Dallas Fort Worth Real Estate Blog

If you can’t figure out why the DFW housing market continues to remain so strong, consider the fact that industrial leasing all over our region set a new record in 2016. And in a nutshell, more industrial leasing means more jobs; and more jobs equal a much stronger demand for homes, condos, and apartments. 

According to a report released by commercial property firm CBRE, over 25 million square feet of net warehouse and industrial property was leased around DFW in 2016, which as mentioned is a record high. And as first reported by the Dallas Morning News, that’s 2.6 million more square feet than the previous record, which was recorded all the way back in 1999. 

Southern Dallas County saw the largest growth in warehouse and industrial leasing,

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It’s been one of the most active years on record for the DFW apartment market and the end of the year showed no signs of a slowdown according to recently released data from MPF Research. According to the numbers, North Texas saw 10,485 units leased over the fourth quarter of 2016, which is the highest demand every recored over the fourth quarter of any given year. 

The end-of-the-year spike helped elevate the net leasing total for all of 2016 to just over 27,120 units, which is a major jump compared to 2015’s total of just 17,000 units leased. As noted by MPF, DFW now claims the country’s top spot for apartment demand, which can largely be attributed to the region’s incredible job growth and employment opportunities that have continued to help feed

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Uptown’s current development appears to be transitioning into the new year quite nicely as reports have surfaced about another 18-story residential being officially approved for what’s arguably the hottest neighborhood in Dallas. 

Being developed by Mockingbird Venture Partners LLC and M&M Venture LLC, the new tower will be takeover the site of Idle Rich Pub over at McKinney and Boll Street and feature 118 apartment residences once finished.  

Along with all the upscale rental spaces, the project is also reported to include a restaurant on the ground level and a fitness center on the second floor, as well as underground parking for both the retail space and for residents living inside the building. 

While impressive on many different levels,

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Over the course of 2016, the DFW and North Texas real estate market reached all-time highs in home prices and commercial sales, which has been largely fueled by the region’s incredible job growth over the past 12 to 18 months. Some industry experts are comparing 2016 to the insane development boom of the 1980s, only on somewhat of a more sustainable level.  

Both Fort Worth and Dallas each saw demand rise substantially for both apartments and high-rise office space, and that’s a trend that will likely carry-over into the beginning of the new year and likely beyond. But as 2017 approaches, many are starting to wonder just how much longer will this robust real estate market last? 

For young and first-time home buyers, increasing mortgage rates

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Although North Texas has gotten plenty of headlines regarding job and population growth over the last 12 months, 2016 has been a pretty good year for the entire Lone Star State as a whole.  

According to a recent release from realtor.com, each of the top 10 most searched locations in the U.S. this year were in Texas, with 18 of the top 20 also being right here in-state. 

Topping the list was the Waco and Woodway communities, while Carrollton, Hurst, Bedford, Plano, Dallas, and Arlington helped round out the top 10. 

Noted in the release is that popular cable TV show Fixer Upper undoubtedly contributed to how much Waco was searched throughout the year, but here in North Texas, many searching for active homes for sale or rent were real buyers

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Rent Price Gains in DFW in 2017

If you’re thinking about making the move to Dallas-Fort Worth in 2017, there’s good news on the horizon, especially if you’re looking to rent rather than buy. With so many jobs making their way to North Texas over the past 12 to 18 months, housing is in very high demand and both rent and home prices have also been on the rise recently. 

But according to a recent analysis from Axiometrics, supply might finally be catching up to demand when it comes to apartments and rentals in DFW, which means the rise in rent prices could finally see somewhat of a slowdown as early as next year. 

Axiometrics, which is a research and analytics firm that specializes in apartments and student housing, suggests that new supply should reach its peak for this current

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The apartment market all over DFW is about as active as it’s ever been, and that certainly includes rentals in and around Fort Worth. Just recently brought to market is a new boutique-style apartment community dubbed Magnolia Park, which offers just about everything you could want in a new place to live in Fort Worth. 

Located at 2901 W. 5th Street, Magnolia Park sits just south of Linwood Park, and only blocks from a plethora of shopping and dining options along 7th Street. Inside, apartments for rent at Magnolia Park feature roomy floor plans, a state-of-the-art technology package with built-in speakers and Schlage® keyless entry locks, professionally designed closets, premium kitchen appliances, and high-end bathroom surrounds.  

Apartments

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Townhomes and new construction development in general are both red hot right now in the DFW area, which is why McKinney’s new Provence townhouse community is such a special opportunity for suburban home buyers to consider. Located just 15 minutes outside of McKinney’s historic downtown, Provence features 80 of the most elegant and desirable townhouse residences you’ll find just about anywhere in the region, presenting anybody looking for a new, upscale place to live with lots of various options. 

The French Provincial-inspired design and ambiance of the community provides a certain element of luxury and prestige that’s hard to capture in today’s new construction, but developers of Provence did a masterful job at building what many consider to be

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Early last month, reports surfaced about Alamo Manhattan finally getting underway on the new Bishop Arts Station mixed-use development, which is easily the largest such project to hit the Bishop Arts District neighborhood in recent memory. 

Developers first obtained approval for the new project back in March, but working to meet the standards of the Urban Design Peer Review Panel has somewhat slowed progress a bit since early summer.  

In addition, as part of the approval, Alamo Manhattan received $11.75 million in tax increment financing, but as part of the agreement, the development must also include a mixed-income residential portion, which could result in 20% of its units remaining affordable for the next 15 years. 

According to Alamo

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Bryon Place Neighborhood

With the Dallas real estate market being so red hot in recent months, it’s becoming harder and harder for home buyers to identify hidden gems that not only provide desirable housing options, but also great deals on a new home or condo as well. Among some of the few spots in Dallas that still might be considered a “hidden gem” is the one-and-only Bryan Place—a small community that sits just east of the Arts District and just north of the highly-sought after Deep Ellum neighborhood. 

Originally described as a “stylish downtown neighborhood” that rests in the shadows of the Dallas skyline, you might think Bryan Place has more of a trendy urban look and feel to it given its close proximity to the Arts District and Deep Ellum. Instead, however, Bryan

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