Welcome to Dream Castle Realty

Welcome to the Homepage of Dream Castle Realty, The next generation of Realtor® in DFW Metroplex.We vow to provide you with the best possible customer service and a pleasant experience.

In addition to providing a world class customer service you will also get the following incentives by using our services.

We take pride in providing the best customer service possible you will work with an experienced Licensed residential specialist who will navigate you through end to end process of buying a home and will guide you and provide the expertise that you need .

Incentive for Buyers

• Once you identify an area or a Property we will work with you to negotiate the best price with the Builder.
• As a buyer we understand that you are constantly looking for new homes in and around the desired community of your choice.

Incentive for Sellers

• We will list your home for 1.5% Contact us for more details.

Our Latest Posts

Your One Source of All DFW Real Estate News from Dream Castle Realty

August 27, 20232023 / capital market / Dallas Real Estate Market / Dallas Real Estate Market News / Dallas Real Estate Market News / Economic Data / Economy / Home Prices / Inflation and home Prices / Interest rate / Market this week / Real Estate Market / Real Estate Tips / Real rates / Rent in DFW / Stock Market / Texas Median Home PricesMarket Summary Updates from Jackson Hole The much-awaited Jackson Hole speech by Fed Chair, Jerome Powell concluded this week. Fed chair alluded to keeping rates high for longer and left the door open for raising rates based on future inflation data. Powells speech was no surprise. The market largely anticipated the rates to be kept steady. Fed watchers are assigning a probability of 45% that the rates will increase by another 25-basis points by the end of the year. Powell reiterated that “Core goods inflation has fallen sharply, particularly for durable goods, as both tighter monetary policy and the slow unwinding of supply and demand dislocations are bringing it down”. He also reiterated that the lagging effect of monetary policy should show through more fully over time. Powell also confirmed that “Restrictive monetary policy has tightened financial conditions, supporting the expectation of below-trend growth.” Chair Powell also reiterated that 2% is the target rate of inflation and the Fed is determined to bring the inflation rate down to 2%.The Fed chair concluded by saying that we will keep at it until the job is done. Mortgage Rates 30 Year Mortgage rate stood at 7.23 % and 15-year Mortgage rate stood at 6.55 %, highest in 22 years. According to Mortgage Bankers association Applications for purchase mortgages dropped to their lowest levels since 1995. Market Stats Collin County Tarrant County Market Stats Tip of the week – Seller Impersonation The sale of real estate is one of the top transactions targeted by scammers. The latest scam affecting the public involves criminals impersonating a seller wanting to list a lot or vacant land. Stay informed on the latest scams to know what to watch forIt’s always a good idea to use trusted title companies and attorneys for closing documents and funds. Capital Market Updates Retail sales handily beat expectations, gaining 0.7% m/m and 1.0% ex-autos.The atlanta FED latest estimate for Aug 24 is at 5.9% up from 5.8% in August 16According to economist the Chinese economy is in desperate need of rescue.According to WSJ – For decades, China powered its economy by investing in factories, skyscrapers and roads. NOW THE MODEL IS BROKENAnother Journal Article alluded to the fact that Japanese companies are serious about boosting stock prices. Is this Japan’s decade? Is Buffet right to invest in Japan. Great Chart by Edward Jones showing inverse correlation of Fed Funds rate and Inflation – econ 101. If you have a friend or family members looking to Buy/Sell/Lease Residential or Commercial Properties. We are here to help you and and your loved ones. Let us help you find the home where your dreams come true [...]

