Bishops Flower

After last week’s post in Park Hill, I was determined to find new construction that could rival the venerable Winton Terrace grand dame for classical style and pleasing proportions. My first impulse was to look in Riverhills, a new development in Edwards Ranch that a classic house lover can embrace. Choice listings here are thin on the ground, so I was pleased to find a balanced beauty on the charmingly monikered street at 3820 Bishop’s Flower.

I had to look the unlikely name up. If you don’t know, bishop’s flower is a lovely, simple, white bloom used in cut flower arrangements. It grows in the Western United States. Lovely, simple, white, only begins to describe the appeal of this listing, too. Symmetrical quoined bays frame the receding center block capped by a lantern. (more…)

Photo courtesy Brian Dooley via Creative Commons

Photo courtesy Brian Dooley via Creative Commons

Strong economic factors, job gains, and population increases have experts predicting strong growth in North Texas home prices in 2015, and a 35 percent increase in home prices over the next three years in the Dallas-Plano-Irving areas.

Local Market Monitor, Inc. released its December 2014 local market reports for North Texas, looking at factors like jobs, migration, housing permits, local market risk premium, and average home prices. Based on those analytics, they say home prices will likely grow 11 percent in the eastern counties of North Texas and 8 percent in the western counties over the next 12 months. Nationally, prices are forecast to increase by 6.3 percent.

They’ve extended their forecast two and three years, as well. In the eastern DFW counties, home values are predicted to increase 11 percent in 2016 and 10 percent in 2017.

In the western counties, home values are expected to increase 8 percent in both 2016 and 2017. The report predicts home prices to increase 25 percent over the next three years, noting that market is currently underpriced 17 percent relative to income.

County level forecast for Home Values

These reports echo the sentiments of local realtors and real estate experts, who have been crowing about strong North Texas job growth, more buyer and seller confidence, continued low interest rates, and investor demand. Jump to read more!

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Robbie Briggs

Robbie Briggs announced his brokerage’s expansion into Fort Worth today.

Set to open early next year, Briggs Freeman Sotheby’s International Realty is solidifying its relationship with Cowtown with a new office in Fort Worth proper.

“We are so excited. I’ve always wanted to open an office in Fort Worth because I know its importance and love the city,” said Robbie Briggs. “The world views the DFW Metroplex as one market, but we understand each city has its own unique character and personality. Together, with the leadership and guidance of local businesses and influencers, we can deliver our world-class brand and services to the world-class city of Fort Worth.”

Jump for the full statement.

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