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Dream Castle Realty News Letter – Property Taxes in Texas, Economy and Market

The best compliment you can give us is a referral to your family & friends

www.dreamcastlerealty.com

BALGOVIND PANDEY / BHARTI MISHRA

Email: govind.smarthomes@gmail.com

Phone : 510-364-8072 /940-231-3059

Web : https://www.dreamcastlerealty.com

The best Investment on Earth Is Earth – Louis Glickman

 March 2020-Vol 1


Spring Maintenance List


Time to tune in your HVAC
Have a qualified heating and cooling contractor clean and service the outside unit of the air conditioning system


Check your roof and Gutters

Clean up your gutters for any fall and winter debris. Check your roof to inspect any missing shingles


Check your Lawn Watering Schedule

Time to turn on those sprinklers and check your lawn watering schedules and adjust them


Check for any broken sprinkler heads and replace those


Clean up your windows and screen


Time to get those windows and screens dusted up


Texas Ranks 7th in Property Tax Nationally

According to WalletHub Texas has the seventh highest real estate property taxes nationally, according to a WalletHub study.


The Lone Star State’s effective real estate tax rate is 1.81 percent. Annual taxes on the state median home value ($161,700) is $2,621. On a $205,000 home, a Texas homeowner would pay $3,703 in property taxes yearly​​.
New Jersey has the highest effective real estate tax rate at 2.47 percent. Hawaii has the lowest at 0.27 percent.
 

Market update – Collin County & Tarrant County

Tarrant County:

Median Price in Fort Worth increased 5.7% YOY. Inventory dropped 0.3 % YOY. Average Days on Market was 68 days when compared to 69 days in 2019

Tarrant


Collin County:

Median Prices in Collin County increased 14.3 % YOY basis. Monthly inventory in Collin County decreased by 0.3%. Average Days on Market decreased by a day in Collin County

collin

Texas Ranked as Top State in terms of Commercial Real Estate Development

According to naiop.org The Lone Star State created and supported 378,700 CRE construction-related jobs, contributing $54.15 billion to the state’s economy in 2019.


Direct construction spending in Texas last year was around $20.9 billion.
​Texas ranked first in three of the four development types NAIOP looked at—office, warehouse/flex, and retail space.
 


San Antonio Market Experiences Strong growth

According to Express News San Antonio Experienced some of the best growth in terms of homes sales attributed to the Vibrant economy.

Prices also rose in January, with the median increasing 6 percent to $229,400. Most of the homes sold, about 57 percent, were priced between $200,000 and $499,000, with about 36 percent costing under $199,000 and about 6 percent over $500,000.


Allen City Council Approves 80 Acres Mixed Use Development

According to The Dallas Morning News The Allen City Council has approved a planned mixed-use development on State Highway 121.

The Development is bought by Thakkar Developers. The Development will include 1 million square feet of office space, 65 single-family homes, 1,600 urban residential units, three hotels and 275,000 square feet of retail, restaurant, and entertainment development at the southwest corner of State Highway 121 and Alma Road

Call us we are here to help

If you are a first-time buyer or an in the market looking for investment in real estate – Commercial, Residential, Farm land. We can help


We take pride in customer service and our clients see the value we provide.


We take ensure to make the process of buying, selling and leasing real estate seamless for you.

If you have a Family member, Friend looking to Buy/Sell Real Estate we will be glad to help.

Texas Real Estate News, Dallas Fort worth Top 10 Markets in 2020. Denton Rated as Boomtown

 

 

 

The best compliment you can give us is a referral to your family & friends

www.dreamcastlerealty.com

BALGOVIND PANDEY / BHARTI MISHRA

Email: govind.smarthomes@gmail.com

Phone : 510-364-8072 /940-231-3059

Web : https://www.dreamcastlerealty.com

The best Investment on Earth Is Earth – Louis Glickman

Nov 2019 Vol 1

 

Winter Maintenance List

Maintenance of your heating system

Have your furnace or boiler checked and serviced by a licensed contractor at least once a year, preferably before the heating season begins. Clean or replace the furnace filter on forced hot air systems. Check your chimney

Adjust temperature 

Adjust the temperature. A comfortable temperate is between 75 – 79 degrees select a temperature that is comfortable for you

Insulation

Add insulation in the attic

Seal your windows doors to close any open pocket of air. Add weather stripping around doors and caulk windows to guard against drafts and heat loss

Water leaks

Check for water leaks and fix problems immediately; wrap water piping in UL-Listed heat tape and insulate if it is exposed in unheated areas such as garages, crawl spaces or attics.

Trees

Trim trees and remove dead branches so they do not damage your home

Keep gutters clear of leaves, sticks and other debris

Check smoke detectors, fire alarms and carbon monoxide detectors, and replace batteries to ensure they are operating properly.

 
Check your Lawn Watering Schedule

Time to turn off those sprinklers.


