home pricesHome sales fell in North Texas in the fourth quarter of 2018, Dallas-Fort Worth hit record home prices last year, and the Arlington Black Chamber of Commerce will hold its Hard Hat Construction Expo — and we have all this and more in this week’s roundup of real estate news.

Area Home Sales Fall in 4Q 2018

While the median home price grew, home sales in North Texas fell 7.6 percent in the fourth quarter of 2018, a report by Texas A&M’s Real Estate Center said.

Area home sales fell to 22,402 transactions, while the median home price grew 2.4 percent over the year to $260,000. Months of inventory rose 32.5 percent to 2.5 months, and residential property listings increased to 29.4 percent in 2018 to 20,627 listings.

Courtesy the Texas A&M Real Estate Center

(more…)

rentsDallas rents are up, but Plano’s are higher, the City of Dallas is holding a workshop to help citizens navigate city services, and the latest Realtor confidence survey is out — and we have all this and more in this week’s roundup of real estate news.

Dallas Rents Are Up Year over Year

Rents in Dallas are up year-over-year, but have declined slightly over the last month, ApartmentList’s monthly report revealed. (more…)

home buyingWho is most likely to have home buying as a goal this year? Will remodeling and home improvement spending continue to grow?  We look at this and more in this week’s roundup of real estate news.

Four Percent List Home Buying a 2019 Goal

Four percent (about 10 million Americans) said buying a new home was their main financial goal for the year — and millennials were the most likely generation to claim that as a goal, a new Bankrate survey revealed.

Seven percent of millennials said they wanted to buy a home this year.

But that doesn’t mean financial goals aren’t being set. Bankrate’s survey revealed that about 89 percent of Americans have at least one goal for the year, with paying down debt being at the top of the list, with three in 10 saying that was their goal, followed by better budgeting (13 percent), saving more towards retirement (12 percent), saving more for emergencies (10 percent), getting a higher-paying job (6 percent), and investing more (5 percent). (more…)

Dallas FedThe Federal Reserve Bank of Dallas issued its report on the Dallas-Fort Worth economy, The Real Estate Council named its new leaders for 2019, and the Zweig Group tapped a new COO, all in this week’s roundup of real estate news.

HOME PRICES UP, HOME SALES DIP IN DFW, DALLAS FED SAYS

The Dallas-Fort Worth economy expanded at a modest pace, while jobs growth was subdued in November, the Federal Reserve Bank of Dallas reported on New Year’s Eve.

“Overall, the DFW economy remains solid, with 2 percent annualized job growth year to date (nearly 68,000 jobs),” the report said. “Home sales fell for the second straight month in November, and inventory ticked up but remains tight. House price appreciation has moderated, particularly in Dallas.” (more…)

Honolulu

When I saw the Mandarin Oriental construction fencing go up across from the Honolulu convention center, my curiosity was piqued. First, the Mana’olana Place development isn’t a stellar location. To contradict the marketing materials, it is not “steps from the beach” and certainly not while schlepping chairs, towels and sunscreen. It’s also flanked by a bevy of stripper bars and sits across from the aforementioned convention center that’s far from the beehive of activity promised by city leaders more than 20 years ago.

Being a Mandarin Oriental, you’d expect a better, more chic location. Granted, as Kaka’ako (with its large Howard Hughes development in progress), Waikiki and downtown Honolulu inevitably merge together, the Ala Moana area will be just another part of the city, but that’s years away. Folks buying one of the 99 condos or staying in the 125 hotel rooms are unlikely to want a front row seat to a neighborhood in transition. (more…)

ColoradoWith a holiday as generally happy as Christmas, it’s sometimes difficult to find a good Wednesday WTF. But then a coworker found this Colorado listing that made our hearts grow three sizes.

See, on the outside, it’s pretty normal (like most Wednesday WTFs start out, if we’re being super honest here). And there are plenty of lovely living spaces throughout the home.

But your first indication that this is not your usual listing is the description. (more…)

home salesHow did Dallas do when it comes to home sales compared to the nation? Are we starting to see more inventory? Where are various generations choosing to live in Dallas-Fort Worth? We have all of that in this week’s roundup of real estate news.

DALLAS HOME SALES DECLINE IN OCTOBER

The number of homes sold across the country fell in October, including in Dallas, Redfin reported.

In Dallas, the median sales price in October was $280,000, down 2.8 percent from September, but overall unchanged year over year. Homes sold was down 3.3 percent in October to 4,630, and down 8.7 percent year over year. New listings were down .3 percent in October to 6,140, but up by almost 3 percent year over year. (more…)

Dallas

Courtesy CityLab

How does Dallas stack up with the rest of the country when it comes to gains in corporate headquarters? What did the Dallas Fed say about the state of the state’s economy? Are Texans underwater, or equity rich?
We have all of that in this week’s roundup of real estate news.

DON’T FRET – DALLAS STILL GETS PLENTY OF HQ LOVE

Although Dallas may have lost out on Amazon HQ2, it should take considerable pleasure in the fact that it’s still a sought-after place for lots of corporate relocations, an analysis by CityLab revealed.

CityLab co-founder Richard Florida pointed out that a new database of corporate headquarters maintained by research partners at the University of Toronto School of Cities actually reveals that corporate headquarters are spread pretty far and wide across the country. (more…)