Dallas-Ft. Worth, TX Real Estate Blog - August, 2016

First-Time Home Buyers in DFW Should Take a Close Look at What Fort Worth Has To Offer

With so many recent headlines touting the North Texas real estate market, job growth in the region, and other economic upward trends, Fort Worth is a city that has quietly flown under the radar in recent months. Located just 32 miles directly west of downtown Dallas, Fort Worth is a place that offers potential home buyers plenty of big city amenities without the overwhelming urban sprawl that sometimes defines larger cities just like its neighbor to the east.  

But while new development and job growth in Ft. Worth may not be quite as prevalent as other cities around the DFW metro area, there’s still plenty of reasons why home buyers should take a closer look at what the Fort Worth real estate market has to offer. Outside of its close proximity to…

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DFW's 3 Largest Residential Projects Currently Under Construction

According to recently reported figures from Dodge Data & Analytics, new construction throughout the DFW region is up 7% from last year with nearly $10.7 billion worth of new development already under construction. 

The year-over-year gain in DFW is especially encouraging given new construction across the United States is actually down 7% according to the same report. 

Large projects, which are defined as having a construction value of $50 million or more, are prevalent all over North Texas, ranging from sprawling corporate campuses to spectacular mixed-use and apartment complexes that are helping accommodate DFW’s red hot rental market that only seems to get stronger as we push through the summer and into the busier fall season. 

Some of…

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A Red Hot August Closes Out a Sizzling Summer For DFW Real Estate

Just when you think the DFW real estate market couldn’t get any hotter, the sizzling month of August has once again broken records. According to national real estate portal realtor.com, homes are only staying on the market in Dallas-Fort Worth-Arlington for 41 days, which is good enough to rank the DFW area near of the top of the website’s latest “Hotness Index,” which tracks the country’s most active markets.  

In fact, only Vallejo-Fairfield, California ranked ahead of DFW in terms of how quickly homes were selling over this past month, which is a market that saw homes last only 37 days on the market before eventually selling.

Overall, the summer of 2016 has been one of the most competitive buying seasons the real estate market as a whole has…

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Home Prices in DFW May Not Be As Bad As You Think

In recent months, there’s certainly been a lot of chatter about the current boom the DFW real estate market is experiencing. On several occasions, we’ve even talked about the dwindling inventory and how prices for both homes and apartments in the Dallas-Fort Worth area continue to rise, especially as more jobs and more people are making their way to North Texas.  

Don’t believe me? See here for example; Or here; Or here. 

But even with a robust job market and the fact that DFW home prices have spiked by nearly 8% halfway through the year, homes for sale in Dallas-Fort Worth are still more affordable than in many other parts of the country. 

According to recently released numbers from the National Association of Realtors' Metropolitan Home…

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DFW's 3 Most Expensive Cities For Renters Right Now

The rental/apartment market in the DFW region has sort of become like the Wild Wild West in terms of housing in North Texas. New developments are being proposed or breaking ground at lightning fast paces, rent prices are seemingly increasing by the month, and finding an available apartment or home for rent has also become as challenging as ever in recent months. 

With the DFW job market red hot and more people moving to the Dallas area every single day, it’s important to be as prepared as possible when seeking out a new place to live. And if you’re someone who plans on shopping for a new apartment or rental in the coming weeks or months, the Dallas Business Journal recently did an excellent job outlining where rents in the DFW metroplex are the…

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Melton Ridge Will Soon Deliver 124 New Homes to McKinney

Although plans regarding McKinney’s new Melton Ridge community were revealed earlier this past spring, more details have been unveiled about this exciting 124-home development. 

According to reports, home sites will finally be ready to build on later this year, which is good news for potential home buyers who have had their eye on this brand new housing development that will be a part of the already-popular Stonebridge Ranch neighborhood. 

Encompassing 29 acres, Melton Ridge will offer future residents everything you could want in a new home, including upscale interior finishes, deep lots with plenty of yard space, and a terrific community atmosphere that will include a creek with mature trees and plenty of walking paths for residents to enjoy…

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Development for 2,800-Home Whitewing Trails Near McKinney Set to Begin in January

The most recent building boom continues in DFW and now developers from Arizona are also starting to capitalize on North Texas’ red hot real estate market. 

According to reports, Mesa-based Macavity Co. recently purchased 860 acres in Collin County and is planning a new 2,800-home community called Whitewing Trails.  

The site, located at Monte Carol Boulevard and FM Road 75 in Princeton, just east of Highway 75, is only about a 10 minute drive to downtown McKinney and just over an hour to downtown Dallas. Along with the residential development, Whitewing Trails is also expected to include a new elementary school and even a new city hall for the city of Princeton, not to mention an abundance of community amenities that range from a network of…

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