 National Association of Realtors identifies 10 Markets expected to outperform

The National Association of Realtors® identified 10 markets expected to outperform over the next three to five years. In alphabetical order, the markets are:

  • Charleston, South Carolina
  • Charlotte, North Carolina
  • Colorado Springs, Colorado
  • Columbus, Ohio
  • Dallas-Fort Worth, Texas
  • Fort Collins, Colorado
  • Las Vegas, Nevada
  • Ogden, Utah
  • Raleigh-Durham-Chapel Hill, North Carolina

Tampa-St. Petersburg, Florida

“Some markets are clearly positioned for exceptional longer-term performance due to their relative housing affordability combined with solid local economic expansion,” said NAR’s Chief Economist Lawrence Yun

Texas shows positive occupancy rate and rent growth in 3Q2019

According to Texas A&M Real Estate Center, Texas’ economy remained healthy in the longest U.S. economic expansion on record. Payroll growth slowed, but unemployment rates hovered at historical lows. Average hourly earnings failed to make positive headway after adjusting for inflation; second-quarter real income per capita, however, increased.
The Residential Construction Leading Index rose to its highest level since the Great Recession amid falling interest rates and upward-trending building permits and housing starts

1 Billion Mixed use Development called Field Street District Planned in Dallas  

According to Dallas Morning News, A 1Billion Mixed use Development called Field Street District, is planned for a two-block, six-acre property on Woodall Rodgers Fwy. It is zoned for up to five million sf. 

Initial construction will include a combination of office space, retail space, and apartment units. 

Smartasset Ranks Denton in top 10 Boomtown in America

According to Smartassets – Boomtowns, characterized by prosperity and robust development, are often desirable places to put down roots and take out a mortgage. Economic growth provides employment opportunities and draws new residents. Some places, however, are growing faster than others. That’s why SmartAsset decided to find the cities in America where populations and job opportunities are rising rapidly.

From 2014 through 2018, the population of Denton, Texas increased by approximately 8%and the city’s household income increased by more than 36%. Unemployment in the city decreased by 0.2% since August 2018 and was at 3.1% as of July 2019. Furthermore, Denton has a top-10 rate for its five-year growth in the total number of establishments, indicating that businesses there are doing well

 

 

Call us we are here to help

If you are a first-time buyer or an in the market looking for investment in real estate – Commercial, Residential, Farm land. We can help

We take pride in customer service and our clients see the value we provide.

We take ensure to make the process of buying, selling and leasing real estate seamless for you.

If you have a Family member, Friend looking to Buy/Sell Real Estate we will be glad to help.

 

 

Texas Real Estate News, Interest Rates have fallen how is that affecting DFW market

 

 

 

The best compliment you can give us is a referral to your family & friends

www.dreamcastlerealty.com

BALGOVIND PANDEY / BHARTI MISHRA

Email: govind.smarthomes@gmail.com

Phone : 510-364-8072 /940-231-3059

Web : https://www.dreamcastlerealty.com

The best Investment on Earth Is Earth – Louis Glickman

Nov 2019 Vol 1

 

Winter Maintenance List

Maintenance of your heating system

Have your furnace or boiler checked and serviced by a licensed contractor at least once a year, preferably before the heating season begins. Clean or replace the furnace filter on forced hot air systems. Check your chimney

Adjust temperature 

Adjust the temperature. A comfortable temperate is between 75 – 79 degrees select a temperature that is comfortable for you

Insulation

Add insulation in the attic

Seal your windows doors to close any open pocket of air. Add weather stripping around doors and caulk windows to guard against drafts and heat loss

Water leaks

Check for water leaks and fix problems immediately; wrap water piping in UL-Listed heat tape and insulate if it is exposed in unheated areas such as garages, crawl spaces or attics.

Trees

Trim trees and remove dead branches so they do not damage your home

Keep gutters clear of leaves, sticks and other debris

Check smoke detectors, fire alarms and carbon monoxide detectors, and replace batteries to ensure they are operating properly.

 
Check your Lawn Watering Schedule

Time to turn off those sprinklers.


Cypress waters details plans for ten stories office building

According to Dallas Biz Journal,  Billingsley Co. is building a ten-story office tower at 3003 Olympus Blvd. within the 1,000-acre Cypress Waters mixed-use development.

The first of three new office towers on North Lake, the 322,877-sf building will have 31,933-sf floor plates.

Construction is estimated to cost $53.4 million. ​​

It was designed by O’Brien Architects. Rogers-O’Brien Construction will build the project. Billingsley Co. will handle leasing.

Work starts next spring​​, with completion set for late 2021

Median prices up 5.2% in Collin county and 4.3% in Tarrant county

Parameters

Collin County

Median Price

$242K

Days on Market

56

Median Price per sq Ft

$ 122.14

Click to enlarge

Texas home prices rises steadily

AUSTIN (Texas Realtors) – Texas home sales and median price had steady increases in third quarter 2019, according to Texas Realtors’ Texas Quarterly Housing Report.​​

Last quarter, 100,733 homes were sold statewide, an increase of 6.4 percent compared with 3Q2018. The median price increased 4.3 percent to $245,000. 

