Get new listings emailed daily! JOIN SIGN IN
Cecilia McCallum
REALTOR®, REALTOR®
(214) 500-8819
Serving All Your Real Estate Needs!

Buying & Selling Homes

Apartment Locating & More!

Facebook Icon LinkedIn Icon Realtor.com Icon Trulia Icon Zillow Icon VCard Icon 

Date Archives: February 2019

Real Estate Chatter Home

Subscribe and receive email notifications of new blog posts.




rss logo RSS Feed
Allen TX | 8 Posts
Buying a House | 7 Posts
Coming Soon! | 2 Posts
Coppell, TX | 1 Posts
Covid | 1 Posts
Covid-19 Update | 2 Posts
Dallas TX | 15 Posts
DFW | 5 Posts
DFW Real Estate | 30 Posts
Economy | 42 Posts
Exurb Counties | 2 Posts
Financial News | 1 Posts
Forth Worth TX | 1 Posts
Frisco TX | 5 Posts
Home Appraisals | 1 Posts
Home Prices | 7 Posts
Home Sales | 4 Posts
Home Showings | 1 Posts
Homebuyers | 1 Posts
Homeowner Tips | 1 Posts
Homeownership | 5 Posts
Housing Starts | 5 Posts
iBuyers | 1 Posts
In The News | 4 Posts
Inflation | 1 Posts
Las Colinas TX | 1 Posts
New Build | 1 Posts
Plano, TX | 2 Posts
Relocation | 2 Posts
Renting | 1 Posts
School News | 3 Posts
Taxes | 4 Posts
The Economy | 4 Posts
Zillow | 1 Posts
Dallas | Fort Worth | Jobs | Home Sales | Coppell | Flower Mound | Real Estate | Frisco | Relocation | Moving | New Construction | New Building | Home Prices | Home Prices | New Contruction | Growth | Forclosure | fort worth | search for homes | Schools | Taxes | Dallas-Ft Worth | Growth | 55+ Retirement Communities | Frisco | Byron Nelson | New Construction | Jobs | Texas | Schools | Little Elm | Little Elm | Frisco | DART | Commuter Rail | Public Transportation | Argyle | Lantana | New Construction | Fort Worth | Real Estate | RE/MAX | Real Estate | Southlake | RE/MAX | Sales | Agents | Coppell | Carrollton | Plano | Frisco | Irving | Relocation | Dallas | Dallas-Fort Worth | Housing | Real Estate | Economy | buying a house | buying a home | home buying tips | Grapevine | Selling a house | Las Colinas | Valley Ranch | DFW neighborhoods | Southlake TX | Selling a Home | area information | Denton TX | homeowner tips | First-time Home Buyer | RE/MAX DFW Associates | purchase offer | Buying a condo | First-time Buyers | Millennial Buyers | Baby Boomers | Retirement Community | Kitchen Remodel | Increase Home Value | Local businesses | Financing a home | For sellers | Painting tips | Downsizing | Homeownership | For buyers | Anna TX | Melissa TX | Rockwall TX | The Market | Zillow | Renting | DFW Metroplex | Interest Rates | Covid | Pandemic | Omicron | Homeschool | Christian Schools | IBuyers | Investors | Showings | Listings | Homebuilding | inflation | Homebuilding Permits | Home Showings | Appraisals | Exurbs | Suburbs
February
28

53% of Californians Are Considering Leaving the State

53% of Californians are Considering Leaving the StateA new poll reveals that 53% of California residents are considering leaving the Golden State because of the high cost of living.The "Trust Barometer" poll, by Edelman Intelligence, was conducted January 4-20 among 1,500 California residents, with a margin of error of 2.5%. A special oversample of 400 tech workers in the San Francisco Bay Area was also conducted, with a margin of error of 4.8%. The results are sobering. Nearly two-thirds, 62%, of respondents said they believed the best days of California were in the past.  Nearly three-fourths of residents, 72%, say "cost and availability of housing is a very serious issue for California" — rising to 76% in the Bay Area.  And 62% of residents say "homelessness is a very serious issue for California. The proportion in the Bay Area is the same.  SFGate.com notes: "It appears the housing and homelessness crises have led to a pessimistic outlook."

  • Joel Pollak, February 14, 2019,  SFGate.com, February 1, 2019

 

February
27

2019: New Home Sales Up 2%, Preowned Sales Down 2-4% Nationwide

U.S. Home Starts

Homebuilders are starting off 2019 with hopes of another increase in U.S. sales, especially newly built houses. But the building industry also sees an upcoming drop nationally in purchases of preowned homes because of rising affordability issues. "2019 looks like a year of solid, if not spectacular, growth," said Robert Dietz, chief economist of the National Association of Home Builders. "I think new-home sales will be up a tad and existing home sales down." The building industry forecasts a 2 percent rise in nationwide home starts in 2019, making it the best year since the Great Recession. That's the most positive sign in this year's outlook. "We actually have existing home sales declining year-over-year in 2019," Dietz said at the industry's annual meeting this week in Las Vegas. The drop in existing home sales is likely to be between 2 percent and 4 percent this year, according to the latest industry outlook. Preowned home sales in Dallas-Fort Worth fell slightly in 2018 after several years of increases. The decline continued into the new year. Higher mortgage rates and record prices are blamed for the slowdown.

