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August
23

Dallas-Fort Worth Only U.S. Market Where Home Sale Prices Dropped Last Month

The North Texas housing market is downshifting quickly, with Dallas-Fort Worth being the only U.S. market to see a decrease in home sale prices last month, according to a report released today.  DFW home prices are down 1.9% year over year in July, according to the latest Re/Max National Housing Report.

 

And what a difference a month makes.  Last month, DFW led the U.S. for home price increases, with June prices up 29.3% over the previous year.   In hard numbers, home sales prices in DFW fell to $413,900 in July from $422,000 in July 2021.   Homes in DFW spend an average of 23 days on the market before selling.

 

Higher interest rates and inflation, as well as record home prices, triggered a sharp drop in demand for housing, said Todd Luong, a realtor with Re/Max DFW Associates:  "Here at our Re/Max office in Dallas-Fort Worth, our listings are currently getting on average 2.7 showings per week," Luong said. "Last year, at this same time, our listings were earning on average 5.9 showings per week. That is a huge drop in buyer demand compared to the previous year. Record home prices and higher mortgage rates have forced many potential buyers out of the market, especially first-time homebuyers."

 

While the latest trends may disappoint some sellers, buyers now have more choices and better opportunities for good deals, Luong said.   Luong said that the DFW housing market has been challenged with low inventory for years and reached an all-time low earlier this year, with only a two-week supply. Now, however, inventory is increasing.  "Although buyers have more choices now, it is still not a balanced market as we only have about a two-month housing supply," Luong said. "In a normal market, you have about a five to six-month supply of housing."

 

A new report from Zillow also found falling home values, although the numbers didn't match Re/Max's precisely because of different study methods and different geographic definitions of DFW as a metro area, among other reasons.  According to Zillow's findings, the Dallas-Fort Worth metro area's typical home value is $396,904, down 1.1% since June, the first month of decline. Values are up 55.4% since July 2019.

 

Zillow also reported that the mortgage payment on a typical home in DFW is $2,633 a month, including taxes and insurance. That's up 77.4% compared to July 2019.

According to Zillow, inventory in DFW has risen 10.2% since June, and the share of listings with a price cut in July was 22%, compared to 15.6% in June.  Nationwide, after two years of unprecedented growth, home values fell for the first time since 2012 as competition for houses eased, according to Zillow's July market report.

 

The slowdown is being driven by decreased competition among buyers. Zillow's analysis says that affordability pressures have pushed many to the sidelines, and buyers are waiting in the wings to resume their search if and when prices relax a bit.  Skylar Olsen, Zillow's chief economist, called the flattening of home values "a badly needed rebalancing.  This slowdown is about discouraged buyers pulling back after the affordability shock from higher rates," Olsen said. "As prices soften, many will renew their interest, and we will continue our progress back to 'normal.'"

 

Luong said he sees positive signs in the market.  The interest rate for a 30-year fixed mortgage dropped below 5% after peaking in June. More than 290,000 new jobs were added in Dallas-Fort Worth last year, so North Texas has one of the strongest labor markets in the country.   "Reasonably priced homes that are in good condition and move-in ready are still selling very fast," he said. "However, the bidding wars have subsided considerably across the board."

  • Dallas Business Journal, August 19, 2022
July
11

Farm-to-Table Restaurants Near Dallas

Farm to Table Dallas Restaurants

Summer in Texas brings a bounty of fresh fruits and vegetables. Our real estate agents love the healthy, seasonal dishes at these wonderful farm-to-table restaurants around Dallas homes for sale

  • Garden Cafe - 5310 Junius Ave., Dallas, TX 75214
    At Garden Cafe, many of the fresh ingredients used in their dishes are literally just steps away. Out back is a stunning garden where a number of herbs and vegetables are grown on-site. The garden also makes a beautiful backdrop for their patio seating. Garden Cafe's Southern-influenced menu includes favorites such as Cajun shrimp & cheddar grits, Nana's chicken and dumplings, and collard greens. Save room for the legendary lavender creme brulee. Hours are 10 a.m. - 10 p.m. Thursday through Saturday, with brunch served Sunday from 10 a.m. - 3 p.m.

