Emerging Real Estate Markets
You might as well call today GCB Day in Dallas. You know, Good Christian BUYS! First of all, 5647 Swiss has been lowered from $1.2 million to $999,000 or $180. per square foot which includes, they tell me, more than $300K of updates and upgrades. Of course, not sure if that is retail or wholesale but in any case, you are getting some major, major perks here. (Or, like Amanda said when she saw Carlene, that’s not just plastic surgery, that’s a tear down!)
So with rents averaging around $1000 for a two-bedroom apartment in the Metroplex, it is almost cheaper now to buy than rent. Does this have the troops stirred up about home- buying again? Yes…maybe. More agents are telling me how the market for first time homebuyers is picking up in Dallas. I went north to Plano and talked with André Kocher of Keller Williams and Wade Betz of Guardian Mortgage Company about the new, more fiscally conservative homebuyer coming in for loans.
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…
I laugh whenever I read that American homes are getting smaller. Maybe SOME homes. But custom homes for the uber wealthy here and elsewhere are bigger than ever. True, there is my generation of Baby Boomers who are contemplating downsizing. Had lunch with Mickey Munir last week of Sharif-Munir Custom Homes, who told me about…
Just to show you how crucial housing and home building remains to the nation’s economic recovery, Fed Chairman Ben Bernake rubbed shoulders (and used hand gestures) with Bob the Builders last week in Orlando. His talk was the hottest ticket in town at the 2012 National Association of Home Builders International Builders Show in Orlando. Dallas photographer…
