Top 5 Job Growth Cities in US

“Absolutely Phenomenal”

The Dallas-Fort Worth area added more jobs than any other metropolitan area in 2014, a feat it hadn’t achieved in at least two decades.  D-FW gained 136,900 jobs last year, followed by the New York area with 129,000 jobs, according to data released Wednesday by the U.S. Bureau of Labor Statistics. The Houston area was No. 3, with 120,600 jobs. The figures are not seasonally adjusted.  December was the first time that D-FW has ranked No. 1 in calendar-year net job growth since at least 1990, when the BLS began compiling comparable state and local records. Texas also led the nation in job creation last year, adding 457,900 jobs.  Bud Weinstein, an economist at Southern Methodist University, called D-FW’s 4.4 percent job growth rate last year “absolutely phenomenal.”   The 2014 job growth rates for both D-FW and Houston (4.2 percent) beat the state rate of 4 percent.- Dallas Morning News, February 4, 2015

DFW Gains 96,100 Jobs in 12 Months; Gains Over 125,000 Net New Residents

DFW Gains 96,100 Jobs in 12 Months; Gains Over 125,000 Net New Residents

Dallas-Fort Worth appears to be leading the nation’s job growth, according to data released Thursday by the U.S. Bureau of Labor Statistics.   For the year that ended Oct. 31, Dallas-Fort Worth recorded a job growth rate of 3.1 percent, tops among the 12 largest U.S. metropolitan areas. Houston was No. 2, with a rate was 2.9 percent.  Both D-FW and Houston beat the nation’s job growth of 1.7 percent.  “Dallas and Houston have ranked No. 1 and No. 2 for quite a while, and that’s partly due to the overall health of the state,” said Cheryl Abbot, a Dallas regional economist for the BLS.   Preliminarily, the Dallas-Ft Worth area is expected to once again have a net population growth of over 125,000 people.

-          Dallas Morning News, December 5, 2013

Nationally 6% Growth in Closings, RMDFW Sees 27% Growth

RE/MAX DFW Associates is expected to close approximately 4,700 units for 2013, up from 3,725 units in 2012.  This is over four times the national growth rate in closed sales.

As Interest Rates Increase, Housing Market to Remain Hot

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

Whole Foods opening in Colleyville, Texas

Whole Foods to open next year in former Albertson's in Colleyville

Posted Monday, Feb. 18, 2013 

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Map of Texas 26 and Glade Road, Colleyville, TX

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BY SANDRA BAKER

sabaker@star-telegram.com

COLLEYVILLE -- Whole Foods Market will open a 40,000-square-foot store next year in Colleyville, the Austin-based company and property owner said.

Centennial Real Estate Co. in Dallas said the store will go in space formerly occupied by Albertson's in the Village Park at Colleyville shopping center at Texas 26 and Glade Road. The space that has been vacant since 2007.

Mark Dixon, Whole Foods Southwest region president, called the Colleyville shopping center "a desirable location and a perfect fit for Whole Foods Market. With our current store in Arlington and future location in Highland Village, our westward expansion gives more guests a convenient location for natural and organic culinary options."

Centennial said it plans to extensively renovate the center and adapt the space for the new Whole Foods Market store while modernizing other retail areas. The store is expected to open in mid-2014.

"We will construct a prominent storefront and entrance for Whole Foods Market while upgrading the appearance of the entire shopping center," said Steven Levin, Centennial's CEO. "Our plans include unique architectural features that combine new modern design with a concept that is consistent with the culture and setting of Colleyville."

Westlake Ace Hardware, Goody Goody Liquor and Vineyard's Antique Mall are also located in the 190,664-square-foot center.

Marty Weider, Colleyville's economic development director, said the deal to bring Whole Foods to the shopping center has been in the works for about two years. He called the deal a "game changer" for Colleyville and the shopping center, saying the store will attract shoppers from nearby cities and other quality tenants that want to be located near a Whole Foods store.

"It's a huge shot in the arm," Weider said. "We're happy to make this happen. We view this as a phenomenal opportunity for the shopping center to be upgraded. It's tough to keep inline tenants when you don't have an anchor."

Whole Foods enters a competitive grocery market in Northeast Tarrant County. Market Street is located just north on Texas 26, at Hall-Johnson Road, Tom Thumb has nearby locations and Central Market is located in Southlake.

Centennial said it assembled the shopping center from three separate owners over the past 18 months, allowing the company to bring in Whole Foods Market and redevelop the existing retail space. Centennial acquired Village Park with partners Gideon Interests, Inc. and Atlantic Creek Real Estate Partners, Llc. ViewPoint Bank provided the debt for the transaction, Centennial said.

