affordableEarlier this week, we mentioned the October housing report from the Texas A&M Real Estate Center, which provided this interesting tidbit: While home sales may be slowing down in the higher price points, the most affordable price points are still doing robust business.

“The market for homes priced less than $200,000 remained the exception, where the MOI held at 2.8 months with constant pressure downward,” the report said. A balanced market, economists say, is closer to six months of inventory.

So for this week’s CandysDirt.com Open Houses of the Week, we thought we’d take a look at this price point, and what you can get for that.

This week, our homes range in price from $155,000 to $200,000. Which ones will you visit? (more…)

Oak LawnEvery Thursday, we bring you our pick of the hottest North Texas properties in our CandysDirt.com Open Houses of the Week. These are the places you don’t want to miss that weekend. And this week, we’re taking a look at the condos and townhomes in the Oak Lawn area.

This week, our homes range in price from $215,000 to $645,000. Which ones will you visit?

COZY NEST ON NEWTON

Open house: Saturday, Nov. 3, and Sunday, Nov. 4, 2-4 p.m.
While this condo at 4106 Newton Ave., comes in at about 771 square feet, its layout and 10-foot ceilings make it seem much larger than it actually is. (more…)

Every week, we bring you some of our favorite properties having open houses that weekend. We pick three fabulous open houses in Dallas (and the ‘burbs from time to time) you shouldn’t miss.

This is our CandysDirt.com Open Houses of the Week column and our houses range in price from $325,000 to $1.225 million today. Which ones will you visit? 

 

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After just 10 days on the market, our High Caliber Home of the Week presented by Lisa Peters of Caliber Home Loans is already under contract, reports listing agent Sam Saladino. 

Cedar Hill is hot!” Saladino shared. “You can’t beat the dollar per square foot for the neighborhood, home sizes, and amenities.”

The subdivision, which is dubbed Wildwood, plays host to this cool contemporary perched high in the hills above Joe Pool Lake and Cedar Hill State Park. It’s part of the larger Lake Ridge development, a hotbed of luxury homes in a very reasonable price range and on a hidden gem of a lake. 

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Real Estate Story

Tell Me Your Real Estate Story: French Couple Persevere to Find Family Home | CandysDirt.com

Lina Betancourt Fensch is a citizen of the world. Born in the United States to Colombian parents, she moved from Dallas to Paris, France, in 2004. She lived in the City of Light for over a decade, meeting and marrying her husband, Antoine Fensch, and having two children, Mathis and Mila. 

They moved from Paris to North Texas in September of 2016 and started house-hunting shortly thereafter. In May of this year, after looking at dozens of houses and being outbid time and time again, they finally bought a Richardson Heights house with three bedrooms, two bathrooms, and 1,856 square feet. Their story is fascinating! 

Full names: Lina Betancourt Fensch and Antoine Fensch

Occupations: Corporate communications, stay-at-home dad

Location: Richardson

Price Range: Under $250,000

Agent: Harriet Shaw with Keller Williams Urban Dallas

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Feast Your Eyes on this Midway Hollow Contemporary in Our Open House Roundup | CandysDirt.com

The gorgeous Midway Hollow contemporary at 3830 Van Ness Ln. is one of three houses in our Dallas open houses roundup.

Have you made your weekend plans yet? Because you’re going to want to make time to visit the three houses we’ve found for our CandysDirt.com Open Houses of the Week column. They range in price from $349,900 to $939K and a Midway Hollow contemporary tops the list. 

 

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DFW rent prices

If it feels like you’re paying a lot for rent, you’re probably right: huge demand for DFW apartments in 2016, coupled with a shortage of supply, has pushed rents and building occupancy to record levels.

DFW rent prices are now averaging almost $1,100 a month, according to MPF Research. Add to that a vacancy rate of under 4 percent, and you’ve got demand at an all-time high. The past year’s demand total for apartments in North Texas jumped to 27,120 units, up sharply from the 2015 volume of about 17,000 units.

Fort Worth ranked sixth in the nation for rent increases in 2016, going up 6.7 percent over the previous year. Dallas was close behind, at number 11, with a 6 percent increase over 2015.

“With out apartment clients, we’re getting a lot of people relocating who are unsure if they want to buy or not,” said David Maez, co-founder of Vivo Realty Group. “I think we going to see competitive rent prices continue, even with the inventory that’s coming up.”

There are now almost 50,000 apartments under construction in North Texas, which is about 9 percent of nation’s building activity. That’s the country’s biggest block of product on the way by a large percentage, according to RealPage. About 29,000 of those apartments scheduled for completion in 2017.

“Dallas-Fort Worth is the country’s top spot for apartment demand by a huge margin, which speaks to the strength of the local job market and household formation pace,” said RealPage chief economist Greg Willett. “There’s a great mix of expansion in both the urban core and the suburbs.”

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Dallas Open House Roundup | CandysDirt.com

The Winnetka Heights Prairie at 319 N. Willomet Ave. is one of our five featured open houses this week.

Every Thursday, we bring you the CandysDirt Open Houses of the Week column with five standout properties you’ve got to make time to see that weekend. This is the result of days of research into what’s available now, what’s hot, and which open houses shine.

This week, our houses range in price from $499K to $1.099 million. You’ll find a range of properties, including the lovely Winnetka Heights Prairie pictured above, a central Dallas condo with colorful personality, and a Lakeshore Hills contemporary taken to the studs for a huge renovation. Let’s take a look!

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