Swan House Entry

In July, Joanna wrote about the sale of the famous Swan House at 3503 Hillbrook.

A fixture in Lakewood for years, the eclectic home is located just off Bob-O-Link on a large, private lot complete with a pond. That’s where the late Alma and Neal Stanley kept the big, beautiful birds they loved so much. Styled like a gingerbread house straight out of an eastern European fairytale, the 1959 brick rambler features oodles of cool details, hundreds of pieces of custom-carved woodwork, and accessory structures that add so much personality to the home.

Or, as the Dallas Morning News put it recently, 

it was that memorable, rambling ranch house with glorious, storybook acreage, complete with a large pond, fountains, handmade bridges and swans.

The "Swan House" at 3503 Hillbrook has been a Lakewood fixture for years, earning a spot in the hearts of neighbors. (Photo: Lisa Marie Sutherlin)

The “Swan House” at 3503 Hillbrook has been a Lakewood fixture for years, earning a spot in the hearts of neighbors. (Photo: Lisa Marie Sutherlin)

(more…)

Screen shot 2013-02-04 at 1.22.29 PM

 

Dallas, be grateful! We are rebounding! Things are looking up!

That is, according to the Jan. 31 Local Market Monitor report for the Dallas-Plano-Irving market. For me, this just re-affirms what Realtors and sellers are telling us: Well-staged homes that are priced right are flying off the market in record time. And we’re head-and-shoulders above the national market, too!

Home values for Dallas- Plano- Irving are forecast to increase by 2 percent over the next 12 months. Nationally, prices are forecast to increase by 1.2 percent. In the second and third year, prices are forecast to increase 5% and 7%, respectively.

To what do we owe this success? Well, it’s a mixed bag, but a lot of it has to do with job growth and economic recovery. There has been a 2.5 percent increase in overall job growth, with sectors such as finance experiencing a renaissance of sorts.

According to economist Mark Dotzour at the Real Estate Center at Texas A&M University, corporations are moving to more business-friendly climates and taking their jobs with them:

Let’s face it. Employers come to Texas and other southern locations because they feel that they can make a higher profit. Taxes are a major consideration. So is the cost of labor. Clearly businesses are moving away from areas with a high concentration of unionized labor.

Does this ring true for you? What do you think is the reason for our uptick in sales and existing home prices?