dfw real estate

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Good news from RISMEDIA on April 29, 2011 that announced, March saw another increase in pending home sales, with contract activity rising unevenly in six of the past nine months, according to the National Association of Realtors®. The Pending Home Sales Index, a forward-looking indicator based on contract signings, rose 5.1 percent to 94.1 in March from a downwardly revised 89.5 in February. The index is 11.4 percent below 106.2 in March 2010; however, activity was at elevated levels in March and April of 2010 to meet the contract deadline for the home buyer tax credit.

MLS Multiple Listing Service announced that In March there were 1789 new listings in Collin County, reported closed sales shows 818 in Collin County, 1029 listings were unders contract, Inventory of homes for sale in collin county is 4,544 in March. Read the rest of this entry »

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As we close out 2010 and look forward to 2011 there are good news for DFW area residents, according to Bernard Weinstein, economist, Southern Methodist University, Ultimately the outlook for the housing market in DFW will be determined by job growth. So let’s look at the numbers for Texas and DFW area.

  • 48% of all job growth in the nation last year was in Texas.
  • Texas gained 174,900 jobs from October 2009 to October 2010. Read the rest of this entry »

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DALLAS (Hammond Jones Development) – Two North Texas universities will receive new student housing by fall 2011, courtesy of Hammond Jones Development LLC.

The first project will serve students attending the University of North Texas in Denton and will consist of 76 units and 272 beds.

The second development will serve students of the University of Texas at Arlington and consists of 72 units and 232 beds with additional mixed-use retail areas.

Both projects will be fully furnished and contain a mixture of two-, three- and four-bedroom units. Read the rest of this entry »

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