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.
Buyer Pre-Selected New Home If you have preselected a new home and need very minimal representation

We will offer you 2.5% of the Purchase price as Cash Back at the closing.

2.5% cash back at closing.
Buyer Pre-Owned Homes We will work with you and help you with negotiating the best offer on the pre-owned home and help you get the dream home of your choice. Pick us as your Agent to represent you We will offer you 1% of the purchase price as cash back at closing 1% cash back at closing
Seller List your Home We will guide you and work with you to stage your home, List it, Price your home and Market it List with us We will Sell you home for 1.5% List at 1.5% with us
Please call us at 469.554.9282 or Contact us for additional details on the above offers.

 

Incentive for Sellers

  • We will list your home for 1.5% Contact us for more details.
Our Latest Posts
January 24, 20242023 / 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 Prices2024 Texas Real Estate Market Summary and Analysis The Texas real estate market is known for its resilience and constant growth. With a strong economy, diverse cities, and a favorable business environment, Texas has become an attractive destination for homebuyers and real estate investors alike. In this comprehensive analysis, we will delve into the key aspects of the Texas housing market, including recent trends, pricing fluctuations, inventory levels, and expert predictions for the future. Population Growth and Housing Demand One of the driving factors behind the thriving Texas real estate market is the state’s rapid population growth. According to Texas REALTORS®, the population of Texas has been growing at a rate five times higher than the national average in the last two years. This significant population influx has created a strong demand for housing, putting pressure on inventory levels and driving up prices. Pricing Trends and Market Conditions Home Prices and Affordability In recent months, the Texas housing market has experienced some fluctuations in home prices. According to data from the Texas Real Estate Research Center, the median home price in Texas decreased by 1.5% from Q3 2022 to Q3 2023. Despite this slight decline, housing prices in Texas remain relatively high, with the median price standing at $340,000 in Q3 2023. This indicates that homes in Texas are still relatively less affordable compared to the national average. Impact of High Mortgage Rates One of the factors influencing the Texas housing market is the impact of high mortgage rates. These higher interest rates have put downward pressure on home sales, resulting in a 5.9% decline in home sales compared to the previous year. However, despite the challenges posed by high mortgage rates, the demand for new construction has shown resilience, indicating the continued growth and development of the housing market. Housing Supply and Inventory Levels Increase in Inventory In response to the growing demand for housing, inventory levels in Texas have seen a notable increase. Over the past year, available homes for sale have gone up by 15.2%, providing potential buyers with more options and choices [5]. This increase in inventory is a positive sign for buyers, as it allows for a more balanced market and potentially more negotiating power. Months of Inventory Despite the increase in inventory, Texas still faces a shortage of available homes, with the months of inventory standing at 3.7 in Q3 2023[5]. Ideally, a balanced market would have around six months of inventory, indicating that there is still room for growth in the housing supply to meet the high demand. Regional Analysis: Major Cities in Texas To gain a comprehensive understanding of the Texas real estate market, it is crucial to analyze the trends and conditions in major cities across the state. Let’s take a closer look at four of the largest cities in Texas: Houston, San Antonio, Dallas-Fort Worth, and Austin. Houston Houston, one of the largest cities in Texas, has experienced a slight decline in median home prices, with a 1.1% decrease year-over-year[6]. Despite the decline, the median price remains relatively high at 336,125 USD, indicating that Houston’s real estate market is still competitive. San Antonio San Antonio has also seen a slight decrease in median home prices, with a 1.6% decline compared to the previous year [6]. The median price in San Antonio stands at $319,900, making it a relatively more affordable option compared to other major cities in Texas. Dallas-Fort Worth In Dallas-Fort Worth, the median home price decreased by 1.2% year-over-year, reaching $400,000 [ 6 ]. Despite the decline, the real estate market in this region remains robust, driven by strong economic growth and a diverse range of housing options. Austin Austin, the capital of Texas, experienced a more significant decline in median home prices, with a 7.9% decrease compared to the previous year[6]. However, even with the decline, Austin’s median home price remains relatively high at $456,000, reflecting the city’s popularity and strong demand. Market Comparison: Texas vs. National Housing Market To understand the Texas real estate market in a broader context, it is essential to compare it to the national housing market. While the national median home price in Q3 2023 was $406,900, Texas had a slightly lower median price of $340,000[6]. This indicates that Texas offers relatively more affordable housing options compared to the national average. Expert Predictions for the Texas Housing Market To gain insights into the future of the Texas housing market, it is valuable to consider expert predictions and forecasts. While it is challenging to make accurate long-term predictions, experts offer valuable insights based on current trends and market conditions. New Listings and Months of Inventory New listings fell by 1.45 percent to 42,100 in October, with San Antonio contributing significantly to this decline. The months of inventory (MOI) grew to 3.8 months across all four major metros. The months of inventory indicate the number of months it would take to sell the current inventory at the current sales pace. A higher MOI suggests a more balanced market, while a lower MOI indicates a seller’s market. Median Home Price Fluctuations In October, the median home price in Texas