Showing posts with label Las Colinas. Show all posts
Showing posts with label Las Colinas. Show all posts

Monday, January 4, 2016

RE/MAX DFW Associates Sets All-Time Record


RE/MAX DFW Associates set a new record in 2015, closing in excess of $1.67 billion in sales volume, up from $1.5 billion in 2014.  The average home sales price at our firm topped over $306,000 up from $278,000 in 2014.   Thanks to our agents for helping make 2015 a banner year.  Final numbers will be forthcoming.
2015 was the best year ever recorded for real estate in the Dallas-Ft Worth market
Expecting a great 2016!

Wednesday, June 10, 2015

Dallas Home Prices Jump 14% in May

Moving to Dallas

Dallas Home Prices Jump 14% in May
North Texas home prices jumped by 14 percent in May – one of the largest year-over-year gains ever for the area.  Median home sales prices hit a record $215,000 last month for preowned single-family homes sold by real estate agents.  Home sales were up 6 percent from May 2014 with 9,484 properties sold.  It was the largest one-month sales total ever for North Texas, according to data from the Real Estate Center at Texas A&M University and the North Texas Real Estate Information Systems.  With the strong sales, the number of homes listed with real estate agents in the area dropped 15 percent from this same time in 2014. There was a 2.4-month supply of homes in real estate agents’ multiple listing service, less than half of what is considered a normal inventory.  May’s strong home sales and price spike will put more pressure on the local housing market which is stretched with more buyers than sellers.  National surveys show that the Dallas-Fort Worth area is seeing the largest annual home price gains in the country. Prices here are rising at about three times the long-term average rate of residential appreciation for the area.
-         Dallas Morning News, June 9, 2015

Monday, May 11, 2015

North Texas Median Home Prices Soar Above $200,000


North Texas Median Home Prices Soar Above $200,000
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This spring’s scorching home market has propelled median house sales prices in North Texas above $200,000 for the first time.  In April, home sales prices in the area were up 14 percent to a record $207,000.  With the latest gains, the median price of preowned single-family homes sold by real estate agents in North Texas is almost 60 percent higher than it was in January 2010, at the worst of the recession.   And home prices in the area are now more than a third ahead of where they were at the previous peak of the housing market in 2007.  “The average home listing price has also jumped up for homes coming on the market,” said Ted Wilson, a housing analyst with Dallas-based Residential Strategies Inc. “More people are motivated to put their houses on the market at these higher prices.”  The Dallas area now leads the country in year-over-year home price increases, according to the latest national comparison from CoreLogic Inc.  In April, median prices were rising at about three times the long-term average annual growth rate.   April’s substantial increase in home sales prices in North Texas comes as some analysts are warning that residential values in Texas’ major markets are overheating.  A new report by Wall Street analysts Fitch Ratings said that Texas and Dallas-area home prices are 11 percent overvalued.

-          Dallas Morning News, May 8, 2015

For 11th Straight Year Texas Ranks as Top State to do Business

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For 11th Straight Year Texas Ranks as Top State to do Business
CEO Magazine’s 11th annual survey of the “Best States to do Business” was released Friday and Texas topped the rankings for the 11th year in a row.  The news had Texas Governor Greg Abbott on cloud nine, saying the state won’t stop at its top ranking.  “Everything is bigger in Texas, and that includes our business climate,” Abbott said. “Despite being the number one state to do business for 11 consecutive years, Texas will do even more to empower businesses and increase economic expansion. That’s why I’m promoting policies to cut the business franchise tax, further rein in regulatory regimes and elevate our higher education system to bolster our workforce so that Texas keeps creating jobs and opportunity.”  In the rankings, Texas was ahead of Florida, North Carolina, Tennessee and Georgia which rounded out the Top 5. California was once again the worst state for a second year.  The rankings takes into account state GDP, unemployment, domestic migration, state government and state-local tax burden.
-          Dallas Morning News, May 8, 2015

Saturday, February 7, 2015

Top 5 Job Growth Cities in US

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“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