  • Fount - 2414 Routh St., Dallas, TX 75201
    Fount wants to take farm-to-table dining a step further by providing "edible experiences." They use local produce and edible flowers to create dishes such as garden sandwiches, breakfast tacos, and kale Caesar salads that are as nice to look at as they are to eat. Planning a picnic or special occasion? Fount's signature grazing boards, featuring cheese, charcuterie, and gourmet foods, are available in sizes from grab-and-go to x-large that serve up to 20 people. Hours are Sunday through Tuesday from 7 a.m. - 5 p.m. and Wednesday through Saturday from 7 a.m. - 7 p.m.

  • Patina Green Home and Market - 116 N. Tennessee, Suite 102, McKinney, TX 75069
    Patina Green Home and Market believes that good food stands on its own. Their menu is seasonally driven, featuring dishes made from locally sourced ingredients with minimal processing. A typical offering may include Greek chicken salad, roasted cauliflower with green tomato relish, and jalapeno grilled cheese on sourdough. Create your own farm-to-table dishes at home with items from the on-site home goods and artisanal gift shop. Stop in for a break while viewing McKinney homes for sale. Patina Green is open for lunch from 11 a.m. - 3 p.m. Tuesday through Saturday, while the shop remains open until 5 p.m.

  • Texas Spice - Omni Dallas Hotel, 555 Lamar St., Dallas, TX 75202
    Get your day off to a great start with a delicious breakfast at Texas Spice. Red brick walls, garage door-style entrances, and wood detailing create a rustic ambiance that complements dishes like huevos rancheros, avocado toast, and Texas-shaped waffles. Texas Spice maintains its own vegetable and herb garden, while all other ingredients are sourced from providers less than 300 miles away. Hours are 6:30 a.m. - 10:30 a.m. on weekdays, with weekend brunch served from 6:30 a.m. - 2 p.m.

  • Celebration - 4503 W. Lovers Ln., Dallas, TX 75209
    Founder Ed Lowe was well ahead of the curve when he opened Celebration in 1971. Decades before farm-to-table became an established dining trend, Ed formed a partnership with local farmers. As a result, the freshest ingredients go into preparing a menu based on dishes Ed's mom served at the family table. Get second helpings of comfort-food favorites, such as pot roast, meatloaf, and fried catfish, for only $3.95. Entrees include homemade bread and three vegetables served family-style. Celebration is open 11 a.m. - 9 p.m. daily except Friday and Saturday when hours are extended to 9:30 p.m.

The DFW is a delightful blend of urban amenities and country flavor. Contact us at RE/MAX DFW Associates for help with all your real estate needs.

March
7

St. Patrick's Day Events in the Dallas-Fort Worth Area

St Patrick's Day

St. Patrick's Day is coming right up on March 17. It's a holiday that brings a wealth of enjoyable annual events to the Dallas-Fort Worth area. 

If you're looking for a way to have fun and get your blood pumping this March, be sure to check out one of these great St. Patrick's Day festivals, 5ks, races, and runs in DFW!

  • Dallas Mavs St. Patrick's Day Parade & Festival - Dallas, TX 75206
    The annual Dallas Mavs St. Patrick's Day Parade & Festival is one of the most anticipated events of spring. The parade kicks off down Blackwell Street at 11 am on March 12 (the Saturday before St. Patrick's Day), and the festival stretches from 9 am until 3 pm. There will be an abundance of food, drink, fun and games just minutes from these Dallas homes for sale. Be sure to also check out the block party and concert at Energy Square. 

  • St. Paddy's Day Dash Down Greenville 5K - Dallas, TX 75206
    Lace up your running shoes for the 2022 Dash Down Greenville! This annual 5k run/walk takes place on Saturday, March 12, in Dallas, right before the parade. Registration is open through February 26, so you still have time to join the festivities. After the 5k, there will be a post-race party that includes beer, food, music, and cash prizes for the winners.

