Friday, March 13, 2020

Happy, Happy, Happy in Plano!

https://upload.wikimedia.org/wikipedia/commons/thumb/d/de/WaterTower-Plano-7600.jpg/1200px-WaterTower-Plano-7600.jpgWell!  Plano has ranked second on WalletHub's list of America's happiest cities in 2020.

The Collin County city ranked fifth in lowest separation and divorce rate, sixth in emotional and physical well-being, ninth in income and employment, and 16th in community and environment.

Austin ranked 22nd overall, the only other Texas city in the top 25. The Texas capital ranked fifth in highest income growth, sixth in income and employment, 12th in emotional and physical well-being, and 118th in community and environment. 

 
Laredo had the lowest suicide rate nationally.

Fremont, Calif., took the top spot in the overall rankings. The rest of the top five were San Jose, Calf.; Irvine, Calf.; and Madison, Wis.

Last year, Plano was first on WalletHub's list. 



Friday, March 6, 2020

Rotten Tomatoes Realtor?

What do tomatoes have to do with buying or selling your home??  Well, that's an easy one.  See, if you hire JTOden Realty to personally assist & represent you in your real estate ventures, you enjoy the FRUIT of a wise and happy decision.  

If you hire some other licensee, you'll be 
using those tomatoes as rotten projectiles.  
This is fact, friends!


Friday, February 21, 2020

Allen City Council Greenlights an 80-acre Development!


Dallas Morning News Editor, Steve Brown writes that the city council has approved The Avenue, an 80-acre mixed-use development at the southwest corner of SH 121 and Alma Rd.




The development, previously known as Allen Sports Village, will include: 
  • one million sf of office space,
  • 65 single-family homes,​
  • 1,600 urban residential units,
  • three hotels, and 
  • 275,000 sf of retail and restaurant space.

File:Flag of Allen, Texas.png - Wikimedia CommonsMany of the shops and dining venues will be built in old shipping containers. A food hall and a central outdoor plaza with water features will be included.

Developer Thakkar originally proposed building a $500 million sports complex with a cricket stadium, but the deal was canceled after neighborhood opposition and the departure of a key player.

Tuesday, March 19, 2019

Lubbock still a seller's market


I've been posting and everyone has been talking about the Dallas area real estate market.  Specifically, the NE Dallas metroplex area seems to have a balanced (flat) market recently.  Well, it's not necessarily state-wide.  The Lubbock Avalanche-Journal reports that local home sales slowed but the median price increased in February, according to data from the Real Estate Center and the Lubbock Association of Realtors.

Home sales were down 5 percent from February 2018 with 280 homes sold. The median price increased 13 percent to $182,500.  The number of active listings grew 7 percent over the year at 1,024 listings.  Monthly housing inventory decreased from 2.9 months to 2.7 months in the same period. The TAMU Real Estate Center considers a six- to 6.5-month inventory a balanced market.

Homes in Lubbock spent an average of 87 days on the market. ​ For more on the Lubbock housing market, read the Center's latest housing report​​.​

Wednesday, March 13, 2019

Feeling Rich yet?



Well of course not.

But we are officially still in the black, employment-wise.  The soothsayers at the Federal Reserve Bank of Dallas adumbrate a modest growth in job-having.  The Texas Employment Forecast suggests jobs will grow 1.5 percent this year.  So, yeah.

Here's a cool chart they made for the occasion...

https://www.dallasfed.org/-/media/Images/research/forecast/2019/emp190308c1.png














https://www.dallasfed.org/research/forecast/2019/emp190308.aspx

UPDATE:

Texas unemployment holds, 17,700 jobs added in February

 

AUSTIN (Texas Workforce Commission) – February marked the 106th consecutive month of annual nonfarm employment growth as 17,700 seasonally adjusted positions were created, according to the Texas Workforce Commission. ​

Texas' seasonally adjusted unemployment rate held at 3.8 percent.  The Texas metro with the lowest nonseasonally adjusted unemployment rate was Midland at 2.2 percent. McAllen-Edinburg-Mission had the highest at 6.6 percent.

The mining and logging industry saw the most seasonally adjusted growth in employment from February 2018 to February ​2019, growing 8.4 ​percent. The information industry was the only sector to see a drop in employment, falling 1.5 percent. 



Monday, March 4, 2019

WSJ says the Boom is Over (this is not new news to us)



Yup.

Local REALTORS have been saying it for months now; the market is even.  That means no more ever soaring prices.  Yes, Mr. Seller, that means you need to conservatively price your home to sell it.  To get an offer.  And the offer you get, you better not blow it off because it is too low.

