Indeed, the rate of employment growth here is down. During the 12 months ending in April, about 67,000 new jobs were added in the D-FW area.

That compares with an 86,000 gain in the previous 12 months.

Still, job growth in North Texas is among the highest in the nation – good news for the local real estate market, which is counting on further employment growth to fill empty houses, offices and such…READ MORE

WHAT YOU SHOULD KNOW ABOUT AGENCY IN TEXAS

INFORMATION ABOUT BROKERAGE SERVICES

BE AN INFORMED BUYER

SELLER’S DISCLOSURE NOTICE - 09.01.07

Provided by Collin County Association of REALTORS®

MONTHLY REAL ESTATE INDICATORS

For more Dallas area housing market information, or if you are planning to buy or sell real estate and would like a FREE consultation, contact Steve Doane @ 214-755-3378 or steve@stevedoane.com.

“The large overhang of real estate inventory awaiting sale continues to force price declines in many areas.”  But in the DFW area, housing inventories have declined slightly from a year ago, which has reduced downward pressure on prices.  Dr. James Gaines, an economist with Texas A&M University’s Real Estate Center, said “falling inventory is a major plus” for the Dallas-Fort Worth market.

Click on the following links to view statistics by individual areas as reported by The Collin County Association of REALTORS®:

Collin County Monthly Indicators - April 2008

Allen Housing Trends

SE Denton County Housing Trends

Frisco Housing Trends

McKinney Housing Trends

Plano Housing Trends

Prosper Housing Trends

Four-Quarter Price Change by State

For more information regarding the Dallas area housing markets and for a FREE consultation if you are considering buying or selling real estate, contact Steve Doane at 214-755-3378 or steve@stevedoane.com.

NTREIS MLS Area Housing Activity Report
Compiled for North Texas Real Estate Information System

Sales Closed by Area for: April 2008
Single Family

·          Area 20 – Plano

·          Area 51 – Allen

·          Area 53 – McKinney

·          Area 55 – Frisco

·          Area 59 – Prosper

Above, is an update on the specific areas listed.  CLICK HERE for a view of the entire NTREIS Housing Activity Report as published by the Real Estate Center at Texas A&M University.  For more specific information or advice, contact Steve Doane at 214-755-3378 or steve@stevedoane.com.

J.D. Power and Associates Reports that Huntington Homes Ranks Highest in Overal Customer Satisfaction among New-Home Builders in the Dallas-Fort Worth Market Area. 

Paula Sonkin, vice president of the real estate and construction industries practice at J.D. Power and Associates said “The downturn in the housing market over the past year has presented numerous challenges to home builders, some of whom have had to curtail building as sales have slowed.”  He said “as a result, the new-home selling environment has changed dramatically, and new-home builders must now increase their focus on providing buyers with a satisfying purchase experience, a shift from the order-taking mode that was common in the industry until recently.”

CLICK HERE for the complete report with charts.  For more information about New Home Builders in the DFW area, contact Steve Doane at 214-755-3378 or steve@stevedoane.com.

10:59 AM CDT on Friday, May 9, 2008

Here is another report by known authorities on the Real Estate Market that shows the strength of the DFW Housing Market compared to other cities across the country.

As stated in the report, “Since the last housing recession here in the early 1990’s, the tax value of homes in the Dallas area have jumped about 70 percent.”

Overall, sampling by The Dallas Morning News shows tax values rising almost 20 percent in the last five years. But the the recent increases differ dramatically by area of town.  For example: Some homes in North Dallas have seen a tax value increase by more than 50 percent.  However, like in Lake Highlands, they have experienced 10 percent decline in values.

Generally, tax values proposed for 2008 show more increases on the north side of the Dallas area, while values in many neighborhoods south of the river had no increases.

CLICK HERE to read the entire article.  It is important for those interested in buying or selling homes or other real estate in the North Texas area to understand the local market and not rely on the National Media reporting on national markets.  For more information regarding the local market or to buy or sell real estate, contact Steve Doane at 214-755-3378 or steve@stevedoane.com.

Dallas-Fort Worth property market better than most, real estate executives say

07:14 AM CDT on Friday, May 9, 2008

Commercial real estate executives from around the country meeting in Dallas this week have voiced a consensus about how much better the North Texas property market and economy is doing than most of the rest of the nation…”This is one of the few areas of the country experiencing an economic boom rather than a bust,” Todd Mansfield, chairman of the Urban Land Institute said at gathering.

The high employment growth in Dallas-Fort Worth is the key to the strength of the DFW market.  The Dallas-Fort Worth area has dodged the worst of the housing slump.

Dallas-Fort Worth is a good place to build home equity

09:24 AM CDT on Friday, May 9, 2008

Home buyers who are nervous about whether it’s a good time to purchase a home in the Dallas-Forth Worth market might find some comfort in this new report and study by the Center for Economic and Policy Research and National Low Income Housing Coalition which projects that DFW homebuyers may see one of the best increases in equity in the country during the next few years.

Dean Baker, one of the authors of the report , said “the Texas market is probably in the best shape in the country.”

Mark Dotzour, chief economist with Texas A&M University’s Real Estate Center, said the study confirm the relative strength of the state’s housing market.  “There is a lot less downside risk to buying a home in this area and a lot more upside potential.”  Click on the above link to read the entire article and view the list of areas expecting biggest gains and losses.

For more information about the Dallas-Fort Worth Housing Markets or to buy or sell a home, contact Steve Doane at 214-755-3378 or steve@stevedoane.com.