  • St. Patrick's Day Sprint Tri - Keller, TX 76248
    If you really want to get moving on the Saturday before St. Patrick's Day, then the St. Patrick's Day Sprint Tri in Keller, TX, might just be the event for you. Participants in this triathlon event must endure a 300-meter pool swim, 12.6-mile bike ride, and 3.1-mile run before reaching the finish line. The Sprint Tri begins at the Keller Natatorium, not far from these Keller homes for sale.

  • Irving St. Patrick's 5k - Irving, TX 75039
    You can always count on the Irving St. Patrick's Day 5k for some good exercise and a good time. The USATF certified course takes participants on a scenic path through downtown Irving-Las Colinas, a stone's throw from some beautiful Irving homes for sale. Awards are given for 1st, 2nd, and 3rd place in various age groups, and race day perks include live entertainment, race swag, free pancakes, and two free beers for each participant over 21 years of age. 

  • McKinney St. Patrick's Day Shamrock Run 5k - McKinney, TX 75069
    The city of McKinney knows how to throw a St. Patrick's Day Party. The annual McKinney St. Patrick's Day Shamrock Run 5k kicks off at 9 am on March 12 at TUPPS Brewery and takes a scenic course past McKinney homes for sale. It's followed by the St. Patrick's Day Beer Walk, which is essentially a leisurely stroll and craft beer tasting through Downtown McKinney. 

  • 2022 Saint Patrick's Day Run - 2401 University Dr, Fort Worth, TX 76107
    Get up bright and early for the Fort Worth Saint Patrick's Day Run on March 12! Check-in and packet pickup is at 6 am, followed by a 10k at 7:45, 1-Mile Fun Run at 7:50, and 5k run/walk at 8:00. It's a great way to start your day. The event begins at Trinity Park Pavilion #3, and the course includes a chance to see some amazing Fort Worth homes for sale.

There's always something fun and exciting happening in the Dallas-Fort Worth area. Contact us today to learn more about life in DFW and talk to our real estate agents about finding your dream home in Dallas, Fort Worth, and the surrounding areas. 

July
12

5 Ways to Upgrade Your Kitchen

Dallas Kitchen Upgrades

Love to cook? If so, you may be looking for a dream kitchen among Fort Worth homes for sale. You probably have some good ideas about what you want in a kitchen, but our real estate agents have some insightful advice that might make you reconsider what you're looking for. For instance, many homeowners think large when it comes to kitchen space, but experts say it's more important for your kitchen to be organized than to be expansive.

Make the most of your kitchen with these upgrades.

  1. Create a Good Workflow
    Gathering guests in the kitchen while you cook is a definite trend, but you want to arrange things so your guests can enjoy visiting and not be in the way. Place them nearby where they can enjoy a drink or some snacks, but not where you have to work around them. Plan for your cooktop to be out of the flow of traffic; take that a step further and locate the trash or the bar away from the cooking flow so you don't have to dance around obstructions. By the same token, you want essentials nearby, such as the refrigerator, pots and pans, most favored utensils, and cooking ingredients.

  2. Invest in Good Counters
    You want good quality counters, but that doesn't mean you need to invest in the most expensive materials. For instance, granite is popular, but it requires considerable upkeep and can scratch easily. Another popular material is soapstone, which is soft and can be scratched, but it's not delicate. It also ages nicely and can stand high heat. Compressed recycled quartz is a popular choice that stands up to wear and comes in several choices.

  3. Go for Quality Cookware
    Forget those 20-piece cookware sets. Rather, buy piece by piece and only buy what you need. For instance, you're likely going to use a frying pan or skillet more than, say, a saucier, so do invest in one that's of good quality. But investing in an inexpensive non-stick skillet for daily egg cooking isn't a bad idea. You can save the quality piece for the gourmet dishes, and just let the non-stick go when it wears out.  

    A cast-iron skillet is one way to acquire a quality piece that doesn't cost much. These last forever. You might also want to invest in a fully clad pot, which means it's composed of three layers of bonded metal. These pots are known for even transmittal of heat, which translates to nice browning instead of hot spots.

  4. Think Bold
    While white kitchens with a bold pop of color or two have prevailed over recent years, the trend may be shifting to more adventurous colors. For instance, bright blue cabinetry might call to you, as might a green marble countertop or a backsplash that makes an eye-catching statement. If you know you're staying in your current home, choose the colors that appeal most to you.

