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.

 

 

New Home Construction, EB-5 Visa Program, Best Business Franchise

 

 

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

June 2018 Vol 201806 -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

Residential Construction down in May

Dallas morning news – New nonresidential construction projects fell by 73 percent from a year ago. Residential building dropped 10 percent. 

Last month a total of $1.5 billion in new construction projects ​were recorded in DFW compared with $2.8 million in May 2017.

So far t​his year, local nonresidential construction activity​​​ is down by more than a third. Residential building is down 4 percent. 

 

EB5 visa program attracts huge Real Estate investment

Realdeal: Across the board Chinese, Indian Investors are leveraging EB-5 visa program to invest million in American Real estate development programs as a way to finance their American dream

TSX Broadway, massive Times Square hotel-and-retail redevelopment is expected to be worth nearly $4.2 billion by 2023, Maefield Development, Fortress Investment Group and L&L Holding Company plan to close the Palace Theatre and the DoubleTree hotel at the site on Sept. 15 to begin demolition and construction

The developers are raising a $300 million fund for construction through the EB-5 visa program

 

Paycom software relocates Texas operation to Grapevine

Rebusiness Online Paycom Software Inc., an Oklahoma City-based provider of payroll and human resources software, will relocate its Texas operations center to Grapevine, a northern suburb of the Dallas-Fort Worth (DFW) metroplex. The company will occupy a 14-acre site on which a new office building is being developed, with plans to expand in the coming years

 

Best Business Franchise

If you are looking for a franchise – Chick-fil-A is the fastest growing franchise

Bisnow: The Average Franchise of the chicken company saw $4.4M in sales in 2016 the next chain Panera Bread and Whataburger were at 2.7M

 

 

 

India’s central bank has hiked interest rates for the first time in over four years amid worries over rising prices.

India’s central bank has hiked interest rates for the first time in over four years amid worries over rising prices.

 

Fed to raise Rates Again

With unemployment at the lowest level at 3.8% since 1969 and wages rising rapidly. Fed is worried about inflation and may raise rates again for the second time.

 

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

 

 

Property Tax – What is Homestead, Dallas and Austin Names the best City in US for Jobs

 

 

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

May 2018 Vol 201805-3

 

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

Replace Smoke detector batteries

Time to change the smoke detector batteries and check the smoke detectors

Prepare your Lawn equipment

Time to clean up , oil and prepare your lawn equipment for spring mowing

 

What is homestead Exemption in Texas. How does it

influence property taxes

Homestead Law protects the primary home by providing for right of occupancy

From ad valorem taxation point of view, a certain portion of the appraised value of a principal residence is excluded from the taxable value. Filing an Homestead Exemption does provide some relief from property taxes for residents of Texas

Filing Homestead also protects from forced sale from creditors and judgments.

Even an abstracted judgment lien will not attach to a homestead property as long as the property retains its homestead character.

The right to occupy the homestead extends to all family members who continue to occupy it, including those who occupy the property after the owner’s death. This protection applies to  1) a spouse 2) a surviving spouse 3) minor children (and in some circumstances their guardian) 4) unmarried children.

Homestead rights commence when the owner uses the property as a homestead

An owner who owns multiple properties may wish to establish which of the properties is the homestead. A lender may require a borrower to designate which property is and is not a homestead as a condition of the loan

Property remains a homestead until death, abandonment, or sale. If the owner dies, the homestead terminates unless there are surviving family members who are still entitled to homestead rights. A homestead is considered abandoned when its use is discontinued and there is no intent to use the property again as a home. Even a temporary absence from the home is not abandonment unless there is intent to discontinue use as a home. The burden of proof for abandonment is on the creditor.

For additional details on Homestead …click here

 

Dallas & Austin Names the best City in US for Jobs

According to Forbes  Dallas-Plano-Irving is at # 1 and Austin-Round Rock is at # 2 the rest of the top 5 are The rest of the top Five are:

No. 3 Nashville-Davidson-Murfreesboro-Franklin, Tenn.;​
No. 4 San Jose-Sunnyvale-Santa Clara, Calif.;
No. 5 Charlotte-Concord-Gastonia, N​.C.-S.C.;

 

New Home production drops but remains near post-recession high

According to U.S. Department of Housing and Urban Development and the Commerce Department.
Total housing production fell 3.7 percent in April to a seasonally adjusted annual rate of 1.29 million units after an upwardly revised March reading of 1.34 million

The drop in overall production can be attributable to a decline in the multifamily sector — which includes apartment buildings and condos — after a big uptick in March. Multifamily starts fell 11.3 percent in April to a seasonally adjusted annual rate of 393,000 units. Meanwhile, single-family starts remained essentially flat, inching up 0.1 percent to 894,000 units after an upwardly revised March reading. ….More here

Monarch City, a 270 Acres development in Allen

According to Dallas Business Journal Howard Huges Corp is Partnerign with Allen to construct Monarch City, which will span 8.7 million square feet of office, retail, residential and green space. The project will be centered around a more than 20-acre park featuring ponds, water features and hike and bike trails.

 

 

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

 

 

Texas homes prices still affordable compared to National data

 

 

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

April 2018

 

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

Replace Smoke detector batteries

Time to change the smoke detector batteries and check the smoke detectors

Prepare your Lawn equipment

Time to clean up , oil and prepare your lawn equipment for spring mowing

Frisco Wade Park Avoids Foreclosure

According to Dallas business Journal – Frisco Wade Park avoids $2B foreclosure

The lenders, New York-based Gamma Real Estate and Bamcap Partners of Farmers Branch, are seeking repayment of more than $130 million in debt.

Gamma has $82.75 million in loans on Wade Park and Bamcap is owed $48 million.

