ForsytheNew construction in Preston Hollow is expected to have designer touches, and Forsythe + Hall Homes’ latest organic contemporary home does not disappoint.

The four-bedroom, four-and-a-half bath home at 5915 Del Roy Dr. is full of stunning design elements throughout its 5,421 square feet.  The home is located just west of Preston Road and south of Forest Lane.

“We like the area because of the 60-foot building line setbacks that create a great drive up, especially with the six trees in the front yard,” Holly Forsythe, owner and designer of Forsythe+Hall Homes, said.

That drive up sets the scene for a home with a unique floorplan that is entertainment perfect, and full of details both expected and unexpected.

“The layout and the floor plan itself is one of the more special things about this home,” Forsythe said. “We designed the floor plan with our architect, Lance Stovall, around an existing pool in the backyard, which we completely replaced with a brand new more modern pool that gave more space in the backyard for the Emerald Zoysia grass.” (more…)

WataugaWatauga, a suburb of Fort Worth, is hot. How hot? On average, homes in Watauga sell in 15 days — in fact, Realtor.com recently said that’s three percent faster than last year, and about 50 percent faster than homes in the rest of the country.

So for our inaugural Suburb Sunday, we decided to take a look at three homes in Watauga that provides the affordability of the suburbs but is close enough for its residents to enjoy everything Fort Worth has to offer.

CRISP, CLEAN HOME ON AMBER DRIVE

Address: 7428 Amber Drive
This home Amber Drive was built in 1995, but has recently had a renovation that keeps it current. While the finishes may not be luxury, they are durable and family-friendly, making this three-bathroom, two-bath home a great starter home. (more…)

 

Davis St looking west to N. Zang Blvd. from the CVS sidewalk.

If it’s been a few months since you last drove through the Davis/Zang intersection near the Bishop Arts District, you likely wouldn’t recognize where you are now. Buildings five stories tall are going up on three of the four corners, and a new CVS stands where El Corazón was. Melba St., on the other side of the district, is beginning to feel like the State Thomas neighborhood of Uptown: mid-rise apartments and town homes on all sides with a small historic home here or there.

Not only are the streets torn up from increasing utility sizes to accommodate the growth and reconstructing complete streets, but there are about 20 large-scale residential and commercial projects currently under construction in North Oak Cliff, totaling more than a quarter of a billion dollars of investment and adding more than 1,200 units.

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real

Texas schools aren’t failing, but they’re close, Education Week’s annual report card revealed. The biggest mark against the state seems to be no surprise — school finance (we talked more about how school finance affects the real estate world here). (more…)

Dallas is still the top location for home building, according to data from Metrostudy.

New data from Metrostudy shows that Dallas is still the top new home market in the country, with builders starting 31,911 homes in the 12 months ending in the third quarter of 2017. Additionally, quarterly new home starts increased 7.6 percent year-over-year, with new homes priced between $200,000 and $350,0000 seeing the greatest buyer demand. Shockingly, new home starts in the luxury range — starting at $750,000 — overran third quarter 2016 numbers by more than 60 percent. 

Price increases are getting pushback from buyers, according to Metrostudy’s research. The median new home price seems to be stagnating around $321,000. That’s good news for homebuyers still hoping to snag a new build without breaking the bank.  This, however, highlights the affordable housing crisis in Dallas-Fort Worth, Metrostudy notes. “In order to satisfy the greatest buyer demand, builders and developers must work together with municipalities to deliver attainably priced new homes or D/FW could be on the declining end of the cycle sooner rather than later,” the report stated.

Jump for the full report:

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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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Greenwood Flats
Robert Elliott is at it again, ahead of the curve and setting the pace. This time the multi-talented co-founder of Stillwater Capital, founder of Robert Elliott Custom Homes, and The Associates Real Estate Brokerage has created Greenwood Flats at 5714 McCommas Boulevard. Elliott’s reputation as a builder is unparalleled. He’s constructed over 100 private residences in Highland Park alone, as well as homes in Bluffview and East Dallas. His reputation of putting together a solid development and standing behind what he builds means if you purchase one of his homes, you have a sound investment. (more…)

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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