Want to add more curb appeal to your home? Interested in getting your home ready to add to the inventory of Dallas homes for sale?
Refreshing the look and functionality of your front yard is an effective way to boost the curb appeal and overall appearance of your home. Our real estate agents recommend the following options to quickly refresh your front yard.
By making a few small changes or additions to your yard, you can give it the refresh it needs to enhance your home's curb appeal.
Want a home with more outside space? Contact us today to put your home on the market!
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."
Want to remove pesky odors from your home and improve the quality of your indoor air? Our real estate agents suggest buying an air purifier.
An air purifier removes pathogens from your air, like pet dander, dust, and other allergens, that can affect your health. If you also work from home and spend a lot of time in your home office, an air purifier ensures that you have clean, healthy air in your workspace, helping you feel your best and boosting your productivity.
Here are a few tips to follow when buying an air purifier.
An air purifier creates clean, odor-free air, making it an excellent addition to any home. Ready to put your home on the market? Contact us to get started!
A beautiful, functional kitchen is one of the home's greatest assets. If you love cooking or wining and dining company on the weekends, investing in the kitchen is a great way to wow your guests.
Cooking just happens to be one of our favorite hobbies, and our real estate agents are always investing in the latest and greatest kitchen gadgets. But what kitchen gadgets will you actually utilize, and which ones will just collect dust? If you're looking to enhance your cooking skills or just make things more convenient, here are some of the best gadgets to add to your kitchen:
Cooking is fun and easy when your kitchen is equipped with the best gadgets and appliances. For more tips on how to make the most out of your kitchen, contact us today.
Nothing makes a house feel more like home than setting up a cozy outdoor living space. Not all patio furniture is created equal, though, which means your choice has to be a careful one. Here are a few tips from our real estate agents on how to choose the perfect outdoor furniture.
Well-appointed outdoor living spaces are good for more than just your own personal enjoyment: They help to sell your home, too. Contact us today.
Do you love baking but wish your kitchen was more functional for your culinary needs? Or, do you want to create a space that makes it easier for you to bake your favorite dishes?
By making a few simple changes to your kitchen, you can improve the functionality and efficiency of your kitchen. Our real estate agents know that many of these projects will make your home more appealing to potential buyers.
Here are some features and additions that we recommend to make your kitchen more baking-friendly.
Want a home with a larger kitchen so that you have additional space for baking? Contact us today to get started!
Limited on yard space? Consider building your garden "up" instead of "out" this spring.
Vertical gardens are a beautiful touch to any home, and they're very much in style this year. Vertical gardens consist of greenery suspended to a vertical wall, frame, or panel. Think of an ivy wall but with a wide assortment of plants. There are also super easy to build and maintain and can give your exterior a unique appeal. Some of our favorite Dallas homes for sale have had well-maintained vertical gardens that really impressed buyers.
Our real estate agents love exterior design trends that include vertical gardens, so they offered to pull together some tips to help you with yours this spring:
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.
Still looking for a home complete with the perfect kitchen for all your culinary adventures? Our agents can help. Contact us today.
Whether you're permanently working from home or just want a space where you can create in peace, it's important to set up an inviting home office that you look forward to working in. Our real estate agents also find that a home with a home office is more appealing to potential buyers. You don't have to undergo a complete renovation to update your home office; instead, check out these simple ways to give your home office a boost.
Searching for a home with a larger space for a home office? Contact us today to explore your options!
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.
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.
No 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.
All these small changes will add up and provide you and your family more space so you can live more comfortably in your home.
Even though most homeowners use their driveways every day, it's a commonly overlooked area when it's time for home maintenance and upgrades. If your driveway is starting to show its age or is need of a little TLC, you have a few options to get it looking its best.
Before you add your property to the inventory of Dallas homes for sale, taking care of any driveway issues will ensure your home shows well with potential buyers and help you maximize its value. Here are some options to help you improve your driveway.
Ready to explore other homes in your area? Contact us today to get started!
Kitchens pose a unique challenge when you're looking to update your home. They have to be highly functional workspaces and feel inviting. Completely renovating a kitchen would involve removing built-in cabinets and moving major appliances—an expensive and disruptive endeavor. But you can give your kitchen a whole new look on a modest budget. The Dallas homes for sale that we show can serve as inspiration, but you should also consider the following ideas.
Gardeners are so lucky in the Dallas area. With a little bit of effort, you can grow vegetable crops almost all year long in our warm, sunny climate. That long growing season is also great for producing abundant flowers that nourish butterflies in spring, summer and fall.
In the meantime, here are some things to know about gardening in North Texas, and some recommendations for spring and summer planting.
Weather in North Texas tends to be changeable, and that's truer than ever in these warmer times. During our recent spring, we've seen 95-degree days, followed by a norther that sent the mercury plummeting down to the 30s. Those sudden changes can be tough on gardens, so research plants carefully before you buy. The Texas A&M Agrilife Extension Service in Dallas should be your go-to source for sustaining your garden through inclement weather.
Garden experts abound in North Texas and can advise you on protecting plants from sudden frosts or too much summer sun. For instance, situating plants sensitive to frost by a sunny wall in a warm microclimate can help, as can erecting a vine-covered trellis to shade plants prone to withering from harsh afternoon sun.
