03/10/17 8:00am

briggs_30680_primary

Let’s get this out of the way first: this luxury lease is already spoken for. We figured, though, there’s always room for eye candy, and at $10,000 per month, 3141 Southwestern is the creme de la creme of lease properties.

We spoke to Realtor Susan Baldwin who shared that the lucky soon-to-be occupants are a local family who has always loved this gorgeous French Provincial. After selling their home, the clan chose this looker as their interim residence while planning their next move. We are green with envy!

And speaking of green (like what we did there?), check out that walk-up. Set back from the street on top of a lush slope, the house commands some serious attention – and admiration.

“It really does have such a stately presence,” Baldwin said. “It’s got that ‘You have arrived!’ look that executives are searching for.”

Stately, it is. And utterly lovely.

(more…)

03/09/17 9:59am

Rep. Diego Bernal

If you want to see the temperature rise in a roomful of Realtors, just say the words, “mandatory sales price disclosure.” The topic provides for heated discussion – as does any mention of property taxes, these days. But State Rep. Diego M. Bernal (D-San Antonio) introduced two pieces of mandatory disclosure legislation this session, which may, in the end, give us something to agree on.

One bill, HB 379, calls for mandatory sales price disclosure and outlines penalties. We’ve seen legislation like this before. It’s nothing new. The other, HB 182, relates to a detailed study of the effects that mandatory sales price disclosure would have on Texas’ economy. HB 182 winds up being the much more compelling of the two bills, and Bernal hopes it holds the power to bridge the aisle and bring our understanding of the issue into sharper focus.

We spoke with Rep. Bernal about the proposed legislation and the change he ultimately hopes to bring. It’s a bit of a long read, but in our opinion, worth your time.

(more…)

03/07/17 11:15am

Plano Tomorrow Plan

Following a year of court battles, the future of the Plano Tomorrow Plan remains unclear after an appellate court ruling last week. The fight centers on the city’s comprehensive, long-range land development plan and unhappy Plano citizens who feel their opinions on the matter went ignored. The plan, they say, describes a city completely unrecognizable to its long-time residents.

“The whole plan is terribly flawed,” said Ed Acklin, when asked about Plano Tomorrow. Acklin is running for Plano City Council Place 4 (Mayor Pro Tem Lissa Smith, whose term comes to an end this year, currently occupies the seat). “The city it describes is not — and never will be — Plano.”

(more…)

03/02/17 11:15am

2017-property-taxes-by-state-blue-vs-red-image.png

Texas rises to the top again — this time, when it comes to high taxes.  According to a new study by WalletHub, Texas ranks sixth-highest for real estate taxes in the country. It’s no wonder then, that more than 60 tax-related bills sit before the Texas legislature now.

Worth noting: the WalletHub study cites Republican states as having lower overall property taxes when compared to their blue counterparts. So it comes as no surprise that much of the legislation aimed at decreasing Texans’ property tax burden originates from Republicans.

(more…)

03/01/17 12:03pm
Courtesy: Joint Center for Housing Studies of Harvard University

Baby Boomers dominate renovation spending. Courtesy: Joint Center for Housing Studies of Harvard University

Don’t be misguided by what you see on HGTV. The renovation market is not being driven by young couples out to feather their first nests. According to a report released by Harvard Joint Center for Housing Studies, Baby Boomers, motivated by changing accessibility needs, currently spend more money than any other generation on housing renovations – and will continue to do so over the next several years.

(more…)

02/24/17 1:33pm

Homes-sold-home-for-sale-report

For the second year in a row, Texas home sales hit an all-time high. According to the 2016 Texas Real Estate Year in Review Report released by the Texas Association of Realtors (TAR), both home sales and home prices reached record highs last year.

In a statement released by the TAR, Chairman Vicki Fullerton said, “Last year’s record home sales activity was fueled from the momentum of multiple years’ strong job and population growth across the state, despite the fact that Texas job and economic growth began to slow in 2016.”

According to the report (available in full here), median home prices rose 7.7 percent in 2016, to $210,000. Home sales volume increased 4.6 percent, to 324,924 homes sold. Average days on market held steady from 2015 at 58 days. Active listings grew six percent last year.

(more…)

02/23/17 5:00pm

Wilson House Preservation Dallas

Calling all historic architecture lovers! Preservation Dallas is hosting the Historic House Specialist Seminar March 2-3 at the Wilson Carriage House. The seminar is open to everyone. So whether you’re in the real estate, construction or development industries or just a history hobbyist, this event is for you.

(more…)

02/23/17 4:16pm

To describe it as a masterpiece seems like an understatement. We’ve featured the Philip Johnson House before and it never fails to take our breath away. Set on nearly seven acres at 10210 Strait Lane, the estate of Naomi Aberly and Larry Liebowitz is listed at $27.5 million and is the only Phillip Johnson house to have been built in Dallas. It’s a beloved architectural landmark and an example of what a fastidious restoration can achieve.

“I’m honored to list what I believe to be one of the most significant architect-designed homes in the country,” said Faisal Halum, executive vice president of Briggs Freeman Sotheby’s International Realty. “The fact that it has already been meticulously restored, yet completely updated for the way a modern family lives today makes this a once in a lifetime opportunity.  This is a dream home for a true admirer of great architecture. It is truly unique, in a setting that will never be duplicated.”

(more…)