While some jobs went away in early 2020, the Dallas-Fort Worth area is currently seeing some big gains when it comes to construction jobs. According to some of the latest figures from the Associated General Contractors of America, the region’s building sector saw a gain of 7,400 jobs this past December, when compared to the previous December. 

The Dallas area alone saw about 5,800 of those new construction jobs. That’s significant, because 2020 saw a loss of 4,000 jobs. 

For those keeping tabs on the market, the numbers probably aren’t too surprising. With a 45-percent increase in residential and commercial construction starts, North Texas was the nation’s second busiest market for building in the entire nation last year.

As for the addition of…

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Uptown Dallas Highrise at 2811 Maple TowerThe new Uptown Dallas luxury high-rise apartment at 2811 Maple Tower received the green light by Developers and the 300,000 square foot building is planned to be completed by 2024.  Crescent real estate has been working on the new high-rise apartments in Dallas, TX since 2018 which will be located between the landmark Stoneleigh Hotel and the Crescent on Maple Avenue near Cedar Springs Rd.

The new 30-story highrise at 2811 Maple Tower is planned to feature 200 highrise rental homes that will replace previous commercial building space.  The new luxury highrise in Uptown Dallas will also feature a third-floor pool deck along with underground parking.

For more information on luxury high-rises in Uptown Dallas, contact one of our urban Realtors. 

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DFW Single-Family Home Permits For at least four months in a row, single-family home construction permits have been down in the Dallas-Fort Worth area. The latest figures come from November 2021.

In November, construction permits for single-family homes were down about 3.7-percent, year-over-year. According to Texas real estate data, builders secured construction permits to start more than 3,500 new homes.

Part of the problem is a large number of sold new construction homes in the region that still aren’t completed. Builders are still dealing with supply chain issues and some labor shortages. If they aren’t able to even start some of the new construction homes for a few months, they’re less likely to be taking on a high number of new construction permits. 

Even with four…

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DFW Home Prices on the Rise in 2022?It’s a new year, but that may not mean much change in terms of rising home prices in the Dallas-Fort Worth area. While the price gains in 2022 may not be as bad as they’ve been in recent time, price increases could likely continue in the foreseeable future.

Some experts say home prices have gone so high, they may start seeing decreased demand. Still, the housing market remains tight and it should still be a strong year for home sales.

Homebuilders in the region have already increased construction to help meet the demand, but they’re selling homes at a fast rate. The median sales price for single-family homes in North Texas is already up considerably over what it was a few years ago.

Apartment rents are also up, but renters could likely see some…

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New Downtown Dallas Towers Coming SoonDowntown Dallas is on track to welcome in three new towers, including hundreds of new apartments, tens of thousands of square feet of retail space and a large office building. The project is slated for one of the area’s largest vacant properties.

An Atlanta-based real estate developer recently purchased about five-acres just across from the Arts District at Ross Avenue and Routh Street. One of the new buildings is an office tower, while the other two buildings will be residential towers.

When finished, the site will include 45,000 square feet of retail space, 700 new apartments and an office building. Originally, the land was slated for another large tower that was going to be part of a larger complex, but that project fizzled out.

Work on the…

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If you’re in the market for a townhouse, here are some of the top communities in Frisco, TX right now:

Frisco Springs

Frisco Springs is a townhouse community with a swimming pool, walking trails and playgrounds. Located at North County Road and Eldorado Parkway, the master-planned community sits close to what buyers need and want in the Frisco area. The two-story townhomes typically include two- to three-bedrooms, 2.5-baths and a two-car garage.

Park Vista

Park Vista is a townhome community with a dog park, sports courts and traditional parks. As for the two-story townhomes, they come with two- to three-bedrooms, 2.5-baths and a two-car garage. Buyers will additionally find things like a kitchen island, a private owner’s suite and other…

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Luxury Homes For Sale in Southlake, TXIn a recent study by yardi.com together with storagecafe.com, Southlake was selected as the best suburb with a city feel in the U.S. Living here means you get plenty of space, safe streets and good schools, plus an excellent mix of lifestyle-oriented amenities.

Southlake, TX was selected as the best suburb with city feel in the U.S based on the following criteria:

  • The local median household income
  • Housing affordability index, an indicator that shows the local housing cost – both rents and home values – related to income
  • Local employment opportunities (businesses/1,000 people) and their corresponding average wage
  • Population density measured as people per square mile
  • The number of retail stores and restaurants per 1,000 of the local…

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DFW Homes Selling Above List PriceIf you’re in the market for a new home in Dallas-Fort Worth, you may want to prepare to pay more. For much of the year already, homes in the area have sold, on average, about two-percent higher than asking price.

In Dallas-Fort Worth, nearly 54-percent of homes sold above list price during the first nine months of 2021. It’s happening despite the fact home prices are also up. In the Dallas area, home prices are up about 25-percent year-over-year.

Dallas isn’t alone. The metro is just one of more than two-dozen of the nation’s largest metro areas seeing homes sell for more than the asking price. Homes are seeing the largest bump over list price in the California cities of San Jose and San Francisco, where about 75-percent of homes are selling over…

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DFW Home Prices CoolingHousing prices in Texas are starting to cool again after a run-up likely tied to the pandemic. Even so, prices could continue to keep climbing in the near future.

From late 2020 through much of 2021, the median house price soared in some of the state’s largest cities. Austin led the pack with prices up more than $97,000 between September 2020 and September 2021.

Just a few months ago, the median house price in Austin was $448,000, which was up from around $350,000 a year earlier. It was much the same in the Dallas/Fort Worth market, which saw a $51,000 boost in median home prices.

The median house price went up about $39,000 in both Houston and San Antonio between September 2020 and September 2021. For most of these cities, median home prices hit…

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Frisco Real Estate The real estate market in Frisco is red hot right now, thanks in part to a supply shortage and a lot of competition. While the housing market is described as very strong across all of North Texas right now, Frisco appears to be outperforming the rest. 

Currently, Frisco is a hotter market than neighboring Dallas, Plano, Allen and McKinney. Some of that’s credited to a supply shortage in Frisco’s residential market. 

That’s true in terms of homes for sale, rent and lease. Along with a fewer number of existing residential units, the city is also seeing a low number of available lots for building new homes. 

Some say the current market is the strongest leasing market they’ve ever seen, as there aren’t even enough homes coming on the market to cover…

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