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Dallas Real Estate Blog
New Dallas Real Estate Interactive Listings MapContributed by DTRE on April 6, 2008 DTRE is proud to announce a completely re-designed Dallas Real Estate Listings section with an interactive map that includes home location as well as neighborhood boundaries. As shown below, the properties will be listed on left (pulled from Google Base), and then automatically populated into our interactive map on the right-hand side of the page. If you click on one of the properties, the map will immediately re-center to show that particular listing and have a pop-up with pertinent information.  We have also improved the search functionality to help you find the exact homes that you are interested in. For instance, if you only want to see Dallas Foreclosures just choose Foreclosures from the listings type drop down. We have also added the ability to narrow your search to Dallas, Irving, Fort Worth, and Arlington. Here is a pre-sorted search for Forth Worth Real Estate Listings. As always, please feel free to drop us an email and let us know what you think. Comments: 0 Home Prices Drawing People to DallasContributed by DTRE on March 27, 2008 The AP reported that between July 2006 and July 2007 Dallas-Fort Worth added more new residents than any other metro area in the country. Apparently Dallas added over 160k new residents during said period. The article states competitive home prices as a key reason for the shift: Experts credit much of the growth in the South to relatively strong local economies and housing prices that are among the most affordable in the U.S. "People are running away from unaffordable housing, from the economic slowdown," said Karl Eschbach, a state demographer in Texas. "I would expect Texas to stay at the top of a slowing game." The article goes on to talk about how Texas suburbs offer a size (sq ft) to price ratio that is just hard to find in other parts of the country. Case in point are our Dallas suburbs...why build small when you can just go further north? Texas actually boasts four of the top 10 jumps in the country, with Houston, San Antonio, and Austin all making large gains. Check out the full article here. Comments: 1 Dallas Economy in ExpansionContributed by DTRE on March 6, 2008 We've talked before about how the Dallas real estate market seems to be doing well despite the broader US market issues. DFW home sale prices gained in the 4th quarter and Dallas was cited as one of the least likely cities to see drops in home prices. All good news for the local market. This week USA Today published an interesting article that might provide some commentary on why Dallas (and other Texas real estate markets like Houston) are weathering the storm. The article takes to issue the idea that we're looking at a national recession (that it's more isolated to local pockets throughout the country) and shows a map of which states are in a recession mode versus an expansion state. The map shows both Texas and Dallas in an expansion state. Texas had one of the better gains in home prices last year at 5.2% on average. Utah saw the highest gains at 9.3% and Wyoming had the biggest fall at -8.3%. Comments: 0 Foreclosure Bus Tours Becoming Popular in the Dallas AreaContributed by DTRE on February 26, 2008 There have been several articles about how some local agents have begun giving bus tours of local foreclosures. Dallas' local NBC station has a video feature of the story. According to a different article about the same topic, apparently it was an idea that originated in California a year ago amongst agents looking to make ends meet in a down market. This new model was surely brought on by the fact that foreclosures were up 75% last year...sometimes down times can lead to creative inspiration and new business models. As they say- necessity is the mother of invention! Comments: 1 DFW home sale prices see slight gain in 4Q07Contributed by DTRE on February 17, 2008 The Dallas Morning News reported that sale prices of homes in the Dallas-Fort Worth area rose by 0.5% in the 4th quarter of 2007. We've posted before about how Dallas has done well in a down real estate market, so this is definitely good news for the area. While 0.5% might seem like a neglidgible gain, in comparisson, prices dropped by almost 6% on national average with some areas seeing as much as a double digit drop (read the article for more details), so all things considered, this is a good sign for the local market. Another interesting item was that Dallas condo prices were up nearly 5% which should speak to the question of if local Dallas condos are a good investment. Comments: 1 CNN says foreclosures were up 75% in 2007Contributed by DTRE on January 29, 2008 No wonder people want to know how to find foreclosures in Dallas...CNN reported today that foreclosures were up by 75% in 2007. The subprime crunch combined with dropping home prices and fewer home sales has proved to be a lethal combination. The report goes on to say that more than 1% of the homes in the US were in some state of foreclosure during the year. Unfortunately the article reads like a 'bad to worse' scenario. Hopefully the recent Fed rate cuts will slow this momentum in '08. Read about how the rate cuts might affect your mortgage on our partner Houston site. Comments: 1 Dallas says goodbye to the Hard RockContributed by DTRE on January 20, 2008 The building that previously housed the Dallas Hard Rock Cafe (which was closed about a year ago) in Uptown on McKinney Ave was bulldozed this weekend. This lays rest to the rumor that it was going to be converted into a Real World Dallas house for the MTV reality show. The property was bought by a real estate developer and there are no public plans about what will be built in this prime location. A news report claimed that the final decision to tear down the Hard Rock came when it failed to be approved by the city as a historic building...not because it was the Hard Rock but because it was built in the 1920s! Comments: 0 Dallas continues to do well in down marketContributed by DTRE on January 15, 2008 The Dallas Morning News had some good news concerning the Dallas real estate market today. The report was very encouraging...with the opening line "Dallas-Fort Worth's housing market is the least likely of any in the country to see a decrease in home values, a new report confirms.", how can local area investors not breathe a collective sigh of relief? The story goes on to provide more good news: Home values in North Texas have been relatively flat while they are falling in many other major U.S. cities. In 2007, the median price of homes sold through the North Texas Realtors' multiple listing service was up 1 percent from 2006. We're glad the good news for Dallas real estate investors