Hot summer weather isn't heating up the North Texas home market.
June sales were down 20 percent from a year ago. And for the first six months of 2008, the number of pre-owned houses sold in the area is off 15 percent from the same period last year.
The good news: Prices are holding up relatively well.
North Texas real estate agents sold 7,371 pre-owned homes last month, the North Texas Real Estate Information System and Texas A&M University's Real Estate Center reported Monday.
Friday, July 11, 2008
Thursday, June 19, 2008
Dallas officials urge state to require disclosure of real estate sales prices
Dallas City Council member Angela Hunt argued that sales price disclosure would make the property tax system more equitable and eliminate the breaks that many commercial property owners now enjoy because their appraisals are often well below market value.
"Commercial property owners aren't pulling their weight," Ms. Hunt told the Senate Subcommittee on Property Appraisal and Revenue Caps. "And that has created inequities in our system."
"Commercial property owners aren't pulling their weight," Ms. Hunt told the Senate Subcommittee on Property Appraisal and Revenue Caps. "And that has created inequities in our system."
Saturday, May 10, 2008
Dallas-Fort Worth pre-owned home sales drop 11%
Through the first four months of 2008, home sales are off 15 percent in the area, according to statistics released Wednesday from Texas A&M University's Real Estate Center and the North Texas Real Estate Information Systems.
Home sales prices in April were also down 3 percent from a year earlier.
Last month, real estate agents sold 6,751 pre-owned homes through their multiple listing services. That's down from 7,613 in April 2007 and 7,740 sales in April 2006.
Home sales prices in April were also down 3 percent from a year earlier.
Last month, real estate agents sold 6,751 pre-owned homes through their multiple listing services. That's down from 7,613 in April 2007 and 7,740 sales in April 2006.
Thursday, April 17, 2008
Galleria neighbor
Developers have gotten the go-ahead to build the $1 billion Icon Midtown complex next to the Dallas Galleria.
The project on LBJ Freeway just east of the Dallas North Tollway is to include high-rise office space, a hotel and residences sitting on top of a regional shopping center.
It's to be built on the site of the former Showcase Chevrolet dealership.
"The Dallas City Council just approved our zoning by a vote of 15 to 0," said developer Daniel Robinowitz of Icon Partners. "We are excited about that and ready to move forward."
UT team wins
The project on LBJ Freeway just east of the Dallas North Tollway is to include high-rise office space, a hotel and residences sitting on top of a regional shopping center.
It's to be built on the site of the former Showcase Chevrolet dealership.
"The Dallas City Council just approved our zoning by a vote of 15 to 0," said developer Daniel Robinowitz of Icon Partners. "We are excited about that and ready to move forward."
UT team wins
Sunday, April 6, 2008
Dallas Named a Top City for Real Estate Investing
According to D'Ann Petersen, a business economist with the Dallas Fed, Dallas-Fort Worth is leading the country in population growth. "While this sounds pretty negative – the decline in sales and decline in building – if you look at national totals, Texas is still the No. 1 homebuilding state in the country despite all the pullback. And Dallas-Fort Worth is right up there.”
Petersen continues, “Our closings compared to other metropolitan areas are still quite high. That's our demographics and employment base that is keeping that base of home sales still at a pretty high level compared to other areas."
Dallas real estate agents are sure to take the opportunity of a glowing local review to heart by welcoming home buyers to peruse available listings.
Petersen continues, “Our closings compared to other metropolitan areas are still quite high. That's our demographics and employment base that is keeping that base of home sales still at a pretty high level compared to other areas."
Dallas real estate agents are sure to take the opportunity of a glowing local review to heart by welcoming home buyers to peruse available listings.
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.
"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.
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