  5. Consider Sustainability 
    The throw-away syndrome is something we all need to lose, and no better place to start than in your kitchen upgrade. As you look to redo your kitchen, shop for quality, artisanal, sustainably made items that will last a lifetime. For example, consider adding quality food storage solutions to get rid of plastic wrap usage.

Still looking for a home complete with the perfect kitchen for all your culinary adventures? Our agents can help. Contact us today.

March
15

What You Need to Know Before Starting a Home Improvement Project

Home Improvement DFW

Renovating or updating your home is an exciting prospect. Whether you plan on living there a while longer or are fixing it up to sell soon, doing much-needed updates can be satisfying. Before you get too carried away, though, here are a few words of caution from our real estate agents.

  1. Choose your contractor carefully.
    Remember that a lot rides on your choice of contractor. This person will oversee your project, so it needs to be someone who is on board with your vision. It also should be someone who is good at what they do, so check online reviews. It's a good rule of thumb to interview several contractors and look for someone who will be a good fit for your project, understands your budget, and will be able to deliver as promised and on time.

  2. Expect the unexpected.
    That being said, always expect the unexpected, and build a little wiggle room into your budget and your timeline. You don't know what your contractor and his crew will find once they start work. The original plan may need to be changed or some issue could require attention before the work can continue. If you build a little extra into your overall plan, changes in cost or time frame won't hurt as much.

  3. Do the kitchen first.
    There are several reasons why you should do the kitchen first. First of all, it's likely to inconvenience you the most, since you won't have a kitchen to cook in. You can set up a temporary kitchen station in another room, where you can do simple food prep. But more importantly, kitchen updates have the biggest impact on your home's value. Dallas homes for sale that feature clean, modern kitchens show and sell the best. Plus, those updates feature the most functionality, so you'll likely enjoy them the most during whatever time you have left in the house.

  4. Be honest with yourself before DIYing.
    It can be tempting to save yourself the money and do the work yourself, but be honest with yourself as to whether you have the required knowledge, experience, and skill to DIY it. If you overestimate your ability to DIY your upgrades, you'll detract from your home's appeal and leave the buyer to clean up the mess. Be honest with yourself, and if you don't know enough to make the job look professional, then leave it to the professionals.

  5. Know whether you're selling or staying. 
    If you're designing updates to enjoy while you live in the home, your goals are going to be different than if you're updating a home in order to join the list of Fort Worth homes for sale. Renovations for yourself will of course be targeted to your personal preferences, whereas renovations prior to selling need to be more neutral so that they'll appeal to a wide range of potential buyers.

If you're looking to sell your home soon, home improvement projects are a great way to boost its appeal to buyers. For more information about what upgrades sell the best, or to speak to an agent, contact us today.

March
9

Bakeries in the DFW for Pi Day

DFW Pies

Our real estate agents love having an excuse to enjoy a sweet treat. March 14th is affectionately known as "Pi Day" -- and we think that's close enough!

There are so many great bakeries in the DFW area, you might want to start visiting them now, so you're prepared when the big day rolls around. Here are a few of our favorites. 

  1. Buttermilk Sky Pie Shop: 1707 North Collins Street, Ste. 115, Arlington, TX 76011
    Any time we're in the area showing Arlington homes for sale, we love stopping by Buttermilk Sky Pie Shop to check out their selection of goodies. Every day, they have nine different pie flavors in three different sizes, making it easy to find something you'll love each time you visit. Some of our favorite flavors are Peanut Butter Cream, Chewy Chocolate Chip, and Nanny's Pecan.

  2. Emporium Pies: 107 S. Tennessee St., McKinney, TX 75069
    Specialty shop Emporium Pies is known for fine pies that are handmade with quality ingredients. Their offerings change with the seasons, so you can visit again and again and never get bored. We love the "Drunken Nut," a bourbon pecan pie with a shortbread crust, and the "Smooth Operator," a French silk chocolate pie with a pretzel crust. They also make homemade vanilla ice cream, which is the ideal complement to their delicious desserts. Whether you live in the area or you're looking at McKinney homes for sale, chances are you'll want to return to this great bakery again and again. 

