When that ball drops signifying a new decade, there are a few resolutions homeowners can make to build wealth. We’ll also tell you about a hike in DFW luxury sales, and a Minnesota investor acquiring industrial space near DFW Airport, all in this week’s roundup of real estate news.
Five New Year’s Resolutions To Build Homeowners’ Wealth
As we ring in a new year and a new decade, it seems there’s advice everywhere on how to lose weight, how to spend more time with family, and how to break bad habits. But what about saving money instead of throwing all your savings into a mortgage, insurance and technological upgrades for the home?
A Bankrate report by Natalie Campisi offered the following resolutions for homeowners:
- Pay down your principal if it makes sense.
- Refinance your mortgage for a better rate.
- Shop around for better insurance rates.
- Make your home energy efficient.
- Don’t neglect small repairs.
DFW Luxury Sales Increased In 2019
Luxury home sales in the DFW-Arlington area increased 0.8 percent during 2019, according to the 2019 Texas Luxury Home Sales Report by Texas Realtors.
“Statewide, luxury home sales topped $8.3 billion during the first 10 months of 2019, while home sales increased 4.4 percent to 5,149 sales,” said Megan Mortiz of Pierpoint Communications Inc. in a press release.
Luxury homes are defined as those that sold for $1 million or more.
“The annual report examining housing statistics for luxury homes in the Austin, Dallas Fort Worth, Houston, and San Antonio metropolitan areas also showed that total sales of million-dollar and higher homes reached $8.3 billion, a 5.1 percent increase from the previous year,” the report states.
Source: Texas Luxury Home Sales Report
Minnesota Investor Acquires Industrial Space Near DFW Airport
Minnestota-based Meritex Co. purchased Jetstar 114 Business Center in Irving, officials announced earlier this month.
The industrial portfolio includes three buildings and more than 84,000 square feet of space.
The property, developed by Jackson-Shaw, came online in 1999, according to reports. The occupied buildings are 8000, 8050, and 8100 Jetstar Drive, near Dallas Fort Worth International Airport.
Colliers International brokered the transaction, and Holt Lunsford Commercial will manage the property.