experienced a 1.9 percent month-over-month (MOM) decrease, equating to over $6,000 less compared to the previous month. Despite this decline, half of the homes are priced between $200,000-$300,000 or $300,000-$400,000, making up 26 percent and 24 percent of total home sales, respectively. The Texas Repeat Sales Home Price Index, which measures the appreciation of homes, moderated at a 0.1 percent MOM loss but showed a 1.5 percent year-over-year (YOY) increase. Austin experienced the lowest annual appreciation with a 5.7 percent YOY decrease, while Houston exhibited the highest annual appreciation at 2.5 percent. Single-Family Permit Levels and Construction Texas’ single-family construction permits rebounded by 1.1 percent month over month (MOM) to 12,619 issuances. While Houston experienced a 4.6 percent decrease, San Antonio and Dallas saw double-digit monthly percentage gains at 31 and 24 percent, respectively. Austin rebounded with an 8.7 percent increase to 1,643 units. This rebound in single-family permit levels indicates the potential for increased construction activity in the coming months. It suggests that builders and developers are optimistic about the market’s future prospects. Texas Real Estate Market Statistics To gain a broader perspective on the Texas housing market, let’s examine some key statistics from Zillow as of November 30, 2023: Average home value in Texas: $296,127, reflecting a marginal decline of 1.4% over the past year.For Sale Inventory: 108,777 properties are available for sale, offering diverse options for potential buyers.New Listings: 26,168 new listings have entered the market, contributing to its vibrancy and constant evolution.Median Sale to List Ratio: The median sale to list ratio, an indicator of market competitiveness, is 0.987.Median Sale Price: The median sale price for homes in Texas is $325,000, while the median list price is $361,333.Percent of Sales: 20.1% of sales are recorded above the list price, while 58.8% are below the list price. Source: FHFA These statistics provide valuable insights into the current state of the Texas housing market, indicating a dynamic and evolving landscape. Top Areas in Texas with Expected Price Rise in 2024 Looking ahead to 2024, certain regions in Texas are projected to experience notable growth in home prices. Based on Zillow’s forecasts, the following areas show promising signs: McAllen, TX: Anticipated growth of 2.2% in home prices by November 30, 2024.Jacksonville, TX: Expected rebound with a 2.1% increase in home prices by the end of 2024.Stephenville, TX: Moderate rise of 1.3% in home prices, showcasing a steady upward trajectory.Palestine, TX: Projected increase of 1.2%, indicating resilience and growth in the real estate market.Mount Pleasant, TX: Stability with no change in home prices initially, followed by a modest growth of 0.7% by November 30, 2024. These regions present potential opportunities for buyers and investors, indicating positive market trends. Top Areas in Texas with Expected Price Reductions in 2024 While certain areas in Texas are expected to experience growth, it is equally important to consider regions where home prices are projected to undergo substantial reductions in 2024. Based on Zillow’s forecasts, the following areas indicate potential challenges for sellers and opportunities for buyers: Zapata, TX: Significant decline expected, with an anticipated drop of 9.5% by November 30, 2024.Pecos, TX: Consistent decline projected, with an expected drop of 9.1% by November 30, 2024.Alice, TX: Decrease in home prices expected, with an anticipated drop of 8.9% by November 30, 2024.Sweetwater, TX: A decline in home prices foreseen, with an expected drop of 8.2% by November 30, 2024.Raymondville, TX: Significant drop in home prices expected, with an anticipated decrease of 7.8% by November 30, 2024. These areas may offer favorable conditions for buyers looking for potential bargains in the market. Texas Real Estate Forecast for the Next Five Years While long-term predictions are subject to various external factors, economists generally expect home prices in Texas to experience slower growth in the next five years. Price appreciation is projected to be in the range of 2-4% annually, indicating a steady and sustainable market. As interest rates potentially decrease, inventory levels are expected to increase slightly, providing more opportunities for buyers. Conclusion The Texas real estate market remains robust and resilient, driven by population growth, strong demand, and a favorable business environment. While the market has experienced some fluctuations in home prices and inventory levels, experts predict stability and moderate growth in the coming years. As the state continues to attract homebuyers and investors, the Texas housing market is poised for continued success and development. Remember, the best way to navigate the Texas real estate market is to work with a trusted and experienced real estate agent who can provide personalized advice and guidance throughout the homebuying or selling process. With their expertise and knowledge of the local market, they can help you make informed decisions and achieve your real estate goals in the Lone Star State. Sources: https://www.texasrealestate.com/market-research/quarterly-housing-report/ https://www.recenter.tamu.edu/articles/special-report/2024-Texas-Real-Estate-Forecast-2407 https://www.recenter.tamu.edu/articles/technical-report/Texas-Housing-Insighthttps://www.redfin.com/state/Texas/housing-market https://www.zillow.com/tx/home-values/ https://www.redfin.com/state/Texas/housing-market https://www.recenter.tamu.edu/articles/technical-report/Texas-Housing-Insight https://www.neighborhoodscout.com/tx/real-estate https://www.niche.com/places-to-live/search/best-places-to-buy-a-house/s/texas/ https://www.fhfa.gov/DataTools/Tools/Pages/Four-Quarter-Heat-Map.aspx https://www.fhfa.gov/AboutUs/reportsplans/Pages/Fannie-Mae-Freddie-Mac-Reports.aspx https://www.recenter.tamu.edu/articles/technical-report/outlook-for-the-texas-economy 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 [...]
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 [...]
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 [...]
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 [...]

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