new buyers

While the housing market might be lightly tapping the brakes as of late, a new report found that a wave of new buyers is coming — although how robustly they arrive will vary from city to city.

While there was an impressive wave of first-time home buyers over the last decade, Zillow did the math and found that in the next 10 years, an extra 3.11 million people will be at that prime first-time buyer age — 34.

“From 2019 through 2028, 44.9 million people will turn 34, the median age of current first-time home buyers,” Zillow said. “That’s an increase of 7.4 percent from the past 10 years, when 41.8 million people passed that threshold.”

Now, sure, not all of these prospective new buyers will actually be clamoring to buy homes when they hit their mid-thirties, that huge influx in potential buyers will definitely have an impact on the market.  The largest three-year generational group in the U.S. right now is only 24 to 26 years old — which means that the increased strength of their potential buying power has not been realized yet.

In Dallas-Fort Worth, it’s estimated the metro area will see about a 3.1 percent increase in potential homebuyers in that age range. Other major metros in Texas will also see increases — Austin and San Antonio well each see an estimated 14.2 percent increase, while Houston will see a 6.1 percent increase. (more…)

migration

Photo courtesy Wikimedia Commons

How many people are coming — and leaving — Dallas County? Has there been a local shift to more affordable new homes? What local journalist has been tapped to be a keynote speaker at a financial services conference?

We have all this in this week’s roundup of real estate news.

Dallas County Posts Some of the Highest In-and-Out Migration Numbers

Texas has the second-highest domestic in-and-out migration in the country — and Dallas County and Harris County have some of the biggest influxes of new residents, new U.S. Census data revealed last week.

The 2017 American Community Survey revealed that Dallas and Harris counties had some of the highest inbound migration numbers, with 117,129 moving to Dallas County and 175,286 moving to Harris County. (more…)

buyer-friendlyHow big of a shift to a more buyer-friendly housing market did DFW make? What locals were appointed to a TREC advisory committee? What is MetroTex up to?

We have all this and more with this week’s roundup of real estate news.

Market Shifts to Buyer-Friendly

As DOM and days of inventory begin to lengthen slightly, the housing market in North Texas has shifted — slightly — to a more buyer-friendly one, research by Trulia revealed.

“Beyond the pricey West Coast, markets including Denver and Dallas – both often destinations for those moving away from the West Coast – have also shifted in favor of buyers over the past year, though less dramatically,” the report said. (more…)

Dallas-Fort Worth

Photo courtesy Wikimedia Commons

Four Texas metros hit the U.S. News and World Report list of best places to live — and Dallas-Fort Worth was in the top 25. But how did the city fare in a study of diversity? And where do Millennials want to move?

We cover all this and more in this week’s roundup of real estate news. (more…)

live at homeWhere did Dallas fall in a study of adult children living at home with their parents? What cities will dominate new home construction this year? What did housing sales look like in February?

We have all this and more in this week’s roundup of real estate news. (more…)

A recent report from Owners.com , a tech-driven real estate brokerage, found that Dallas/Fort Worth was among the top 10 markets nationwide for career-focused single women to live. The analysis was based on a variety of factors, including the percentage of single female homeowners, female median earnings, and female unemployment rate. The Metroplex has some unique factors that make it a great place for single professional women looking to buy a home. (more…)

Seattle transplant Kelly Gurnee recently joined Clay Stapp + Co. He’d spent the past three and a half years at Gurnee & Associates, a firm in his hometown started by his brother.

This is actually Gurnee’s second stint in Dallas. In 2009 he helped build a dental group that a friend started. For the six years, he oversaw 10 offices and was responsible for many of their business operations. When his friend sold the group in 2015, he returned to Seattle where they hoped to repeat the same business model in a new location. Gurnee ultimately elected to dive in real estate and hang up dental for the time being.

“I did really well but I wanted to get back to Texas all along,” he said. “If I’d had my way I probably wouldn’t have moved back. I met a lot of good people here.”

(more…)

Dallas

Everglade Park will be home to one community project to receive funding from the Dallas Neighborhood Vitality Grant Program (photo courtesy City of Dallas).

Which Dallas neighborhoods will receive grant dollars for community projects? What is holding many back from becoming homeowners in Dallas? We’ll look at that, plus see news on Opendoor’s newest round of funding and how it impacts North Texas in this week’s roundup of real estate news.

Sixteen Dallas Neighborhood Projects Receive City Funding

Sixteen projects across Dallas will receive Dallas Neighborhood Vitality Grant Program dollars this year to implement community improvements. (more…)