecutive year.

From April 2022 to March 2023, 9,900 Texas homes were purchased by buyers from outside the U.S. These homes make up 11.7 percent of the total number of Texas Realtors sales transactions.

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Source: Culture Map

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The value of residential real estate broke a new record $52 trillion

The total value of the US housing market is 49% higher than before the pandemic.

The U.S. housing market has surged over the past year after a temporary hiccup from July 2022-January 2023. Higher mortgage rates then contributed to a decline in the total value of residential real estate as potential buyers reconsidered their plans and residential investment fell. That downturn has proven to be short lived as housing has rebounded impressively so far in 2023, with the total value of the U.S. housing market surging by more than $2.6 trillion over the past year.

While a small chunk of this growth can be attributed to a 1.3% rise in the average value of a US home over the past year, the powerhouse behind this surge has been new construction. Builders have chipped away at the housing deficit as a steady flow of new homes have hit the market this spring and summer.

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Source: Zillow

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