Tuesday, December 30, 2014

Why Everybody Is Moving to Texas


Texas has become one of the hottest places to move to for both personal and business reasons over the past 5 years. In fact, over the past 5 years, more Americans—over 387,000 in 2013 alone—have chosen to move to Texas over any other state.
So what’s the big draw, y’all?
Best Reasons to Move to Texas
The number-one reason most people are relocating to other cities these days is their job situation—either they are looking to increase their earnings and career longevity or they have been unable to find a job in their current location and are moving for more opportunities.
The second most popular reason for relocating is housing affordability. For many people, these two reasons go hand in hand. Finding a place where they can secure a solid, good-paying job and purchase a home with increasing value in a nice neighborhood provides a great plan for long-term financial success and family security.
According to a recent study by Redfin, 9 of the top 10 fastest-growing U.S. metropolitan areas are those in which housing prices are the most affordable in the country. Of the top 20 fastest-growing cities, 5 belong to the Lone Star State: Austin, Houston, San Antonio, Dallas and Fort Worth.
Austin’s surge in population can easily be attributed to its consistently solid employment rate over the past 10 years. With an unemployment rate of just 4.6 percent and a projected growth rate of more than 4 percent by the end of 2015, Austin continues to have one of the strongest job markets in the state.
Another draw to the state is a low tax rate. This is especially important for many of the companies that are choosing to uproot themselves from the East and West Coasts and move inward to Texas. A lower tax rate and affordable real estate prices make it a no-brainer for larger companies wanting to save and smaller companies looking for a way to secure their financial future.

Monday, December 8, 2014

DFW Home Prices Rise 9.1% in October

Dallas-Fort Worth area home prices increased 9.1. percent in October year-over-year, outpacing the national average, according to the latest CoreLogic report releasedTuesday.   Overall, the country's home prices have been slowing down in the past few months and has only grown at moderate levels, according to economists.  "Home price growth is moderating as we head into the late fall and is currently running at half the pace it was in the spring of 2014," said Sam Khater, deputy chief economist at Corelogic, in a statement. "However, there are still pockets of strength, especially in several Texas markets, especially Dallas and Houston and other markets with strong economic fundamentals."   Based on CoreLogic projections, economists expect home prices to continue to rise, with home prices in over half of the United States to reach or surpass levels seen at the height of the housing bubble sometime in mid-2015.
-          Dallas Morning News, December 2, 2014

Tuesday, December 2, 2014

Dallas-Area Home Prices Reach Record

Dallas-Area Home Prices Reach Record
Prices of preowned homes in the Dallas area were up 7.4 percent in the latest Standard & Poor’s/Case-Shiller Home Price Index.  The gain in September from a year ago was the fourth highest in the country – significantly ahead of the 4.9 percent nationwide increase.  Home price increases nationwide have slowed in recent months, but in the Dallas area, the year-over-year price increases have remained steady.  Charlotte, North Carolina and Dallas continue to have price increases considerably above the national average.   Dallas-area home prices are now 12 percent higher than they were before the recession and at record level in the Case-Shiller index.
-          Dallas Morning News, November 26, 2014

Thursday, June 12, 2014

Next Portion of LBJ Freeway (I-635) Dallas, TX Expansion to Open July 12

Next Portion of LBJ Freeway Expansion to Open July 12

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The second phase of LBJ Freeway’s massive, $2.7-billion expansion will open July 12, developers announced today. This is the portion that includes LBJ’s interchange with Interstate 35E. If you’ve driven 35E lately, you’ve seen the new lengthy bridges that will be tolled and will connect that thoroughfare with LBJ. The interchange will feature the dynamic toll pricing that goes into effect on LBJ at midnight tonight.
-          Dallas Morning News, June 11, 2014

Wednesday, June 4, 2014

Home Prices Rise by 10.5 Percent Year Over Year in April

CoreLogic Reports Home Prices Rise by 10.5 Percent Year Over Year in April

 

June 03, 2014, Irvine, Calif. –

—––CoreLogic HPI Forecast Indicates National Home Prices Are Expected to Rise by 6.3 Percent from April 2014 to April 2015—

CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled services provider, today released its April CoreLogic Home Price Index (HPI®) report. Home prices nationwide, including distressed sales, increased 10.5 percent in April 2014 compared to April 2013. This change represents 26 months of consecutive year-over-year increases in home prices nationally. On a month-over-month basis, home prices nationwide, including distressed sales, increased 2.1 percent in April 2014 compared to March 2014.*
At the state level, including distressed sales, no states posted depreciation in April 2014. Additionally, Colorado, Louisiana, Nebraska, Oklahoma, North Dakota, South Dakota, Texas and Wyoming all surpassed their previous home price peaks. In all, 23 states and the District of Columbia are at or within 10 percent of their peak home price appreciation.
Excluding distressed sales, home prices nationally increased 8.3 percent in April 2014 compared to April 2013 and 1.1 percent month over month compared to March 2014. Distressed sales include short sales and real estate owned (REO) transactions.
The CoreLogic HPI Forecast indicates that home prices, including distressed sales, are projected to increase 1.0 percent month over month from April 2014 to May 2014 and by 6.3 percent (+/- 1.5 percent)** from April 2014 to April 2015. Excluding distressed sales, home prices are expected to rise 0.8 percent month over month from 1.0 percent month over month from April 2014 to May 2014 and by 5.5 percent (+/- 1.5 percent)** from April 2014 to April 2015. The CoreLogic HPI Forecast is a monthly projection of home prices built on the CoreLogic HPI and other economic variables. Values are derived from state-level forecasts by weighting indices according to the number of owner-occupied households for each state.
“The weakness in home sales that began a few months ago is clearly signaling a slowdown in price appreciation,” said Sam Khater, deputy chief economist for CoreLogic. “The 10.5 percent increase in April, compared to a year earlier, was the slowest rate of appreciation in 14 months.”
“Home prices are continuing to rise as we head into the summer months,” said Anand Nallathambi, president and CEO of CoreLogic. “The purchase market continues to suffer from a dearth of inventory which we expect will continue to drive prices up over the year.”
Highlights as of April 2014:
  • Including distressed sales, the five states with the highest home price appreciation were: California (+15.6 percent), Nevada (+14.8 percent), Hawaii (+14.1 percent), Oregon (+11.8 percent) and Michigan (+11.3 percent).
  • Excluding distressed sales, the five states with the highest home price appreciation were: Hawaii (+13.0 percent), California (+11.4 percent), Nevada (+11.1 percent), New York (+10.3 percent) and Florida (+10.2 percent).
  • Including distressed transactions, the peak-to-current change in the national HPI (from April 2006 to April 2014) was -14.3 percent. Excluding distressed transactions, the peak-to-current change in the HPI for the same period was -10.8 percent.
  • Excluding distressed sales, all 50 states and the District of Columbia showed year-over-year home price appreciation in April.
  • Including distressed sales, the U.S. has experienced 26 consecutive months of year-over-year increases; however, this is the smallest year-over-year increase since February 2013.
  • The five states with the largest peak-to-current declines, including distressed transactions, were: Nevada (-38.6 percent), Florida (-34.5 percent), Arizona (-29.5 percent), Rhode Island (-28.8 percent) and West Virginia (-24.2 percent).
  • Ninety-five of the top 100 Core Based Statistical Areas (CBSAs) measured by population showed year-over-year increases in April 2014. The five CBSAs that did not show an increase were: Hartford-West Hartford-East Hartford, Conn.; Milwaukee-Waukesha-West Allis, Wis.; Little Rock-North Little Rock-Conway, Ark.; Worcester, Mass.-Conn.; New Haven-Milford, Conn.
*March data was revised. Revisions with public records data are standard, and to ensure accuracy, CoreLogic incorporates the newly released public data to provide updated results.
** The forecast accuracy represents a 95-percent statistical confidence interval.

Thursday, May 29, 2014

More Home Buyers Are Bringing All-Cash Offers to the Table

More Home Buyers Are Bringing All-Cash Offers to the Table
And more of these buyers are individuals, not the institutional investors who plunged into the housing market in 2012 and 2013.   Wealthy people, foreigners and retirees are transforming markets across the United States with these all-cash deals, helping make up for an alarming shortage of first-time buyers who are struggling to save for a down payment or qualify for a loan, a cause of grave concern about the long-term health of the market and its prospects for a true recovery.  “It’s the investor and the wealthy individual that’s keeping the market alive,” said Mark Zandi, chief economist at Moody’s Analytics.  “The wealthy buyers in particular are fully engaged now. The stock market is up and times are good for them.”    But it is a frustrating time for first-time buyers who cannot compete because their offers included financing contingencies, appraisals and inspections.
-          Washington Post, May 26, 2014

