From the category archives:

Dallas market updates

The Housing Market Update

U.S. consumer sentiment rose to its highest level in more than four years in early May as Americans remained upbeat about the job market, a survey released on Friday showed. The Thomson Reuters/University of Michigan's preliminary May reading on the overall index on consumer sentiment improved to 77.8 from 76.4 in April, topping forecasts [...]

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Prime Block in University Park : $1,389,000

Fabulous home nestled… …on a prime block in University Park. Beveled glass front doors open to an impressive two story entry and your eye is drawn to a wall of windows reveling the back yard. A lovely living room with shuttered bay window, slate surround fireplace and crown molding flanks the entry as well as a [...]

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Home rentals increase, and so do prices

Home ownership declines to lowest level since 2006 WASHINGTON (MarketWatch) — More Americans this year are choosing to rent instead of owning their own homes, and they’re paying a higher price too. The U.S. Census said Monday that rental vacancies fell to 8.8% in the first three months of 2012 from 9.4% in the [...]

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Mortgage Guidelines Resume Tightening Nationwide

Despite an improving U.S. economy, the nation’s banks remain cautious about what they will lend, and to whom. Last quarter, by a margin of 3-to-2, more banks tightened residential mortgage lending standards for “prime borrowers” than did loosen them. A “prime borrower” is defined as one with a well-documented credit history, high credit scores, and [...]

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Seniors and Young Adults Will Influence The Housing Market

Over the next two decades, the aging baby boomer generation will swell the nation’s senior population by 30 million. That demographic shift will likely help increase the supply of housing, since people over age 65 typically release much more housing than they absorb. NAR President Moe Veissi noted that current market trends favor would-be homeowners [...]

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Development Plans for Valley View Mall Unveiled

It once was the shopping mecca of North Dallas. Now, Valley View Center will see new life with a $2 billion transformation. Beck Ventures announced its grand plan for the site at LBJ Freeway and Preston Road on Tuesday morning. It will be renamed "Dallas Midtown," and it will look very different when it is [...]

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Valley View Mall Development Deal

"Dallas Midtown" WFAA’s Cynthia Vega just issued a report on the purchase and renovation of Valley View Mall, located just north of 635 off Preston Road (see Google map below): DALLAS – A big announcement is expected regarding the future of the now vacated Valley View Mall in North Dallas. At 10 a.m., the Beck [...]

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The Housing Market Update

Housing Supply Decreases, Good for Housing: In the latest release of the National Association of Realtors' Existing Home Sales report, there were some very interesting facts. Even though they reported a month-over-month decrease of 2.6% in existing home sales, they revised February's data upward. The NAR said even with March's decline, the pace of [...]

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Homes Get More Affordable On March Jobs Data

Americans continue to get back to work. Last Friday, in its Non-Farm Payrolls report for the month of March, the Bureau of Labor Statistics announced 120,000 net new jobs created, plus combined revisions in the January and February reports of +4,000 jobs. The March report marks the 18th straight month of job growth nationwide — the first [...]

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Jobs Report Due Friday; Mortgage Rates Expected To Change

If you’re out shopping for a home this week, or trying to lock a mortgage rate, with Friday comes home affordability risk. Consider locking your mortgage rate today. The March Non-Farm Payrolls report is due for release Friday morning and mortgage rates are expected to move. Unfortunately for the home buyers and rate shoppers of [...]

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