From Staff Reports

Ebby Halliday Realtors has appointed Betsy Cameron sales manager of its Ebby’s Little White House office. Chris Kelly, president and chief executive officer, recently made the announcement.

“A fourth-generation Dallasite with 15 years of real estate experience, Betsy brings proven leadership skills and industry expertise to our iconic Little White House Office at the corner of Northwest Highway and Preston Road,” Kelly says. “A natural teacher and mentor who has led other well-known local sales offices, we are very pleased that she has chosen to grow her real estate career with the Ebby Halliday Companies.”

Cameron is passionate about the residential real estate business and the professional relationships that she is privileged to enjoy.

“I am very relationship-driven,” Cameron says. “Relationships are at the heart of real estate, and I am excited about supporting and serving our Little White House agents. The most important thing for me is to understand how each operates so I can better serve them.”

(more…)

Meadors

 

Long-time Clay Stapp + Co agent Chad Meadors has joined Halo Group Realty. He said the opportunity to grow as a businessperson was his primary motivation.

According to Meadors, he never gave much serious thought to leaving the firm he had been with for eight years. A longtime friend encouraged him to visit Halo and meet founder Britt Morris. (more…)

green

Keller Williams Realtor Beth Johnson (far right) helped bring the “green home” market to North Texas. Recently she spoke about the innovations and disruptions environmentally-friendly building has brought to the industry at a panel hosted by the Dallas Builders Association.

Beth Johnson has been championing environmental causes for decades. The Keller Williams agent was the first Realtor in the nation to achieve the green “Quadruple Crown.” She’s been certified by Leadership in Energy and Environmental Design (LEED), EcoBroker, NAR Green, and Certified Green Professionals.

In layman’s terms, that means she’s been trained and certified by the country’s major green accreditation programs, and knows a thing or two about building an eco-friendly home.

Before starting her real estate career in 2005, Johnson spent nearly three decades working in environmental advocacy for area nonprofits. During that time, she lobbied for clean air, clean water, and wilderness protection. When it came time to build her own custom home, she wanted to make it as green as possible.

However, she soon discovered that Realtors in the field literally didn’t know what she was talking about. She began to think that maybe there was a business model there. People like her needed someone who understood the issues and could match environmentally inclined buyers and sellers together. (more…)

Robert Reffkin may have announced a certain “scaling back” of Compass spending and expansion into new markets at Inman New York in January.

But when it comes to the primo properties of San Francisco’s Bay Area and the Peninsula, home to Silicon Valley, money is apparently no object.

Inman broke the story yesterday that Compass is acquiring Alain Pinel Realtors, a 30-year old, family owned innovative luxury broker headquartered in Saratoga, California. Saratoga is not far from the high tech bustling of Palo Alto, Atherton, home to the most expensive real estate in the country housing Apple, Facebook, Google, Intuit, Cisco Systems, Lockheed Martin, Advanced Micro Devices, Lockheed Martin, Hewlett Packard, Tesla, Agilent Technologies, and Oracle, to name a few, executives. This is where $1.5 teardowns are commonplace, Airbnb was born out of housing necessity, and billionsirrs like to roost between trips to their homes in Martis Camp and Hawaii.

In that tech and start-up rich environment, Alain Pinel closed more than $12 billion in sales volume in 2017, placing them seventh on the Real Trends 500.

The acquisition will build Compass’s presence in the Bay Area market enormously, because, Compass bought powerhouse Pacific Union ($14.5 billion in sales) and Paragon Real Estate ($4.5 billion) in 2018. With Alain Pinel, let’s do the math: $12 billion plus $14.5 billion plus $4.5 billion equals almost 19% of the Bay Area market, darn close to Reffkin’s stated goal of 20% market share in the top 20 markets.

Of particular interest to the Dallas-Fort Worth Market: Alain Pinel is a member of Luxury Portfolio, as is our Allie Beth Allman & Associates, Dave Perry Miller, Ebby Halliday and Williams Trew. (more…)

 

Opendoor

Swathy Prithivi has been tabbed to lead the Dallas-Fort Worth operations for Opendoor.  In 2017, she joined the company and helped lead its Orlando expansion. She was later promoted to general manager there

“I joined Opendoor because I really believe in what the company is based on, which is empowering everyone with the freedom to move,” Prithivi said. “It’s very exciting because it’s a customer-based company that’s poised to make big changes in one of the most unchanged industries.”

