Forbes Names McKinney, TX 9th Best Place to Live in US
Filed under: Dallas News, McKinney, North Dallas Cities, Real Estate, Texas News
July 13, 2009 - Pegasus News - McKinney was recently named as one of the 25 Best Places to Move in the country by Forbes.com, coming in at #9. Out of the list of 25, six cities are in the Dallas metropolitan area, including Flower Mound at #6, Frisco at #7, McKinney at #9, Carrollton at #12, Allen at #19, and Plano at #25.
New Dallas apartments offer a view that won’t go out of style
Filed under: Dallas County, Dallas Neighborhoods, Dallas News, North Dallas Cities, Real Estate, Texas News
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.”
Survey: More buyers interested in foreclosed homes
Filed under: Dallas County, Dallas News, Economy, Real Estate, Texas News
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.
Far North Dallas homes offer distinctive features
Filed under: Collin County, Dallas Neighborhoods, Dallas News, Luxury Homes, North Dallas Cities, Real Estate
Award-winning Cambridge Homes presents Cambridge Gate, a secluded, gated enclave of luxury patio homes located on the west side of Preston Road, just north of Frankford.
Widely recognized for fine design, Cambridge Homes specializes in creating carefree “adult lifestyle” homes. According to Phyllis Firebaugh, sales manager for Cambridge Homes, “These beautiful patio homes are designed for discerning adults of experience and taste. They love the fact that they don’t have to give up fine quality and excellent design just because they no longer need large numbers of rooms”.
Cambridge’s award-winning, carefree patio home designs range in price from the $300s to the $800s. The Designer Model Home at 6169 Stapleford is open from noon to dusk daily or by appointment.
For additional information about Cambridge Gate, call 469-446-2885 or visit www.cambridgehomes.biz.
Dallas foreclosure auction buyers finding bargains
Filed under: Dallas County, Dallas News, Foreclosures, North Dallas Cities, Real Estate, Texas News
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.
What’s on Dallas real estate investors’ minds? Lots!
Filed under: Dallas County, Dallas News, Real Estate, Texas News
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.
Survey shows Dallas-area home prices gained nearly 2%
Filed under: Dallas County, Dallas News, Economy, North Dallas Cities, Texas 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.
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 analyst’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.
Dallas County commercial property sales hit a low in 2008
Filed under: Dallas County, Dallas News, Economy, Texas 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.
Home sales, outlook getting better
Austin Business Journal
A February survey of public and private builders across the country from John Burns Real Estate Consulting shows that Texas saw new home sales, traffic and expectations pick up in January. The survey gathered information from 236 home building industry executives.
“I spent several days in Texas this month and can confirm that the pick-up is real and is driven by lower mortgage rates in an area where home price appreciation was insignificant and the economy is still OK,” said John Burns, CEO of Irvine, Calif.-based John Burns Real Estate Consulting.
However, Burns said, new home prices are still trending downward everywhere, including Texas.
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