I have totally forgotten to tell y’all that I am now a contributor to Forbes.com. Started a while back, and I already have a few stories in the hopper. This is my first, a primer on North Texas real estate: 12 Things you Need to Know About North Texas Real Estate. Let me know what you think!

Whatever I publish, Forbes gets first, of course, and can later be shared on CandysDirt.com. We spent a wonderful evening last week in Vegas at NAREE with Forbes.com editor Samantha Sharf, and I was super impressed with what Forbes is creating to beef up national and international real estate coverage. Very much boots on the ground. The other contributors I met: Joe Gose who has been covering real estate and other biz topics for 25 years, based in Kansas City, writes for The New York Times, Shopping Centers Today, Urban Land and France Media. I’ve seen Joe at many a NAREE conference, as I have Cynthia Lescalleet, a fellow Texan from Houston who writes for Swamplot and many other publications. All our work will be online, of course, because that’s where Forbes.com is smartly focusing resources. 

What will I be writing for Forbes.com? Celebrity real estate, of course, but many profiles and snapshots of the North Texas real estate market. Or shall I say, climate. I will be pestering major Dallas developers, movers and shakers for sit-down interviews, AKA good, old-fashioned, look-me-in-the-eye journalism. I’ll be covering trends, the unusual, all things that make us the greatest real estate market in the universe. And I’m very open to suggestions as well, so holler at me: you know my number, should be in your phone  — candace@candysdirt.com.

If the stock markets were a roller coaster ride, we’re at the point where gravity takes charge as passengers’ arms are thrown in the air and the whole screaming mass plummets to toward the earth. Sounds dramatic, right? Thanks to interest rate concerns, the Dow fell by more than 400 points since last Wednesday, notes our most-trusted mortgage expert, Bob Johnson (AKA BobMortgage) — and though such a free fall in the stock market usually indicates a rise in more secure bond investments, we’re not seeing that trend right now. 

So, when will the bottom fall out? And should you lock or float? Find out all of that and more from BobMortgage, senior mortgage adviser at the nation’s oldest private lender, Wallick & Volk, in this week’s Mortgage Report:

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Despite the fact that mortgage interest rates are on the rise, the pace of home purchases hasn’t abated, says our most-trusted mortgage expert, Bob Johnson (AKA BobMortgage), the senior mortgage adviser at the nation’s oldest private lender, Wallick & Volk.

Naturally, the stock market’s gradual dive has caused some trepidation for investors and buyers, but with an experienced mortgage expert at your side, you don’t have to gnaw your fingernails over the market. Wondering what you should do in this market? Find out whether you should lock or float now in today’s Mortgage Report.

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707 Cordova is a storybook Tudor on this year’s Hollywood Home Tour.

You know that Hollywood Heights is flush with some of the cutest cottages in all of Dallas. Thanks to the neighborhood’s well-thought-out conservation overlay, the homes in this popular East Dallas enclave still retain the charm of bygone eras. And your best bet to get an eyeful of that charm is attending the annual Hollywood Home Tour. This year is no exception, especially with 707 Cordova — pictured above — on the tour.

Of course, we’d love for you to experience this storybook Tudor cottage — as well as the other beautiful homes on this year’s tour — for free! Organizers with this annual fundraiser have generously given us two pairs of tickets to give away to our fans and readers, and we could not be more thrilled to give four lucky people the chance to see the amazing homes showcased on April 21-22. 

Now, if you don’t win, we hope you’ll still attend this year’s tour and the “Art in the Park” market at Lindsley Park on both Saturday and Sunday. Home tour passes $15 in advance (available online or at Curiousities Antiques in Lakewood) and $20 on the day of the tour.  There’s also a themed auction party on Friday, April 20, at the Dallas Arboretum. 

Ready to enter to win one of two pairs of passes to this weekend’s Hollywood Home Tour? Jump!

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The 13th annual White Rock Home Tour is a not-to-be-missed event this year. The tour offers a look inside some incredible midcentury modern and modern homes, including one worth the trip out to Garland to see! (Photos: Angela Flournoy)

There’s a reason why the White Rock Home Tour is one of the most well-attended tours in all of Dallas — the focus on the East Dallas location and showing off the area’s stout inventory of modern properties is a magic formula. There’s no other tour like it, and its success hinges on the well-organized volunteers who make sure that every tour-goer has a great experience. 

We know that we say that we don’t play favorites with home tours, but this is definitely one of our very favorite ones! And this year, well, the Hexter Elementary PTA has outdone itself. Not only do you get an inside peek at some of the coolest houses in some of the most sought-after neighborhoods surrounding White Rock Lake, but you also get a chance to wander through one of the most amazing midcentury modern homes in all of North Texas. Grab your Tom Collins set, because this time capsule in Garland is worth the price of admission. Don’t have tickets yet? You can still purchase tickets to this year’s White Rock Home Tour, slated for April 21-22 from noon to 5 p.m., for $15 each. Tickets are $20 on the day of the tour.

Or, you could be one of the lucky winners of our ticket giveaway and see these incredible homes FOR FREE! White Rock Home Tour organizers have given us four pairs of tickets to give away to this year’s event, so your chances of winning just got a lot better.

Want to win? Find out how to enter after the jump!

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This came across my desk today from whom, I don’t know. All I know is, it sounds kine of strange. It sounds like Preston Tower, one of two condominium towers in the sizzling hot ‘hood at Northwest Highway and Preston, aka “Behind the Pink Wall”, wants to shift costs away from the HOA and onto the individual condo owners. Why would they be doing this?

Preston Tower has had a number of lawsuits over the past few years, some of which they have lost. Perhaps this is an effort to shift costs and responsibilities back to the individual condo owners, says our Jon Anderson.

But can they do this?

And what does this do to property values? If you were a buyer, would you buy in a building where your HOA had almost zero responsibilities? Let’s talk about this…

 

It’s a busy economic news week, with new and pending home sales reports released, as well as the Fed’s favorite measure of inflation — personal consumption and expenditures. Last week ended on a moderately positive note, but many feel that rate hikes are are coming this year, says our most-trusted mortgage expert, Bob Johnson (aka BobMortgage) the senior mortgage adviser at the nation’s oldest private lender, Wallick & Volk.

Should you lock or float? Don’t panic — with more than 20 years helping buyers find the perfect loan for their home purchase, BobMortgage reads the tea leaves of today’s market better than anyone else. For his expert take, watch The Mortgage Report after the jump!

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Blah-blah-bland architecture and luxe prices.

Reasonably-priced new construction is fast becoming one of those stories parents tell wide-eyed offspring about the good old days. We all know that new apartment construction within a reasonable commute to a job center has been almost all-luxury. In fact, since construction restarted post-Recession, RealPage estimates that 75 to 80 percent of all apartment construction has been luxury. Adding to the problem, existing apartment buildings have been snapped up, resuscitated, and flipped to higher-rent brackets.

It’s often simple to blame greedy developers because … well … duh … but that’s as simplistic as it is simple. What isn’t simplistic is the effect this lack of market-rate affordable housing has on home buying.

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