By Ashley Fahey – Editor, The National Observer: Real Estate Edition, The Business Journals Dec 13, 2023 After a year marked by volatile — and frequently high — mortgage rates, little inventory and affordability issues that sidelined many buyers, the 2024...
Blog
The Federal Reserve will cut interest rates 6 times in 2024 as the economy shows clear signs of cooling down, ING says
An economy that is showing clear signs of decelerating means the Federal Reserve will cut interest rates at least six times in 2024, according to a Thursday note from ING Economics. Moderating inflation, a cooling jobs market, and a deteriorating outlook for consumer...
Texas Live developer calls resort casino concept a ‘winning formula’ as Mark Cuban pitches one for Dallas
Sale of Mavericks majority stake to Las Vegas Sands owners brings long-floated idea back to forefront. Mark Cuban’s sale of his majority stake in the Dallas Mavericks to the family behind a casino corporation pushes a long-floated idea of his to the forefront. The...
Home Sales Slip, But Buyers Still Face Competitive Market
Existing-home sales fell 4% last month, but the market is not slowing for buyers, who are still seeing plenty of competition. Home sales may have fallen last month, but home sellers still appear to hold the upper hand. Existing-home sales for single-family homes,...
Dallas-Fort Worth home sales, prices still falling — but at slower rate
Home sales continue to fall in most DFW cities and prices are down overall, although there are exceptions. The seasonal decline in Dallas-Fort Worth home sales has softened, and prices remain stable or are down slightly, according to a new report. After a...
Austin, Dallas and Houston are leading U.S. cities in workers’ return to office
But it may still take years to get everyone back, analysts say. A greater percentage of workers in Texas’ major metro areas are back in the office compared to other U.S. markets. But more than three years after the pandemic sent employees home, office businesses are...
NFL Hall of Famer Terry Bradshaw sells his 800-acre Red River horse ranch
The spread located north of Dallas-Fort Worth has been acquired for an equine breeding and sales operation. Legendary football star Terry Bradshaw has sold his ranch north of Denton. Located just across the Texas border near Thackerville, Okla., the almost...
Tree house-inspired community with 2,500 homes planned near Fort Worth’s Alliance area
The Perot family’s Hillwood Communities wants to tap into nature with its latest 800-acre project. A prominent local real estate developer is expanding its presence near Fort Worth’s Alliance area with thousands more rooftops. Hillwood Communities, the...
DFW leads the country in commercial property investment, surpassing Los Angeles
Commercial real estate deals totaling more than $13 billion were completed in North Texas in the first nine months of this year. A steep decline in investment activity this year wasn’t enough to knock North Texas out of the top spot nationally for commercial...
DFW new home starts surge 39% YOY as pre-owned market stalls
New home starts across North Texas remain strong despite the continued climb in the 30-year mortgage rate, according to a new report. North Texas builders initiated construction on 13,348 homes in the third quarter of the year — slightly lower than the 14,637 starts...