Of all the homes sold within the third quarter, 33.4​​​ percent were priced from $200,000 to $299,999, the highest share of sales among all price-class distributions. Homes priced from $100,000 to $199,999 represented the second-highest share of sales with 26.9 percent.

Cedar Park, Southlake among best small cities to live in

​WASHINGTON (WalletHub) – Two Texas​ cities have landed on WalletHub’s list of the best small American cities in which to live.

Ranking tenth overall, Cedar Park was third in economic health, 49th in affordability, 284th in safety, 369th in education and health, and 393th in quality of life. 

No. 14 Southlake was seventh​ in economic health, 11th in affordability, 229th in safety, 475th in education and health, and 554th in quality of life. 

The North Texas city also had the lowest housing costs and the second highest percent of people with a high school diploma or higher. It was also fourth in both highest homeownership rate and lowest percent of population in poverty

 

Texas job growth decelerates in September

DALLAS (Federal Reserve Bank of Dallas) – Texas employment will grow 2.1 percent this year, according to the Texas Employment Forecast by the Federal Reserve Bank of Dallas.

Based on the forecast, the state will add 263,700 jobs this year. Employment in December 2019 will reach 12.9 million.

This prediction comes after incorporating September 2019’s annualized employment growth of 0.7 percent and a decrease in the leading index.

“After strong growth in June and July, Texas jobs decelerated in August and September,” said Keith R. Phillips, Dallas Fed assistant vice president and senior economist. “The weakness in oil and gas extraction is spilling over to other sectors such as transportation and warehousing, which experienced job losses in both August and September.

Call us we are here to help

If you are a first-time buyer or an in the market looking for investment in real estate – Commercial, Residential, Farm land. We can help

We take pride in customer service and our clients see the value we provide.

We take ensure to make the process of buying, selling and leasing real estate seamless for you.

If you have a Family member, Friend looking to Buy/Sell Real Estate we will be glad to help.

 

 

Texas Real Estate News, Home Prices Rise in Austin, Toyota San Antonio Auto plant in Texas

 

 

 

The best compliment you can give us is a referral to your family & friends

www.dreamcastlerealty.com

BALGOVIND PANDEY / BHARTI MISHRA

Email: govind.smarthomes@gmail.com

Phone : 510-364-8072 /940-231-3059

Web : https://www.dreamcastlerealty.com

The best Investment on Earth Is Earth – Louis Glickman

Sept 2018 Vol 20109 -01

 

Spring Maintenance List

Time to tune in your HVAC

Have a qualified heating and cooling contractor clean and service the outside unit of the air conditioning system

Check your roof and Gutters 

Clean up your gutters for any fall and winter debris. Check your roof to inspect any missing shingles 

Check your Lawn Watering Schedule 

Time to turn on those sprinklers and check your lawn watering schedules and adjust them

Check for any broken sprinker heads and replace those

Clean up your windows and screen

Time to get those windows and screens dusted up


Supply Demand Imbalance causes home prices to rise in Austin

 

AOB The cost of single-family homes in the metro is rising because of an imbalance between supply and demand. The Austin Board of Realtors (ABoR) recorded 3,189 home sales through the MLS in August 2019, a 5.8 percent increase from last year.

However, while home sales continued increasing, market listings continued to decrease.

Single-family home sales increased 5.8% to 3,189, while the median price was $326,500, a 2% year-over-year increase. New listings decreased 7.1% to 3,457 and active listings decreased 9.3% to 7,074. Inventory stood at 2.7 months.

 

San Antonio Net absorption increases

According to NAI overall vacancy stood at 6.8%, an increase from the 6.2% reported in August 2018. Meanwhile, the 2.3 million square feet of absorption registered was a 2.1 million-square-foot increase from the -203,904 square feet from the year before.

The vacancy rate for Class A properties is at 14.4%, up from 12.0% as of August 2018. Year-to-date net absorption is at 2.3 million sq. ft., up from negative 204,000 sq. ft. year-over-year.

Market Activity Courtesy NAI

Market Activity Courtesy NAI

Texas Housing report

  • 30-year mortgage rates fall at 3.64% as of sept 27 2019.
  • Housing permits on new construction falls due to labor constraints 0.6% QOQ
  • Current median price is at $240,515
  • Months of inventory stands at 3.7
Texas Housing Report

Texas Housing Report

Toyota invests $400M in San Antonio Plant

According to San Antonio Business Journal Toyota Motor Corp will invest $400M in Toyota Manufacturing Texas plan in San Antonio .

The San Antonio Toyota plant, which produces Tundra and Tacoma pickup trucks, employs about 3,200 people.

Texas Economy outlook

According to Wallethub, Texas is the most diverse state trailing behind only California.

Texas Economy Courtesy Texas A&M

Texas Economy Courtesy Texas A&M

San Antonio ranks third for home price growth

According to FHA, U.S. house prices rose in the second quarter of 2019, up 1.0 percent according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI).  House prices rose 5.0 percent from the second quarter of 2018 to the second quarter of 2019.  FHFA’s seasonally adjusted monthly index for June was up 0.2 percent from May.

