Real Estate Market News
Let’s face it: the Texas real estate industry, and that includes Dallas, is in Veuve Clicquot mode right now. Home sales had their second best year ever in 2014, selling 66,664 homes throughout the Lone Star state just in the last quarter of 2014. Almost 285,000 homes were sold in the state last year, which…
What do savvy sellers ask their agents in the pre-listing interview? About getting their home in the newspaper? Ha! Only if it’s a nursing home! Smart sellers care about two things: internet exposure and — “Do you belong to one of the top hip pocket Facebook groups in town? Pre-sizzle seals the sale. In this white-hot…
Strong economic factors, job gains, and population increases have experts predicting strong growth in North Texas home prices in 2015, and a 35 percent increase in home prices over the next three years in the Dallas-Plano-Irving areas. Local Market Monitor, Inc. released its December 2014 local market reports for North Texas, looking at factors like jobs, migration, housing…
DFW rents were 6.2 higher last year, averaging $919 per month, but demand still soared, with North Texas leading the nation in apartment rentals, and vacancies at a 13-year low, according to new real estate research from Zillow and MPF Research. The increased rent translated to an extra $600 million paid to landlords last year, Zillow reported. For North Texans, that meant a…
As we see strong job growth in North Texas, and housing inventory remaining low, it follows that office vacancies should be affected by economic conditions in the area. A new report issued by Cushman & Wakefield confirms this, stating that only 16 percent of DFW’s office space was empty at the end of 2014. This is the…