Monday, April 14, 2014

Cypress Waters In Las Colinas

Straddled between Coppell and Irving in the city limits of Dallas, Cypress Waters is a dream come true for Lucy Billinglsey, the daughter of Trammell Crow.  
7-Eleven has announced that it is moving its headquarters and 1,000 employees to Cypress Waters.  Cheddars is building their corporate location there and Monitronics Security Systems has announced it is moving from Carrollton to Cypress Waters.  The business parks of Cypress Waters are booming.  Located at the northeast corner of I-635 and Belt Line Road, the development is in the Coppell ISD and the first elementary school is scheduled to open this fall.  More schools are planned.    The forst 800 apartment units are now occupied with some of the most appealing designs and architecture in the Metroplex.    Recently announced was the proposal for upscale restaurants in Cypress Waters on the shores of Northlake.  The dream is now reality, and Lucy Billingsley has made a significant mark in northwest Dallas County.

Wednesday, March 26, 2014

Highest Household Income Neighborhoods in the DFW Metroplex

According to the 2010 U.S. Census
Highest Household Income Neighborhoods in the Metroplex
1: Westlake (Westlake)
Mean Household Income: $526,590, Higley 1000 #12
2: Greenway Parks (Dallas)
Mean Household Income: $511,549, Higley 1000 #15
3: Westover Hills (Westover Hills)
Mean Household Income: $385,047, Higley 1000 #69
4: Old Preston Hollow (Dallas)
Mean Household Income: $338,351, Higley 1000 #158
5: Bluffview West (Dallas)
Mean Household Income: $335,935, Higley 1000 #168
6: Highland Park (Highland Park)
Mean Household Income: $330,032, Higley 1000 #188
7: Oak Tree (Dallas)
Mean Household Income: $327,123, Higley 1000 #204
8: Volk Estates-Windsor Place (University Park)
Mean Household Income: $323,486, Higley 1000 #218
9: Stratford Manor-Armstrong Fairway (University Park)
Mean Household Income: $322,282, Higley 1000 #224
10: Northaven Park (Dallas)
Mean Household Income: $313,955, Higley 1000 #251
11: Preston Hollow (Dallas)
Mean Household Income: $310,471, Higley 1000 #269
12: LakeSide on Preston (Plano)
Mean Household Income: $306,168, Higley 1000 #286
13: Willow Bend (Plano)
Mean Household Income: $304,801, Higley 1000 #296
14: Preston Royal (Dallas)
Mean Household Income: $304,679, Higley 1000 #299
15: Lakewood (Dallas)
Mean Household Income: $301,825, Higley 1000 #320
16: Bent Tree-Oakdale (Dallas)
Mean Household Income: $298,930, Higley 1000 #333
17: Timarron (Southlake)
Mean Household Income: $298,068, Higley 1000 #336
18: Timberlake-Princeton Park (Southlake)
Mean Household Income: $286,828, Higley 1000 #418
19: Bella Lago-River Hills (Flower Mound)
Mean Household Income: $281,696, Higley 1000 #456
20: Brook Meadows-Brighton Oaks (Colleyville)
Mean Household Income: $278,204, Higley 1000 #488
21: Cheyenne Village-Starwood West (Frisco)
Mean Household Income: $277,646, Higley 1000 #495
22: Russwood Acres (Dallas)
Mean Household Income: $275,175, Higley 1000 #523
23: Versailles-Cambridge Place (Southlake)
Mean Household Income: $271,015, Higley 1000 #566
24: University Heights-University Hills (University Park)
Mean Household Income: $266,284, Higley 1000 #620
25: Rivercrest Country Club (Fort Worth)
Mean Household Income: $265,238, Higley 1000 #632
26: Starwood East-Sterling Ranch (Frisco)
Mean Household Income: $265,076, Higley 1000 #635
27: Kings Ridge-Schoal Creek West (Plano)
Mean Household Income: $262,018, Higley 1000 #667
28: Stonebriar North (Frisco)
Mean Household Income: $261,486, Higley 1000 #676
29: Preston Trail Golf Club-Bent Tree Country Club (Dallas)
Mean Household Income: $260,066, Higley 1000 #700
30: Gentle Creek Country Club-Whitley Place (Prosper)
Mean Household Income: $255,529, Higley 1000 #766
31: The Dominion-Highland Oaks (Southlake)
Mean Household Income: $247,070, Higley 1000 #878
32: Denham Village-Whiffletree (Plano)
Mean Household Income: $245,842, Higley 1000 #896
33: Mansfield South (Mansfield)
Mean Household Income: $242,732, Higley 1000 #960
34: Bedford (Bedford)
Mean Household Income: $241,303, Higley 1000 #987
35: Loma Linda-Preston Place (University Park)
Mean Household Income: $240,133, Higley 1000 #998