240 Mile High Speed Rail route from Houston to Dallas soon

An agreement was reached between Texas Central and Amtrak . Texas Central, a private company, plans to construct a 240-mile high-speed rail route from Houston to Dallas. When completed, the multibillion-dollar route will provide riders a 90-minute trip between the two cities, traveling at speeds of up to 200 miles per hour.

According to a statement, Texas Central’s high-speed train is expected to pour $36 billion into Texas’ economy over the next 25 years by providing additional state and local tax revenue, creating 10,000 jobs during each year of construction and boosting development around the three proposed passenger stations… More here

 New homes sales up 4.3 basis point nationally

According to Meyers Research, national new-home sales through March are up 43 basis points year over year.

New-home prices are up 4.5 percent year over year through March. Meyers had estimated a 3.5 percent gain, and JMP assumed a 3 percent gain. At current levels, average selling price is ahead of expense growth.

Existing-home supply has fallen to 3.4 months, and new-home supply has increased to six months. Dallas housing supply is at 1.72 months.

A housing supply of 6-7 month is considered balanced

New Vs Existing home Supply May 2018 (Click to enlarge)

Texas office sales hit five-year low

Demand for Office sales across the state dropped 63 percent year over year in first quarter 2018, according to CommercialCafé.

The 5.6 million sf of inventory sold was the lowest quarterly total in five years.
In the first quarter, office prices in Texas climbed to an average of $199 per sf.

Home prices in Texas still affordable when compared to national data

March data show Texas’ housing affordability remained favorable compared to other states but hovered around a decade low. Rapid price appreciation, fueled by shortages of homes priced under $300,000, challenged Texas homebuyers. Stagnant wages struggled to keep pace with home values, holding the Texas

Housing Affordability Index at 1.5.

The index shows a family earning the median income in Texas could afford a home 50 percent more than the median sale price. For much of the past decade, Texans enjoyed the capability of affording homes priced twice that of the median.

The median price per square foot is at $115

DFW Outperforming rest of the US in multifamily rent increases

According to Abodo.com,Although rest of the city experienced a decline in Multi Family rental due to vacancies and other problems.

The Rents in Dallas-Fortworth Metroplex has an different tale to it. The rents have been steadily raising in the metroplex.

The U.S. average is now $1,015/month for a one-bedroom unit. Rents in Fort Worth went up 4.6% in April to $1,067/month for a one-bedroom apartment, the second-largest rent increase in the country. Denton was sixth with a 3.9% increase to $914, and Dallas took the 10th spot with a 2.5% increase to $1,197.Although experts believe that this increase may be temporary

2017 Rent Trends by State (Click to enlarge)

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

 

 

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

 

 

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.

 

 

News You can Use – 03-30-2017

 

 

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

Jan 2017 VOL 1242017

 

Winter Maintenance List 

Cover Faucets and Exposed outdoor Pipes

 

Plan your watering schedule. 

Reduce Watering to the yard and
adjust sprinkler according to weather 

 

Remove Christmas Lights and Decoration  

Different HOA have rules around when you should remove the
Christmas light decoration. Its time to put that on
your schedule on the list of things to do

 

$1B data center campus in Richardson

EdgeCore Internet Real Estate plans to build a $1 billion data center in Richardson

According to the Dallas Morning News, EdgeCore wants to build a roughly 900,000-square-foot facility on 33 acres at Shiloh Road and the President George W. Bush Turnpike.

Plans filed with the city of Richardson call for two office and data center buildings, each spanning 358,000 square feet.

Multi Family Good Deals Hard to Come by in Dallas Fort Worth Market

According to Bisnow – Once DFW’s hidden gem in the multifamily market, Fort Worth is entering a more mature market stage with barriers to entry rising. Soaring development costs and competition ramping up in the market make good deals hard to come by in Fort Worth on both the value-add and the new-build sides.

According to Lincoln Property Co. Vice President, Southwest Region Sheila Carter, “Fort Worth is one of my favorite markets, and there’s a few reasons for that. One of them is, until recently, it was the best-kept secret. It wasn’t on anybody’s radar if they were institutional clients, so you didn’t have a lot of that institutional competition….More here

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

 


 

 

Dallas Real Estate News You Can Use

 

 

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

Jan 2017 VOL 1242017

 

Winter Maintenance List 

Cover Faucets and Exposed outdoor Pipes

 

Plan your watering schedule. 

Reduce Watering to the yard and
adjust sprinkler according to weather 

 

Remove Christmas Lights and Decoration  

Different HOA have rules around when you should remove the
Christmas light decoration. Its time to put that on
your schedule on the list of things to do

 

$1B data center campus in Richardson

EdgeCore Internet Real Estate plans to build a $1 billion data center in Richardson

According to the Dallas Morning News, EdgeCore wants to build a roughly 900,000-square-foot facility on 33 acres at Shiloh Road and the President George W. Bush Turnpike.

Plans filed with the city of Richardson call for two office and data center buildings, each spanning 358,000 square feet.

Multi Family Good Deals Hard to Come by in Dallas Fort Worth Market

According to Bisnow – Once DFW’s hidden gem in the multifamily market, Fort Worth is entering a more mature market stage with barriers to entry rising. Soaring development costs and competition ramping up in the market make good deals hard to come by in Fort Worth on both the value-add and the new-build sides.

According to Lincoln Property Co. Vice President, Southwest Region Sheila Carter, “Fort Worth is one of my favorite markets, and there’s a few reasons for that. One of them is, until recently, it was the best-kept secret. It wasn’t on anybody’s radar if they were institutional clients, so you didn’t have a lot of that institutional competition….More here

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