Real Estate Market News
You already know that Grandwick, the former Dallas headquarters of the Church of Scientology, was reduced to ashes by a three-alarm fire Thursday. The owner, David D. Anderson, said that he was unable to obtain insurance on the property because it was vacant. It would seem like this is a tragic, singular occurrence, but the…
You know you do it — take a stroll down Strait Lane from time to time to check out some of the most glorious mansions in Dallas owned by some of our most famous peeps. Strait Lane is Mansion Row, and home to Ross Perot, Dirk Nowitzki, Phil Romano and Brint Ryan. Well, first home…
Last Friday evening Rockwall builder Mike Mishler, of Mishler Builders, was honored with the prestigious 2013 Hugh Prather Award, the highest honor bestowed by the Dallas Builders Association. The award has been presented annually for the past 63 years to a builder, remodeler or developer who has done the most for the betterment of his…
Joanna says the house has been vacant for years. This is probably one of the biggest house fires in the area in awhile — the home was just under 10,000 square feet if I recall…
Rarely do you see both home prices and rents grow in the same market where, as we reported earlier this week, net migration is in the red. And yet that’s what Local Market Monitor is projecting for Dallas-Irving-Plano area over the next 12 months.
That’s partially due to unemployment rates dropping and a strong financial and service job market in the Dallas area. Local Market Monitor projections show 9 percent growth in housing prices over the next 12 months and 12 percent growth over the next three years. And demand for housing, both buying and renting, will grow thanks to overall population growth that is outpacing the national average.
