Dallas Real Estate Blog- Dallas Luxury Realty

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In the next 15 months, 8.3 million home owners — about 18 percent of home owners who have a mortgage — are expected to gain enough equity to be in a better position to sell their homes, according to RealtyTrac’s September report on home equity.  Continued below.  
According to RealtyTrac, the home owners have a range of 10 percent negative equity to 10 percent positive equity. Home owners with low equity may face challenges in selling a home due to the cost of the sale and having a down payment on a new home. As equity rises, more home owners are in the position to sell their home without having to resort such actions as a short sale. 
The report also notes that one in four home owners in foreclosure also were found to have positive equity.…
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Ahab Bowen closed their store of Vintage clothes back in 2011. Located at 2614 Boll Street, they specialized in all things retro for dress wear. While you might not be able to buy flapper dresses there anymore, a new bar-restaurant is opening in October that will cater to your historic and gastronomy needs.

Bowen House will become a bar fashioned as a 1800’s-style saloon, complete with a pharmacy theme and cocktails ranging from the late 1800s to the early 1900s. While the menu will have a barbecue feel, it won’t be your typical smokehouse plates.

With young and fashionable neighbors living in the Uptown area, the goal is to have a one foot in the modern and one that reflects the “throwback” feel of the landmark house, which was originally built in…

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Plans are finally underway for a new high-rise to be built on the Uptown McKinney Avenue spot where Hard Rock Cafe once stood.

Stoneleigh Companies has acquired the land for the development of One Dallas, a mixed-use, high-rise tower at the northeast corner of McKinney and Routh. The planned tower, designed to be “iconic” by architect Phil Shepherd, will include up to 30,000 square feet for world-class restaurants, retail space, and 200 luxury apartment units.

 

Stoneleigh Companies is a private real estate investment and development company, however it bears no relation to the Stoneleigh Hotel in Dallas. It has acquired more than 3,600 units in the past three years and is building more than 1,000 units, including M2 Apartments in Denver, One…

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Developer JLB Partners and Sammons Enterprises have started construction on a 18-story, 299-unit apartment tower at Cedar Springs Road and Carlisle Street.

The 2.3-acre site was originally planned for a St. Regis Hotel tower until it went through foreclosure during the recession.

Apartments in the building will range in size from 622 to 3,717 square feet. Individual units will feature 10-foot ceilings, granite counter tops, stainless steel appliances, wood floors and large balconies.

Plans for the project include three levels of parking below the building along with a private penthouse lounge, a roof deck pool with views of downtown Dallas, a courtyard with direct access to the Katy Trail, and wellness center with a yoga lawn. Also included is a…

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It seems like everyday Austin Luxury Realty is reporting about another highrise building going up in Austin. Even as Austin has just been named “The Most Expensive City To Raise A Family.”

But Austin isn’t the only one experiencing a boom in condo developments.

Dallas has experienced one of the biggest turnaround in the local housing market in decades. Compared to March 2012, there has been a 55% increase in condo and townhouse sales in North Texas.

Real estate agents say a combination of low mortgage rates and rising apartment rents are increasing the demand for condos and townhouses in the DFW area.

One real estate agent noted that properties were being purchased by empty nesters and professionals with “about half of them being paid for in…

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How to Take Better Real Estate Photos

Real estate photos are one of the most important tools for generating interest in your home. Home sales begin on the web and research has shown that the more pictures that accompany your listing, the more viewings your property will get. Think of it like a job interview: would you show up with uncombed hair, rumpled clothes and nothing interesting to say? No, of course you wouldn't, you'd do your best to show yourself in your best light. Likewise, you shouldn't take a lackadaisical approach to real estate photos. As they say, you never get a second chance to make a first impression.

Below are a few things you can do to ensure that you take the best photos possible when listing your home:

  • Use a Wide Lens, But…

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As most of your have probably heard, due to a design flaw in the new Museum Tower Condos in the Dallas Arts District, on a bright sunny day (which in Dallas is about 90% of the time) the amount of light reflected from the shiny new building into the Nasher Art center is apparently enough to do damage to anything in it's rays, especially the beautiful landscaping and vegetation. Which is not good. And everyone has been up in arms about this issue, with art activists attacking developers and saying they knew this would happen and forged ahead with the design anyway, while the developer has steadfastly held to their claim that it truly was an honest mistake that was overlooked. well, now it seems like things may finally be coming to a conclusion. We received…

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Phoenix. Las Vegas. Dallas? All of these cities have over the last few years seen a HUGE slew of investors and prospectors hoping to cash in on the perfect storm. Large amounts of affordable homes available for sale and high rental rates. But with investment bubbles all over the country bursting, how is it that Dallas still seems to be going strong? And are there any good deals left for property investors?

You might have read recently on our other blog that Billionaire B. Wayne Hughes, founder of Public Storage, purchased 200 investment properties in Dallas with the hopes of turning them into rental homes, and eventually selling them at a profit. In fact, his advisors as of March 2013 still believe that Dallas homes are undervalued by about 20-30%. But…

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Big news in the North Texas real estate market, as awareness of a new institutional investor spreads across communities. Billionaire B. Wayne Hughes, founder of Public Storage, and the newly-founded American Homes 4 Rent, has recently purchased close to 200 homes in the Dallas market and with plans to turn all of them into rental properties.  

American Homes 4 Rent is now the largest institutional investor in North Texas covering Dallas, Collin, Tarrant and Denton counties. Aside from the monopoly being created in the metroplex, nationwide American Homes 4 Rent has purchased close to a further 10,000 homes. This makes it the second-largest accumulation of single-family homes in the history of the USA. 

Due to the aggressive collection of homes, this…

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Anyone ready to celebrate the next holiday? How about St. Patty's Day - Dallas style.  Dallas's signature St. Patty's Day parade commences this Saturday at 11:00am at the intersection of Greenville and Wellon St. and makes it way all the way to SMU Blvd.  screen_shot_2013-03-15_at_12.08.45_pm_331 This year the Dallas Observer is going big by hosting Snoop Dog at the end of the parade on Saturday. The concert will take place at the Energy Square Parking Lot, located on the northwest corner of Greenville and University. Gates to the concert open at noon and at 12:30, the opening bands will start and eventually end with Snoop. The concert should be over close to 6:00pm so be prepared and ready for a full day of action and lots of green!
Happy Early St. Patty/Snoop Day to all of our Dallasites! 
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