Your One Source of All DFW Real Estate News from Dream Castle Realty

July 25, 20232023 / capital market / Dallas Real Estate Market / Dallas Real Estate Market News / Dallas Real Estate Market News / Economic Data / Economy / Home Prices / Inflation and home Prices / Interest rate / Real Estate Market / Rent in DFW / Shiller Index / Stock Market / Texas Median Home PricesMarket Summary Federal Reserve introduces instant payment, FedNow services this week. The FedNow service went live on July 20, 2023CPI rises 0.2 percent in June on a seasonally adjusted basis. CPI Stood at 3% from a year ago March 2021.China’s hypergrowth slows down. Real estate and government fueled boom is coming to an end.Fed keeps squeezing the peddle on rate hike. Federal Reserve raises Rate to 0.25%. The Fed fund rate stands at 5.25% – 5.5% highest in 22 years. The quarter point hike was unanimous.Consumer growing slowly.Fed will be data dependent and have left room open for further rate hikes. “We can afford to be a little patient, as well as resolute, as we let this unfold,” Fed chair Powell said.The next meeting is in September. We have 2 more months of CPI that Fed will take into consideration. Policy will still be held at Restrictive levels. Fed won’t be cutting rates this year – Powell. Personal Saving Rate of American is shrinking since covid high As noticed from the graph from St Louis Fed. The saving rate stood at 4.6 in May 2023 a significant drop of 33.8 in Apr 2020. The decline is below the average. Does this mean Americans are running out of money to spend ? Mortgage Rate Update Long term rates continue to fall 15 years stood at 6.06% and 30 years stood at 6.78% Market Stats The Median Price per square foot in Collin County stood at $216.86. Active Listings were up 0.2% YoY Lock-In Effect is Real in Residential Real estate. According to Realtor.com, there were 26% fewer U.S. homes listed for sale in June 2023 than in June 2022, and 28.9% fewer than in June 2019. An interesting article on fortune.com summed this well “just consider the fact that 91% of mortgage borrowers have an interest rate below 5%, including 70.7% with an interest rate below 4%. For those homeowners, it simply doesn’t make a lot of sense to sell and purchase a property right now at a 6% or 7% mortgage rate.” A Recent tweet by @NewsLambert from Fortune magazine draws attention to the fact of lock in effect Inventory shift between May 2019 and May 2023: Austin –> +4%Lakeland, Fla. –> -8%Colorado Springs –> -12%Boise City –> -14%New Haven, CT –> -74%Allentown, PA –> -74%Bridgeport, CT –> -78%Hartford, CT –> -80% pic.twitter.com/EP4HU6mBPi— Lance Lambert (@NewsLambert) June 19, 2023 Texas Ranked in Top 10 on CNBC Annual Ranking of Top States for Business 2023 CNBC annual ranking of Top states is out and the top spot for business this year went to North Carolina followed by Virginia and Tennesse. Georgia stood at #4, Minnesota at #5 followed by Texas. Texas was ranked # 2 in workforce If you have a friend or family members looking to Buy/Sell/Lease Residential or Commercial Properties. We are here to help you and and your loved ones. Let us help you find the home where your dreams come true [...]

Your One Source of All DFW Real Estate News from Dream Castle Realty

June 3, 20232023 / capital market / Dallas Real Estate Market News / Home Prices / Inflation and home Prices / Interest rate / Real Estate Market / Rent in DFW / Shiller Index / Stock Market / Texas Median Home PricesMarket Summary House and Senate passes Debt ceiling bill averting a US Default before the deadline of 06/05/2023Non-Farm Payroll Rose to 339,000 for the month of May 2023.Unemployment Rate rose to 3.7% from 3.4 % in AprilThe market is already pricing in a rate pause. The strong job report is an indication that the fed may have to do more to curb persistent inflation. Although inflation is coming down, but it seems to be more sticky than what Jerome Powell would have thought. Nonfarm Payrolls report showed 339k jobs added vs 195k est, while the prior two-months saw revisions of +93k as well. Unemployment rate went up from 3.4% to 3.7% (household survey showed decline of 310k in employment). Market sees this as hawkish initially. pic.twitter.com/worLKdpSnV— Liz Young (@LizYoungStrat) June 2, 2023 Consumer confidence seems to be strong so far up 0.4 percent in April 2023 Capital Market Update NVDIA temporarily became the 1st trillion-dollar company in terms of market cap from the chip sector fueled by AI Boom. Is this a bubble or is it really different this time only time will tell.  NVDIA posted non-GAAP EPS of $1.09, beating street estimates by $0.17. Trading at 40x – 50x multiple it’s still considered as cheap by many analysts. As Buffett said, “Price is what you pay value is what you get”. The euphoria around NVDIA AI BOOM is far from fading.  An interesting chart by @charliebilello. Great strategist if you are not following, please do follow. NVDIA trading at 38x Sales and 200x earnings. Home Prices Fall according to Case-Shiller Index  According to the case-shiller index home prices have retreated in the past few months after growing to record high between 2012 – 2022. Prices fell 1.2 percent from the previous year. They have fallen 7.5 percent since last June, when they peaked, but increased from February to March. Texas had the most vibrant real estate market between 2020- 2022 followed by Phoenix and Jacksonville According to Storagecafe, Houston followed by San Antonio is the most coveted Real Estate development market. The list also includes Austin, Dallas & Fort Worth. The city of Houston registered the largest number of single-family homes being permitted from 2013 to 2022, around 55,600 units, with 2021 and 2022 the best years of the decade for residential construction. The other cites outside of Texas that had a vibrant real estate market in the last part of decade were Phoenix at # 6 followed by Jacksonville Florida at #7 , Las vegas, NV at # 8 Home Sellers have started reducing their prices as the housingmarket cools off. Home Sellers have started reducing their prices as the housingmarket cools off. If you have a friend or family members looking to Buy/Sell/Lease Residential or Commercial Properties. We are here to help you and and your loved ones. Let us help you find the home where your dreams come true [...]