Single-family home prices in San Antonio have increased 8.9 percent over a year ago. The pace of home construction in San Antonio has also reached a 12-year high in the second quarter, according to a Metrostudy report.

New Home construction increased 6.8 percent spike over the same period last year. Other Texas cities included in the top ten overall price growth rankings were Austin (fourth) and El Paso (tenth).

 

Developers of Granite Properties building the largest tower in West Plano

According to Dallas News “This will be the tallest building in Granite Park,” said Will Hendrickson, Granite Properties’ senior managing director. “It will also be the nicest and the most heavily amenitized building we have ever delivered.”

The tower is designed by BOKA Powell and is slated to start in 2020

 

 

Call us we are here to help

If you are a first-time buyer or an in the market looking for investment in real estate – Commercial, Residential, Farm land. We can help

We take pride in customer service and our clients see the value we provide.

We take ensure to make the process of buying, selling and leasing real estate seamless for you.

If you have a Family member, Friend looking to Buy/Sell Real Estate we will be glad to help.

 

 

Is it time to Buy, Austin named best city to live. Texas ranked best state to start business

 

 

 

The best compliment you can give us is a referral to your family & friends

www.dreamcastlerealty.com

BALGOVIND PANDEY / BHARTI MISHRA

Email: govind.smarthomes@gmail.com

Phone : 510-364-8072 /940-231-3059

Web : https://www.dreamcastlerealty.com

The best Investment on Earth Is Earth – Louis Glickman

Sept 2018 Vol 20109 -01

 

Spring Maintenance List

Time to tune in your HVAC

Have a qualified heating and cooling contractor clean and service the outside unit of the air conditioning system

Check your roof and Gutters 

Clean up your gutters for any fall and winter debris. Check your roof to inspect any missing shingles 

Check your Lawn Watering Schedule 

Time to turn on those sprinklers and check your lawn watering schedules and adjust them

Check for any broken sprinker heads and replace those

Clean up your windows and screen

Time to get those windows and screens dusted up


Wallethub ranks Austin to be the second best city to live 

According to WalletHub – The Texas capital is the second-best large city in which to live, according to WalletHub’s comparison of the 62 largest U.S. cities. Austin lost the top spot to Virginia Beach, Va., by a narrow margin.

WalletHub, a personal finance website, based its rankings on indicators such as quality of public schools, job opportunities, and property taxes.

Austin ranked third in “economy,” eighth in “education and health,” 17th in “quality of life,” and 30th in “affordability.” It was in a six-way tie for first in “highest income growth.”

Other Texas cities ranking among the top 50 were Arlington (25th), Fort Worth (30th), San Antonio (31st), El Paso (32nd), Corpus Christi (43rd), Houston (45th), and Dallas (47th).

 

Texas Housing Supply at a glance

 

13 Master planned communities from Texas among the top selling across nation 

According to RCLCO Real Estate Advisors 13 Texas communities landed on RCLCO Real Estate Advisors’ list of the top 50 master-planned communities, representing 21 percent of sales nationwide

Texas Ranked Best State to Start Business 

The Lone Star State was first in business environment and 11th in ​access to resources. It also ranked:​

  • fourth in longest ​average length​ of work week in hours;
  • fourth in average growth in number of small businesses;
  • fifth in highest total spending on incentives as a percentage of gross domestic product;

Texas offers a business-friendly environment characterized by low taxes (e.g., no state income tax) and less burdensome regulation that favors a market economy that has created lower costs for doing business,” commented Real Estate Center Research Economist Dr. Luis Torres

Demand for industrial space continues to grow 

According to CBRE The Market saw nearly 5.2 million sf of net absorption last quarter, up from the first quarter. 

  • Construction starts totaled 5.3 million sf, and 23.5 million sf of industrial space is currently underway. Nearly 4.6 million sf was delivered.
  • The vacancy rate decreased slightly over the quarter to 6 percent. Read more here 

 

Call us we are here to help

If you are a first-time buyer or an in the market looking for investment in real estate – Commercial, Residential, Farm land. We can help

We take pride in customer service and our clients see the value we provide.

We take ensure to make the process of buying, selling and leasing real estate seamless for you.

If you have a Family member, Friend looking to Buy/Sell Real Estate we will be glad to help.

