North Texas Real Estate
We’ve talked until we’re blue in the face about how brisk the market its for single-family homes in North Texas, and Dallas especially, but the market for condominiums is just as hot according to the 2013 Texas Condominium Sales Report from the Texas Association of Realtors. We definitely agree, and we noted in November that…
Halloween is an escape from troubled times, and as Oct. 31 has rolled around in recent years, Americans have spent several simoleons on the spooky holiday. But as the economy has turned a corner this year, Americans are projected to spend 13.9 percent less on costumes, candy, and decorations this year. According to this story…
Be prepared for the loud cheering that will come from every car departing carpool lanes on Aug. 26 as parents throughout North Texas celebrate the first day of school. No more hearing “I’m bored!” every five seconds! No more shuttling to camps! No more packing and unpacking trunks! And of course, think of all you’ll…
There are some amazing homes with incredible views in Heath, folks! The annual Heath Holiday Tour of Homes, which benefits the 2013 senior class at Rockwall Heath High School, lets you check out some amazing homes in this spectacular small town. The tour is today (Nov. 30), so if you want to attend, head over…
I spoke to MetroTex Association of Realtors MLS Director Cathy Faulkner yesterday about “Z sales” coming to an end. In the luxury market, “Z sales” gave lofty sales prices a sense of anonymity.
I won’t bore you with the technical details of what a “Z sale” is exactly. Check out this site for a primer on the practice. The gist is this: sellers who were gun shy about disclosing what they paid for a home listed on MLS put a “Z” instead of a big number followed by a lot of zeroes.
Dallas Realtor Jeff Duffey says the death of the practice “will never affect approximately 99% of the real estate market areas throughout North Texas.” However, he estimates roughly 20 percent of the sales in high-end neighborhoods such as the Park Cities, Preston Hollow, and Turtle Creek are “Z sales.”
