Real Estate
Sometimes wonderful things happen simultaneously. A reader emailed me this question: Candy: What do you think are the 3 hottest places to buy in Uptown? Then Steve Brown blogged last week about Uptown, how it is one of the most successful neighborhoods in Dallas, and how it just sort of happened. Crescent Real Estate Holdings is developing the last…
I swear to God a day does not go by without someone, usually an agent, asking for the name of a good handyman. I wrote about this on CultureMap, I’m writing about it here. Listen up agents, this is a venture you’ve got to pay close attention to. And we’re inviting you to a party…
A what? Flywheel indoor cycling, as in stationary stadium bicycle cycling. I know (groan) but let’s face it, fitness equals not just a cuter, tighter butt to run from open house to open house, but serious health improvement. Flywheel Sports, the experience crafted by Ruth Zukerman, legendary instructor and driving force behind the New York…
The Medicaid nukes are coming to town from Washington, D.C. to infuse more power into Greg Abbot’s investigation of dental Medicaid fraud, the kind that Byron Harris has brought to the radar. He and other whistleblowers say abusing Medicaid reimbursements helped pediatric dentists like Richard Malouf roll in billions and build enormous homes, buy second…
I spoke to MetroTex Association of Realtors MLS Director Cathy Faulkner yesterday about “Z sales” coming to an end. In the luxury market, “Z sales” gave lofty sales prices a sense of anonymity.
I won’t bore you with the technical details of what a “Z sale” is exactly. Check out this site for a primer on the practice. The gist is this: sellers who were gun shy about disclosing what they paid for a home listed on MLS put a “Z” instead of a big number followed by a lot of zeroes.
Dallas Realtor Jeff Duffey says the death of the practice “will never affect approximately 99% of the real estate market areas throughout North Texas.” However, he estimates roughly 20 percent of the sales in high-end neighborhoods such as the Park Cities, Preston Hollow, and Turtle Creek are “Z sales.”
