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Dallas, TX Real Estate News

By Dustin Pitts, Realtor serving Dallas, Texas
(Dustin Pitts, REALTOR® | Dallas Real Estate Agent)
A comprehensive guide to the real estate market in Dallas, TX, including top companies, notable agents, and factors to consider when choosing a real estate company.Overview of the Real Estate Market in Dallas, TXThe real estate market in Dallas is not only vibrant but also dynamic, offering a plethora of options ranging from luxurious estates to quaint suburban homes, making it an ideal location for a diverse array of homebuyers and investors. The average annual salary of a real estate agent in Dallas, which amounts to $77,676, is a testament to the city's robust real estate market, where professionals have the opportunity to thrive based on their experience and the types of properties they handle. Moreover, Dallas stands out not only for its real estate offerings but also for its appea...
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By Sharon Parisi, Dallas Homes
(United Real Estate Dallas )
Happenings in the Dallas Arts District: Part I in a Series If you are free on Friday, August 21st head on down to the Dallas Arts District for a night of family fun!  It is the last Late Night Summer Block Party of the season.  The Dallas Museum of Art (DMA), Nasher Sculpture Center, and the Crow Collection of Asian Art, will be having special events from 6pm to midnight.  What a great way to spend an evening with family and friends in the heart of downtown Dallas!  Come out and watch a free screening of the Rob Reiner family classic, the Princess Bride, sponsored by the Dallas Film Societyat the Nasher Sculpture Center.  Enjoy an amazing tea tasting from the Cultured Cup at the DMA.  If you enjoyed the 2009 Oscar winning film Slumdog Millionaire, you will enjoy the Bollywood dance musi...
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By Brian W. Nichols
(OWNER/Exit Realty Metro Dallas)
I own Exit Realty Metro Dallas,Texas. Many of my agents are interested in our present Reo market. One of my agents was talking to me about it the other day. She was very conflicted, because she was gearing up to be very active with Reo's,but did not want to be compared to the Reo Agents that were already very involved. She felt that a monopoly of Reo Agents had been formed,and that these same agents during normal market conditions were second string agents who did not mix well with the agent population at large. Her three biggest concerns were that her analysis of the present situation taught her these critical points. First that it took at least twice as long to sell an Reo Property, because the present cast of characters lacked in people skills to get the job done timely. Secondly tha...
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By Sharon Parisi, Dallas Homes
(United Real Estate Dallas )
If you are looking for a specialty children's clothing store close to downtown Dallas, try The Cozy Cottage Children's Boutique, located in the Bishop Arts District, on the southeast corner of Davis and 8th Street.   The owner, Cynthia Herndon, has filled a charming cottage style home with unique children's clothing. Girls' clothing goes from size 0 to size 14 and the boys clothing goes from size 0 to size 7. This is the spot to find a unique upscale baby gift for mom and baby.  If you enjoy shopping for that special child in your life, I guarantee you will find the perfect toy or outfit. In addition, the shop also carries creative costumes for Halloween or dress-up. For girls, Ms. Herndon has tutus in many sizes and colors.  When I recently visited the shop, she had a beautiful pink an...
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By Larry Lawfer, "I listen for a living." It's all about you.
(YourStories Realty Group)
These things happen to all of us, but what to do about it is another opportunity.  It is never good to waste time, to keep your clients from wasting yours be preemptive.  Let them know you are not going to waste their time early in your relationship.  Then don't.  Send them what they want, ask them questions, actually listen to what they are saying and provide that to them rather then pushing your own inventory.  When they kick the tires for a while, ask them questions...is it time to buy, what are your objections, is there some change in your situation, why are you not liking what you are seeing?  are just some of the things you can ask.  Purchasing a home, need you be reminded, is the most important purchase of most people's lives, treat it as such.  I am not going to say there aren't...
