Tag Archive for: realestate

I’m a Professional Real Estate Investor: These Are the 5 Markets I’m Predicting Will Be Huge in 2024

New Western's President and co-founder Kurt Carlton predicts significant real estate investment opportunities in 2024

GOBankingRates spoke with Kurt Carlton, president and co-founder of New Western, a private source of residential investment properties, to get his predictions for the markets that will be huge for real estate investing in 2024.

Atlanta; Charlotte, North Carolina; Tampa, Florida; and Dallas-Fort Worth

Carlton believes that a number of the recent top markets will continue to be hot leading into 2024.

“Top markets for investors that we have seen emerge over the last few months include Atlanta, Charlotte, Tampa and Dallas-Fort Worth,” he said. “In Q3, Realtor.com released the top 10 growing metropolitan areas that people are looking to move to, also highlighting Atlanta, Dallas, Tampa and Charlotte.”

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Source: yahoo!finance

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Understanding the Dallas-Fort Worth Metroplex: A homebuyer’s guide

Unlock the potential of the Dallas-Fort Worth Metroplex with our comprehensive homebuyer's guide. Explore job opportunities, cultural diversity, and diverse housing options. Navigate submarkets and market trends for a successful home purchase in this dynamic region!
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 Metroplex, often referred to as DFW, is one of the fastest-growing metropolitan areas in the United States. It’s a dynamic region known for its thriving economy, diverse culture, and a wide range of opportunities. If you’re considering buying a home in the DFW Metroplex, you’re in for a real estate journey that offers both diversity and complexity. In this comprehensive guide, we’ll walk you through the ins and outs of the DFW Metroplex, helping you make an informed decision on your home purchase.

The Dallas-Fort Worth Metroplex: An overview

The DFW Metroplex is a vast and multifaceted area located in North Texas. It encompasses a multitude of cities and communities, with Dallas and Fort Worth as its two major anchor cities. The Metroplex is known for its strong job market, excellent schools, and a wide range of cultural and recreational activities.

Why Consider the DFW Metroplex for Your Home Purchase?

Job Opportunities: The DFW Metroplex is a major economic hub with a diverse job market. It’s home to numerous Fortune 500 companies, making it a great place for career opportunities. Industries such as technology, healthcare, finance, and energy are prominent in the area.

Quality Education: The DFW Metroplex offers a wealth of educational opportunities, from excellent public school districts to prestigious private schools. It’s also home to several universities and colleges, including Southern Methodist University (SMU) and the University of Texas at Arlington.

Cultural Diversity: The region is known for its cultural diversity. You’ll find a wide range of dining options, cultural festivals, and vibrant communities representing various cultures.

Thriving Arts Scene: The DFW Metroplex boasts a thriving arts scene, with world-class museums, theaters, and music venues. The Dallas Arts District is one of the largest in the nation.

Affordable Housing: While housing prices have risen in recent years, the DFW Metroplex is still considered more affordable than many other major metropolitan areas. This affordability, coupled with a variety of housing options, makes it an attractive choice for homebuyers.

Navigating the DFW Metroplex: Understanding the Submarkets

The DFW Metroplex is divided into numerous submarkets, each with its own unique characteristics and housing options. Here are some of the notable submarkets within the Metroplex:

Dallas: Dallas is a bustling, cosmopolitan city known for its diverse neighborhoods and employment opportunities. The city offers a mix of housing options, from historic homes in areas like Lakewood and Bishop Arts to modern condominiums in Uptown.

Fort Worth: Fort Worth, often referred to as the “City of Cowboys and Culture,” offers a unique blend of Western heritage and urban sophistication. You can find everything from historic homes in Fairmount to new developments in West 7th.

Arlington: Arlington is situated between Dallas and Fort Worth and is known for attractions like AT&T Stadium and Six Flags Over Texas. The city offers a range of housing options, from established neighborhoods to newer developments.

Plano: Plano is a family-friendly city with top-rated schools and a strong job market. It’s known for its upscale neighborhoods, such as Willow Bend and Lakeside on Preston.

Frisco: Frisco is one of the fastest-growing cities in the Metroplex, with excellent schools and a range of housing options, including master-planned communities and luxury homes.

McKinney: McKinney is known for its charming historic downtown area and a variety of housing choices, from Victorian-style homes to contemporary developments.

Southlake: Southlake is an affluent community with highly-rated schools and luxury real estate options, including gated communities and custom-built homes.

Grapevine: Grapevine, often referred to as the “Christmas Capital of Texas,” offers a mix of historic homes and newer developments.

Allen: Allen is a family-friendly city with excellent schools and master-planned communities, such as Twin Creeks and Watters Creek.

The DFW Metroplex Real Estate Market

The real estate market in the DFW Metroplex is diverse, and it’s essential to understand its dynamics before making a purchase. Here are some key points to consider:

Housing Types: The Metroplex offers various housing types, including single-family homes, townhomes, condominiums, apartments, and luxury estates.

Market Trends: The DFW real estate market has experienced strong demand and appreciation in recent years. While this is generally good for sellers, it’s essential for buyers to act quickly in a competitive market.

Affordability: While housing prices have risen, the DFW Metroplex remains relatively affordable compared to other major cities. However, the affordability varies by submarket, so it’s crucial to set a budget and explore different areas.

New Developments: New residential developments are continually emerging in the Metroplex, offering modern amenities and innovative designs. These developments cater to a wide range of preferences, from urban living to suburban comfort.

Tips for Homebuyers in the DFW Metroplex

Define Your Priorities: Determine your priorities in terms of location, amenities, schools, and commute. Different submarkets offer different advantages, so be clear about your preferences.

Secure Financing: Get pre-approved for a mortgage to understand your budget and have a competitive edge in a fast-paced market.

Work with a Local Realtor: A local real estate agent with knowledge of the DFW Metroplex can be an invaluable resource. They can help you navigate the market, find the right neighborhood, and negotiate on your behalf.

Research Neighborhoods: Take the time to research neighborhoods, visit them, and get a feel for the local atmosphere. This will help you make an informed decision.

Be Prepared for Competition: In a hot real estate market like the DFW Metroplex, be prepared for competition. Homes may receive multiple offers, so it’s crucial to act promptly and make your offer attractive to sellers.

The Dallas-Fort Worth Metroplex offers a wealth of opportunities for homebuyers. With a strong job market, quality education, diverse cultural experiences, and affordable housing, it’s no wonder that the Metroplex continues to attract new residents. However, navigating this dynamic real estate market requires careful planning, research, and the support of a knowledgeable real estate professional. As you embark on your homebuying journey in the DFW Metroplex, keep in mind your priorities and budget, and be prepared to make timely decisions in a competitive market. With the right guidance and understanding, you can find your ideal home in this thriving and vibrant region.

 

Which states are good to invest in real estate in right now?

These top 5 states offer potential investors valuable insights as they consider where to make their next real estate moves.

The global real estate market is now valued at $3976.18 billion. It’s expected to grow to $5209.84 billion in 2027. With this growth comes increased competition, making ideal opportunities for U.S. real estate investment much harder to come by.

As we navigate today’s economic currents, it has become increasingly vital to identify areas known for stability and substantial return potential. In this guide, we list down the top five states that offer both simultaneously.

These states have earned their place on our list for their excellent performance in various market aspects, such as growth, demand, affordability, and economic resilience. Each one presents a unique investment proposition, from burgeoning tech hubs to enthralling scenery ripe for development.

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Source: BENZINGA

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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.

 

‘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.

 

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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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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