Retail Continues to grow, Industrial Slide, New Home Sale Grows 4.3 % YOY

 

 

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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

Prep your Front Yard and lawn

If you have dying plants this might be the time to replant new flowers and plants and also remove dying one

add mulch to the flower beds for better moisture intake

Clean up your Grills

If you are in to grilling this would be the best time to get those grills cleaned out and get them ready for sizzling

Deferred Maintenance

Take care of any Deferred Maintenance with respect to plumbing, Caulking, cleaning and changing your HVAC Filter

Median Home Prices up by 5.1% for the month of Feb

According to the data from TAR and Texas A&M University – Median Home Prices up by 5.1% for the month of Feb

Average home prices were at $224,500. There was 3.1 Month of inventory

Texas Market Report – Feb 2018

 

New-home sales 4.3 percent higher than a year ago

DALLAS (Dallas Morning News) – North Texas homebuilders started 8,765 homes in the first three months of 2018, up 6.5 percent from the same period last year, according to data from Residential Strategies Inc.

New-​home sales were 4.3 percent higher than a year ago with 7,865 houses purchased.

​”Sales have been a little ahead of what they were doing last year,” said Ted Wilson, Residential Strategies principal. “The strength is really in the moderate price points.”

Apartment growth strong in Dallas Metroplex

According to Marcus & Millichap’s Dallas-Fort Worth multifamily market report​​ for first quarter 2018, an average of 85,000 individuals have moved into the metroplex in each of the past five years, creating strong demand for area housing. 

Despite robust employment gains, wage growth has not kept pace with home price appreciation, pushing thousands into apartments. Absorption reached the highest level in the last decade in 2017, despite peak unit completions. This suggests there’s still pent-up demand for metroplex housing.

Retail continues to grows with Industrial Sliding according to Ten-X Commercial

According to the March Commercial Real Estate Nowcast published by Ten-X Commercial revealed prices in the troubled retail sector are rising, while prices for industrial properties are dropping.

On Retail, Despite all the headwinds from e-retail and shifting consumer spending, the Ten-X Retail Nowcast continues to chug upward, increasing 0.2% in March from the prior month, leaving it a solid 6.5% above the year-ago level

Industrial was the only segment to decline in March. The Ten-X Industrial Nowcast fell 0.5% from the month prior and is now down 3.8% year over year

Office prices climbed 0.8% in March after a 0.3% decline in February. The segment’s year-over-year gains now stand at 1.3%, having only moved minimally since early 2017.

On Apartments Pricing grew 0.2% in March but is now 0.7% lower than a year ago

Apartment pricing grew in the Midwest and West regions in March, but contracted in the Northeast, Southeast, and Southwest…read more at

Dallas Multi Family growth remains strong attributing to strong employment growth

According to a recent report publised by Marcus & Millichap Rent growth in DFW apartments were at 6.5% with Average Asking rent at $1,091 per month

Fort Worth apartments were more affordable than those in Dallas, with the average effective rent staying below $1,000 per month in 2017. Investor interest in metroplex apartment assets remains strong with the Mid-Cities of Farmers Branch, addison, Carrollton and Arlington attracting a large share of investors last year.

The average price per unit appreciated has accelerated by 10 percent or more for the last three years, reaching $97,800 per door in 2017

Ellis County followed by Johnson County had the lowest Vacancy rates. With South Irving, Mesquite bring at the highest

Read More at

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