Economy
So, we have good news and bad news. Which do you want first?
Well, the good news is that, after a relatively mild recession, the Dallas-area residential real estate market is poised for an uptick, propelled by job growth, a vigorous banking sector, and more people with a few bucks to spare, according to a report from LocalMarketMonitor.com.
Whoa, hold the presses. I was given some incorrect information earlier today and really need to clarify. Prudential’s Turtle Creek office has indeed moved, but it was no way a sneaky deal. Turns out the shopping center at 2 Turtle Creek Village recently went into foreclosure, giving the office a chance to break free from a lease that…
I was in California over the weekend, and sat through several presentations from top agents in Silicon Valley as a favor to a friend considering putting his home on the market. It was interesting to see how they presented comps and market homes out there. Only one of the agents still uses print ads to market homes, another never places ads in the larger circ papers — “waste of money”, said he, preferring smaller hyper-local pubs, if any. For this crowd, it’s all about the web and emails/texts. 89% of buyers search for homes online, they said. But get this: among buyers aged 25 to 44, a whopping 95% use the internet to search for a home. Internet buyer’s incomes are 25% higher than traditional buyer’s incomes. More buyers find their homes on the internet than through signs, home builders, or print ads combined.
One of the most deliciously beautiful estate settings in Preston Hollow has sold. The Ginsburg, formerly Heath (as in BeautiControl) property at 4707 Park Lane closed last week. This hefty sale just may be an omen of what the Dallas spring market will be like: on fire. Actually, that’s a bad choice of words, I guess, because 4707…
More proof of what I was writing earlier: big is back when it comes to the uber rich building homes in Dallas real estate. And if you cannot find a lot big enough for your dream mansion, you just buy several and tear down whatever the hec is on them. Voila, dream compound Readers have been…