Thursday, March 20, 2014

Energy Boom in Texas is Strong

Energy Boom in Texas is Strong
In Texas, oil and natural gas are synonymous with boom and bust.   A new field or a new technology brings a drilling rush and spectacular wealth.  Then just when nearly everyone has borrowed to the max, the bottom falls out.  Not this time, says John Auers, an oil analyst with Turner,  Mason & Co. engineering consultants in Dallas.   “This is a more sustainable and potentially longer-lasting boom,” he said.  “The early 80s were great times, but they became bad pretty quick.  That will not happen this time.”
-          Dallas Morning News. January 18, 2014

Wednesday, March 19, 2014

Gone to Texas

"Gone to Texas"
“Gone to Texas” was a common statement in the 1800s as people went west.  It is now a common statement again today.   In January, Texas gained 33,900 jobs while California lost 31,500 jobs.  The number one move across the nation is Californians moving to Texas.  It is jobs, it is cost of living, it is no income sales tax.  New home construction is booming across Texas, hence 6,200 of the new 33,900 jobs in December were construction related.   Politically, California is a liberal Democratic state.  Texas is the exact opposite, a conservative Republican state.   The typical Californian moving to Texas is a conservative, making California more liberal and Texas more conservative – day by day.  Two great states, and yet so very different.
-          Dallas Morning News (excerpts), January 15, 2014, January 18, 2014

Wednesday, December 18, 2013

10 Grammar Mistakes Almost Everyone Makes on the Web

10 Grammar Mistakes Almost Everyone Makes on the Web
With more of your communications going over the web, you, like other business people, may worry about grammar. You don't want to get nailed by the grammar police or, worse, make a goofy grammatical mistake that goes viral. Here are 10 grammar errors to watch out for as you post and comment. 

1. "Fewer" or "less?" Use "fewer" when referring to a lower number, as in: "They have fewer than 100 workers." Use "less" when referring to a smaller amount, as in: "We need to get there in less time."

2. "More than," not "over." When referencing a greater number, use "more than," as in: "We have more than 15 new clients." "Over" is simply incorrect. It indicates a physical position in space, or can mean "instead of," but not "more than."

3. "Affect" or "effect?" Think what these words mean as verbs and you'll use them correctly as nouns. To "affect" something means to influence it. So if you influence something, you will have an "affect" on it. To "effect" something is to cause it. So if it's the result of something, it's an "effect."

4. "Me" or "I?" Always use "me" following a preposition, as in: "for me," "with me," "to me," etc. But people can get tripped up when something else is added. They'll say: "for my company and I" or "to my partners and I." Check yourself by leaving out the other element. You'd never say "for I."

5. "I could care less." People say this to be dismissive, but it's incorrect. If you could care less about something, that literally means you care more about it now than you ultimately might! People forget to include the "not" in the phrase. The correct statement is: "I couldn't care less."
6. "Nauseous" or "nauseated?" "Nauseous" refers to something that's sickening to contemplate, but it's not how a person can feel. The correct expression is: "I feel nauseated."

7. Irregardless. This isn't a word. The word is "regardless."
8. The Oxford comma. This is the name for the last comma in a series of three or more items. It appears before the word "and" or "or" at the end of the list. For example: "The shirt comes in Small, Medium, Large, and Extra Large." You can omit the Oxford comma, but there will be times when the sentence won't make sense. Better to always put the Oxford comma in there.

9. Commas for clarity. Always read your copy out loud to see if you need a comma to make the meaning clear. "Let's eat my friend" is not the same invitation as: "Let's eat, my friend."
10. Quotation marks and punctuation. Punctuation belongs inside quotation marks.

The best way to make sure your grammar is correct is to check an authoritative source. PR professionals say two of the best are The Elements of Style and the AP Stylebook. Here's to your continued success with grammatically correct online communications, as you keep putting together your best year ever.... Enjoy a great month!

