Really, how many homes in Dallas have a bridge over a pool, leading you to the front door?
I’m willing to guess not many. In fact, besides today’s Friday Four Hundred, the only other one I know of is this home in Urban Reserve, and it has a bridge over a creek, not a pool.
So yes, that cool little bridge makes quite an impact on visitors and buyers, and it also highlights the beautiful sunken elevation of the home. From the curb, you can only see a smidge of the rooftop of 9016 Vista Creek. But once you come down the stairs, the bridge, the pool, and the floor-to-ceiling living room windows with their warm light all give off an undeniable visual experience.
M/I Homes has promoted Gary Rae as the director of operations within the Dallas-Fort Worth region.
When it comes to new inventory, some builders have been rather tentative, testing the water with only the tip of their toes. However, M/I Homes is taking a more bold, aggressive stance when it comes to building. The firm, a CandysDirt.com Hot Builder, is planning a rapid expansion in the North Texas area after building 17 homes in the Dallas-Fort Worth market last year.
Today M/I Homes is offering custom builds in Garland, Plano, Grand Prairie, Lewisville, and McKinney. Additional communities in Colleyville, Prosper, and Keller will open later this year, officials inside the company say. The goal is to sell 170 new homes in 2015, a 900 percent increase over last year, 300 homes in 2016, and around 400 homes in 2017.
This kind of rapid expansion has necessitated new leadership in this quickly changing market, and M/I Homes just announced the promotion of Gary Rae as president of Dallas-Fort Worth operations.
Photo: Supreme Court of the United States
The Supreme Court made a long-awaited ruling on whether tax subsidies for low-income housing in Dallas created segregated neighborhoods. The Texas Tribune has the most detailed report on the ruling, in which the high court ruled 5 – 4 against the state of Texas.
Under the Low-Income Tax Credit program, run by the Texas Department of Housing and Community Affairs, the state gives federal incentives to private developers to build or rehabilitate low-cost apartments, essentially engineering parts of a city’s geography.
The Inclusive Communities Project, a nonprofit devoted to fair housing issues, sued the TDHCA in 2009, arguing that the state doled out tax credits in Dallas in a way that packed minorities into poor neighborhoods and spared white neighborhoods from development of low-income housing. The result is that neighborhoods throughout Dallas remain segregated, the project argued.
We’ve talked before about how a massive, concentrated influx of public housing can affect a neighborhood, sometimes dragging down surrounding property values and creating a ghetto environment. One can hope that this will lead to a more inclusive plan to create and sustain economically diverse neighborhoods.
On the flipside, I’m sure that this ruling will have some wide-reaching affects on Dallas housing and the creation of new affordable developments in the city.
We’ll have more details and analysis as it becomes available.
Hungry? Don’t have plans for lunch? Vivo Realty is hosting two fabulous Broker Open Houses today. These two tremendous properties in Plano have a lot going for them, but if you need any more incentive to come out and perhaps even bring a buyer, there will be a drawing at 1712 Glenwick.
Honestly, that party porch and pool looks like the perfect spot to relax in the middle of a busy day. I just wish I could bring my swimsuit for a dip!
Are there any other open houses you wouldn’t miss for the world?
HUGE sale at Bernadette Schaeffler Collection in the Dallas Design District going on this weekend! Some of the floor models and samples will be priced up to 50 percent off, so go to the showroom and pick out that amazing, one-of-a-kind piece that you’ve been pining for.
This beautiful cabinet is 50 percent off at the Bernadette Schaeffler Collection!
Not only can you stop by the Hi Line Drive spot to shop, but you can also enjoy fresh-pressed juice from The Juice Bar. And if that’s just too much for you, did you know that you can now peruse all of the amazing wares inside the Bernadette Schaeffler Collection showroom online?
What are you looking forward to snatching up during this amazing summer sale?
Candy is in Miami right now, wading through all of the amazing real estate news at the National Association of Real Estate Editors’ annual conference. While we are a little jealous (OK, we are A LOT jealous) of her temporary location and proximity to so many brilliant minds at #NAREE15, we did score this bit of news from Realtor.com’s chief economist, Jonathan Smoke, who was on the “Mortgage Availability for Millennials and Other First-Time Buyers” panel:
“Despite the slow indicators we saw earlier this year, 2015 is on pace to be one of the best years for housing since 2006 due to strong sales and higher than predicted home prices,” said Smoke. “Additionally, we’re observing an uptick in millennial traffic and sentiment that we expect will result in more first-time home buyer sales in the later part of the year.”
This conclusion comes from a survey conducted by Realtor.com, showing a slight increase in Millennials ages 25-34 visiting the website with the goal of buying a home.
Dave Perry-Miller and Ebby CFO Ron Burgert (Photo: Aggie Brooks)
Congratulations to the hardworking team at Dave Perry-Miller Real Estate, as the luxury boutique brokerage has passed the $1 billion in sales mark just halfway into 2015.
“I’m so proud of the work our agents have done on behalf of our clients this year,” said Dave Perry-Miller, the firm’s founder and director of its Luxury Properties Division, in a press release. “The exceptional level of service our agents provide is the main reason we remain the leading brand for marketing homes in Dallas’ most established neighborhoods.”
But don’t expect the firm to sit on its laurels at just $1 billion. Maybe this is the year they run roughshod over $2 billion in sales:
This is the fifth consecutive year that the firm’s sales have surpassed the $1 billion milestone, and its agents show no signs of slowing down. As of noon today, Dave Perry-Miller Real Estate agents were marketing 136 properties listed for at least $1 million, including 13 homes priced at more than $5 million.
The annual conference of the National Association of Real Estate Editors kicks off today with some really fabulous panels. Candy landed in Miami this morning and is already covering the Luxury Real Estate panel, featuring “The Apprentice” alum Katrina Campins.
Don’t miss the reports! Follow @DallasDirtCandy to get Candy’s perspective on hot-ticket panels on luxury real estate and second homes. You can tag along virtually, too, through the #NAREE15 hashtag.