Dave Perry-Miller Real Estate broker associate Leslie Rouda Smith was just elected as the National Association of Realtors’ 2021 president-elect. Rouda Smith, who lives in Plano, is also a past president of the Collin County Association of Realtors.
Rouda Smith has real estate in her blood. She was not only raised by real estate professionals, but she is the matriarch of an entire real estate family. Her husband, Brian, is a farm and ranch real estate broker, and she also works with her two children, Kristin and Austin.
Rouda Smith brings nearly 35 years as a Realtor, as well as local, state, and national leadership experience with her to the role of 2021 NAR president-elect. On the local level, she served as 2012 CCAR president, and sat on the Board of Directors for many years. During this time, she also received CCAR’s Realtor of the Year Award. She also served as president of the Women’s Council of Realtors Dallas Chapter.
Dallas Rents On The Decline
According to ApartmentList, Dallas rents are trending downward for the month of June, but are still up slightly over the same time a year ago.
Since May, when the coronavirus really began to wreak havoc on the Dallas-Fort Worth area, Dallas rents have dropped by 0.2 percent. Likewise, rents are actually up 1.1 percent since June of 2019, which to be honest kind of feels like a lifetime ago.
Median rents in Dallas stand at $914 for a one-bedroom apartment and $1,136 for a two-bedroom. This is the second straight month that the city has seen rent decreases after an increase in March.
Dallas’ year-over-year rent growth leads the state average of 0.6 percent, as well as the national average of 0.8percent, ApartmentList reported. In McKinney, rents are getting fairly lofty, with a year-over-year increase of 1.8 percent. Plano has the most expensive rents of the largest cities in the Dallas metro, with a two-bedroom median of $1,461; rents fell 0.4 percent over the past month but rose 1 percent over the past year, the report stated.
Some Buyers Are Willing To Splurge For The Right Home
When buying a home, sometimes you have to make compromises. A recent study by Lombardo Living surveyed more than 1,700 homebuyers to find out what their priorities were in the market right now.
“When asked, one in three respondents said they compromised on at least one aspect of their home, most often because of budget,” the report stated. Top compromises include layout (29 percent), the age of the home or repairs needed (29 percent), the size of the home (26percent), an updated kitchen (23 percent), and updated bathrooms (19 percent).
While women were more likely to say they compromised than their partners, neither gender wanted to compromise on the architectural style of the home, the neighborhood, or the local school system.
What can make a deal go sour? Tops on that list is a bad inspection report, but almost a third of buyers chose to cancel a contract due to a change of heart. Budget issues caused 18 percent of buyers to back out of a contract.