The problem with living on the Katy Trail is that, as Jon Anderson pointed out, so many other people want to live there, too. That’s why there are so many high-rise buildings in planning phases that will line this popular city amenity. Of course, with all of those new buildings, and all of the demand, prices are going to get higher, too. So if you want to get into this area for a reasonable price, Brandon Travelstead of Dallas City Center Realtors has a great unit inside the Lofts at the Katy Trail — the only one with an attached garage — and it’s priced under a half million.

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Word on the street last week was that Berkshire Hathaway had gone shopping in Dallas once again, this time snapping up the boutique Nathan Grace Real Estate. But no, it wasn’t Berkshire H. 

It was CENTURY 21 Judge Fite Company, with Jim Fite as president, who answers their phone as “the official real estate company of the Dallas Cowboys”.

Rather than an acquisition, this sounds like more of a strategic partnership between the two firms. It appears this will be a luxury division within Judge Fite, the new company calling itself “Fine Homes & Estates CENTURY 21 Nathan Grace.” Everyone wants a piece of that luxury pie, so this is a smart way for Judge Fite to get into those luxe markets. And it’s a smart way for Nathan Grace to pick up the technology and tools that come with a billion dollar company. What brokers want, you see, is high-producing agents and they are forever in competition with each other to attract them. Hard working agents are the ones who get homes sold!

Kevin Caskey is president of Nathan Grace. Century 21 is a division of Realogy called NRT, with all the company-owned shops sitting under NRT.
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Even as the price of new-builds in Dallas remains largely stagnant, a report last month suggests that housing affordability will remain a primary concern for the foreseeable future. According to Metrostudy, the area’s low housing inventory streak continues unabated, and the median home price inches ever upward, reaching $320,600 last quarter. Resale prices of homes show no signs of slowing and new home starts in the $200,000 or under price range have become relics of the past.

“New homebuyers are stretched to the limit of what they can afford,” said Paige Shipp, Director of Metrostudy’s Dallas-Ft Worth market. Tell us about it.

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Brokers & agents are invited to a CandysDirt Staff Party event at 5350 South Dentwood July 19, from 3 to 5 pm. Brokers & agents are welcome to bring prospective buyers back to the property from 5 to 7 pm that same day. RSVP’s are being taken at 214-543-9990.

In 1951, when Dallas was still learning to embrace the midcentury modern design movement, oilman Grady Vaughn, Jr. commissioned architect Robert Goodwin of Goodwin & Cavitt to design his waterfront dream home in what we now call the honeypot of Preston Hollow. The home is 9,500 square feet with six bedrooms, seven and a half baths, several living areas on one of the most heavily treed lots in this majestic part of town. The acreage is unbelievable: 1.36 acres that include a serene swimming pool and a large private pond.

5350 South Dentwood was designed to serpentine throughout the lush property, meandering alongside the pond on the Straight Branch tributary, weaving through and around original trees. Buildings developed for their sites have an inherent connection, and you feel it intensely walking around the Vaughn House setting.

The home briefly came to market in the spring when it first became available.  Now, it is back, offered for $5,500,000 from the original list price of $6,900,000, with some very serious sellers behind it.

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Clean, unfussy, transitional design is hard to come by. It seems that so many new builds miss the mark, with awkward facades and a mish-mash of architectural style. But for those who love clean lines, natural materials, and tons of symmetry, this listing from Dave Perry-Miller Real Estate’s Phillip Murrell is just the ticket. We’re thrilled to feature it as our High Caliber Home of the Week sponsored by Lisa Peters of Caliber Home Loans. Need financing for your own #HighCaliberHome? Your first and last call should be to Lisa Peters at Caliber.

Intrigued by this Caruth Hills transitional? Read on!

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If you forgot Dallas’ torrential weekend rains, Monday’s return certainly brought those memories … flooding back.

What’s up with that?  It’s not like rain is something new to Dallas.  Sure, depending on whether your beliefs are fact- or fiction-based, climate change may be making rains heavier, but we’ve always had deluge-type rain (when we’re not in drought).

So why does this city flood like it’s never seen a drop of water? Why do we have to repeat, “turn around, don’t drown” and mean it when the water is coming up to the running board of the SUV? There are many reasons, some just mother nature, some brought on by neglect and — shocker — our city’s indifference to infrastructure.

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31Realty Staff

Sam Shao (center, back row) graduated from The University of Oklaoma in Norman with a degree in computer science. Thanks to his language skills and attention to detail, his property management company has grown over the past year. 

Soaring real estate values in China have contributed to a serious investor’s market for property management in North Dallas and parts of the greater Dallas area.

Local property management executive Sam Shao has leveraged his language skills — proficiency in both Mandarin and Cantonese as well as English — into a niche market for his firm, 31Realty. He markets his property management services to Chinese investors — both individuals and investment companies — who are buying local residential properties to lease.

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mortgage

On Friday afternoon, just hours after swearing in, President Donald Trump suspended a Federal Housing Authority (FHA) mortgage premium rate cut issued by former President Barack Obama earlier in the month. The quarter-point cut would have taken effect on January 27.

An FHA loan, with its low down payment and less stringent credit score requirements, offers first-time and low-income homebuyers the opportunity to get a foot in the proverbial door. Aimed at countering rising interest rates following the November elections, the Obama administration’s mortgage insurance premium (MIP) cut would have made it possible for a greater number of buyers to be eligible for credit based on their debt-to-income ratios. For even more buyers, it may have made a monthly mortgage payment more affordable.

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