By Lydia Blair
Special Contributor 
 
There are hundreds of mobile apps specifically focusing on real estate. Most are aimed at potential home buyers and sellers. Apps like Realtor.com, RealScout, and Homesnap help consumers search for properties for sale. Other apps provide neighborhood and property data like RPR Mobile and AreaPulse. Updater is an app that helps track moving tasks.

Then there are apps aimed at helping Realtors with their business. Many agents and brokerages use BackAgent, Skyslope and similar transaction management apps to help stay organized. Docusign is a popular app that gets signatures from clients on the go. Staging apps like PlanOmatic and Hutch help with marketing a property. Roomscan lets agents measure and record floor plans. The list goes on.

And there are also apps provided by title companies. Most of these are aimed at helping Realtors determine closing costs for a particular property. The really good apps allow agents to run an estimated net sheet for their clients.

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Watauga’s 76148 was named the hottest ZIP code by Realtor.com. (Map: Google Maps)

Is it the year of the affordable suburb? As more Millennials search for single-family homes with affordable addresses, more and more suburbs with short commutes and great prices are catching on. So we’re thrilled to see some lesser-known neighborhoods get attention as Realtor.com has named Watauga’s 76148 as the nation’s hottest ZIP code for the second year straight.

“Millennials are the largest generation in U.S. history and they are flexing their muscle when it comes to the housing market,” said Danielle Hale, chief economist for Realtor.com. “Increasingly, the hottest housing markets are the ones that appeal to millennial preferences, and right now the standouts are relatively affordable suburbs with local ‘it’ factors such as hiking trails, great restaurants, and nightlife. With the largest cohort of millennials turning 30 in 2020, we can expect these types of areas to stay in demand in the years to come.”

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This home at 618 Candlewood Trail is inside the Murphy Middle School attendance boundaries and is priced at $324,900.

It’s back-to-school season, and it’s crunch time for families looking to score a home inside great school attendance areas. Of course, you’d love to hit the sweet spot where you can get into a great house with tons of amenities that is also inside a great school district, but be prepared for competition.

Realtor.com just released some new stats that rank the most affordable housing markets with the best schools, and Wylie ISD’s Murphy Middle School attendance area made the charts. It followed Chandler, Ariz., in the No. 10 spot as the top affordable neighborhood with the best middle school campuses. Interestingly, though it’s inside Plano ISD, the homes are located in the little suburb of Murphy, Texas.

The only other Texas town that made the list was Katy, with two of its campuses scoring a spot on the most affordable neighborhoods with the best high schools.

“When searching for a new home, finding something affordable in a good school district with family-friendly features, such as large backyards, tops the list of homebuyer priorities,” said Javier Vivas, manager of economic research for Realtor.com. “These markets offer strong public schools and affordable homes, making them a great fit for homebuyers with elementary school-age children.”

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Realtor.com lists Dallas as its 11th hottest market.

Realtor.com is hailing it the longest inventory decline in two decades. According to a new report from the online property search site, there were 11 percent fewer homes available in June 2016 than the previous year. The drop marks the 24th consecutive month of falling inventory – the longest streak in 20 years. Home prices also reached a new record, selling for 9 percent more than in 2016.  Together, these trends present enormous hurdles for buyers.

Currently, median inventory age in Dallas hovers at only 38 days, well below the national average of 60 days. As the Realtor.com’s 11th hottest real estate market, Dallas feels the strain keenly, but it certainly isn’t alone. “More markets than ever are struggling with inventory problems,” said Javier Vivas, manager of economic research at Realtor.com. “In 80 percent of markets there are fewer homes for sale currently than this time last year.”

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January has been unseasonably active for homebuyers according to data from realtor.com.

January has been unseasonably active for homebuyers according to data from realtor.com.

Winter isn’t exactly your typical home buying season. Most folks are working on their homes, getting them ready to list in the spring. Buyers are scouting neighborhoods, ready to pounce when the market is saturated in March.

However, recent data from realtor.com shows that demand during the month of January remained strong, while low supply has kept prices high.

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Dallas was named the third-hottest real estate market in the country for February, according to Realtor.com. (Graphic: Realtor.com)

Dallas was named the third-hottest real estate market in the country for February, according to Realtor.com. (Graphic: Realtor.com)

It seems like the rest of the world is discovering what we already knew — Dallas is full of tech-savvy buyers who are going online first to start their housing search. Dallas real estate was named the third-hottest U.S. market in February for online home searches, and evidence of that activity is being seen in sales.

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Selling your home can be a complicated project. Here are 25 ways you can make the process easier.

Steve Brown has a snippet on his Biz Beat Blog the other day, saying the brakes are about to be slammed on DFW’s runaway home prices.  This will happen next year.

Which is like in 3 weeks.

A friend in Phoenix is an appraiser, and lived through the mess that the Phoenix/Scottsdale market became during the downturn: it was a really rough ride. He tells me that DFW is regarded as one of the most over-valued, if not THEE MOST over-valued, markets in the nation. Dallas-area home prices are up almost 10% from 2014 levels, and CoreLogic, Inc. says we lead the pack on home price gains. We have not just re-gained the trickle that was lost during the Great recession, we have surpassed it.

So that means, if you sell your home before 2016 hits, you will have timed this market perfectly. At least according to Jonathan Smoke and the folks at Realtor.com, who say we will be cooling our horses in the price gains department: (more…)

midland-odessa real estateThe reports are in for August and it’s not just the temperatures that are hot, hot, hot in Midland-Odessa. The real estate market is ranking among the top performing in the nation.

Realtor.com listed Midland as the No. 8 market in the country—and that’s not the only report about this West Texas market that says it’s doing well.

See the whole story over at MidlandDirt.com!