Texas Real Estate News, Interest Rates have fallen how is that affecting DFW market

 

 

 

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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

Nov 2019 Vol 1

 

Winter Maintenance List

Maintenance of your heating system

Have your furnace or boiler checked and serviced by a licensed contractor at least once a year, preferably before the heating season begins. Clean or replace the furnace filter on forced hot air systems. Check your chimney

Adjust temperature 

Adjust the temperature. A comfortable temperate is between 75 – 79 degrees select a temperature that is comfortable for you

Insulation

Add insulation in the attic

Seal your windows doors to close any open pocket of air. Add weather stripping around doors and caulk windows to guard against drafts and heat loss

Water leaks

Check for water leaks and fix problems immediately; wrap water piping in UL-Listed heat tape and insulate if it is exposed in unheated areas such as garages, crawl spaces or attics.

Trees

Trim trees and remove dead branches so they do not damage your home

Keep gutters clear of leaves, sticks and other debris

Check smoke detectors, fire alarms and carbon monoxide detectors, and replace batteries to ensure they are operating properly.

 
Check your Lawn Watering Schedule

Time to turn off those sprinklers.


Cypress waters details plans for ten stories office building

According to Dallas Biz Journal,  Billingsley Co. is building a ten-story office tower at 3003 Olympus Blvd. within the 1,000-acre Cypress Waters mixed-use development.

The first of three new office towers on North Lake, the 322,877-sf building will have 31,933-sf floor plates.

Construction is estimated to cost $53.4 million. ​​

It was designed by O’Brien Architects. Rogers-O’Brien Construction will build the project. Billingsley Co. will handle leasing.

Work starts next spring​​, with completion set for late 2021

Median prices up 5.2% in Collin county and 4.3% in Tarrant county

Parameters

Collin County

Median Price

$242K

Days on Market

56

Median Price per sq Ft

$ 122.14

Click to enlarge

Texas home prices rises steadily

AUSTIN (Texas Realtors) – Texas home sales and median price had steady increases in third quarter 2019, according to Texas Realtors’ Texas Quarterly Housing Report.​​

Last quarter, 100,733 homes were sold statewide, an increase of 6.4 percent compared with 3Q2018. The median price increased 4.3 percent to $245,000. 

Of all the homes sold within the third quarter, 33.4​​​ percent were priced from $200,000 to $299,999, the highest share of sales among all price-class distributions. Homes priced from $100,000 to $199,999 represented the second-highest share of sales with 26.9 percent.

Cedar Park, Southlake among best small cities to live in

​WASHINGTON (WalletHub) – Two Texas​ cities have landed on WalletHub’s list of the best small American cities in which to live.

Ranking tenth overall, Cedar Park was third in economic health, 49th in affordability, 284th in safety, 369th in education and health, and 393th in quality of life. 

No. 14 Southlake was seventh​ in economic health, 11th in affordability, 229th in safety, 475th in education and health, and 554th in quality of life. 

The North Texas city also had the lowest housing costs and the second highest percent of people with a high school diploma or higher. It was also fourth in both highest homeownership rate and lowest percent of population in poverty

 

Texas job growth decelerates in September

DALLAS (Federal Reserve Bank of Dallas) – Texas employment will grow 2.1 percent this year, according to the Texas Employment Forecast by the Federal Reserve Bank of Dallas.

Based on the forecast, the state will add 263,700 jobs this year. Employment in December 2019 will reach 12.9 million.

This prediction comes after incorporating September 2019’s annualized employment growth of 0.7 percent and a decrease in the leading index.

“After strong growth in June and July, Texas jobs decelerated in August and September,” said Keith R. Phillips, Dallas Fed assistant vice president and senior economist. “The weakness in oil and gas extraction is spilling over to other sectors such as transportation and warehousing, which experienced job losses in both August and September.

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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.