And you non-Native Texans?  You can't low-ball Texans.  It is frowned upon.  Also, this isn't a low-ball market.  Not by a long shot.  Listen friends, it is a FLAT market, or perhaps you'd prefer "even?"  It's an even market: as much in the seller's favor as the buyer's
No overpricing.
No low-balling.

Even.
Fair.
Flat.

Even.


https://www.wsj.com/articles/the-u-s-housing-boom-is-coming-to-an-end-starting-in-dallas-1543248073?mod=e2fb


Tuesday, December 18, 2018

Merry Christmas!!!!



Visual History of Christmas Traditions Infographic by Balsam Hill

Christmas is celebrated in a multitude of rich and cherished traditions. This illustrated timeline, brought to you by Balsam Hill Christmas Tree Company, captures the flow of some of the most popular Christmas traditions and figures throughout Christmas History.

Wednesday, December 12, 2018

Help Wanted

Hey you loan officer that always email me, spam me, call me.... UGGH!  You can't have my buyers/borrowers because they are going to Supreme Lending and my trusted lender, Joe Boggs.  However, you CAN go to work at Joe's office!



https://joeboggs.supremelendinglo.com/

Tuesday, July 31, 2018

Movin' on UP ...way up NORTH!


Texas Real Estate Developers and Global Alternative Investment Firm Värde Partners Acquire Windsong Ranch in Prosper, Texas



​​​​Carey Marin at BusinessWire writes that Tellus Group, a joint venture of Vä​​rde Partners and developers Craig Martin and David Blom, has purchased the Windsong Ranch from the Terra Verde Group. 

The 2,030-acre master-planned​ community is at 1001 Windsong Pkwy. S. At full build-out, the community will have 3,100 single-family homes, 600 acres of open green space, and 150 acres of mixed-use development. 

It will be the first North Texas development to offer​ a Crystal Lagoon (I bet the folks in Rowlett are pretty jealous). The five-acre lagoon will open in spring 2019.

Homes will be priced from the $200,000s to over $1 million. Builders include American Legend Homes, Belclaire Homes, Britton Homes, Chesmar Homes, Darling Homes, Drees Custom Homes, Grenadier Homes, Highland Homes, Huntington Homes, and MainVue Homes.

Thursday, July 12, 2018

DFW home sales see first Y-O-Y decline in nearly two years

 CHILL OUT!


Steve Brown at the Dallas Morning News says that North Texas home sales actually fell 3% in June, marking the first year-over-year decline in almost two years. 

Last month, 10,754 preowned single-family homes were sold, according to data from the Real Estate Center and the North Texas Real Estate Information Systems. 

With June's decline, preowned home sales are up just 1 percent so far this year compared with 2017's record sales. 

Median home sales prices were up 7 percent over the year, hitting a record high of $273,000. ​

​There was a three-month supply of homes in the area. The average North Texas home was on the market for 38 days​. 

In June, there were 10,998 pending sales. There were 24,174 homes listed for sale in the metro, up 12 percent over the year.  

So, that's a cooling of the market.  Not a bursting bubble.  A corrective slowdown.  We think that is good news.

Tuesday, February 27, 2018

DFW Prices Still Rising: Appraisers Still Stupid

Standard & Poor's/Case-Shiller Home Price Index shows that Dallas home prices still increasing, but slowing...

 

Steve Brown at the Dallas Morning News writes that Big D's home prices increased 6.9 percent year over year in December, according to the Standard & Poor's/Case-Shiller Home Price Index.

That's slightly higher than the nation's 6.2 percent gain, but it was the smallest percentage price rise for Dallas ​home values in almost five years.

North Texas home price increases have been slowing for months after hitting record levels in 2017.

A combination of  larger home inventories and buyer push back against high prices has slowed the rate of area property appreciation, analysts say.

In contrast to the proven reputation of the S&P index, you can find a random residential appraiser who will tell you home sales are slowing or stable.  Why?  Well, most appraisers are just involved in a transaction to get paid.  Paid through an archaic and federally supported not-needed dogma that is supposed to protect the buyer.  See, the lender has to get an appraisal so that he can resale the loan on the back side to investors but according to the too-influential FHA guidelines.

The appraiser who takes his job too seriously and refuses to allow for market pressure is a guy who think his shoulders alone can carry the burden of controlling the free market.

Appraisers... who needs 'em?  Your broker matters.