NAR’s recent generational survey uncovered some really interesting trends. For starters, more and more Millennials are eschewing urban life and heading for the burbs, where they can afford to buy a house. Though Millennials contributed the largest share of home buyers in 2017 at 36 percent, a shortage of single-family construction has kept aspiring homebuyers from making the move. Additionally, larger numbers of households are living a multi-generational lifestyle, with more younger Baby Boomers buying homes to house their adult children and their own parents. Even Gen X households are buying homes with the intent of having their parents under the same roof. 

Now that many Millennials have started to pay down their staggering student debt, more of them are starting families. According to NAR’s report, the share of Millennials with at least one child continues to grow. But for many Millennial households in America, their desire to become homeowners combined with slow wage growth and high housing costs have pushed many out of larger cities and toward the suburbs. In fact, 52 percent of Millennial homebuyers bought larger and more affordable properties in suburban locations. 

In fact, Thrillist just published a piece that speaks to this trend: “State of the Suburbs: Dallas.” Forced to look in every nook and cranny for a home they can afford, Millennials are now turning their eyes toward the close-in suburbs that might not get as much attention as the master-planned communities in Collin County, such as Duncanville, DeSoto, Garland, and Grand Prairie.  

Of course, a lot of these trends speak to life in Dallas, which has a very upwardly mobile workforce and a lot of Millennials. However, are we seeing a run on suburban living? We asked some of our most-trusted Realtors to find out. 

(more…) lists Dallas as its 11th hottest market. is hailing it the longest inventory decline in two decades. According to a new report from the online property search site, there were 11 percent fewer homes available in June 2016 than the previous year. The drop marks the 24th consecutive month of falling inventory – the longest streak in 20 years. Home prices also reached a new record, selling for 9 percent more than in 2016.  Together, these trends present enormous hurdles for buyers.

Currently, median inventory age in Dallas hovers at only 38 days, well below the national average of 60 days. As the’s 11th hottest real estate market, Dallas feels the strain keenly, but it certainly isn’t alone. “More markets than ever are struggling with inventory problems,” said Javier Vivas, manager of economic research at “In 80 percent of markets there are fewer homes for sale currently than this time last year.”


Logo Sign - PRINT 16x16

If you like the idea of having a home on the range but can’t imagine living in the middle of nowhere, you might take a look at Corsicana. The first oil boom town in Texas, it was founded in 1848 and by the early 1900s it was one of the top 10 cities in the nation with the most millionaires. It’s stuck to its small-town roots ever since.


The Makerspace at Walsh

Conceptual rendering of The Makerspace in Walsh

A new word is circling the globe.  Well, maybe it’s not a new word but it’s certainly one that you’re going to hear more and more as it pertains to real estate and development.  The word is “makerspace.”

Also known as “hackerspace,” “hacklab,” or “metalabs,” a makerspace is a collection of people with similar interests that congregate in a collaborative work space to make things, share ideas and foster education.

It’s a club with membership based on a common interest.


Halloween Decorations

Photo: Randy Robertson via

WalletHub, one of our favorite sources for all of those ranking lists that pit cities against each other on a wide variety of somewhat pointless criteria, just crunched the numbers to discover what American cities are the best places to celebrate Halloween. Now, this annual day of spooky decor, jack o’ lanterns, and politically incorrect costumes that are shared all over the internet is big business, expected to net $8.4 billion in 2016, WalletHub claims. But what towns get their Samhain on better than anyone else?

Jump to find out!


Ranch style home


What is the quintessential American home? That’s a question that can creates a hot debate. Is it the Colonial beauties on the East Coast, or the classic traditional? How about a Cape Cod?

A recent study points to another style that is the most popular in 29 of the 50 states: the ranch style home.

“The ranch style signals a lifestyle change of that age. Front porches went away, and people are more into backyard living and protecting privacy,” said Tim Cannan, president of

This isn’t a big surprise, because ranch houses can be built quickly and relatively inexpensively. They’re also highly customizable for buyers and regional preferences. Their low-slung style may be inspired by the Old West, but it quickly spread from that coast across the nation with the rise of automobile culture in the 1960s. Their design naturally accommodated one or even two cars and became popular in newly built suburbs.

But what about other styles of homes?


The Perfect Name for a Hong Kong Real Estate Brokerage (“wasted” on a restaurant)

The Perfect Name for a Hong Kong Real Estate Brokerage (“wasted” on a restaurant)

In case you missed Part One, you can read it here.  In that section I wrote about how the thirst for safe investments that return a decent profit has changed the real estate markets in cities across the globe, particularly Hong Kong. You may think Dallas is nowhere near the bustling city of Hong Kong, but consider that Hong Kong’s population is roughly 7.24 million and the Metroplex is roughly 7.1 million — where we differ is land mass.  The Metroplex sprawls over 9,286 square miles while Hong Kong manages on a much more restrictive 1,064 square miles … nine times the density.

Hong Kong housing can be thought of as a compressed version of Dallas.  There are insights to be gained. This installment covers the results of investment, development, and the shortfalls of grand government plans.

Empty Homes

The results of parking income in real estate can be seen in cities like Seattle, Vancouver, and London where vacant, investor-owned properties are used as oversized piggy banks to park excess cash.  Most of these properties aren’t in the rental pool, depriving the local market of a housing unit. It’s been estimated that between 40 to 50 percent of London homes are empty on a given night … and London is not alone. (Homelessness in these markets is the height of irony.)

As Dallas housing continues to trend, it’s important for governments to study the mistakes and successes of other hot markets.  In hot markets, owners are rewarded on the backs of tenants and those forming households.


Hong Kong Real Estate Broker Window

Hong Kong Real Estate Broker Window

Many of the hottest global real estate markets didn’t get that way due to local requirements.  They’re hot because of investors looking to either park money or seek a better return on investment than can be found in traditional banking.

I had thought about writing about second home opportunities in Hong Kong for’s sister blog, but I think there’s more value for Dallasites to learn.  I won’t say, “there but for the grace of god …” but in smaller ways Dallas should learn lessons from cities that already have high-growth.

Many readers are old enough to remember when money market accounts, bonds, CDs and even savings accounts could be combined for a decent, low-risk annual gain. Today we know all too well those instruments offer rates equivalent to mattress stuffing.  After all, the same low interest rates found on residential mortgages and business borrowing are killing returns on those low-risk investments (interest paid to savers is tied to interest generated by loans).