home sales

(Graph courtesy Zillow)

Foreclosure starts are up locally, Dallas-Ft. Worth market continues to significantly outperform all other cities in the state when it comes to home sales, and several local cities and towns are among the top places in Texas to live.

We take a look at all of that and more in this week’s roundup of real estate news. (more…)

Q3 2017 Home Flipping Heat Map, Credit: tableau, darenjblomquist

ATTOM Data Solutions, curator of the nation’s largest multi-sourced property database, today released its Q3 2017 U.S. Home Flipping Report, which shows that single-family homes and condos flipped in the third quarter yielded an average gross flipping profit of $66,448 per flip, representing an average 47.7 percent return on investment for flippers — down from 48.7 percent in the previous quarter, and down from 51.2 percent in Q3 2016 to the lowest average gross flipping ROI since Q2 2015.

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9046 Guildhall Front

There are a lot of homes that, when you get a glance at them, you can tell they’ve been flipped. They typically have some of the same tile throughout the home, there’s no furniture, and the paint is fresh inside and out. Some of them are boring (like, pass-the-smelling-salts boring) but sometimes you come across an exceptionally well-done flip, like this one in Lake Ridge Estates.

This neighborhood is gaining steam in a big way, thanks to being located inside Richardson ISD. This particular home at 9046 Guildhall feeds into Lake Highlands Elementary School, and is located on a large corner lot. While the outside of this home says “traditional,” the insides are a perfect marriage of both familiar and modern elements, increasing the overall appeal.

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