  • Dallas Morning News, February 19, 2019

 

February
26

Highland Park, University Park and Southlake Are Three of Richest Cities in America

Highland Park, University Park and Southlake Are Three of Richest Cities in America

February
23

American Airlines to Add 700 More Dallas-Based Flight Attendants

American Airlines to add more Dallas-based Flight Attendants

American Airlines is beefing up its flight attendant base in North Texas as the carrier strives to reach its goal of 900 daily departures from Dallas Fort Worth International Airport. American Airlines Group, Inc. will add 700 flight attendants to each of its bases in North Texas and Los Angeles, and move 700 employees from the Phoenix area, a company spokesperson said. US Airways was based in the Phoenix area before merging with American in December 2015. Being "based" in a particular region means that's where flight attendants trips begin and end. There are already 5,700 flight attendants' based in DFW, so with the additions American will grow its flight attendant base at its largest hub by more than 12 percent.

  • Dallas Business Journal, January 18, 2019

 

February
22

Frisco Set to Approve Dr Pepper Office in the Cowboy's Star Development

Dallas Cowboys' Star Development

The planned office project would be constructed overlooking the Dallas Cowboy's practice fields in The Star development in Frisco. 

The City of Frisco is poised to provide the land for construction of a new corporate office building at the Dallas Cowboys' Star development that's expected to become the new home of Keurig Dr Pepper.  Frisco City Council plans to vote Tuesday to contribute the land overlooking the Cowboys' practice field for a 300,000-square-foot or larger building.   To entice the move, the city will sell the 2.49-acre site at a reduced cost, according to the council agenda.  The land, valued at $2.7 million, will be sold to Dallas Cowboys owner Jerry Jones' Blue Star Land for $597,912. The reduced price is described as a $2.1 million grant to assist the project's development.  "City council has investigated and determined that the company meets the criteria for providing the grant," according to the agenda. "The company shall be required to commence construction of the office building on the property on or before August 30, 2019, and complete construction ... within 24 months."

  • Dallas Morning News, January 18, 2019
February
21

1800 Companies Have Left California

299 California companies have moved to Texas

299 California companies have moved to Texas

A group of Texas business leaders is traveling this week to the state's favorite place to lure away companies: California.The three-day trip to San Francisco is the latest effort by Texas to snag corporate offices, company headquarters and jobs from its West Coast rival. For years, California has been a favorite punching bag of Texas politicians who describe the Lone Star State as a refuge from California's burdensome regulations, hefty taxes and higher cost of living. The delegation is led by the Texas Economic Development Corporation.

Most of the 299 companies that have uprooted their California headquarters for Texas have landed in Dallas-Fort Worth in recent years. Toyota opened its new North American headquarters in Plano in 2017. McKesson, the nation's largest pharmaceutical distributor, moved its headquarters from San Francisco to Irving. Jamba Juice moved to Frisco. Jacobs Engineering moved to Dallas. Frozen food manufacturer Pegasus Foods moved to Rockwall. And Kubota Tractor moved to Grapevine.

  • Dallas Morning News, February 18, 2019

 

February
20

Home Sales Fall by 10-13% in January

DFW January Home Sales UpdateIn Dallas County, home sales by real estate agents fell more than 12 percent in January from the same month in 2018. Sales were down almost 13 percent in Denton County and down 10.5 percent year-over-year in Collin County. The smallest sales decline was in Tarrant County — 8.5 percent — where a larger inventory of more affordable houses on the market has made purchase activity stronger. Real estate agents are scrambling to adjust to the downshift in the local home market. "We are being realistic with our sellers, telling them you need to price your house at what it will sell for," said Cathy Mitchell, 2019 president of the MetroTex Association of Realtors. "I think this market correction is good for us." There was about a four-month supply of houses on the market in North Texas at the end of January.

  • Dallas Morning News, January 16, 2019
February
19

DFW Area Home Sales Listings Explode in January

An increase in Home Listings in JanuaryA flood of North Texas houses hitting the market in January means it will take longer to sell a Dallas-Fort Worth home. The number of houses up for sale in Dallas County rose more than 43 percent in January compared with a year earlier, according to the latest numbers from the MetroTex Association of Realtors. Home listings were also up by more than 42 percent in Denton County and were 37 percent higher than a year ago in Collin County.

