10Nov
Dallas News Real Estate articles are also convoluted in my mind, but they did have some positive things to say so here is a general rundown:
- Sales in the month of October strengthened about 11% from the year prior.
- While prices are rising SLIGHTLY, they are still down about 10% from 2007 highs.
- For the year, and even with the increase, the volume of homes being sold is still down about 15%.
Dallas Real Estate articles are always a tangled confusing mess of statistics that seem to almost overlap. They consistently reference numbers from differing time frames and you almost need a diagram to figure out what in the world they are talking about.
Still it seems that the statistics appear to be at least growing back towards a positive direction, even if we have some ground to cover yet.
08Nov
ESPN’s College Gameday will be broadcasting live at the TCU-Utah game this Saturday. November 14th, at 9:00 AM in the Campus Commons. Go Frogs has a great splash page up for the event. Game time is set for a 6:30 kickoff, and the word is that a good portion of the Stadium is already sold out. This comes as TCU advances to number 4 in most polls.
CNN Money released an article today displaying the most affordable cities to live in with great college football. Fort Worth came in 5th place using a metric of major college teams against average housing prices. Fort Worth comes in with an average home price of $153,000.
21Oct
Some time ago I wrote about HD Homes; and wondering what this new entity was all about. As far as I could HD was simply a branch of Village Homes.
Turns out HD Homes has an identifiable plan. It looks like they are taking existing VH lots and moving them in a direction towards sub $350,000 prices. All of this being under their new brand of course.
This is a smart move for several reasons. The first one being that the areas of town they are aiming towards could use some new sub $350,000 properties. The second reason being that this is the market that IS moving. And the third reason is pure marketing, Village won’t chip away at their high end brand equity.
I personally think that Village was getting a little optimistic on their pricing for what they saw as entry level homes. This move proves that the company does have some great vision. Monticello real estate could use some of these more price-palatable residences, but I would also probably develop on the other side of Camp Bowie as well.
14Oct
I had no idea that Crescent was building the Ritz-Carlton development in Dallas. I guess I don’t keep up with Dallas. The Real Estate Channel says 23 story tower is a $300 Million Dollar project. Unit prices are $700,000.00 to $8 Million. I don’t know what that is per square foot, but I am not sure I really care to know.
If I was going to burn through $8 Million I don’t think it would be on a Condo. But I am glad that the developer is based in Fort Worth anyway.
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