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By Marie Walton, ABR, CRS, GRI, SRES
(Ebby Halliday, REALTORS)
For purposes of this report North Dallas in broken down into two sections. North Dallas north of Northwest Hwy. and south of LBJ This area of Dallas contiunes to experience difficutlies. The high end market is very slow. At the end of July there was an 18.7 month supply of homes on the market. This is a very high number. Sales were off by 31% in July and the average price declined by 16% while the median price declined by 29%. This is just another indicator of the problems effecting the upper end market. Pending sales declined by 31% which will not help August closed sales. Sales: 50 Average Sales Price: $842,270 Median Sales Price: $530,000 Pending Sales: 29 New Listings: 110 Active Listings: 683 Months of Inventory: 18.7 North Dallas North of LBJ Sales in this area of North Dallas wer...
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By Sharon Parisi, Dallas Homes
(United Real Estate Dallas )
Calling all kids, and kids-at-heart, to NorthPark Center, in North Dallas, to view the 2009 ORIX Parade of Playhouses, benefiting Dallas CASA !  You won't be disappointed!  The houses are the culmination of big hearts, imagination, and creativity.  Like magic, you will find yourself daydreaming about what it would be like to play in each of the themed houses. Imagine yourself maneuvering in the Battle Tank, dressing up in the Magical Wardrobe, painting in the Zen Art Studio, or managing space travel from Mission Control .  My personal favorite is the Magical Wardrobe designed and built by Erin Parisi and sponsored by Winstead Attorneys. The house is built like an over-sized armoire with a cheetah spotted floor.  Of course, the exterior and interior are painted in shades of pink and pur...
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By John Jones
(Briggs Freeman Sotheby's International Realty)
As part of the Water Conservation Ordinance passed by the Dallas City Council on September 21, 2001 and amended in 2007, Dallas residents are not allowed to water outdoors between the hours of 10AM and 6PM between April 1 and October 31. This applies EVERY YEAR, not just in 2009.   The ordinance also applies regardless of the lake level or the amount of precipitation that has occured throughout the year.  The city is always at liberty to impose additional restrictions on water usage in the case of a drought, but we've escaped that so far this year.    HAND WATERING and SOAKER HOSES (like the type used to water foundations) are allowed anytime, but keep in mind that watering during peak hours may not be as effective as watering during non-peak hours.  More of the water evaporates in dire...
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By Nick Good, www.TheGoodHomeTeam.com
(The Good Home Team with eXp Realty)
First-Time Homebuyer Credit Questions and Answers: Basic Information   If you are a first time home buyer this should answer all your questions about the first time home buyer tax credit.    The GOOD Home Team is a top producing team with Keller Williams Realty in Dallas, Tx.  We specialize in New and pre-owned Residential Real Estate.   Go www.TheGOODHomeTeam.com to search homes for sale in Dallas, Texas.   Q. What is the credit? A. The first-time homebuyer credit is a new tax credit included in the recently enacted Housing and Economic Recovery Act of 2008. For homes purchased in 2008, the credit operates like an interest-free loan because it must be repaid over a 15-year period. The credit was expanded in 2009 for homes purchased in 2009, increasing the amount of the credit and elim...
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By Lynn911.com ~ Dallas Real Estate Agent Top Team
(Dallas Houses for Rent Dallas Apartment Rentals Lynn911.com )
lynn911.com Dallas homes for lease, Dallas condos for rent I am asked many times guidelines Dallas homes for rent lease direct from property owner a)  Application fee up to $50 per adult who will reside on property paid certified funds, approximately 72 hours for approval either listing agent, OR property owner will complete credit check, criminal background b)  If approved deposit equal to monthly rental ~ certified funds paid prior to move in NOTE:  Credit below 600 REQUIRE ADDITIONAL MONTHS RENT c)  1st months rent ~ certified funds paid prior to move in d)  Pet deposits ~ $300 to $500 paid prior to move in SIMPLE BREAKDOWN EXAMPLE RENT $1500 PER MONTH a)  2 Adults application fee ~ $   100 b)  Deposit                       ~  $ 1,500 c)   1st Months Rent          ~   $1,500 Total mo...
