Emerging Real Estate Markets
This week the Commerce Department reported that sales and prices of newly constructed single-family homes fell in August despite historically low mortgage rates. Reason: stagnant job market, lots of inventory, and fewer home builders out there churning dirt. We are at about 1970s home building activity, when interest rates were even higher! Last month new home sales slipped 2.3 percent.…
The good news is that home prices rose for a fourth straight month in most major U.S. cities in July, from June, no shocker because we’ve just emerged from the busiest buying season. And that includes Dallas — a whole point (.3) 3%. The bad news is that when you look at last year, home prices are…
So today Bobby Dhillon of dblifestyles was our “Hot Property”, showcasing Dallas’ newest condo, The House. So new is The House, and so bad the timing with the economy, we wonder just who’s living there. Bobby says almost 25% occupied, but I unearthed a story about an original buyer — buyers — who have been living…
12900 Portifino is basically a dream. I mean, 4195 square feet, three fireplaces, home theater with bar – HOME THEATER! – outdoor kitchen, beautiful finish-out and green as the grass was in June. When the builder, Royal Crest Custom Homes, told me the home was just under $700,000, I said you are lying! This is a…
What does a million dollars buy you in Dallas? A whole heck of a lot if you look south of the Trinity. This Hewitt & Habgood listing is at 1029 Lausanne, not too far from where former Mayor Laura Miller and hubby Steve Wolens used to live, before they packed up and moved off to some…
