New Dallas apartments offer a view that won’t go out of style

By STEVE BROWN / The Dallas Morning News

From the upper floors of the Heights at Park Lane apartment tower, you can see the Dallas skyline and – on a clear day – even make out downtown Fort Worth.But the best view is of the big Macy’s, Nordstrom and Dillard’s department store signs just across North Central Expressway at NorthPark Center mall.

“We are within walking distance of 3 million square feet of retail space,” said Bryant Nail, senior development officer for builder PM Realty Group. “There is really nothing like this in Dallas.”

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Survey: More buyers interested in foreclosed homes

By STEVE BROWN / The Dallas Morning News

With home foreclosures soaring in most parts of the country, the number of interested buyers of these properties is growing.

More than half – 55 percent - of Americans quizzed for a new survey said they would consider purchasing a previously foreclosed house. That’s up significantly in the last
few months, according to the survey which was done by Harris Interactive.

The survey of almost 2,400 consumers was done in early May for Internet real estate firms Trulia.com and RealtyTrac.

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Dallas foreclosure auction buyers finding bargains

By STEVE BROWN / The Dallas Morning News

Buyers of foreclosed properties are getting big bargains, according to a new report.

Properties bought at foreclosure auctions in North and Central Texas sold for an average of 64 cents on the dollar, according to a new report by Addison-based Foreclosure Listing Service.

Still, not many consumers are buying those properties on the courthouse steps. Most are third-party buyers or lenders.

In Dallas County this month, only 36 of the more than 700 properties sold at foreclosure auction went to outside buyers. In Tarrant County, it was 29 out of 521.

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What’s on Dallas real estate investors’ minds? Lots!

April 17, 2009

By STEVE BROWN / The Dallas Morning News

The biggest homebuilding slowdown on record has left the Dallas-Fort Worth area with lots of empty lots.

How many? Enough to last more than five years, according to the latest estimates.

“Home starts have declined almost 67 percent while the lot supply has fallen only 2 percent,” said local housing analyst Ted Wilson.

For investors, those unwanted properties offer the potential for profit.

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Dallas-area home prices fall nearly 5%

A few years ago, news of a 5 percent drop in Dallas home prices would have caused blood to run cold in the local real estate market.But in the current national housing market depression, Dallas’ price decline is being hailed as the best in the country.

Dallas had the smallest home price decline among 20 cities in the January Standard & Poor’s/Case-Shiller Home Price Index.

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Survey shows Dallas-area home prices gained nearly 2%

By STEVE BROWN / The Dallas Morning News
Most Texas home markets continued to eke out tiny increases in home prices in early 2009, according to a new report by First American CoreLogic.

Texas home prices were up by just less than 2 percent in the California-based housing analystÂ’s latest survey released Monday.

While Texas prices rose, nationwide home prices in January fell by 11.6 percent compared to a year ago to the lowest level in almost five years.

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Dallas County commercial property sales hit a low in 2008

By STEVE BROWN / The Dallas Morning News
As usual, you can blame the credit crunch.

Commercial property sales in the Dallas area fell to the lowest level on record in 2008 as investors were cut off from loans and the worsening economy took its toll.

In Dallas County, only 1,434 commercial properties changed hands last year, a 32 percent drop from 2007 sales, according to statistics from Addison-based Roddy Information Services.

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Dallas community calendar

AREA

GriefWorks offers anticipatory grief support services to children ages 5 to 18 and their family members who are dealing with an anticipated death of a loved one. The center is at 6320 LBJ Freeway, Suite 126. To schedule an appointment, call 972-960-9981.

Academic Year in America, a program of the AIFS Foundation, Foreign Exchange Program, seeks host families for August to host foreign exchange students for five or 10 months. Families may choose the student, country and time of hosting. Students have their own insurance, spending money, clothes and personal products. Contact Dorothy Brown at 214-762-1418 or dorothybrown34@aol.com.

DOWNTOWN

The Black Academy of Arts and Letters presents “Comedy Night at the Muse” featuring comedian B-Phlat at 9 p.m. Friday and Saturday at the Dallas Convention Center theater complex. Tickets are $15. Call 214-743-2400 or visit www.tbaal.org.

Dallas Genealogical Society presents a seminar on Irish genealogy led by Paul Milner from 9:30 a.m. to 4:45 p.m. Saturday at the J. Erik Jonsson Central Library, 1515 Young St. Voicemail, 1-866-968-2347 or www.dallasgenealogy.org.

The Dallas Museum of Art celebrates Black History Month with a lecture, Ancient Egypt and Africa/Egypt in Africa, at 1 p.m. Saturday. Vicki Meek, manager of the South Dallas Cultural Center, and internationally renowned biological anthropologists Michael Blakey, College of William & Mary, and Shomarka Keita, Smithsonian Institution, will lead discussion on the ancient Egyptians and the newest technology being used to research the civilizations of ancient Africa. $15; discounts available for members, seniors and students. Reservations required. For tickets, call 214-922-1826. For details on all Black History Month programs at the museum, visit dallasmuseumofart.org.

The Old Red Museum of Dallas County History and Culture will present “Your Dallas: Carrollton Connections,” an exhibit on Carrollton’s history and development, through May 10. The exhibit, second in a series on Dallas County’s cities and towns, may be viewed in the first-floor gallery of the museum, 100 S. Houston St. The exhibit entry is included in general museum admission or available separately for $3 for adults and $1 for children. The museum is open from 9 a.m. to 5 p.m. daily. For group reservations, call 214-745-1100. www.oldred.org.

Dallas-area home prices a mixed bag in fourth quarter

By STEVE BROWN / The Dallas Morning News
Feb 25, 2009

So whom do you believe?

Dallas-area home prices were down 4.3 percent in the fourth quarter of 2008 from a year earlier, according to the latest Standard & Poor’s/Case-Shiller Home Price Index.

But just minutes after Case-Shiller disclosed its estimates for the area Tuesday morning, home market analysts at the Federal Housing Finance Agency said prices in the Dallas area were up 1.86 percent in the fourth quarter compared with a year ago.

Two weeks ago, another closely watched report from the National Association of Realtors said area home prices were down 4.8 percent percent in the fourth quarter.

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Dallas-Fort Worth area to have new warning guidelines for storm emergencies

February 24, 2009

By BLANCA CANTÚ / The Dallas Morning News

North Texas emergency officials announced new guidelines on Monday for outdoor warning systems to establish a standard for notifying residents of severe weather and other potentially catastrophic events across the region.

The North Central Texas Council of Governments formally unveiled the recommendations to kick off severe weather awareness week. Outdoor warning systems are typically referred to as tornado sirens but can be activated for other reasons.

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