Your One Source of All DFW Real Estate News from Dream Castle Realty

April 29, 20232023 / Commercial Real Estate / Dallas Real Estate Market / Economy / Interest rate / Mortgage Rates / Real Estate Market / Rent in DFW / Texas Median Home PricesIs Commercial Real Estate the Next Shoe to Drop The average vacancy rate in office space was up 18.6% in Q1 2023. Although the work-from-home trend is improving as companies are mandating workers to return to office, but most spaces are still empty. As the bank earnings are unravelling, bank balance sheet seems to show more and more exposure to commercial real estate. The sectors that will be most impacted by commercial real estate bust will be banking, insurance companies that have invested or underwritten commercial mortgage loan. SIVB, Signature bank debacle has increased the nervousness among the market participants. A recent Bloomberg report shed light on Fed acknowledging that the lack of oversight staff at Fed NY branch led to the slow response on signature bank. It’s too late on Fed part to take responsibility Although the depositors were made whole Shareholders and bond holders lost big on these banks. This definitely has rattled the capital markets and the markets have not gained their footing so far from this debacle. Another bank that seems to be in the limelight post earning is First Republic Bank. Is First Republic bank next to fold? only time will tell. How is this all-related let’s try to understand that in these paragraphs. The failure of these banks has exposed the crack in balance sheet of small banks which are carrying longer Yield to Maturity (YTM) bonds. It all started with the era of free money where smaller banks were exempt from stress test and liquidity caps and as they got huge deposit, during the COVID era due to government transfers they ended up investing those at the longer end of the curve less did they know at that point that the free money was fueling inflation and the Fed will raise rate quickly and aggressively. With Fed raising rates depositors were getting 4-5% on CD’s and treasury bills. As the depositor rushed to withdraw their money in search of better yields these failed banks in an effort to ramp up liquidity were forced to sell many of their longer end YTM bonds at losses. Commercial Real estate is also struggling with the raising rates. Are these bank failures pointing to something systematic in the system. A recent article in Fortune highlights how commercial real estate lending standards is tightening and the Fed raising rate has not helped the space and many Commercial Real Estate (CRE) operators will struggle to repay their debt or keep up their mortgage payment if the Fed keep the rates up longer. Inflation seems to be deeply ingrained and persistent as such the Fed has no choice but to keep the rates longer. Let’s look at vacancies, Rising vacancies compounded with increasing rates have left quite a few office REITS scrambling in search of liquidity to service debt payment. The distress in the market will be exposed further once these loans mature. Morgan Stanley’s wealth management chief investment officer, Lisa Shalett, wrote in a recent report, “More than 50% of the $2.9 trillion in commercial mortgages will need to be renegotiated in the next 24 months . The note can be download here. A Recent section on Bisnow discussed the need for US Government intervention in Commercial Real. The article went on to say “Without some sort of intervention or assistance from federal regulators or a bailout from elected officials, industry advocates say the office sector could collapse — and drag regional banks down with it, causing the sort of broad financial catastrophe that nearly occurred with Silicon Valley Bank.” We don’t know yet what the impact of raising rates and lower liquidity will be on CRE market except headlines like “Blackstone REIT limits investor redemptions again in March”. All signs seem to be pointing to cracks emerging in the CRE space and headlines seems to be confirming to the same. Will these cracks take the dam down is something yet to be seen. As the market awaits Fed pivot it is yet to be seen if the pivot will be too late for Commercial Real Estate. The commercial space property value stood at $3.2 Trillion US has the highest vacancy rate running somewhere at approximately 18% Property Tax Relief with the passage of House Bill 2 The Texas house passed tax relief Bill. The Bill 2 establishes a 5% annualappraisal Cap on all the property types. 83(2) HB 2 – Enrolled version – Bill Text (texas.gov) The bill limits the ability of local governments to increase property tax revenue without obtaining voter approval.The bill requires certain information to be included in the notices of proposed tax rate increases sent to property owners.It mandates that the appraisal district website must include a link to a searchable database of all tax rates for each taxing unit.The bill increases transparency in the property tax process by requiring local governments to provide more detailed information about tax rates and revenue in their budget documents.It also requires the Comptroller of Public Accounts to develop a property tax administration system to provide more transparency and accountability.The bill establishes a Property Tax Administration Advisory Board to advise and assist the comptroller with the development of the new system.Finally, the bill provides for penalties for noncompliance and authorizes the attorney general to investigate and enforce the provisions of the bill. Market Stats – Greater Fort Worth Median Sale Price Stood at 333,500 down 0.8% YoYClosed Sales are down -12.4% YOYMonths of inventory stood at 2.7 up 1.6% YoY Market Stats – Collin County Contributor: Ishan Pandey follow me on Ishan Pandey @linkedin If you have a friend or family members looking to Buy/Sell/Lease Residential or Commercial Properties. We are here to help you and and your loved ones. Let us help you find the home where your dreams come true [...]