Opendoor was founded in the Bay Area nearly five years ago.  It’s known for its online platform on which homeowners can quickly sell their homes and search for new ones. The company expanded to Dallas in 2015, and now has a presence in 20 different markets, including Houston, Austin, and San Antonio.  It will begin operations in Los Angeles and Washington D.C. this spring and plans to expand to 50 markets by 2020. (more…)

 

As inventory increased over 2018, more Realtors complained of homes lingering on the market, leading to price reductions.

By Britt Fair
Guest Columnist

“It was the best of times, it was the worst of times.”

No, I’m not trying to give everyone nightmares about high school English class or invoke the French Revolution. Rather, that’s how I would sum up the mixed feelings about DFW’s residential real estate market during the second half of 2018. Just about every statistic can be spun to match whatever sentiment a person has about the housing market.

Consider the dollar volume of home resales in North Texas: the amount of money flowing through the MLS system in 2018 was the second highest ever, behind only 2017. To many people that would appear to be a rather positive statistic, but some people look at that as the first step in the wrong direction, especially since transaction volume really fell off in the second half of the year.

Next think about inventory of homes on the market. One lament among Realtors who serve as listing agents is that inventory has been increasing over the last year, causing their listings to take significantly longer to sell than in recent years. That is true broadly, and even more so in specific neighborhoods and price points. But on the other hand, in the few years before 2018, probably the No. 1 Realtor complaint about the Dallas-Forth Worth housing market was a shortage of inventory that was making it hard for potential homebuyers to find a house to purchase. So, in many ways this increase in inventory of homes on the market could be considered a positive trend.

So which interpretation is right? Well, it all depends on your perspective. (more…)

Mark Cuban must really be celebrating this year.

According to my colleague Neal Leiterg at The LA Times, Cuban just bought a $25.5 Laguna mansion. And tough Shark Tank negotiator he is, Cuban reportedly paid only $19 million for it plus some change. And even more, the mansion is located in a very exclusive Laguna residential neighborhood, tucked into the coveted front row of Montage Residences overlooking the ocean. The views are incredible, the interiors California contemporary. Mahogany and glass doors disappear into the walls, merging vast indoor indoor areas to the outdoors seamlessly, revealing breath-taking views of Catalina Island. High ceilings complete the airy ambience and I cannot even fathom what the Pacific sunsets look like from this home. Laguna Beach is one of the most famous resort and luxury home communities in the world, with magnificent coastlines, pristine coves, white sand beaches, and breathtaking cliffs. Celebrities and business titans are all drawn to Laguna’s communities, and with good reason. Montage is an ocean-front Laguna resort community. And if you have never been to a Montage property, oh my: think the Ritz Carlton on steroids! Montage International is a luxury hotel and resort management company founded by Alan Fuerstman and based in Orange County, California. 

Cuban’s pride and joy company, the Dallas Mavericks, has been in the news this past year as a veritable poster child for the #MeToo movement. That is, a poster child of how bad it is to work in some environments if you are female.

But as soon as the misconduct became known, Cuban took quick action  and hired a Dustbuster to turn his company’s culture around: Cynthia “Cynt” Marshall.

I hope she gets to check out these digs! (more…)

Ryan Shea, his wife Mercy, and one of their sons enjoy last year’s holiday pie party.

For the seventh straight year, Realtor Ryan Shea will celebrate the holidays with pies. His annual holiday pie party is a way to thank clients and give back to those who have helped him.

“Ultimately it’s just a way to get everyone together,” Shea said. “My clients can meet each other. It’s just a great way to lighten up, relax and have a good time.”

The event will be held from 11 a.m.- 1 p.m. Dec. 13 at the Dallas Tree House store, 8021 Walnut Hill Lane. Anyone interested in attending should email Shea at ryan.shea@exprealty.com along with their pie preference (pecan, pumpkin or apple) before Dec. 10. International speaker and author Dr. Hank Seitz, known for his books on business and performance development, will also be in attendance. (more…)