Tuesday, March 25, 2008

Dallas real estate market is rocking

Entrepreneurship expert and Texas Christian University professor Ted Legatski said in an e-mail that the current housing market "offers both risks and opportunities."

"I doubt that the current real estate finance situation really has much effect on [the SMU] area." But like almost any business, "being highly leveraged is very risky," says Legatski.

Nina Flournoy, Healy's communication professor at SMU, does not think the housing situation will hold him back. "With his can-do attitude, he could be digging ditches and selling toilet paper rolls and turn it into a wonderful business," Flounoy said.

Monday, March 17, 2008

Dallas Logistics Hub (DLH), its 6,000-acre multi-modal logistics

FTZ 39 is primarily located at the Dallas-Fort Worth Airport. It is comprised of 2,469 acres that are available for foreign trade zone use, according to DFW Airport officials (with the addition of the DLH, its footprint will expand to roughly 3,200 acres, according to the Allen Group). And it is a 621-acre business park north of Highway 114 along with two air cargo distribution centers that total more than 70 acres and provide sites with direct ramp access. FTZ 39 also includes a 160,000 square-foot warehouse that is owned by DFW Airport. The warehouse offers multiple services for shippers, including: distribution handling; freight forwarding; export packing; and consolidations, among others.

Monday, March 10, 2008

In Dallas-Fort Worth market, no flood of homes for sale

Unlike many other areas of the country, the North Texas home market hasn't seen a flood of properties for sale in recent months.

In February, the number of homes offered through the Realtors' multiple listing services dropped 1 percent from a year ago. And the number of listings added to inventory last month was down 7 percent from last year, the North Texas Real Estate Information Service reported Friday.

"That tells you we are getting the properties in and selling them – it's very good news," said Mary Frances Burleson, president of Dallas' Ebby Halliday Realtors. "In comparison to the rest of the country, our market is very healthy."

Monday, March 3, 2008

Foreclosures cut wide swath across Dallas

On weekends, Coppell real estate agent Tess Langevin loads up a bus full of potential homebuyers and heads out to look at foreclosed properties.

Ms. Langevin has plenty of homes to show.

There were more than 19,000 residential foreclosures in the Dallas-Fort Worth area last year. And thousands more houses are falling into default every month.