Good News from DFW - October 2020

Dated: October 30 2020

Views: 145

The DFW metroplex is buzzing with activity every month. I collect news from all corners of our part of Texas that make it easy for you to stay informed on our market, brighten your day, and joyfully take in this great place we call home.

Make it a great day!

IS YOUR FUTURE HOME HAUNTED?

haunted house

While many haunted houses opted not to reopen for this year's Halloween celebrations, did you know you can find real-life haunted houses to visit? Certain stigmas can affect the sale of a home, often negatively. Those include murders, suicides and yes... paranormal activity. According to real estate regulations in some states, a homeowner must disclose the fact to prospective buyers if he/she believe their home may be haunted. In fact, you can hire "paranormal inspectors" to help you determine the presence of spirits in your prospective home. Better yet, research. Ask the listing agent if the seller suspects anything. Strike up a conversation with the neighbors. Google the address of the home. Look up local police logs to see if anything unnerving happened there. And watch some episodes for Paranormal Home Inspections for some fun this season. Happy Halloween, y'all!

NEW HOME SALES NUMBERS SOAR

graph of new home sales

Source: HomesUSA.com

Home Builders have been capitalizing on the low inventory of preowned homes by meeting the demand of the influx of buyers in the market. According to Homes USA, total new construction home sales in Texas hit record levels statewide in all four of its major new homes markets: Dallas-Ft. Worth, Houston, Austin and San Antonio. They are building them as fast as they can, lumber market, labor shortages, logistics hurdles, and all! Don't be surprised if we walk into a builder's sales office and they tell us they'll hold the lot with a deposit, but can't write a contract until next month. Why? Because many builders are limiting the numbers of homes contracted in order to be able to deliver the homes in a timely manner without creating a backlog and frustrated buyers. If you're wondering where these new communities are popping up and what they're like, well they're everywhere in DFW developers can find land to buy. That means mostly the outskirts. North DFW towns and cities like Prosper, Celina, McKinney, Aubrey and others are building resort-style master-planned communities with amenities that are sure to entertain the whole family. Keep an eye out on MUDs and PIDs so you don't inflate your other costs of living. If proximity of location is still your main concern, there are new communities popping up in places like Valley Ranch, where the old Cowboys training headquarters used to be, or on the new outskirts of Carrollton border with Plano. Another option is finding individual land lots in different parts of Dallas, allowing you to select the builder of your choice for a truly custom home development. Check out new build communities all around DFW and what they have to offer, and contact me with questions any time. 

DALLAS CONTINUES TO SCORE IN BUSINESS

Dallas skyline

California continues to lose corporations, once again to DFW. CBRE - the commercial real estate giant - just announced it is moving its headquarters from Los Angeles to Dallas. Lucky for Californian residents, they are not expecting too many transfers or layoffs. Luckily for DFW, that should mean more jobs filled locally. Other businesses are growing now that they are here: an Arizona education tech firm grabbed 80,000sqft of space to make room for 400 more workers. And Frisco-based mortgage services company Evolve has plans to add over 200 workers this year. On a more hyper-local level, Carrollton was voted #9 in the Better Homes and Gardens Real Estate HomeCity study of The 25 Best Cities to Do Business in Texas. More jobs and more economic stability means good news for the local real estate market. 

If you're looking to sell, buy or invest in real estate, I'm just a phone call away!

 

214.244.2421

sherien@greaterdallasliving.com

Sherien Joyner

REALTOR®, GRI, Certified New Construction Specialist

Fathom Realty, LLC 

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Sherien Joyner

When you need a guide on your real estate journey, Sherien Joyner is the right choice for you. With over sixteen years of experience as an executive in the advertising and marketing industry, Sherien ....

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