Friday, September 27, 2013

The largest real estate company in the world goes public

 The largest real estate company in the world goes public--

RE/MAX set to go public Wednesday

All eyes in the world of real estate world will be watching Wednesday as franchisor Re/Max Holdings Inc. goes public, an event that expected to shed light on investor sentiment about the housing recovery.  “We know that the real estate market has cooled off since the spike in rates, and while Lennar just told us that the home building business is doing much better than we thought, this may not be the ideal moment for a real estate brokerage play like RE/MAX to be coming public,” Mad Money host Jim Cramer said today.  “I do think Re/Max is worth watching, if only to see which way the market jumps — it could be an important tell for everything associated with residential real estate.”
According to Nasdaq.com, shares in Re/Max will begin trading on Wednesday, Oct. 2, sharing the limelight with Burlington Coat Factory.  Re/Max has said it expects to net at least $177 million from the initial public offering.
The franchise network serves more than 90,000 agents in 6,300 offices and 90 countries. The IPO of 10 million shares is expected to be priced at between $19 and $21 per share.  Re/Max will also grant underwriters of the IPO a 30-day option to buy up to 1.5 million additional shares.  If underwriters fully exercise their option to purchase additional shares, the net proceeds will total $205.2 million, the company said in an amendment to its S-1 registration statement with the Securities and Exchange Commission.
-         Inman News, September 26,2013

Saturday, August 17, 2013

First Look at the Dallas Cowboys New Indoor Training Facility

First Look at the Dallas Cowboys New Indoor Training Facility

dallas-cowboys-frisco-indoor-training-facility-drawing-concept
The Dallas Cowboys will share the complex with the Frisco Independent School District.    The stadium will seat a minimum of 12,000 fans for games. The practice facility will also be a multi-use facility that can be refigured to accommodate 22,000 seats for other events like concerts.  Current plans are that the Frisco ISD will have use of the facility on Thursday and Friday evenings for football games. As the first school district in the state with an indoor stadium, it will also be an attractive destination for “Blue Star Stadium” to host potential Texas playoff games as well.   Frisco will oversee design and construction of the stadium and parking facilities while the Dallas Cowboys will oversee design and construction of their headquarters.
-                      Dallas Morning News, August 16, 2013

Friday, August 16, 2013

Rising home prices in DFW brings influx of new listings



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Rising home prices in DFW brings influx of new listings
Dallas-Fort Worth's rising home prices -- reaching double-digit increases year-over-year -- have prompted more homeowners to put their houses on the market.   The North Texas area increased its new listings by 18 percent year-over-year in July to 10,176 listings, after the median home prices rose 14 percent in the same time period. The median home price in Dallas was $192,500. In the U.S., the number of new home listings rose 14 percent, with a median home price of $282,034.  Dallas-Fort Worth area homes sold at an average 98.7 percent of list price, compared with the national average of 99.1 percent of list price, according to the data.  With the new listings and an increase in inventory, home prices will moderate in coming months, but the housing market shows no signs of stopping.
-          Dallas Business Journal, August 12, 2013

Friday, August 9, 2013

Cash Sales Over 40% in 10 Markets

Cash Sales Over 40% in 10 Markets
Home buyers who require financing for their home purchase can struggle to compete against buyers who have offers of all-cash.  Where are all-cash deals are the most prevalent? Cash deals represented 80 percent of home sales in June in Vermont; 58 percent in Nevada; 57 percent in Florida, and 51 percent in New York, according to RealtyTrac. Cash deals represent a very small percentage in Texas, Utah, and New Mexico.  The markets with the most all-cash transactions tend to have a high number of foreclosures and depressed home prices, which attracts investors and private equity firms, according to RealtyTrac.   The following 10 metros had 40 percent or more all-cash deals out of the total home sales in June, according to RealtyTrac:
·         Miami/Ft. Lauderdale: 64%
·         Las Vegas: 62%
·         Tampa, Fla.: 58%
·         Detroit: 56%
·         Orlando: 53%
·         New York: 49%
·         New Orleans: 43%
·         Memphis: 43%
·         Jacksonville, Fla.: 42%
·         Atlanta: 42%
-           CNNMoney, July 25, 2013