Category Archives: 2018

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.

 

 

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.