Fort Worth

(Photo courtesy Flickr)

Rents are on the rise in Fort Worth, making it one of the top 25 cities out of the 100 largest in the U.S. where one-bedroom rents are rapidly increasing. We look at that, as well as who made the cut as the richest person in Texas, and what company is making a foray into Texas real estate now, in this week’s roundup of real estate news. (more…)

baby chasers

Photo courtesy Pixabay

It may not be a new phenomenon exactly, but grandparents making big moves to be closer to grandchildren have a relatively new term — “baby chasers.”

In fact, real estate research firm Meyers Research recently released its Meyers Baby Chaser Index, which indicates that 25 percent of Baby Boomers will likely retire to be near their grandchildren, even if it requires a state switch.

Dallas, the firm said, was at the top of the list, along with Charlotte, North Carolina; Austin; and Nashville, Tennessee. “Dallas’ growth decelerated in the latest data for both age groups but remains among the highest in the country,” Meyers said. (more…)

mckinney

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From staff reports

Nearly 40 percent of 2018’s single-family home purchases were made by first-time buyers — with some places being more friendly to those new to the market than others. McKinney ranked 10th among 300 cities WalletHub looked at in regards to how amenable they were for first-time buyers.

The Collin County town ranked 160th when it came to affordability, but scored top marks for its market and 45th for quality of life.  (more…)

metrotex

From left: Terry Tremaine, Bill Jordan, Taylor Walcik

MetroTex announced its proposed slate of 2020 officers and 2020-2021 directors after receiving applications from general membership, which were then reviewed by a nominating committee.

Nominated were: President: Terry Tremaine, Century 21 Mike Bowman; President-Elect: Bill Jordan, Longhorn Real Estate; Secretary/Treasurer: Taylor Walcik, Blair Group Real Estate; Past President: Cathy Williams, Keller Williams. (more…)

Millennial

Photo courtesy Wikimedia Commons

It started as a drumbeat last March, as Candace Taylor of the Wall Street Journal wrote that Baby Boomers who built million-dollar, large homes, suddenly were finding it difficult to unload them because Millennial buyers (the next market of age to buy a home after Gen Xers) were disinterested in (or couldn’t afford) the homes.

Seems Boomers, who are looking to retire and downsize, and Millennials have something in common — a slim-to-nil desire to live in too much house.

“Large, high-end homes across the Sunbelt are sitting on the market, enduring deep price cuts to sell,” Taylor wrote. “That is a far different picture than 15 years ago, when retirees were rushing to build elaborate, five or six-bedroom houses in warm climates, fueled in part by the easy credit of the real estate boom. Many baby boomers poured millions into these spacious homes, planning to live out their golden years in houses with all the bells and whistles.”

The Boomer generation owns about 32 million homes and account for two out of five homeowners in the country.

Tastes Change

What nobody accounted for, really, was that tastes would change, and the buyers entering the market in the mid to late 2000s would be looking for walkable neighborhoods, energy-efficient homes, and clean floor plans, for the most part.

“Design trends have shifted radically in the past decade,” Taylor wrote. “That means a home with crown moldings, ornate details and Mediterranean or Tuscan-style architecture can be a hard sell, while properties with clean lines and open floor plans get snapped up.”

A survey by Nationwide Insurance revealed that 48 percent of Millennials wanted new construction, to avoid renovations and plumbing and electricity problems.  (more…)

purplebricksFlat-fee brokerage Purplebricks pulls out of the U.S. market, we have May housing numbers for Texas, and we find out what Dallas-Fort Worth town was named to a list of the 34 richest towns in the U.S. – all in this week’s roundup of real estate news.

Purplebricks Hits the Bricks, Leaves U.S. Market

Less than two years after entering the U.S. market via Los Angeles, U.K.-based Purplebricks announced it would leave the market.

The flat-fee brokerage struggled as of late in its expansion, reporting a full-year operating loss of 34.1 million pounds (or roughly $43 million), Inman reported. It had previously announced this Spring that it was shutting down in Australia as well. (more…)

GarlandWhen we look for that magical turnkey home in the $100,000 to $199,999 price point for the Weekend One Hundred, sometimes it’s like searching for a unicorn. But today’s property is not only turnkey, it’s close to downtown Garland in the established neighborhood of Park Groves.

Yes, this Midcentury Cottage is a three-bedroom, one bath, but it makes an excellent home for a first-time buyer, and can even see you through getting married, having a kiddo, and even elementary school.

Located at 1500 Hilltop Drive, this listing is also very new — as in, it’s not even been on the market a full 24 hours. It sits on a 9,104 square foot lot, too, which means that with some clever configuring and a great architect and contractor, you could probably even finagle a second bathroom, potentially turning one of the bedrooms into a master suite. (more…)

We hear it a lot, right? “Amazing location. Must see.” And with a fair amount of skepticism, we click. “Oh yeah, we’ll just see about that…”

But this one, this wonderfully updated, sweet little home really is a must see and the location? Well, it’s amazing. It’s walking distance to hiking and biking trails and a little puddle of water called Lake Grapevine.

And then there’s adorable downtown Grapevine with its vintage train, wonderful restaurants, and charming boutiques. Oh, and you’re a short drive from Southlake, too, and hello, they have a Tyler’s.

(more…)