buyer-friendlyHow big of a shift to a more buyer-friendly housing market did DFW make? What locals were appointed to a TREC advisory committee? What is MetroTex up to?

We have all this and more with this week’s roundup of real estate news.

Market Shifts to Buyer-Friendly

As DOM and days of inventory begin to lengthen slightly, the housing market in North Texas has shifted — slightly — to a more buyer-friendly one, research by Trulia revealed.

“Beyond the pricey West Coast, markets including Denver and Dallas – both often destinations for those moving away from the West Coast – have also shifted in favor of buyers over the past year, though less dramatically,” the report said. (more…)

live at homeWhere did Dallas fall in a study of adult children living at home with their parents? What cities will dominate new home construction this year? What did housing sales look like in February?

We have all this and more in this week’s roundup of real estate news. (more…)

Cowboys

Stephen Jones (far right) introduces his father and Dallas Cowboys owner Jerry Jones, who announced a first-of-its-kind luxury high-rise project that would combine the team’s brand with a luxury residential concept. From left to right, Robert Shaw, Charlotte Jones Anderson, Roger Staubach, Jerry Jones, and Stephen Jones (Photo by Bethany Erickson).

Twelve Cowboys Way is no joke, but legendary Dallas Cowboys quarterback Staubach did admit he had pulled an April Fools prank already Monday morning — on his unsuspecting wife.

“I was getting ready to come here today, and I woke up my wife and said, ‘Honey, honey! There’s a bunch of squirrels in the house,’” Staubach said with a fair amount of glee. “She woke up yelling, ‘What? What!’ — so I got my joke in already.”

And while they may have chuckled when asked if they worried an announcement as big as a new residential high-rise concept co-branded with a sports team might be treated with a little skepticism because of the timing — the middle of April Fools Day — Robert Shaw and Roger Staubach are serious about the project.

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IrvingWhen Britta Stanton bought the home she and her four children would move into after her divorce a few years ago, she didn’t think she’d ever move again — she loves her home in Irving that much.

“I thought I would never move, I decorated it like I would never move, and now I’m moving,” she said, with a chuckle.

But with good reason — Stanton got married yesterday, and while her fiance loved the home too, she suggested that they at least go look at something they could buy together for their newly blended family.

“When my fiance and I were talking about this house, I said, ‘Let’s just go look at other houses just to make sure we both choose together,’ because I picked this house out myself,” she said. “And he was like, ‘No, I love your house.’”

So that seemed somewhat settled, because Stanton loved her house, too. But then she discovered that a brand new development was going in right behind her children’s school (they go to Uplift North Hills), which is a kindergarten through 12th-grade charter school — which means that a home closer to it makes for a friendlier commute for all four children right up until college. (more…)

seppes
 
As we may have mentioned, it’s real estate awards season. By now, you must have heard of The Seppes, an evening gala to top all galas, otherwise known as JP & Associates annual black-tie awards.
 
JP & Associates is one of the hottest real estate stories in North Texas. A story that is so big, it’s quickly becoming a national story, as JPAR gains recognition from industry heavyweights such as REAL TRENDS, Inman, the Inc. 5000, and more as one of the top 100 real estate brokerages in the US.
 
Founded by Giuseppe “JP” Piccinini in Frisco, JPAR is a full-service transaction-based real estate brokerage firm specializing in real estate sales and marketing services. With more than 1500 agents (growing daily), 21 offices and $2.6 billion in sales in 2018, JPAR operates multiple offices across Texas, Louisiana, South Carolina, and Florida. It is the largest independent and privately held brokerage in Texas, and third in DFW for home sales. 
 
Now offering health insurance and other corporate benefits for agents, JPAR is also offering franchising opportunities for entrepreneurial real estate professionals.

“Our model – a full-service brokerage with a capped transaction fee, a productivity standard, and a service-based culture – is resonating with agents and consumers alike,” said Mark Johnson, JPAR Chief Operating Officer. “We have built a top producers dream and a culture that supports the emerging trend of teams.”

The fifth annual Seppe Awards gala took place this year on Sunday, Feb. 17, at Gilley’s in The Cedars. Every square molecule of the venue’s 91,000 square feet was packed with JPAR agents, friends and supporters. The Seppes have grown sequentially, and this year I estimate at least 1,500 were celebrating, dressed to the nines, and rocking to the band Emerald City.
 
And to think the very first Seppes took place in JP’s living room five years ago!
 
Nicknamed Seppe (short for Giuseppe, JP Giuseppe’s legal name), the 5th  Annual Seppe’s Awards did not disappoint. The surprise comes at about 11:00 pm flor those who are still dancing (most everyone): Waffle House! Last year, it was Whataburger. What will it be next year? Jump for this years winners and more fantastic photos of an evening that exceeded expectations…
 

Giuseppe “JP” and Lauren Piccinini

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Photo courtesy Wikimedia Commons

More and more people are choosing to rent, economists are finding, but Apartment List found in a recent study that one particular — and somewhat surprising — segment of the rental market is booming: high-income renters.

The report deems those with six-figure incomes as high-income renters, and a growing number in this income bracket are choosing to rent their homes instead of buying. On a national basis, almost two million (or 48 percent of) high-income households became renters between 2007 and 2017.

“In Dallas specifically, high-income renters grew 91 percent from 2008-2017,” said Apartment List research associate Rob Warnock.

Why? At least in Dallas, it may be the sheer volume of luxury apartments available. (more…)

housing affordabilityFrom staff reports

Although housing affordability is at an all-time low in Dallas, home price appreciation has decelerated recently, the latest report from the Federal Reserve Bank of Dallas revealed.

The report, released March 14, also revealed that Dallas-Fort Worth employment grew by 2.5 percent in 2018.

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Fathom Realty CEO Josh Harley (Photo courtesy Fathom Realty).

From staff reports

McKinney-based Fathom Realty announced last week that it would begin working towards taking the company public, saying it would file documents for an initial public offering with the Securities and Exchange Commission in the second quarter of 2019.

The cloud-based, 100 percent commission brokerage said it will submit a Form S-1 with the SEC to begin the process of publicly listing its common stock. (more…)