 

 

Is this the Best time to Invest in Single Family? Industrial Space in Demand, All you need to know about Foundation Repair

 

 

 

The best compliment you can give us is a referral to your family & friends

www.dreamcastlerealty.com

BALGOVIND PANDEY / BHARTI MISHRA

Email: govind.smarthomes@gmail.com

Phone : 510-364-8072 /940-231-3059

Web : https://www.dreamcastlerealty.com

The best Investment on Earth Is Earth – Louis Glickman

OCT 2018 Vol 201810 -01

 

Fall Maintenance List

Clean Gutters

Fall is a good time to clean your gutter after the leaves have fallen from the tree especially if you live in a snow zone

With heating on and Furnaces running its a good time to check and replace your smoke detector batteries

Sprinkler setting

You Lawn may still need water in fall it may not need as much as peak summer. Please check and adjust your sprinkler setting. Don’t forget to winterize your sprinkler systems

Winter proof your windows and doors

If you live in cold temperatures make sure to caulk your windows and check the weather strip at door to save on heating cost

Grills and Drain hoses

Clean Cover and winterize your grills and out away the drain hoses

HVAC

Change filter to your HVAC and add some bleach to the drains to clean up any Algae Build up

Fireplace and Chimney

Make sure to get your chimney cleaned if you use it. Stock up on firewood if you use a wood burning fire place. Clean up Gas value for any dirt and debris to get it ready for winter for gas fire places

Dallas Fort-worth Market transitions from Seller to Buyer Market as home sales continue to Normalize

Dallas Fort-worth Market transitions from Seller to Buyer Market as home sales continue to normalize

According to data from the Real Estate Center at Texas A&M University and North Texas Real Estate Information Systems.This has been the biggest drop in Sale since 2011.
This has lead to rush of investors who were on the fence

Mortgage rates on average are currently about 4.7 percent

According to Real Estate Center Chief Economist Dr. Jim Gaines​ at A&M. The Numbers are going to be Flat.

 

Texas Housing Market

Construction of Frisco Station Launched

The 242 Acre Mixed-use project is part of Frisco’s so called $5 billion mile and runs across Dallas Cowboys new Headquarters.
“Frisco Station is one of the most robust office locations in North Texas,” Meyer said. “When we started construction (on the first office building) almost two years ago to the day we knew it would attract top talent and corporations.” ..Read More

 

New Opportunity Zone is a boon for Real Estate Investors and Developers

As reported by WSJ, The Treasury Department designed the rules for the Opportunity Zone program to give businesses enough flexibility and certainty to start making major investments.
The program, with bipartisan roots, was a small piece of last year’s tax law and has been attracting intense attention from real-estate developers and fund managers who have been soliciting investors and anxiously awaiting the rules.

 

Fort-worth Named a 6th Fastest-Growing Cities in the U.S

According to a report by Wallethub. Fort-worth is named as the 6th Fastest-Growing Cities in the U.S. No.1 spot went to Austin followed by Miami and Seattle.


Charlotte, NC was on 4th spot, Denver on 5th and Fortworth on 6th
Complete list can be found here

 

PWC ranks Dallas Fort-worth as No.1 markets to watch in 2019

Dallas is no stranger to being in the top ten rankings, and this year it returns to the number-one spot in the 2019 survey. As a business friendly market, the area has capitalized on the emerging trends of the last decade by focusing on disciplined development, investing in modern infrastructure, and creating spaces where people love to live, work and play.

The low cost of living, low cost of doing business,​​ and tax efficiency continue to draw people to North Texas. T​​​​​​​​​​​​he area’s population growth rate is projected to be more than two times the national average in 2019. That growth is skewed ​​toward people aged 40 and younger. ​

Texas again has three markets in the top 20, as Austin and San Antonio join Dallas/Fort Worth

 

 

 

1M Sq Distribution center coming off of I-820 and I-35W

According to Dallas Morning News – Dallas-based Hunt Southwest Real Estate is building a massive industrial building near I-820 and I-35W.

The one million-sf speculative distribution and fulfillment center will sit on 77 acres at 1511 N.E. Loop 820 Service Rd.

It will include a 40-ft clearing height, 196 dock doors, and additional land to be used for seasonal employee parking or extra trailer parking.

 

Multi-Family Market grows in Austin. San Antonio Remains Steady

According to a report by Rebusinesss, Both multifamily markets have been in growth mode since the Great Recession, Austin has outpaced San Antonio with a rapid rate of expansion during this time. Austin’s job growth has risen steadily at an average annual pace near 4 percent since 2010. In addition, strong migration to the metro has contributed to the 20,000-plus households that have been created annually during this span.

 

Call us we are here to help

If you are a first-time buyer or an in the market looking for investment in real estate – Commercial, Residential, Farm land. We can help

We take pride in customer service and our clients see the value we provide.

We take ensure to make the process of buying, selling and leasing real estate seamless for you.

 

 

 

  

 

 

 

 

If you have a Family member, Friend looking to Buy/Sell Real Estate we will be glad to help.

