Displaying blog entries 61-70 of 83
Freddie Mac's chief economist looks back & reexamines their 2014 predictions! Click here to read. It is a great review of the US Housing Data from 2014.
Their 2015 predictions can also be found here!
- Christie Cannon
Have you heard what has been going on in McKinney? McKinney is growing and has been named #1 Best Place to Live in America! Check out these great videos showcasing everything McKinney has to offer.
One of the top financial ratings firms, Fitch Ratings, is blowing the whistle on Texas' hot housing market. Home sale prices in the Dallas-Fort Worth area are at record levels this year and Fitch Ratings warns that Texas home prices are about 11 percent overvalued. A lack of homes available for purchase coupled with North Texas' fast-growing economy has caused residential prices to jump by about 7 percent over the past year.
Economist Jim Gaines with the Real Estate Center at Texas A&M Unversity said he’s looked at Fitch’s new Texas housing report and doesn’t agree with the conclusions. “I’m not buying the overvalued card right now,” Gaines said. “Yes, prices have increased substantially for Texas markets – but only after being essentially flat for almost five years.
Despite its warning about the inflated prices, Fitch's report points out the overall strength of the state's economy. Texas has been leading the country in both job growth and population gains.
Texas home price gains have already cooled from late last year and early in 2014. But the year-over-year gains in residential prices in the Dallas-Fort Worth area is still running about twice the long-term average rate and are higher than nationwide increases.
During the recent recession when many metropolitan areas in California, Nevada and Florida lost 50 percent or more of their home values, Texas prices fell only slightly. And the housing markets in Dallas, Houston, Austin and San Antonio were some of the first in the country to recover. For more information on Fitch's findings click here.
469-951-9588
Stuck in the house with Cousin Eddie this week?.... perhaps a quick dash around town to see some of our areas best nods to the Griswolds.
And you do detect a hint of jealousy, as my father-in law "taught me everything I know about exterior illumiination".... which explains why our lights don't work.
Find a spot near you & make some memories.... suggestions are very welcome!
- Christie Cannon
The "Elves" at RealtyTrac offer the Naughty and Nice U.S. Cities List.
Texas cities make 6 of the top 10; with Frisco as number 5!
You can see their report & methodology here:
The original article can be found on Realty Trac
The 242-Acre $1 billion Frisco Station development on the Dallas North Tollway will wrap around the new Dallas Cowboys headquarters and retail complex. Hillwood Properties and auto sales giant VanTrust Real Estate are partnering with the Rudman family, which has owned the site for more than 50 years.
Frisco Station is planned as a dense, urban-style development set to include a combination of corporate office towers, shopping and entertainment plazas, mid-rise apartments, medical facilities and other buildings. Hillwood and VanTrust are no strangers to development in North Dallas. Hillwood's founding Perot family developed the huge and successful Legacy business park in Plano and VanTrust is a partner in the huge Craig Ranch community being built in McKinney. Frisco Station will be a designed to fit with the Cowboys’ 91-acre Star development, which includes the football team’s headquarters, practice facilities, an Omni Hotel, shopping center and entertainment venues.Jim Gandy, president of the Frisco Economic Development Corp., said the two projects together will ultimately employ almost 19,000 people. Read about all the details in the article here.
Frisco Square is celebrating it's 10th Anniversary this Saturday, December 20 from 5:00-10:00 pm. Activities are to include a Parachuting Santa (at 5pm), Fireworks show (at 6pm), Light & Music Show, Carriage Rides, Trackless Train Rides, Build Your Own Snowman, 3 Lane Inner Tubing Snow Slide, Visits with Santa, Holiday Treats & more! Watch the video to see all the fun and excitement Christmas on the Square provides!
Dallas made the CNN List of Hot Housing Markets this year with an impressive 2015 home sales forecast of +7%.
Dallas's economy remains strong during the Great Recession and continues to roll along in the recovery. This year Dallas is one of the busiest locations in the country for office, apartment and industrial development. The area is also highlighted by a very strong homebuilding market. North Texas is seeing its biggest real estate boom in almost 30 years!
The theory that Frisco is the northernmost edge of the DFW Metroplex will soon be history. The small town of Celina is posed for some major economic develpment and by the year 2020-2030, they are expecting they type of growth that Frisco has over the past decade. Celina's future is filled with thousands of homes, corporate offices, entertainment venues and access to major highways and roads. At 78 square miles, Celina is geographically larger than Plano or Frisco. It’s about 40 miles from both the Oklahoma border and downtown Dallas and is made up of mostly rolling fields and open spaces. The theory is that Celina will soon gain some momentum in development as its swelling southern neighbors - Plano, Frisco, Richardson - are becoming massive employment centers. Toyota Motor Company is set to bring its US Headquarters to the Plano area, and with that comes many new people, more homes, and development. Sitting only 16 miles from Plano, Celina is set to be a prime location for development to occur. Celina’s story is emblematic of other small towns expecting big influxes of people over the next two decades. To the south, Prosper has its $1 billion Windsong Ranch development. To the west, Little Elm has the $600 million Union Park mixed-use project. Big things are happening up north....read the full article here.
Do you really need an agent to sell your house in today’s market? Here’s what Fannie Mae suggests to sellers on the Know Your Options section of their website:
“Select how you'll market and list the home (e.g., with a real estate agent or for sale by owner). There are pros and cons to each, but unless you are experienced at selling homes, it usually makes financial sense to get professional help—homes sold by agents typically sell at a higher price and spend less time on the market. An agent will also help you determine the best pricing for the house, they'll market the home, and they'll be your advocate throughout the process.”
If Fannie Mae says using an agent probably makes sense, perhaps you should interview an agent before putting your house up for sale. Full post here.
Displaying blog entries 61-70 of 83