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By Lynn911.com ~ Dallas Real Estate Agent Top Team
(Dallas Houses for Rent Dallas Apartment Rentals Lynn911.com )
lynn911.com Dallas Saturday AM Radio Stations WOW amazing what you can learn menu of subject matters DFW Landscaping area plants  Dallas Real Estate Texas Mortgages  Local Sports Economy  Health and fitness Investing  Radio hosts are local business owners wanting promote their business practice however learning experience worth "gas" while driving around DFW area      
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By Lynn911.com ~ Dallas Real Estate Agent Top Team
(Dallas Houses for Rent Dallas Apartment Rentals Lynn911.com )
lynn911.com How NOT MAKE A COSTLY MISTAKE ON TRIMMING A MATURE TREE I was on property I own .....continually heard chain saw noticed neighbor hired landscaping company trim their mature trees.  The noise appeared gone on for hourrsssssss.... I thought WOW yard is to small for that amount of work Next thing ...my neighbor running into my rental property screaming ".....what can she do ....crew had murdered her yard...." CLOSING STATEMENT: Best be on property entire time, once a tree limbs are removed cut to high like a stick in front yard than an accent piece like art. Tree will continually grow  There are NOW...NO LOWER BRANCHES FRAME THE YARD SOLUTION Be present and step back review work for each tier removed      
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By MaryBeth Harrison, The Harrison Group
(Dallas Native)
Pending U.S. home sales rose in June for the fifth straight month, another encouraging sign of life for the embattled U.S. housing market, the National Association of Realtors reported Tuesday. For June, the Realtors group said its pending home sales index rose 3.6 percent to 94.6, from an upwardly revised reading of 91.3 in May. The last time there were five consecutive monthly gains was July 2003. The results were far better than analysts expected. Economists surveyed by Thomson Reuters expected the index to come in at 91.2. The report tracks signed contracts to purchase previously owned homes and is considered a barometer for future home sales. Typically there is a one- to two- month lag between a sales contract and a completed deal. The jump in pending home sales coincides with othe...
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By Lynn Larson, REALTOR
(Keller Williams Elite)
...and more good news to get out to your clients/potential clients, For the first time in nearly three years, home prices nationwide rose slightly month-over-month, according to a key indicator of the housing market. However, home prices remain well below their already-distressed 2008 levels. According to the S&P/Case-Shiller Home Price Index, housing prices in the nation's 20 largest metropolitan areas rose 0.5% in May compared to prices in April, led higher by price gains in the nation's most resilient housing markets of Cleveland, Dallas and Denver. While housing prices month-over-month increased, the pace of annual declines remains at a steep 18% compared to a year ago. However, the pace of annual declines has now recovered moderately over a period of four months from a near 20% dec...
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By MaryBeth Harrison, The Harrison Group
(Dallas Native)
Internal Revenue Code changes have averaged one--per--day over the past eight years ---- with 500 revisions in 2008 alone. Who's counting? Nina Olson, the National Taxpayer Advocate, announced the statistics in her annual report to Congress. An independent organization within the IRS, the Taxpayer Advocate Service helps taxpayers resolve complaints with the agency when problems cannot be resolved through normal channels. Will Advocate Olson's reports convince our lawmakers to draw back from their drawing board? Not during these troubled times. Expect them to enact even more alterations to an already confusing code in the immediate future. How do individuals who need to focus on tax planning all year long keep on top of all those major and minor modifications? Most decide to become clien...
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By Sharon Parisi, Dallas Homes
(United Real Estate Dallas )
Dallas: North Oak Cliff Restaurant NORMA'S Norma's Café was opened over fifty years ago.  That's a half century!  Amazing for a restaurant!  This old time diner, with its red vinyl topped bar stools, is busy from the time it opens until it closes in the evening.  Norma's advertises that it "serves breakfast all day."  You can create your favorite breakfast by combining any number their many breakfast foods. "Good home cooking" has made this local Oak Cliff restaurant a popular stop for lunch and dinner.  Norma's serves a Blue Plate Special with a choice of three veggies, and Norma's homemade rolls and cornbread.  The chicken fried steak, pot roast, meat loaf, and chicken fried chicken are a few of the favorites. Norma's pies and cobblers are made daily.  The Mile High Cream Pies are one...