 

 

Texas Housing Market Steady. Cap Rates for Retail rises. Amazon Mulling Expansion of Cashless Go Stores

 

 

 

The best compliment you can give us is a referral to your family & friends

www.dreamcastlerealty.com

BALGOVIND PANDEY / BHARTI MISHRA

Email: govind.smarthomes@gmail.com

Phone : 510-364-8072 /940-231-3059

Web : https://www.dreamcastlerealty.com

The best Investment on Earth Is Earth – Louis Glickman

Sept 2018 Vol 20109 -01

 

Fall Maintenance List

Clean Gutters

Fall is a good time to clean your gutter after the leaves have fallen from the tree especially if you live in a snow zone

With heating on and Furnaces running its a good time to check and replace your smoke detector battries

Sprinkler setting

You Lawn may still need water in fall it may not need as much as peak summer. Please check and adjust your sprinkler setting. Dont forget to winterize your sprinkler systems

Winter proof your windows and doors

If you live in cold temperatures make sure to caulk your windows and check the weather strip at door to save on heating cost

Grills and Drain hoses

Clean Cover and winterize your grills and out away the drain hoses

HVAC

Change filter to your HVAC and add some bleach to the drains to clean up any Algea Build up

Fireplace and Chimney

Make sure to get your chimney cleaned if you use it. Stock up on firewood if you use a wood buring fire place. Clean up Gas value for any dirt and debris to get it ready for winter for gas fire places

Existing home sales are steady

According to National Association of Realtors, Existing homes sales are steady. Sales remained unchanged from July at a seasonally adjusted rate of 5.34 million sales. That’s down 1.5 percent from a year ago.

The median existing-home price for all housing types was $264,800 last month, up 4.6 percent from August 2017. This marks the 78th straight month of year-over-year gains. Total housing inventory also remained unchanged from July at 1.92 million existing homes up for sale. In August 2017, there were 1.87 million homes for sale.

First-time home buyers accounted for 31 percent of sales in August. ​

Cap Rates for Commercial properties remains steady and increases for retail sector

According to cpexecutive.com – Cap rates for the first quarter were between 5.1 and 6.8 percent, with Suburban Office and Retail posting the highest rates. Mid- and High-rise Apartments traded at the lowest cap rates (5.1 percent), followed by CBD Office at 5.1 percent. Garden Apartment cap rates increased by more than 11 basis points in the first quarter of the year, while CBD Office decreased by 18.1 basis points and Suburban Office fell by 11.7. Year-over-year, Retail assets commanded the highest growth for commercial properties (11.8 basis points).

Increase in Hospitality sector investment due to tax reforms

According to San Antonio Express-News – Blackstone has purchased The JW Marriott San Antonio Hill Country Resort & Spa.

The 1,002-room resort and the adjacent TPC San Antonio golf course at 23808 Resort Pkwy. opened in 2010 and cost over $600 million to build.

It includes two golf courses, spa, nine-acre water park, high-end restaurants, and nearly 270,000 sf of convention space.

In 2016, the hotel finished a $16 million expansion to its waterpark and meeting and event space. It finished an additional $500,000 worth of renovations in early 2018.

Texas Economy Going Strong

AUSTIN (Texas Workforce Commission) – The Texas economy added 32,000 seasonally adjusted nonfarm jobs in August, marking 26 consecutive months of employment growth.

According to data from the Texas Workforce Commission, the state’s seasonally adjusted unemployment rate was 3.9 percent, down from 4 percent in July.

Over the year, the state added 394,500 jobs for an annual employment growth rate of 3.2 percent.

Microsoft plans to develop three data centers in San Antonio to enhance cloud offering

According to San Antonio Business Journal – Microsoft Corp. plans to build three data centers for $62 million, according to Texas Department of Licensing and Regulation. The new development appears to be on the far edge of the Texas Research Park at 15000 Lambda Dr. Each single-story data center will span about 225,000 sf and include a 14,000-sf office portion.

Work is slated to begin in October and wrap up by August 2019.​​

Amazon Expanding its line of cashless stores

Founder and CEO Jeff Bezos is mulling the expansion of the cashierless Amazon Go concept by as many as 3,000 stores in the next three years, Bloomberg reports. The tentative plan for expansion would be reaching 10 Amazon Go stores by the end of this year, 50 by the end of 2019 and 3,000 by the end of 2021, which would give it a number of locations competitive with many national convenience store chains. ..Read more

Call us we are here to help

If you are a first-time buyer or an in the market looking for investment in real estate – Commercial, Residential, Farm land. We can help

We take pride in customer service and our clients see the value we provide.

We take ensure to make the process of buying, selling and leasing real estate seamless for you.

 

 

 

  

 

 

 

 

If you have a Family member, Friend looking to Buy/Sell Real Estate we will be glad to help.

 

 

Texas Ranked 3rd among International home Buyers followed by Florida and California

 

 

The best compliment you can give us is a referral to your family & friends

www.dreamcastlerealty.com

BALGOVIND PANDEY / BHARTI MISHRA

Email: govind.smarthomes@gmail.com

Phone : 510-364-8072 /940-231-3059

Web : https://www.dreamcastlerealty.com

The best Investment on Earth Is Earth – Louis Glickman

Sept 2018 Vol 20109 -01

 

Spring Maintenance List

Time to tune in your HVAC

Have a qualified heating and cooling contractor clean and service the outside unit of the air conditioning system

Check your roof and Gutters

Clean up your gutters for any fall and winter debris. Check your roof to inspect any missing shingles

Check your Lawn Watering Schedule

Time to turn on those sprinklers and check your lawn watering schedules and adjust them

Check for any broken sprinker heads and replace those

Clean up your windows and screen

Time to get those windows and screens dusted up

 

Minor growth in rent in Metroplex Rest of the areas relatively flat

According to Apartment List The rent grew in some areas in metroplex and remained flat in the rest

The median rent in Dallas grew 0.3 percent over the year but was unchanged from July. A one-bedroom costs $894, and a two-bedroom costs $1,111

Fort Worth rents also grew 0.8 percent over the year and only 0.1 percent since July. A one-bedroom costs $922, while a two-bedroom is $1,145. 

