Tag Archive for: housingmarket

A $27.5M estate in Southlake has hit the market, and it might be a music producer’s dream. The three-level home was custom built in 2016.

A $27.5 million estate in Southlake has hit the market, and it might be a music producer’s dream.

Sure, the photos show it. It’s got all the things you’d expect to find in a sprawling North Texas mansion and then some. There are eight bedrooms, eight full bathrooms and three partial baths.

The home at 1469 Sunshine Lane sits on a more than 3.5-acre lot near Grapevine Lake. The three-level home was custom built in 2016.

But the biggest draw to the 31,234-square-foot mansion might be a state-of-the-art studio unlike most others.

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Source: The Dallas Morning News

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Even as home prices hit new highs, experts say there are signs that the housing market is becoming better for buyers in some locations.

Even as home prices hit new highs, experts say there are signs that the housing market is becoming better for buyers in some locations.

The median cost of an existing, single-family home in the U.S. was $426,900 in June, a new all-time high, according to the National Association of Realtors. About 3.89 million homes were sold in June, a 5.4% decrease from May, NAR found.

While mortgage rates have declined from their May peak, borrowing costs remain expensive for buyers. The average 30-year fixed rate mortgage in the U.S. nudged up to 6.78% from 6.77% on Thursday, according to Freddie Mac data via the Federal Reserve.

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Source: CNBC

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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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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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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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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 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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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.

 

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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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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