Just the Facts
Frisco May Get Dallas Cowboys
The Dallas Cowboys reportedly are in final talks to move from Valley Ranch to Frisco. Irving has been the Cowboys home for 28 years, but Frisco has the space and financial incentives to move the team north. It appears the new facility will be part of the Frisco Station project, on the northwest corner of Warren Parkway and Dallas North Tollway. Houston-based Hines Development recently unveiled plans to develop office, shopping and residential on the 317-acre site. Preliminary indications are the Cowboys would make the move before the start of the 2016 season.
- Dallas Morning News, July 23, 2013
Stellar Year for Home Sales in DFW
Dallas needs more housing as the market continues to be very tight. Over 104,000 jobs have been created in the DFW area in the past 12 months, and based on that number new construction should be double what it currently is. All of this makes for continued home price increases and quick turnaround of inventory. The three hottest markets in North Texas based on the shortest time to sell continue to be The Colony, 32 days; Coppell 36 days; and Grapevine 37 days. When calculated for only the moderate price ranges in Coppell and Grapevine, the time to sell drops below 21 days.
- Dallas Morning News, July 19, 2013
As Interest Rates Increase, Housing Market to Remain Hot
Economists are not worried that higher interest rates will undercut the housing recovery. Mortgage rates are still at historically low levels, and home prices remain relatively affordable despite the price increases of the past year. In addition, higher mortgage rates will encourage potential buyers to come off the sidelines and purchase homes before rates rise further.
- Dallas Morning News, July 23, 2013
First Time Homebuyers Drop to 28% of Market
For the last several years during the Great Recession, first-time homebuyers typically made up 40% of all buyers, peaking in 2009 at 50% of buyers. With the improving market that percentage has changed considerably. As more repeat homebuyers are now selling their homes and buying a larger home, the move-up buyer is now the largest segment of the housing market – for the first time since 2006. The first-time homebuyers are still strong, and in fact their numbers have not dropped. It is just that the increased number of buyers have come from the move-up demand.
- Dallas Morning News, July 23, 2013