seems to keep coming. We'd be interested to know if there are certain neighborhoods that are fueling the market. Read the article here. Comments: 1 Thoughts on the Dallas / Fort Worth Real Estate MarketContributed by David Winans on January 10, 2008 The DFW real estate market is doing fine considering the concerning national business climate. A friend of mine said the other day about our local real estate market," we never laughed on the way up so we do not have to cry on the way down". He is right, DFW never experienced high rates of appreciation like so much of the USA has in the last 10 years. DFW housing appreciation moves like a snail. Some areas like North Dallas and Southlake are still going very strong. Areas like Arlington and Mansfield are experiencing soft markets. I am thankful to be in a market that remains solid. David Winans GMAC Real Estate Comments: 1 Dallas to Host 2008 Real Estate SymposiumContributed by DTRE on January 6, 2008 From February 12 to 14, Dallas will host the 2008 Annual Public Real Estate Education Symposium (PRES). The Intercontinental Hotel in Addison will be the main location for the event which will have over 50 workshops. It's a multi-functional event which, according to the press release, "brings together those involved in the acquisition, management and disposal of public infrastructure, including agency officials, right of way consultants and practitioners representing the private sector." Read the Reuters Press Release here. Learn how to register here. Comments: 0 New Year, New Features on the Way!Contributed by DTRE on January 2, 2008 Happy New Year! First off, thanks to all of our users and visitors for helping our site gain so much momentum in such a short time. We've been online for just over 6 months, and we've already received started gaining traction as a local authority for local Dallas real estate market information and Q&As. In addition, we rank in the Top 10 in Google for 'Dallas Real Estate' and other key relevant terms. As always, contact us if you have any feedback on how we can improve the site. In the meantime, here are a few of the features we're planning on rolling out to DTRE in the early part of 2008: - An RSS feed for our Dallas real estate blog so you can keep up with the blog in your own news reader - An updated real estate listings page which will include a map feature for all listings which will also overlay our neighborhood map We're looking forward to rolling out the updates soon and will keep you updated about the features on the blog... Comments: 0 Good News for Dallas Real Estate InvestorsContributed by DTRE on December 18, 2007 Good news for local Dallas real estate investors...The Dallas Business Journal is reporting that Dallas has been named the third best real estate market for investment in the US by HomeVestors of America. This shouldn't come as a huge surprise, as most reports suggest that the local Dallas market has weathered the housing slump better than most. The fact that Dallas is not landlocked which naturally allows for suburb growth certainly helped in insulating the market from heating up too much. The rest of the list definitely shows promise for the whole Texas area. Fort Worth and San Antonio were both in the Top 10, while the our friends down I-45 in Houston had the distinction of ranking #1. For those interested, read about tips for investing in Houston real estate on our sister site HTRE. Comments: 0 Dallas schools continue to impress by ranking in the nation's Top 100Contributed by DTRE on December 6, 2007 US News just counted down the Top 100 High Schools in the United States, taking in a number of measure to determine a "College Readiness" score. We're please to say that Dallas had 3 schools in the Top 100! Congrats to the following schools: 14. School For The Talented & Gifted (in Oak Cliff) 18. School Of Science & Engineering (in Oak Cliff) 33. Highland Park High School (in Highland Park) Source: US News We've had questions about the best Dallas school districts, well this list certainly makes a case for Dallas ISD and Highland Park ISD. Comments: 0 DFW Urban Realty Reports on the Buyer's Market in Dallas with Channel 8 News and WSJContributed by Kenneth Cox on December 1, 2007 DFW Urban Realty recently merged with www.buyandselldallas.com to serve the Dallas Real Estate Market. DFW Urban Realty agents specialize in Urban Homes, Townhomes, Condos, Lofts, Apartments, and Highrises. DFW Urban Realty is one of the only brokerages in Dallas that offers unlimited access to a Dallas Real Estate MLS Database to search properties for sale and an Apartment MLS Database to locate properties for rent. Dallas Broker, Kenneth Cox, recently appeared on Channel 8 News with Cynthia Vega discussing local Dallas Real Estate Market conditions and New Home Incentives offered by Dallas Builders. In other news, DFW Urban Realty was included in a National Report on the New Home Builder Market featured in The Wall Street Journal. In an article entitled, "Anxious Builders Pile on Incentives", Realtors across the U.S. offer insight on local market conditions and examples on new home builder incentives within the largest real estate markets in the nation. To view the full article and video interview with Channel 8 News, please visit PR Web Comments: 0 Standard and Poor's newest housing index shows Dallas is weathering the housing slump quite wellContributed by DTRE on November 28, 2007 According the Standard and Poor's most recent housing index, real estate prices in Dallas actually grew by .2% over the past year. While this would normally be nothing to shout about, it beats the heck out of the national average which slumped 4.5%. Much of this growth can be attributed to the tremendous growth of the north Dallas suburbs. This serves as another reminder that real estate in Texas has been historically undervalued. Although S&P didn't specifically mention anything the increase or decrease in value for homes in Houston, we suspect they are in-line with Dallas. Here is full list of metropolitan areas covered by Standard and Poor's new housing index
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Recent Blog Posts...New Dallas Real Estate Interactive Listings Map Comments: 0 Home Prices Drawing People to Dallas Comments: 1 Dallas Economy in Expansion Comments: 0 Foreclosure Bus Tours Becoming Popular in the Dallas Area Comments: 1 DFW home sale prices see slight gain in 4Q07 Comments: 1 CNN says foreclosures were up 75% in 2007 Comments: 1 Dallas says goodbye to the Hard Rock Comments: 0 Dallas continues to do well in down market Comments: 1 Thoughts on the Dallas / Fort Worth Real Estate Market Comments: 1 Dallas to Host 2008 Real Estate Symposium Comments: 0 Archive:2Q 2008 1Q 2008 3Q 2007 2Q 2007 1Q 2007 Other Blogs:Houston Real Estate Blog |
