Dallas City Center Realtors changes its name and brand, housing affordability is at a three-year high, W Dallas Hotel draws a buyer, and Coldwell Banker introduces RealSure programs in Dallas, all in this week’s roundup of real estate news.

Dallas City Center Changes Brand To Paragon Realtors

Dallas City Center Realtors announced last week a name change to Paragon Realtors and new branding campaign slated to roll out in 2020.

Dallas City Center Realtors changes its name and brand, housing affordability is at a three-year high, W Dallas Hotel draws a buyer, and Coldwell Banker introduces RealSure programs in Dallas, all in this week’s roundup of real estate news.

“The word ‘Paragon’ means ‘a model or pattern of excellence’ and reflects the hallmark reputation of Dallas City Center agents for nearly 20 years,” marketing coordinator Ashton Graves said in a press release.

Broker Mike Miller said the team is excited to have a brand that works for agents in the diverse marketplace they serve.

“Our agents work in a dozen counties from the Red River to Cedar Creek Lake, so it’s important that the name on the sign supports them and their reach,” he said.

After acquiring the Sherman office of Virginia Cook Realtors in the spring, Dallas City Center officials began thinking about a new name to highlight a high standard of excellence.

“The attention and reaction to the brand when we acquired the Sherman office got us thinking,” said Yvette Grove, director of coaching and training for the firm. “Many of our agents wanted a stronger brand presence and we felt this was a great way to do that; the name truly reflects the commitment our agents have to their craft.”

The firm was founded in 2001 and has four offices across North Texas.

(more…)

realtors

Photo courtesy Wildridge

The Collin County chapter of the Women’s Council of Realtors will meet this week, May housing reports are in, as well as the state unemployment report. We’ll take a look at all this, plus find out if educated workers are moving to Texas, in this week’s roundup of real estate news. (more…)

rentHow did Dallas’s rent growth stack up to the rest of the major metros in the state? Are we in a bubble? We look at this and more in this week’s roundup of real estate news.

RENTS PREDICTED TO GROW IN DALLAS IN 2019

Most of the apartments in Dallas are occupied, and rent growth continues according to the Yardi Matrix Multifamily National Report for 2018.

Nearly 95 percent of Dallas apartments were occupied in October, with yearly rent growth hitting 2.1 percent last month. It is expected to grow 4.4 percent next year. (more…)

slowdown

Where did Dallas fall in a list of metro areas experiencing a market slowdown? How did home sales in Dallas and Fort Worth compare to statewide numbers?

We have all this and more in this week’s roundup of real estate news.

DALLAS IN TOP 10 METROS EXPERIENCING BIGGEST SLOWDOWNS

After a spate of headlines about a slowdown — or even sputter — in the housing market, Realtor.com took a look at the 10 metro areas experiencing the biggest shifts. On the list, Dallas comes in at No. 8.

“To be clear, prices aren’t always dropping in these places, which are predominantly located on the West Coast,” the piece reiterates. “Mostly, they’re decelerating, coming back down to earth. So bargain hunters can put their wallets away.”

However, the report also says that things like surging amounts of inventory and number of days on market could also signal market adjustments are happening — list prices rose this year (from October 2017 to October 2018), but only by 7.3 percent nationally, less than the 10 percent increase in 2017.

“There’s a rebalancing that needs to happen,” says Freddie Mac deputy chief economist Len Kiefer told Realtor.com. “Prices have risen so high in some of these markets that it’s very tough from an affordability perspective [for buyers]. … It’s not surprising to me that we’re seeing a little bit of a leveling off.”

In other words, the bubble isn’t popping — but the bathwater is leveling. (more…)

Are Dallas home prices up or down? At what rate are they appreciating? We take a look at three different reports in this week’s roundup of real estate news.

CORELOGIC CASE-SHILLER REPORTS DECLINING HOME APPRECIATION

Home price gains have been slower this year across the country, but September 2018 marked the eighth consecutive month of home appreciation declines in the North Texas area, Standard & Poor’s/CoreLogic Case-Shiller Home Price Index revealed. (more…)

home salesHow did Dallas do when it comes to home sales compared to the nation? Are we starting to see more inventory? Where are various generations choosing to live in Dallas-Fort Worth? We have all of that in this week’s roundup of real estate news.

DALLAS HOME SALES DECLINE IN OCTOBER

The number of homes sold across the country fell in October, including in Dallas, Redfin reported.

In Dallas, the median sales price in October was $280,000, down 2.8 percent from September, but overall unchanged year over year. Homes sold was down 3.3 percent in October to 4,630, and down 8.7 percent year over year. New listings were down .3 percent in October to 6,140, but up by almost 3 percent year over year. (more…)

Dallas

Courtesy CityLab

How does Dallas stack up with the rest of the country when it comes to gains in corporate headquarters? What did the Dallas Fed say about the state of the state’s economy? Are Texans underwater, or equity rich?
We have all of that in this week’s roundup of real estate news.

DON’T FRET – DALLAS STILL GETS PLENTY OF HQ LOVE

Although Dallas may have lost out on Amazon HQ2, it should take considerable pleasure in the fact that it’s still a sought-after place for lots of corporate relocations, an analysis by CityLab revealed.

CityLab co-founder Richard Florida pointed out that a new database of corporate headquarters maintained by research partners at the University of Toronto School of Cities actually reveals that corporate headquarters are spread pretty far and wide across the country. (more…)

Real EstateThe North Dallas Chamber of Commerce will examine the economy and new urbanism, a certain shiplap-happy couple will be returning to the airwaves, and we take a look at Texas housing sales, all in this week’s roundup of real estate news.

NORTH DALLAS CHAMBER HOSTS ECONOMIC OUTLOOK

Former Dallas chief of economic development Raquel Favela will be among the speakers at the North Dallas Chamber of Commerce’s annual real estate and economic outlook event to be held Nov. 28 at the Westin Galleria Dallas. (more…)