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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:
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
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