  3. JudyPie: 520 S. Main St., #200, Grapevine, TX 76051
    Affectionately known as "The cutest vintage pie shop in Texas," JudyPie makes fresh pies from scratch every day in their on-site kitchen. We love this shop, in part because they'll happily make a smaller six-inch version of any of their standard 10-inch pies. This makes it easy to enjoy a few different flavors each time we visit! If you're in the area exploring Grapevine homes for sale, we recommend stopping here. From classics like Salted Caramel Apple Pie to decadent creations like the "Memphis Mafia" (a combination of peanut butter truffle and banana pudding pies), you're always guaranteed to find something the whole family will love! 

  4. Batch Bakery: 5355 Dallas Pkwy., Ste 610 Frisco, TX 75034
    Batch Bakery is one of the area's most popular pie shops. They offer nine-inch and four-inch pies and "Batch Bites," a selection of a dozen mini-pies in assorted flavors. This is a great way to enjoy a variety of their creations in one sitting! They have all the classics, like Apple, Key Lime, Coconut Cream, and Peanut Butter. You might also want to try our favorite, Chocolate Chess. It's a gooey fudge brownie baked in a shortbread crust! After you pick up your pie, we recommend taking a short drive around. Some of the best Frisco homes for sale are located nearby.  

  5. Miz. G's House of Pies: 2315 Sutter St., Dallas, TX 75216
    If you've been looking at Dallas homes for sale, you can expect to pay plenty of visits to Miz. G's House of Pies. They've been pleasing customers since 2010 with delicious family recipes baked from scratch. We love that they'll happily make pies that are gluten-free, sugar-free, and dairy-free so that everyone can enjoy them! Some of our favorite flavors are the German Chocolate, Old Fashion Apple, and their signature Sweet Potato Pie made with Texas-grown sweet potatoes.

Are you looking for a "sweet" deal on a new home? Our agents would love to show you some of the area's best neighborhoods! Contact us today to discuss your goals and get started.

February
15

Birdwatching Spots Throughout the DFW

Birdwatching in the DFW

The Central Flyway is one of America's most highly trafficked bird migration routes, and the Dallas-Fort Worth metro area is smack-dab underneath it. That makes this one of the best areas in the country for birdwatching. 

One of the things our real estate agents love most about life in the DFW is its abundance of outdoor recreation. That includes incredible birding opportunities. Be sure to check out one of these top birding sites in Dallas, Fort Worth, and the surrounding areas. 

  1. The Dallas Arboretum and Botanical Garden - 8525 Garland Rd, Dallas, TX 75218
    A spectacular landscape of vibrant plants and flowers in the heart of the city, the Dallas Arboretum and Botanical Garden is also a premier bird-watching location thanks to its diverse plant life. Located just minutes from many Dallas homes for sale, the arboretum is a seasonal stopover for multiple hummingbird species, and you can see several unique wading birds in summer, including white ibis and spoonbill. 

  2. Trinity River Audubon Center - 6500 S Great Trinity Forest Way, Dallas, TX 75217
    Nestled in the heart of Great Trinity Forest, a vast urban open-space park in Southeast Dallas, Trinity River Audubon Center offers birding trails and observation platforms, with access to an amazing natural landscape of hardwood forests, marshy wetlands, and meadows. It's possible to spot more than 50 species in a single day when conditions are right. 

  3. Fort Worth Nature Center & Refuge - 9601 Fossil Ridge Rd, Fort Worth, TX 76135
    Fort Worth Nature Center & Refuge encompasses more than 3,600 acres of woods and wetlands around the shores of Lake Worth. The refuge is a short drive from these Fort Worth homes for sale and offers 20 miles of trails with some of the best birding opportunities in the DFW. Watch for herons and egrets wading along the margins of the lakeside wetlands, and keep an eye overhead for osprey and bald eagles. During the colder months, winter birds like goldfinch and juncos are common.