The wave of properties hitting the market comes at a time when home sales in the area are declining and price increases have evaporated. At the end of last month, there were almost 22,000 houses listed for sale with North Texas real estate agents — the largest January inventory in six years. More than 10,000 additional home listings hit the market in January alone. Real estate agents are warning sellers not to expect a quick sale like the market was seeing few years ago. "You can't expect to get 30 offers in 30 minutes," said Cathy Mitchell, 2019 president of the MetroTex Association of Realtors. "It's a market correction — we couldn't be sustainable the way the market was."

  • Dallas Morning News, February 16,2019
February
18

DFW Area Leads Nation in Job Growth in 2018; Expect Same in 2019

DFW area expects to remain in continued Job Growth for 2019Dallas-Fort Worth led the nation's metro areas in job growth in 2018, according to new data from the Bureau of Labor Statistics. The DFW region added 16,400 jobs over the course of the year. New York and Houston followed closely behind, with 115,500 and 108,300 new jobs. Cheryl Abbo, regional economist for BLS's Southwest office, said D-FW's showing is "somewhat unusual" on a national scale, especially considering the size difference between it and New York. D-FW has about 7.4 million people, compared with New York's 8.6 million. A handful of large companies moved workers and expanded operations in the region in 2018, including Charles SchwabLiberty MutualCognizantand NTT Data. Two Fortune 500 companies — McKesson and Core-Mark— announced plans to move corporate headquarters from California to North Texas this year. The Federal Reserve Bank of Dallas recently forecast a slowing in this year's employment gains, with the region expected to add 113,671 jobs.

  • Dallas Morning News, January 30, 2019
February
12

Update on eXp False Advertising

RE/MAX LLC is responding forcefully to the misleading advertising recently showing that eXp Realty was #3 in the Dallas market. According to actual MLS stats, eXp did not even make the top 10 brokerages in North Texas, although it has over 1,000 agents in the region. The average eXp agent closes only 3.8 homes annually whereas RE/MAX agents close on average 17 homes. The actual MLS stats for the Dallas-Ft Worth area based on closed transactions in 2018 for the top 6 brand names are as follows:

 

2018

 

 

MARKET SHARE %

 

MLS VOLUME

 

 

 

 

TOTAL

100%

$74,509,245,334

1

Keller Williams

 

 

15.71%

$11,704,140,240

2

RE/MAX

 

 

 

6.80%

$5,068,502,703

3

Ebby Halliday

 

 

5.88%

$4,378,048,294

4

Coldwell Banker

 

 

4.78%

$3,562,663,920

5

Century 21

 

 

3.96%

$2,950,193,818

6

Briggs Freeman Sotheby's  

 

2.79%

$2,076,346,087

               
February
11

Keller Williams Orders Purge of Thousands of

Haunted by rosters of inactive, unlicensed and deceased agents, KW President Josh Team confirmed the company will purge names nationwide

Real estate franchise Keller Williams has been growth-obsessed over the past decade, but according to multiple sources, its 190,000-plus associates ranks are filled with former agents and, in at least one instance, even deceased agents.  Multiple sources told Inman that it's been an unspoken company policy at Keller Williams to keep agents on the roster — long after they are no longer associated with the company.  Keller Williams President Josh Team confirmed to Inman Monday that the rosters of market centers — what Keller Williams calls franchises — across the country are partially populated by agents no longer with the company.  Multiple sources cited that they believe as many as 30 percent of Keller Williams' current agents — roughly 55,000 agents — are what is known as "ghost agents," meaning they're on the roster but no longer licensed Keller Williams agents.

"It's been rumored by many, and known by some, that most of the rosters have what everyone refers to as 'ghost agents' on them," a source with direct knowledge of some of the inner-workings of Keller Williams told Inman. "It was something that nobody was allowed to talk to, and people were encouraged not to remove them, or if they were going to remove them, just remove a few a month so it doesn't look like you're not growing."  "I wouldn't be surprised if after January and February when they remove them, there are at least 30 percent fewer agents," the source told Inman in a later phone call. A former franchise owner at Keller Williams told Inman the practice of inflating agent count by leaving "ghost agents" on the rolls was rampant and persistent. "The entire push from the company had been around agent count, obviously everybody knows that," the former franchise owner said.

  • Inman News, February 5, 2019
DMCA.com Protection Status
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 08/17/2022. The listing information on this page last changed on 08/17/2022. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of NTREIS (last updated Wed 08/17/2022 6:34:31 PM EST) or Permian Basin MLS (last updated Wed 08/17/2022 4:44:40 PM EST). Real estate listings held by brokerage firms other than RE/MAX DFW Associates may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved. --

Privacy Policy / DMCA Notice / ADA Accessibility

Login to My Homefinder

Login to My Homefinder