Category Archives: Home Prices

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.

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.