 Orlando, Fla., had the nation’s fastest year-over-year rent growth at 5.3 percent. Seattle experienced the largest dip in rents, dropping 2.4 percent over the year. 

 

 

Texas Ranked 3rd among International home

Buyers followed by Florida and California

According to TAR International Buyers bought $10.8 Billion work of real estate in Texas between Apr 2017 to Mar 2018

Texas is ranked third amount the US States for international home sale behind florida and California

Six Texas metropolitan statistical areas (MSA) are in the top 50 MSAs nationwide for immigration, according to the latest Yearbook of Immigration Statistics from the Department of Homeland Security:

  • No. 6 – Houston – Sugar Land – The Woodlands
  • No. 8 – Dallas – Fort Worth – Arlington
  • No. 26 – Austin – Round Rock – San Marcos
  • No. 28 – San Antonio – New Braunfels
  • No. 33 – El Paso
  • No. 48 – McAllen – Edinburg – Mission

 

According to Case Shiller Index Dallas reported the

lowest increase in home prices

Metroplex home Prices grew the lowest in almost 6 years according to Shiller’s Latest Home index

Dallas prices were up only 5.2 percent from a year ago, less than the 6.2 percent nationwide price gain from June 2017.

North Texas home price increases have been decelerating in recent months as the supply of houses for sale has grown and purchases have slowed.

Sales volume for single-family homes increased 3.68% YoY from 9,051 to 9,384 transactions. Year-to-date sales reached a total of 55,531 closed listings.

Median price rose 5.77% YoY from $260,000 to $275,000, while the median price per square foot also rose from $120.44 to $127.38.

DFW office Rents increases slowly

According to dallas morning news, Average asking rent for Dallas offices went up by almost 3% . The National Rent increases stood at 3.4%. Austin area rent increases were 6.8%

According to Transwestern principal Michael Griffin who represents office tenants. “The percentage increase is decreasing compared to several years ago.”

DFW asking rates were at an average rate of $25.62 well below $38.01 that of Austin and $30.78 in Houston. Office rents were highest in SFO at $74.40 per square foot

 

JV Acquires 1 MSF Data Center Portfolio

According to cpexecutive.com joint venture between Lincoln Rackhouse and Principal Real Estate Investors has acquired a data center portfolio totaling one million square feet throughout facilities in Dallas, Phoenix and Kansas City, Mo. 

The portfolio includes 1000 Coit Road in Plano, a two-story asset offering 454,421 square feet on 23.8 acres

 Call us we are here to help

If you are a first-time buyer or an in the market looking for investment in real estate – Commercial, Residential, Farm land. We can help

We take pride in customer service and our clients see the value we provide.

We take ensure to make the process of buying, selling and leasing real estate seamless for you.

 

 

 

  

 

 

 

 

If you have a Family member, Friend looking to Buy/Sell Real Estate we will be glad to help.

 

 

Texas Housing Market going strong complimented with good job

 

 

The best compliment you can give us is a referral to your family & friends

www.dreamcastlerealty.com

BALGOVIND PANDEY / BHARTI MISHRA

Email: govind.smarthomes@gmail.com

Phone : 510-364-8072 /940-231-3059

Web : https://www.dreamcastlerealty.com

The best Investment on Earth Is Earth – Louis Glickman

July 2018 Vol 201807 -01

 

Spring Maintenance List

Time to tune in your HVAC

Have a qualified heating and cooling contractor clean and service the outside unit of the air conditioning system

Check your roof and Gutters

Clean up your gutters for any fall and winter debris. Check your roof to inspect any missing shingles

Check your Lawn Watering Schedule

Time to turn on those sprinklers and check your lawn watering schedules and adjust them

Check for any broken sprinker heads and replace those

Clean up your windows and screen

Time to get those windows and screens dusted up

 

Housing Market going strong complimented with good job market price per sq foot rose from $132.39 to $140.32

 

According to the latest figures published by the Texas Workforce Commission. This marks a 2.54% year-over-year (YoY) increase compared with June 2017, a net increase of 92,200 new jobs.

The average sales price rose 5.91% YoY from $323,905 to $343,052, while the average price per square foot subsequently rose from $132.39 to $140.32. Median price rose 5.66% YoY from $265,000 to $280,000, while the median price per square foot also rose from $122.76 to $130.76.

Months inventory for single-unit residential housing rose from 2.6 to 2.9 months’ supply, and days to sell declined from 68 to 67.

Market Snapshot

 

Median Home Prices in Fort Worth up

The local median home price increased 7.8 percent​ year over year to $227,250 in June, according to the Greater Fort Worth Association of Realtors (GFWAR).