  4. Heard Natural Science Museum & Wildlife Sanctuary - 1 Nature Pl, McKinney, TX 75069
    The 289-acre wildlife sanctuary operated by the Heard Natural Science Museum is an amazing resource for birding enthusiasts. With a mixed landscape of blackland prairies and bottomland hardwood forest plus a great wetland boardwalk area, you can see a wide range of different bird species here in every season. Wood ducks and great blue herons are common in the wetlands area. 

  5. Clear Creek Natural Heritage Center - 3310 Collins Rd, Denton, TX 76208
    Spanning 2,900 acres, Clear Creek Natural Heritage Center is one of the greatest bird-watching sites in the DFW area. Located in the small city of Denton, less than 40 minutes from Dallas, the heritage center encompasses a diverse habitat of bottomland hardwood forests, upland prairies, and marshlands. More than 10 miles of trails offer a chance to spot dozens of bird species.  

  6. Cedar Ridge Preserve - 7171 Mountain Creek Pkwy, Dallas, TX 75249
    One of the great birding destinations in the region, Cedar Ridge Preserve is managed by Audubon Dallas, the local chapter of the National Audubon Society. Cedar Ridge Preserve stretches over 600 acres, with 9 miles of trails that explore a wide range of prime bird habitat. Guided birding trips and nature programs are commonly held here, and the preserve offers a bird blind and butterfly garden as well. 

Contact us to learn more about life in the Dallas-Fort Worth area. The DFW is a hub for business and culture that also happens to offer incredible opportunities for outdoor adventure.

February
8

Storage Solutions You'll Want in Your Home

Home Storage SolutionsNo matter how big a house is, we seem never to have enough storage space. The problem might be you just haven't unlocked the secrets of a good storage strategy.

If you're considering homes among Dallas homes for sale or Fort Worth homes for sale, and you're wondering if the storage will be sufficient, just keep these tips in mind for how you might expand the storage space in your new home.

  1. Over-the-doorway shelving. 
    Bet you didn't know you had all that potential storage space right over the doorway. Install open-air shelves over the doorway in bedrooms, bathrooms, and above double doors. Depending on the type of room where the shelves are installed, you can place plants, decorative dishes, and pottery, or treasured mementos.

  2. Under-the-bed storage bins.
    Don't let that space under your bed go to the dust bunnies. Acquire long, flat storage bins and stow things such as holiday gift bags, tissue, and wrapping paper; or even off-season clothing. 

  3. Hooks for measuring spoons and cups.
    Don't you get fed up looking for measuring spoons and smaller-size measuring cups in your drawer full of miscellanea? Now you can put your hand right on them by installing hooks inside your kitchen cabinet doors and hanging them within easy reach.

  4. Drawer organizers.
    Utilize these to help organize your kitchen. Drawer organizers work well if you put some time into planning what you need to access before you buy the organizers. Make sure you measure your drawers as well! 

  5. Storage bins for cabinets.
    Same as for drawer organizers: think about what you want to place in storage bins before you buy them. For instance, maybe you have some spices you'd like to have right at hand, so you acquire a bin for the pantry where you can place them in rough alphabetical order. Storage bins in cabinets should work well for all the smaller items in the kitchen, such as packets of gravy or dressing mixes, a box of bouillon cubes, a baggie full of orphaned tea bags, sweetener packets, whatever. Obviously, storage bins for your bedroom closets will be larger so they can hold your shoes; maybe in your office, a storage bin would be useful for rounding up all those power cords and chargers you can't seem to throw away.

  6. Excess stuff.
    You know you need to get rid of stuff you never use, but it's hard. We suggest once a year going through your possessions and doing a fearless assessment of what you're likely to need or can let go of without regrets. Some of it can go in the trash or the recycling bin; the rest, such as clothing or furniture in good repair, can go to charity. 

  7. Outdoor storage shed.
    This is one of the best solutions for relieving indoor crowding. Try to arrange stored items with a top to bottom plan by stacking seldom-used items on the bottom, and stuff you might need in smaller containers near the top. Think about what you'll want to get at (holiday decorations for instance) and place them so you can access them as needed. 

All these small changes will add up and provide you and your family more space so you can live more comfortably in your home.

Need more tips? Our real estate agents can help. Contact us today.

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