Dallas-Ft. Worth, TX Real Estate Blog - February, 2015

Dallas Area Home Price Increases Among the Highest in the Nation

If you need more evidence that the DFW real estate market is scorching hot right now, have a look at the latest S&P/Case-Shiller Home Price Index for 2014. According to its year-end report, Dallas-area home prices saw a 7.5 percent increase from 2013 to 2014, or nearly 3 percent higher than home prices nationwide.

With Denver, Miami and San Francisco all seeing between 8 and 10 percent bumps in home prices, Dallas saw the fourth-highest jump in the country among the major 20 markets that Case-Shiller surveys, edging out cities like Las Vegas, Seattle, and Los Angeles.

To date, home prices in the DFW region are now 13 percent higher than what was seen before the recession, and an astounding 30 percent higher since the beginning of 2012.

It’s important to…

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DFW Rent Prices on the Rise, Begging the Question: Is Now a Good Time to Buy?

Believe it or not, nearly 16,000 new apartments are currently under construction in DFW and will be delivered sometime during 2015. But despite the rising numbers in inventory, renters in Dallas-Fort Worth are now paying more than ever for an apartment, and that doesn’t appear to be changing anytime soon.

According to a recent piece in the Dallas Morning News, rent prices in the area were up more than 5% from January 2014 to January 2015, and in Fort Worth, increases in apartment rents have jumped even more at 6.4% from this time last year.

While many different factors come into play as to why DFW’s rental and apartment market is so hot right now, many attribute it’s equally hot job market as perhaps the primary source. Last year, the Dallas-Fort Worth…

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Old Highland Park: Highland Park's Not-So-Hidden Gem

Even if you're not completely familiar with the DFW area in general, chances are you’ve at least heard of Highland Park— one of the ritziest parts not only in Dallas, but in the entire state of Texas.

Low taxes, top-notch schools, and a fabulous park-like setting all help make this an extremely attractive place to call home, and if you’re looking for historic and downright jaw-dropping architecture, many of the mansions and estate homes in Highland Park will leave you absolutely breathless.

Situated within Highland Park is a charming little enclave known as Old Highland Park—easily one of the most spectacular neighborhoods you’ll find just about anywhere, especially in the DFW area.

Bounded by Mockingbird Lane to the north, Airline and the Katy Trail to…

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Dallas' Best Neighborhoods For Luxury Home Buyers in 2015

Along with scores of first-time home buyers looking to test the waters of home ownership in 2015, luxury home buyers are also expected to play a very active role in this year’s real estate market across the country, and that certainly includes the DFW region.

In general, increased demand and low mortgage rates are helping breathe live into the luxury market, and a somewhat limited inventory is helping boost home prices, which are up roughly 6% from 2013. Additionally, according to the Texas Association of Realtors, sales of homes priced at $1 million and above increased by 15% in 2014, with North Texas seeing the second highest luxury home sales increase in the state at a 26% hike from the year prior.

So whether you’re looking to buy immediately or…

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Dallas' Best Loft & Condo Buildings for First-Time Home Buyers in 2015

With Millennials finally looking to enter the housing market as buyers for the first time, 2015 should be a busy year for the DFW real estate market, especially in neighborhoods that offer lots of different options that cater specifically to first-timers wanting to make that long-awaited transition from renting to owning.

It’s no secret that today’s younger generation of home buyers is opting for a more fast-pace, urbanized lifestyle that’s not only more efficient, but also more convenient in terms of nearby amenities, shorter commute times, and various entertainment options. Walkability is a huge factor in deciding which location feels right for young home buyers today, and in downtown Dallas, any number of condo and loft buildings provide that…

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The Hottest Dallas-Fort Worth Neighborhoods in 2015

As we’ve previously alluded to on several different occasions, the real estate market in 2015 looks to be very bright, especially here in the Dallas-Fort Worth area. Inventory should be up and affordability is going to be a key factor due to a wave of home buyers expected to enter home ownership for the very first time.

Over the last 12 to 18 months, we’ve certainly seen more home buyers ditch the suburbs in favor of a more efficient, city-living lifestyle, and in 2015, that trend will continue to some degree, but on a slightly lesser scale. This year, home buyers are still leaning towards that convenient urban model, but instead might look in other parts of the DFW metro area that haven’t jumped in value over the last couple years.

The dramatic…

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The Dallas-Fort Worth Metro Real Estate Market at a Glance

With the Super Bowl now behind us and the busy spring season rapidly approaching, we thought now would be a good time to take a closer look at the overall health of the Dallas-Fort Worth real estate market.

As one might expect, the real estate industry has steadily improved since market downturn back in 2008, but what’s especially encouraging is how dramatic of a turnaround it’s been. For those of us working in the real estate business everyday, it’s sometimes easy to forget the progress that’s been made even from just a couple years ago, but when you look at it on paper, it’s safe to say the market temperature here in DFW is very hot.

To get a better idea of just where the DFW real estate market, stands, have a look at the chart below to get…

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The Best Dallas Neighborhoods For First-Time Home Buyers

Just a couple days ago, we outlined some of the top DFW suburbs for first-time home buyers to consider. Areas with low crime rates, great school systems, increasing home values, and lots of employment opportunities were all highlighted, but as we continue to see younger generations make the transition from renting to owning, city living is becoming more and more popular.
 
Along with the convenience of being closer to restaurants, cafes, grocery stores, and shopping outlets, the urban lifestyle also puts many locals just an ear shout away from their workplace, ultimately cutting down on commute times and making that everyday routine just a little bit simpler.  

In a city as large as Dallas, many different neighborhoods are an attractive option for any…

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