Dallas Real Estate News
Well I had an interesting day yesterday. Started at the North Dallas MLS Meeting, ended up in court. Seems Dr. Richard Malouf and his wife want a temporary restraining order against me, Byron Harris, WFAA-TV, and Laura Wilson, mother of Owen Wilson, who lives next door to Richard and Leanne. That’s right, they are suing their next-door…
Well I had an interesting day. Started at the North Dallas MLS Meeting, ended up in court. Seems Dr. Richard Malouf and his wife want a temporary restraining order against me, Byron Harris, WFAA-TV, and Laura Wilson, mother of Owen Wilson, who lives next door to Richard and Leanne. That’s right, they are suing their…
I think this might be our first home on CandysDirt.com from Ridgewood Park, an East Dallas neighborhood just south of Lovers Lane and east of Abrams Road. It’s not too far south of Northwest Highway in a little alcove tucked away from too much traffic. In a word: Love. This house, 6515 Ridgemont Drive marketed…
The Medicaid nukes are coming to town from Washington, D.C. to infuse more power into Greg Abbot’s investigation of dental Medicaid fraud, the kind that Byron Harris has brought to the radar. He and other whistleblowers say abusing Medicaid reimbursements helped pediatric dentists like Richard Malouf roll in billions and build enormous homes, buy second…
I spoke to MetroTex Association of Realtors MLS Director Cathy Faulkner yesterday about “Z sales” coming to an end. In the luxury market, “Z sales” gave lofty sales prices a sense of anonymity.
I won’t bore you with the technical details of what a “Z sale” is exactly. Check out this site for a primer on the practice. The gist is this: sellers who were gun shy about disclosing what they paid for a home listed on MLS put a “Z” instead of a big number followed by a lot of zeroes.
Dallas Realtor Jeff Duffey says the death of the practice “will never affect approximately 99% of the real estate market areas throughout North Texas.” However, he estimates roughly 20 percent of the sales in high-end neighborhoods such as the Park Cities, Preston Hollow, and Turtle Creek are “Z sales.”
