A slowdown isn't a bad thing for real estate

The slowdown in the real estate market is more like a shift toward balance for sellers and buyers.

WOW–tremendous responses and feedback on Part I of this real estate slowdown blog topic from last week.  Thanks so much!  Nice to know people are reading, following and giving thought to #tarrantcountytuesday.

Last week we established (with data) that there indeed is a slowdown or market shift in the housing market.  One Dirty Reader asked about this “recession” and I would strongly caution the use of that word.  There’s a big difference from a slowdown to a recession.

Is This Slowdown a Good Thing?

Many have indicated that this shift from a sellers’ market to a buyer-friendly market might actually be a good thing.  I would agree.

As the data indicated, when prices are increasing so quickly, interest rates are going up and individual incomes not keeping pace buyers aren’t buying.  That’s not good for anyone in the real estate business. (more…)

Monterey Colonial architecture is rarely built in Fort Worth

2708 River Forest Drive with its Monterey Colonial style is a memorable home for sure. (photos: Trey Freeze Media)

Monterey Colonial architecture.  What is it and what’s it doing in one of Fort Worth’s most desirable gated communities, River Park?

Originally created when California was under Mexican rule in the mid 1800s, this unique style is characterized by hip roofs and a cantilever balcony that spans the front of the home.

Monterey Colonial Architecture — Cowtown Style

In 2006, Rob Sell, then of Village Homes, designed the home at 2708 River Forest Drive in the gated neighborhood of River Park in true Monterey Colonial manner.  The home has become the most iconic home in River Park due to the rarely seen front exterior design.

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With a name like Hidden Road it better be selective!

Hidden Road in the Rivercrest neighborhood of Fort Worth is a street that needs explaining.

In the Fort Worth high-end luxury market there is a difference between exclusive and… (ahem)… EXCLUSIVE.

It’s one thing for a large home to be in a gated community and have plenty of nice amenities and features and cost a king’s ransom.

It’s another thing for a home to be located on a street whose name alone comes with an understanding of luxury, exclusivity, and being one of a kind.  In Fort Worth, one of those streets is Hidden Road.

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Another year of Tarrant County Tuesday is coming to a close.  In the words of the Grateful Dead song, “What a long strange trip it’s been.

I hope you have enjoyed reading about the homes, neighborhoods and issues I’ve presented in this weekly blog for 2017.  It has been my utmost pleasure helping to showcase the spectacular real estate in Tarrant (and Parker) County.  Now for some awards … remember, no wagering please!

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A Village Homes townhome development from 2006

912 Magnolia Green Drive 3-story townhome in Near Southside    (Photos: Elliot Hicks, Air and Ground Property Photos)

In the mid-2000s, the area of Fort Worth referred to as the Medical District went through a dramatic change. Situated south of Interstate 30, north of the Fairmount neighborhood, bordered by 8th Avenue to Rosedale Avenue, this soon became known as the Near Southside.

At the time there were medical offices, hospitals, and a smattering of other businesses … not many restaurants, nightlife, and certainly not any urban housing options.

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1512 Thomas Place is blocks from Rivercrest Country Club

If homes could talk, 1512 Thomas Place would have lots to share! (Photos: Trey Freeze Media)

If you like reading about homes with an interesting history, this traditional in Rivercrest at 1512 Thomas Place is the home for you!

As one story goes, the original owners of this beautiful 4,192-square-foot home just blocks from Rivercrest Country Club closed on the home November 23, 1963 … let that date soak in for a few seconds. Just one day prior, on November 22, 1963, President John F. Kennedy was shot in Dallas by Lee Harvey Oswald (allegedly).

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1410 Washington Terrace – beautiful home, fantastic location! (photos: Realty Pro Shots)

In this day and age of short attention spans, emojis expressing our inmost thoughts, and novels consisting of 140 character Tweets, I thought I would give a few highlights for  Tarrant County Tuesday.

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Historic Talbott-Wall home as it sits on 1102 Samuels Avenue. (Photos: AP Real Estate Photography)

Imagine Fort Worth in 1903.  From grainy photos I’ve seen, there was a lot of dust, cows, and not much else.  There certainly were not any charming homes that would last 114 years and become historic properties, right?  Wrong.

The 1900 census of Fort Worth showed 26,668 residents, which was up from 1880 when there were 6,663 people living in Cowtown.  The largest building in 1903 was a seven-story building that cost $400,000 to construct. Cowtown in 1903 was a “rail town” — cattle drives and meat packing were the main industry before World War I, World War II, and the oil boom.

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