Realtor News
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.
UPDATE: I hate how slow DCAD is. Thank God for my sources. So Don Carter sold this unit to a real estate investor who lives in the W, Pierre Jean, closing 9/26. JP paid $1.2 because Carter basically said to him, take it, get rid of it. But of course it’s been updated and decked…
Ola — wanted to introduce you to one of our shining new expert contributors on SecondShelters.com… As a quick intro, my name is Dallas Addison, and my passion is real estate. I’m trained as a lawyer and have helped many clients throughout the country buy, sell, develop and manage all types of real estate over the…
To tell the truth, I have long dreamed of living life in a Tudor. This started years ago when I would drive through the streets of Winnetka and Evanston in the northern Chicago suburbs. Row upon row upon row of neat, tidy, warm-looking homes that made me feel both secure and romantic all at the same time. Not all were Tudors, but most were. They were solid, like the shoulders of Chicago. Then there was my time at Dartmouth when I studied English at Sanborn House, home of the Dartmouth English Department, where tea was served every day at 4:00 p.m. I fancied myself quite the Brit and swore that the rest of my life I would be forever surrounded by rich, dark English woods, cast stone, heavy spindled chairs, archways, gables, and Elizabethan anything. Edwin David Sanborn was a Dartmouth English professor for whom Sanborn House was built and named. He used to hold Thursday afternoon teas, served to undergraduates in his home. When Sanborn House was built, a wealthy alumnus, Sanborn’s son, actually, left an endowment to have Professor Sanborn’s tea custom upheld in perpetuity. Thus everyone takes a study or teaching break daily at 4:00 p.m. and gathers for tea and brilliant conversation in the middle of this dignified, gothic architecture at Sanborn House.
As Joanna told us earlier, the shuttering of Washington, D.C. is taking a toll on the real estate market somewhat. You may recall Paige Phelps, who worked in Dallas for People Newspapers then for The North Texas Food Bank. “It’s a USDA rural home loan (I’m in Marfa now) and I’ve been approved,” says Paige. “It’s just…