In its earnings report last week, Whole Foods said it recently signed 11 new leases. In addition to Colleyville, new stores are scheduled for Toronto, Canada; Canada; Berkeley and Los Angeles, Calif., West Palm Beach, Fla., Lafayette and New Orleans, Louisiana, Westford, Mass., St. Louis, Miss. Cherry Hill, New Jersey and Newport News, Virginia.

Sandra Baker, (817) 390-7727

Star Telegram

Read more here: http://www.star-telegram.com/2013/02/18/4627687/whole-foods-to-open-next-year.html#storylink=cpy

DFW Median Home Price Now $10,000 Higher Than 2007 Peak

Just the Facts

30% of Sales Hip-Pocket

Statistics are now showing that 30% of all home sales in certain Dallas neighborhoods are hip-pocket.     The home is sold before it ever hits MLS.  Ted Wilson, a housing analyst with Residential Strategies Inc states, “Those sales may never make it into MLS.”     Numerous North Dallas neighborhoods and various north side suburban communities are experiencing strong hip-pocket sales.   It is estimated then that the actual number of sales are significantly under reported.

-          Dallas Morning News, April 9, 2013 (excerpts)

DFW Median Home Price Now $10,000 Higher Than 2007 Peak

Reported home sales were up 22% in March, and home prices were up 8% from one year earlier.  That is on top of the 7% increase in the previous one year time period.   March’s median DFW area home price rose to $168,000, about $10,000 higher than the peak of the market in 2007, before the recession hit.  And all indications point to significant further increases.  (As a reminder, RMDFW home sales were up 50% from one year ago in March.)

-          Dallas Morning News, April 9, 2013 (excerpts)

Condo Sales Up 55%

The increase in condo and townhome home sales in the DFW area are surpassing the increase in single family home sales.  During March, condo and townhouse sales in North Texas soared by 55% from a year ago.   And some in-town neighborhoods are now seeing a 100% increase in sales.   And condo home prices – now up 11% from one year ago.   The condo and townhouse market has never had this sharp of increase in Dallas history.

-          Dallas Morning News, April 11, 2013

New Home Starts Jump 35% in DFW

A surge in demand has North Texas builders scrambling to start thousands of homes.  Dallas-Ft Worth home starts rose 35% in the first three months of 2013, the highest first-quarter construction volume in five years.  The increase would have been even greater but for a shortage of lots, materials and labor.  And new home prices are soaring, notes David Brown, regional director of Metrostudy.    Further, Brown notes that builders are now in some degree raising prices in an effort to slow down activity because they simply do not have the ability to deliver more houses.

-          Dallas Morning News, April 9, 2013

We Continue to Soar

Fabulous Heritage Beauty! Lots of Upgrades!

Kim Raine North Dallas Realtor Quote 2/11/2010

The more sand that has escaped from the hourglass of our life, the clearer we should see through it. Jean Paul

Dallas-Fort Worth home prices edge higher

Dallas-Fort Worth home prices edge higher
07:13 AM CST on Wednesday, February 10, 2010

By STEVE BROWN / The Dallas Morning News
stevebrown@dallasnews.com
North Texas home prices inched higher in January.

Also Online
Real estate tips for 2010
How to fight foreclosure
Map: Dallas-area pre-owned home sales and prices
Link: Making Home Affordable
Blog: Economy
Median pre-owned home prices were up 1 percent last month from a year earlier.

But the number of pre-owned homes sold in the area fell by 6 percent, the second consecutive decline in the monthly sales figures.

Real estate agents sold 3,360 homes through the Multiple Listing Service, according to statistics from the Real Estate Center at Texas A&M University and the North Texas Real Estate Information Systems Inc. And 172 condominium sales were recorded – 2 percent more than in January 2009.

About 33,500 homes were listed for sale in North Texas last month.

That's 10 percent fewer than a year ago.

There's just less than a six-month supply of homes listed for sale in North Texas. Six months is considered a balanced market.

D-FW AREA HOME RESALES UPDATE
Comparisons of January pre-owned home sales and prices in North Texas with year-earlier statistics:
Single-family home resales 3,330 -6 percent
Median price $130,000 1 percent
Average days on market 84 -2 percent
Pending sales 4,369 No change
Listed for sale 33,569 -10 percent
Condo-townhome resales 172 2 percent
Median price $127,520 6 percent
Average days on market 96 -16 percent
Pending sales 235 3 percent
Listed for sale 3,556 -6 percent

Kim Raine North Dallas Realtor Quote 1/28/2010

Live out of your imagination, not your history. Stephen Covey

Short Sale Professional Kim Raine avoid Foreclosure save your livelyhood

Stop foreclosure. Did you know you can lose your security clearance, your job or cannot find new employment if you have a foreclosure on your record. Unfortunately they do not go away.

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Kim Raine, CDPE
214 675 9436
Remax Premier Properties
kimraine@gmail.com