Which three Texas communities were on Bloomberg’s list of richest places? How did DFW fare when it comes to mortgage delinquencies? We talk about all that and more in this week’s roundup of real estate news.

Two DFW Places Make Bloomberg List

Highland Park is one of the richest places — no surprise to anyone who has driven through the town, ranking No. 6 in Bloomberg’s list of the wealthiest communities, the publication said. Neighboring University Park came in at No. 17. (more…)

home pricesHome sales fell in North Texas in the fourth quarter of 2018, Dallas-Fort Worth hit record home prices last year, and the Arlington Black Chamber of Commerce will hold its Hard Hat Construction Expo — and we have all this and more in this week’s roundup of real estate news.

Area Home Sales Fall in 4Q 2018

While the median home price grew, home sales in North Texas fell 7.6 percent in the fourth quarter of 2018, a report by Texas A&M’s Real Estate Center said.

Area home sales fell to 22,402 transactions, while the median home price grew 2.4 percent over the year to $260,000. Months of inventory rose 32.5 percent to 2.5 months, and residential property listings increased to 29.4 percent in 2018 to 20,627 listings.

Courtesy the Texas A&M Real Estate Center

(more…)

rentsDallas rents are up, but Plano’s are higher, the City of Dallas is holding a workshop to help citizens navigate city services, and the latest Realtor confidence survey is out — and we have all this and more in this week’s roundup of real estate news.

Dallas Rents Are Up Year over Year

Rents in Dallas are up year-over-year, but have declined slightly over the last month, ApartmentList’s monthly report revealed. (more…)

schoolsRealtors, take note — there are four schools, in particular, you should know about as you go out today to sell homes in Dallas or Grand Prairie today.

We have the details, plus market reports, in this week’s roundup of real estate news. (more…)

home buyingWho is most likely to have home buying as a goal this year? Will remodeling and home improvement spending continue to grow?  We look at this and more in this week’s roundup of real estate news.

Four Percent List Home Buying a 2019 Goal

Four percent (about 10 million Americans) said buying a new home was their main financial goal for the year — and millennials were the most likely generation to claim that as a goal, a new Bankrate survey revealed.

Seven percent of millennials said they wanted to buy a home this year.

But that doesn’t mean financial goals aren’t being set. Bankrate’s survey revealed that about 89 percent of Americans have at least one goal for the year, with paying down debt being at the top of the list, with three in 10 saying that was their goal, followed by better budgeting (13 percent), saving more towards retirement (12 percent), saving more for emergencies (10 percent), getting a higher-paying job (6 percent), and investing more (5 percent). (more…)

marketWhy does Texas have the largest number of home buyers priced out of the new home market? What are the Fed’s plans for the interest rate? We look at this and more in this week’s roundup of real estate news.

$1,000 INCREASE ELIMINATES MANY FROM NEW HOME OWNERSHIP

Texas has the largest number of homebuyers that would be priced out of the new home market if the cost increased by $1,000, the National Association of Home Builders said last week.

Nationwide, a $1,000 increase would push 127,560 prospective buyers out of that market, while in Texas, it would push out 11,152 households, more than California at 9,897.

That threshold is met when, based on income, those households would not be able to qualify for a mortgage after a $1,000 price increase. (more…)

Dallas FedThe Federal Reserve Bank of Dallas issued its report on the Dallas-Fort Worth economy, The Real Estate Council named its new leaders for 2019, and the Zweig Group tapped a new COO, all in this week’s roundup of real estate news.

HOME PRICES UP, HOME SALES DIP IN DFW, DALLAS FED SAYS

The Dallas-Fort Worth economy expanded at a modest pace, while jobs growth was subdued in November, the Federal Reserve Bank of Dallas reported on New Year’s Eve.

“Overall, the DFW economy remains solid, with 2 percent annualized job growth year to date (nearly 68,000 jobs),” the report said. “Home sales fell for the second straight month in November, and inventory ticked up but remains tight. House price appreciation has moderated, particularly in Dallas.” (more…)

rentHow did Dallas’s rent growth stack up to the rest of the major metros in the state? Are we in a bubble? We look at this and more in this week’s roundup of real estate news.

RENTS PREDICTED TO GROW IN DALLAS IN 2019

Most of the apartments in Dallas are occupied, and rent growth continues according to the Yardi Matrix Multifamily National Report for 2018.

Nearly 95 percent of Dallas apartments were occupied in October, with yearly rent growth hitting 2.1 percent last month. It is expected to grow 4.4 percent next year. (more…)