Dallas-Ft. Worth, TX Real Estate Blog - Real Estate Market News

Despite Rising Home Prices, WSJ Considers DFW Market Sustainable

DFW Housing Market Update - 10/28/2022:  The Dallas Fort Worth, TX real estate market still remains one of the strongest markets across the U.S. as mortgage rates reach an all time high and rise above 7%, the highest mortgage rates have been in the U.S for over 20 years since 2002!  DFW housing Inventory remains low but rising and a decline in home prices for both resale and new construction single family and condominiums is signaling a return to a strong buyer's market in the DFW Metroplex heading into 2023.

April 25th 2022:  In case you haven’t noticed lately, buzzwords like “crash” and “bubble” have been used more often than not when discussing the real estate market in general, and especially here in DFW, where the market continues to be red…

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Another Big Company is Moving Its Headquarters to North Texas

Another big company just added its name to the list of companies moving to Texas. Caterpillar Inc produces construction and mining equipment and has had a home in Illinois for more than 100 years. 

Although the company has had some type of presence in the State of Texas for more than a half-century, the majority of its employees still reside in Illinois. Moving its headquarters from Deerfield to Irving is expected to affect 230 jobs.  

The company hopes it will improve its global access and help attract new talent in the future. The company also credits the region for its high-quality schools and for having a range of different housing prices. 

Last year, Caterpillar announced it was putting its Electric Power division in Irving. That section of…

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New 336-Unit Apartment Community Coming to Southwest Dallas

A new apartment community is headed to Southwest Dallas, according to new reports. Being developed by Miami-based Resia LLC, the project is expected to include 336 units and be positioned right next to the Dallas National Golf Club. 

Approximately 17 percent of the apartments will be affordable units, and the development will be Resia’s first multi-family project in the DFW market. 

With population increases and more companies moving to North Texas, the demand for rental units is only expected to grow heading into 2023 and beyond. In fact, Resia already plans to build 8,000 more apartments nationwide by 2025. 

As for the 336-unit Dallas project, plans call for eight three-story, garden style apartment buildings, which will also include a business…

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Dallas-Fort Worth Builders Push To Meet Housing Demand

Home builders in the Dallas-Fort Worth area are doing what they can to try and better meet housing demand. The beginning of the year saw a slight increase in new home construction starts, even despite ongoing labor issues and the high cost of materials.

There were more than 15,000 new construction home starts in the first quarter of the year. That’s up more than four percent when compared to last year. 

Despite this, the housing market in the Dallas-Fort Worth area still faces many challenges. There are a number of people interested in buying a new home, but at the same time, the area is dealing with a shortage of new construction homes for sale.

According to MLS data, the existing home inventory this March in North Texas was only about 2,400…

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Top 3 Reasons You Should Move to McKinney, TX

If 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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Cleburne, TX New Construction Communities Worth Consideration Right Now

New development is on the rise all throughout DFW and if you're specifically looking for a home in the city of Cleburne, here's where you'll find some of the area's hottest new construction homes...

Belclaire

Close to golf, the lake, parks and more, it’s certainly worth considering the new construction community of Belclaire. Buyers in this Cleburne community have nearly a dozen different DR Horton floor plans to consider, with one- and two-story layouts. Typical homes in Belclaire range from around 1,600 to 2,800 square feet of living space. 

Belle Meadows

Belle Meadows is another new construction community that’s definitely worth a second look. New homes in Belle Meadows commonly offer three-bedrooms and at least 2,100 square feet of living…

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Insights Into The 2021 Housing Market

2021 is officially upon us. But how, exactly, is the new year shaping up through the lens of real estate?

HomeLight’s Top Agent Insights Q4 2020 Report surveyed over 1,000 real estate agents for their insights into the 2021 housing market, including:

• Lack of inventory will continue to pose challenges in 2021. A lack of homes for sale presented one of the biggest challenges for buyers in 2020—and at 20.5 percent, a continued lack of inventory is the factor most agents cited as their pick for the biggest influence on the 2021 housing market.
• Remote work will continue to influence the real estate market. Low inventory will have a big impact on the market—but so will remote work. 14.5 percent of agents surveyed said the shift to remote work will…

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Dallas Among Top Cities For Working At Home

Two Texas metros have topped the list for best cities suited for working at home, according to InMyArea.com, a Los Angeles-based company that compares home services available in markets all over the U.S. 

Based on technology and housing resources, the study concluded that Dallas and San Antonio scored the highest when it comes to how easy it is to work from home—something that has become much more significant to today’s workers due to the on-going pandemic. 

According to InMyArea.com's research, which involved analyzing over 800 communities across the country, low housing costs and access to high-speed internet helped both Texas cities score well and rank ahead of other top cities like Miami and Chicago specifically. 

Kastle Systems reported that…

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DFW Homes Selling Above Ask Price With Bidding Wars Fueling Hot Seller Market

The DFW home seller market is on fire right now with over 98% of homes in North Texas selling above listing price.  Low inventory has ignited bidding wars on homes for sale in the Dallas-Fort Worth, TX real estate market resulting in a hot seller market in DFW with rising home values and elevated price points for new home buyers.  A shortage of available homes for sale in the DFW housing market combined with low interest rates and rising home values has created a unique opportunity for both buyers and sellers to jump off the fence and make the move!  Home sellers are particularly in an optimal position to sell and upgrade due to low days on market and the ability to maximize profit on their initial home investment and use those gains to purchase in…

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These Pandemic-Inspired Home Trends Are Here To Stay

The COVID-19 pandemic has changed what many people are looking for in their homes—and, as such, it’s shifted major home and design trends.

And it looks like many of those trends are going to continue long after the pandemic is over.

A recent article from realtor.com outlined the pandemic-related housing and design trends that are likely to stick around post-COVID, including:

• A shift to the suburbs. Many city dwellers are leaving crowded urban areas in search of more space in the suburbs—and now that more companies are going remote (and workers aren’t tied to any particular city), it’s likely that trend is going to continue.
• Clean and cozy design. People are spending more time at home than ever before—and they’re trying to make their homes…

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