Moving to McKinney TXIf you’re thinking about making a move in 2022, you may want to consider McKinney, TX. In fact, there are several great reasons you should move to the area.

Local economy

The local economy is strong. There are plenty of job opportunities in McKinney, as the city is home to several Fortune 500 companies. The area is also considered one of the nation’s fastest growing cities and is a past winner of Money Magazine’s “Best Places to Live in America”.

Things to do

There are plenty of things to do in McKinney, too. From shopping centers and restaurants to area parks and movie theaters, the city is fun for the entire family. While it may be close to some of the advantages of a bigger city lifestyle, this Dallas suburb has more of a small-town vibe.

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Higher rents in DFW; time to buy a home?While homes prices are up in North Texas, it seems the new year will likely also bring higher rents. Despite being ahead of most of the country in terms of apartment construction, rapid growth in North Texas appears likely to keep putting pressure on supply.

In 2020 alone, the Dallas-Fort Worth area added almost another 120,000 residents. That makes the region a leader in population growth. It doesn’t help either that rising single-family home prices are forcing some buyers to the rental market.

Some economists are already predicting rent prices in the Dallas-Fort Worth area will rise more than five-percent this year. The Marcus & Millichap investment forecast report suggests the average rent will be around $1,395 per month.

If it happens, it will mark the…

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North Texas Home Prices on the RiseIt seems rising home prices in North Texas won’t be getting relief anytime soon. A new report from shows soaring prices and a limited supply for prospective buyers to even choose from.   

The latest figures show the median home listing price in Dallas-Fort Worth hit a record $400,000, which was up more than 14-percent, year-over-year. At the same time, home inventory levels remained extremely low.

Compared to last January, the number of homes listed by real estate agents in the region this January was down by nearly 40-percent. On average, it’s taking homes in North Texas about 43 days to sell. 

North Texas isn’t alone. The trend of higher home prices and lower inventory seems to be happening across the nation.

When comparing the…

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New apartments could be headed next door to the Mockingbird rail station in Dallas. The site for the new apartment tower sits just adjacent to the DART stop, and just east of US 75 and Southern Methodist University. 

Plans call for the new apartments to be built on 16-acres of an existing DART surface parking lot. When finished, the site could include more than 400 new apartments. 

A couple of years ago, DART signed off on a 99-year land lease with the developer. The developer now wants tax help from the city to pay for public infrastructure improvements and to allow for affordable rental units.

For its part, the developer has to construct a 500-vehicle parking garage to replace DART’s existing parking lot. City filings detail the project has to…

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Flexible Office SpaceThose looking for more flexible office space may want to take their search to the Dallas-Fort Worth area. It recently took one of the top spots when it comes to the nation’s largest co-working and flexible office markets.

Dallas-Fort Worth came in at number two, behind only Manhattan in relation to the number of short-term offices. The ranking is part of a new report by CBRE Group, a commercial real estate services and investment firm.

North Texas now has more than five-million square feet of office flex space. That includes short-term rentals, shared office and co-working space. 

Overall, flexible office space is barely more than two-percent of the total local office space in Dallas-Fort Worth. Even so, it’s enough to give Dallas-Fort Worth more…

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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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