Also, watch out for exposed locations where fierce spring winds may wreak havoc, drying out or breaking your tender vegetables or flowers. Planting or erecting windbreaks can help.
It's warm here most of the year, and in summer, it's downright hot. Warm climates usually have an abundance of garden pests and diseases that plague gardens, so be prepared. While some gardeners may adopt a regimen of spraying with chemicals, organic gardening experts support more earth-friendly methods such as using organic fertilizer, compost, and mulch; using organic applications to control garden pests and diseases; and planting plants adapted for our climate.
One of the best garden designs for our area is the raised bed. Raised beds keep plant roots from bogging down in our clayey soils during wet spells. A 4-foot by 6-foot frame (these are available commercially) can get you started.
Double dig your planting spot to get rid of any rocks or roots. Place the frame, making sure it's level and bracing it to keep sides from bowing. Fill it with layers of garden soil and compost, then plant plants, seeds, or seedlings. Cover with mulch. Add extra beds if you have room.
When choosing plant material, you'd do well to study Texas A&M's recommendations for EarthKind landscaping. The recommended plants stand up to the heat and drought of North Texas, having lower water needs than many other plants.
We can help you find a dream home in Dallas where you can make your garden grow. Contact us today.
Creaks, groans, bangs, clanks—houses make all kinds of weird noises. Most of them aren't anything to worry about, but some could indicate a serious problem. Our real estate agents have just about heard them all, and we're here to offers some advice on how to identify and fix some common house sounds.
Contact us today to learn more about diagnosing common household noises. We've spent years connecting families with beautiful Dallas homes for sale, and we're here to help with all your home ownership questions.
Moving into a smaller home can be advantageous on many levels depending on your circumstances and reasons why you're choosing to do so. But it's not right for everyone, and depending on your particular situation, it may actually be more of a burden than an advantage.
Our real estate agents have put together this list of five questions to ask before downsizing.
Latinos are finding their economic legs under the Trump administration, leading the surge in home ownership and income growth and record low poverty rates, according to two comprehensive new surveys. While they remain far behind whites in income, they have seen their third consecutive year of income growth and have a higher workplace participation rate, according to the National Association of Hispanic Real Estate Professionals and the Hispanic Wealth Project.
In two studies just released, the groups also provided revealing details about Latinos and their growth in America. For example, by 2060, nearly one of every three in the U.S. will identify as Latino. The reports detailed Hispanic housing and economic trends and found most signs rapidly improving. What's more, the group's goal of nudging overall Hispanic income up is showing signs of success. The group said that within the next five years, Hispanic median income will triple.
The group listed the positive trends in its income report:
Currently city and school districts can raise taxes 8% a year without voter approval.
This new bill, passed by the Texas Senate, and now heads to the House, would limit the increase to 2.5% per year.
AUSTIN — Legislation that would slow property tax increases for home and business owners cleared the Texas Senate on Monday, after the sole Republican opponent of the bill stepped aside to allow the vote.
The vote was a victory for Lt. Gov. Dan Patrick, a longtime proponent of property tax relief and champion of the Senate bill. He was again pitted against his political foil, Amarillo Sen. Kel Seliger, the only Republican who openly opposes the bill. Seliger held it up for weeks before changing his mind Monday morning and voting to allow the debate to proceed.
"Today is a historic day," Patrick said after the vote. "We heard a lot of comments from the floor ... from those in opposition who were concerned about cities and counties and their budgets. We're concerned about the people's budget — that's what we're concerned about."
Senate Bill 2 passed 18-12 with Seliger joining the Democrats in opposition. One senator, Brownsville Democrat Eddie Lucio, was present but did not vote. The bill will be debated in the Texas House, which has written its own version of the priority legislation, a week from Wednesday.
Authored by Houston Republican Sen. Paul Bettencourt, a former tax assessor-collector, SB2 would slow property tax growth by limiting how much revenue local governments and school districts can collect each year. It would not make tax bills smaller.
SB2, which was changed on the Senate floor Monday, caps property tax revenue growth for counties, cities and special taxing districts at 3.5% a year, up from 2.5% in the original version. School districts would stay capped at 2.5% a year; however, they are getting a boost of new funding under separate legislation this session.
The cap could be exceeded if taxing districts hold elections and voters approve the increase. Currently, local governments can increase property tax revenue by up to 8% a year without an election.
Dallas homes for sale enjoy some of the most beautiful autumn conditions anywhere in Texas. Our real estate agents love every minute of it – and we also love helping people get homes ready to put on the market during one of the best times of the year.
No matter whether you're considering selling your home or want to spruce things up, there are several things you can do to be prepared. With a little effort at the start of the season, you can keep your property clean and neat.
A little work today can save you on repair bills and other troubles later! Plus, the weather couldn't be better for it.
Let's look at things every Texas homeowner should do to get ready for fall.
At RE/MAX DFW Associates, we're proud to be one of the largest RE/MAX companies in the United States. We're not just the largest in Texas, but #1 in the US Southwest. We've gotten there with a combination of expert advice and stellar service.
If you've been thinking about making your move to the Dallas-Fort Worth area, we can help you. We'll work with you every step of the way to answer your questions, help you avoid setbacks, and get you to closing fast.
Contact us today to find out more. We look forward to hearing from you soon!