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By MaryBeth Harrison, The Harrison Group
(Dallas Native)
It's not a very common question, but one that is being asked more often than not as homeowners navigate their way through today's market. The question is simple: How do you get a lender to speed up the foreclosure process, but the answer is oftentimes hard to put a finger on. But when you think about it, prolonging the process can be costly for a homeowner, who likely does not have the money to pay for maintenance and utilities. This is the situation in which Clark Engle, a resident of Wayne, Pennsylvania finds himself, and I discovered, after simply scraping a thin layer from the surface, that it is a problem homeowners in high-foreclosure areas increasingly are facing. Engle owns a couple of condos in Florida that he bought as investments when he lived there, but when he relocated to ...
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Located on Turtle Creek Boulevard, just South of Lemmon Avenue, Dallas' Lee Park is celebrating its 100th Anniversary this year. Originally purchased by the city of Dallas in 1909 and named Oak Lawn Park, the name was changed to Robert E. Lee Park in 1936 when President Franklin Delano Roosevelt dedicated the statue of Robert E. Lee that sits on the corner of Turtle Creek Boulevard and Hall Street. In 1939, the Works Progress Administration and the Dallas Parks and Recreation Department were responsible for the construction of Arlington Hall, the white building that sits in the park and today serves as a meeting facility and catering hall. The Lee Park and Arlington Hall Conservancy was formed in 1995 and invested more than $2 Million in private funds and $500,000 in bond monies to ren...
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By Sharon Parisi, Dallas Homes
(United Real Estate Dallas )
                  Bolsa, a wonderful neighborhood restaurant on Davis Street, near the Bishop Arts District, in the North Oak Cliff area of Dallas, is a great find.   My first trip to Bolsa was on a Wednesday night at 9:00 PM, and the place was filled to the brim with people eating dinner.  You can sit inside or outside on the misty patio.  The wall of windows, separating the interior bar from the patio bar, can be opened to let the live music flow into the restaurant. The menu at Bolsa changes daily. There are so many creative menu items that making a choice can be challenging!  One of my favorite menu choices is the prosciutto and fig preserve bruschetta.  Everything I have tasted at this restaurant is delicious!  The wine selection is hand-picked.  If wine is not your thing, try one...
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By John Jones
(Briggs Freeman Sotheby's International Realty)
Of the five factors that make up credit scores, this last one only accounts for a total of 10% of the score, but can have a large impact in the short term.  The most talked about and perhaps the most misunderstood factor is the one regarding credit inquiries.  10% OF YOUR CREDIT SCORE IS DETERMINED BY NEW CREDIT AND CREDIT INQUIRIES.  As far as new credit goes, the scoring model tends to deduct points when new accounts are established, but the number of new accounts is also factored.  In other words, opening one or two new accounts in a short time period may lower the score, but opening several will have a greater impact.  So your score may certainly drop if you open new accounts, regardless if they are mortgage, installment or revolving accounts, but as time goes by and a payment histo...
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By John Jones
(Briggs Freeman Sotheby's International Realty)
The fourth factor in the credit scoring model has to do with having a fair mix of credit.  10% OF YOUR CREDIT SCORE IS DETERMINED BY THE TYPES OF CREDIT THAT YOU HAVE.   Unfortunately, the credit bureaus are rather vague about exactly how many of each type is ideal, but it's safe to say that having too many revolving or too many installment accounts can cause the score to drop.  Installment accounts, such as car loans and mortgages, can have a positive effect on the credit score even after they are closed, whereas revolving accounts, such as credit cards and consumer finance accounts, usually stop impacting the score once the accounts are closed.  Also, the credit bureaus tend to value installment loans higher since creditors tend to require more documentation for these loans, such as p...
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