The inventory of homes for Sales has also increased

 

Texas Health Hospital will build a 195,40​​0-sf facility in Mansfield

City of Mansfield is getting a new Medical Facility Services will include a 24/7 emergency room, general surgery, women’s care, orthopedics, and interventional cardiology.

The $150 million campus will also have an 80,000-sf medical office building. ​

 

Texas best state for business

According to a report by CNBC Texas is the best place to start business.

 1,651 out of 2,500 points, making it the only state to be named a four-time winner since the study’s creation in 2007. Texas has placed in the top five every year.

Texas added 350,000 Jobs in past year. The state also took the top spot in infrastructure. Its lowest categorical ranking was number 37 for education. Texas is home to 39 companies in the Standard and Poors

 

Call us we are here to help

If you are a first-time buyer or an in the market looking for investment in real estate – Commercial, Residential, Farm land. We can help

100 % of our business is referral focused. We take our customers seriously and our customer see the value we provide.

We take pride in making the process of buying, selling and leasing real estate seamless for you.

 

 

 

  

 

 

 

 

If you have a Family member, Friend looking to Buy/Sell Real Estate we will be glad to help.

 

 

Dallas Real Estate Market, Digital Real estate transactions

 

 

The best compliment you can give us is a referral to your family & friends

www.dreamcastlerealty.com

BALGOVIND PANDEY / BHARTI MISHRA

Email: govind.smarthomes@gmail.com

Phone : 940-231-3059/510-364-8072

Web : https://www.dreamcastlerealty.com

The best Investment on Earth Is Earth – Louis Glickman

July 2018 Vol 201807 -01

 

Spring Maintenance List

Time to tune in your HVAC

Have a qualified heating and cooling contractor clean and service the outside unit of the air conditioning system

Check your roof and Gutters

Clean up your gutters for any fall and winter debris. Check your roof to inspect any missing shingles

Check your Lawn Watering Schedule

Time to turn on those sprinklers and check your lawn watering schedules and adjust them

Check for any broken sprinker heads and replace those

Clean up your windows and screen

Time to get those windows and screens dusted up

Home owners in Dallas sold their homes for 31% median gains and those in West Coast Sold it for 54 % median gain

A New Study by Zillow has pointed out that the median percent gain for home sales stood at 31%

This year has been a solid year from sellers in DFW market. Home owners on an average gained $38,856, at the median, for an annualized return of 2.94

West Coast dominated the metro and city gainers. Chicago and New York fared the worst

 

Did you know Now Home buying and Sales are completely Digital

Dallas Morning News  A New law H.B. 1217, which takes effect July 1, 2018, introduces online notarization to Texas.

A 2017 Texas online notarization law went into effect July 1, prompting​​​​​ the closure of the state’s first all-digital real estate transaction. ​

The law permits notaries to approve documents over a two-way video conference. ​​Clients must display their government ID and sign their names on the screen before the notary digitally signs and stamps. A recording of the video conference is uploaded to the cloud.

 

Largest Solar Project in Texas coming to Winkler County

MRT – Innergex Renewable Energy Inc, a Canadian company will build the 250-megawatt Phoebe solar farm in Winkler County

The project has a 12-year power purchase agreement with Shell Energy North America, which is Shell’s North America wholesale energy marketer and trader.

 

WalletHub releases the list of best and worst Cities for Families in Texas Frisco Ranks at first place followed by Allen.

Wallethub – Frisco was ranked No 1 followed by Allen, South lake, Colleyville and Flower mound

Most affordable housing was in Big Spring, Rockwall, Allen, The colony and Little Elm

Highest Family Income was in Southlake, Colleyville, Frisco, University Park, Keller

 Best cities in Texas 2018

Employment Grew 3.3% in Texas according to Federal Reserve of Texas.

Texas job growth was at 3.3% down from the previous estimate of 3.6%

Texas job growth continued at a strong pace in May,” said Keith R. Phillips, Dallas Fed assistant vice president and senior economist. “However, growth has slipped a little over the past three months, which, along with a slowdown in the Texas Leading Index, has resulted in a slight downward revision to the 2018 forecast… Read More

 

China and Mexico Top Commercial investors in US

According to a report published by National Association of Realtors (NAR)

China was the top Purchaser of US real Estate followed by Mexico, Canada, UK, Germany, Russia, India and Philippines

The Top US Destination for these foreign investors were – Florida followed by Texas, California, Massachusetts, Illinois, Michigan.

Median Value of the transaction was at $975,000 Average Value stood at $2.0 Million 26% of space leased by Foreign or international clients was under 2,500 sq foot   

 

Three in four American think this is a good time to Sell according to NAR housing Surveys

New findings from the National Association of Realtors® show that a high number of Americans, 75 percent, believe that now is a good time to sell a house, while 68 percent think it is a good time to buy.  

  

 

 

 

 

If you have a Family member, Friend looking to Buy/Sell Real Estate we will be glad to help.