A slowdown isn't a bad thing for real estate

The slowdown in the real estate market is more like a shift toward balance for sellers and buyers.

WOW–tremendous responses and feedback on Part I of this real estate slowdown blog topic from last week.  Thanks so much!  Nice to know people are reading, following and giving thought to #tarrantcountytuesday.

Last week we established (with data) that there indeed is a slowdown or market shift in the housing market.  One Dirty Reader asked about this “recession” and I would strongly caution the use of that word.  There’s a big difference from a slowdown to a recession.

Is This Slowdown a Good Thing?

Many have indicated that this shift from a sellers’ market to a buyer-friendly market might actually be a good thing.  I would agree.

As the data indicated, when prices are increasing so quickly, interest rates are going up and individual incomes not keeping pace buyers aren’t buying.  That’s not good for anyone in the real estate business. (more…)

homeIt takes about a year and a half for a home to hit the buy-rent breakeven horizon in the Dallas-Fort Worth area, research by Zillow economists for the first quarter of 2018 revealed.

The Zillow Buy-Rent Breakeven Horizon measures the amount of time it takes for owning a home to make more financial sense than renting the same home. (more…)

gasAfter a fatal home explosion three weeks ago that left one family burying their daughter and two neighborhoods reeling from the shock that the problem has been an ongoing one, the immediate concern was about safety.

But now, a little more than a week into the massive, 2,800-customer gas service shutdown in Midway Hollow and the Love Field community, people who had been planning on selling homes in the area have begun wondering — what will this do to property values? (more…)

Watauga’s 76148 was named the hottest ZIP code by Realtor.com. (Map: Google Maps)

Is it the year of the affordable suburb? As more Millennials search for single-family homes with affordable addresses, more and more suburbs with short commutes and great prices are catching on. So we’re thrilled to see some lesser-known neighborhoods get attention as Realtor.com has named Watauga’s 76148 as the nation’s hottest ZIP code for the second year straight.

“Millennials are the largest generation in U.S. history and they are flexing their muscle when it comes to the housing market,” said Danielle Hale, chief economist for Realtor.com. “Increasingly, the hottest housing markets are the ones that appeal to millennial preferences, and right now the standouts are relatively affordable suburbs with local ‘it’ factors such as hiking trails, great restaurants, and nightlife. With the largest cohort of millennials turning 30 in 2020, we can expect these types of areas to stay in demand in the years to come.”

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Modtown Realty Executive Team (Courtesy Photo)

Like two ships passing, on October 1, Modtown Realty Group and Keller Williams quietly parted ways. The separation will come as neither sudden nor surprising to anyone keeping close tabs on Modtown. The group, who had been part of Keller Williams Park Cities since 2012, recently moved its offices back to Deep Ellum. And it’s there that Drew Colon and Jacob Moss say the group feel most at home and most connected to their brand, which largely appeals to Millennials and urbanites.

“We’re coming out to this market of Deep Ellum.” Colon said. “We’ve done a good job at creating an inviting environment here. The moment you walk in the door you get that sense. We’re back and we’re excited!”

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overhead lines

Overhead lines may not be aesthetically pleasing, but they don’t seem to hamper home sales (Photo courtesy Pixabay).

They may be unsightly, but overhead lines are not really affecting property values, a trade journal said this week.

A peer-reviewed article in The Appraisal Journal revealed that there is actually very little data to prove that the high-voltage overhead transmission lines (or HVOTLs) are negatively impacting sales prices. (more…)


The impact of Hurricane Harvey on Houston, whose real estate market has been more than hard hit, is almost startling by this chart. The impact of Irma is yet to be seen since she made landfall in the Florida Keys on September 10 before continuing up the west coast of Florida and heading inland. But widespread preparation and evacuations in Florida reduced mortgage applications by more than 25 percent before the hurricane arrived as business ground to a halt. When you are running for your life, you tend to forget about things like house closings.

Harvey was unprecedented in its rainfall for the coast of Texas and caused flooding that affected up to 30 percent of the state’s population.  As one Houstonian whose property was unscathed told me, “everyone in Houston knows someone who was affected.” The effect on our real estate market, too, will be unprecedented, though possibly less in Houston than Florida. 

Even as the fall semester starts and temperatures begin to drop, North Texas real estate continues its record-setting hot streak. Out of the 300 cities studied in WalletHub’s recent report of 2017’s Best Real-Estate Markets, three local markets reigned supreme. From home appreciation, to sales turnover, to job growth, Frisco, McKinney, and Allen top the charts for the very best places to make your real estate investment. In fact, with Richardson sneaking in at No. 5, and Carrollton snagging the No. 8 spot, five of the top 10 best markets in the country are all within a handful of miles.

For long-term growth, equity, and profit, there’s no need to look beyond our own backyard!

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