REI Newsday DFW

07/09/2020

Happy Labor Day. Wishing everyone all the best. Thank you for all the hard work you do everyday. Go RED WHITE AND BLUE. God Bless America!

22/04/2020

Housing expert: Home sales could fall 30% to 40% in the next months
https://money.yahoo.com/housing-expert-home-sales-could-fall-30-to-40-in-the-next-months-175517390.html

The spring and summer months are traditionally the hottest homebuying season, but this year one housing expert predicts sales to drop as much as 40% during that time because of the coronavirus pandemic.

16/04/2020

https://www.bloomberg.com/news/articles/2020-04-14/worst-case-fears-of-20-30-u-s-jobless-rate-are-now-realistic?utm_campaign=socialflow-organic&utm_medium=social&utm_source=facebook&cmpid=socialflow-facebook-business&utm_content=business

What started as the worst-case scenario for U.S. unemployment is quickly becoming reality. Some economists now see the jobless rate surging to 20% as soon as this month -- and there’s no guarantee it would stop there.

15/04/2020

Think This Is a Housing Crisis? Think Again.



With all of the unanswered questions caused by COVID-19 and the economic slowdown we’re experiencing across the country today, many are asking if the housing market is in trouble. For those who remember 2008, it's logical to ask that question.
Many of us experienced financial hardships, lost homes, and were out of work during the Great Recession – the recession that started with a housing and mortgage crisis. Today, we face a very different challenge: an external health crisis that has caused a pause in much of the economy and a major shutdown of many parts of the country.
Let’s look at five things we know about today’s housing market that were different in 2008.

1. Appreciation

When we look at appreciation in the visual below, there’s a big difference between the 6 years prior to the housing crash and the most recent 6-year period of time. Leading up to the crash, we had much higher appreciation in this country than we see today. In fact, the highest level of appreciation most recently is below the lowest level we saw leading up to the crash. Prices have been rising lately, but not at the rate they were climbing back when we had runaway appreciation.

2. Mortgage Credit

The Mortgage Credit Availability Index is a monthly measure by the Mortgage Bankers Association that gauges the level of difficulty to secure a loan. The higher the index, the easier it is to get a loan; the lower the index, the harder. Today we’re nowhere near the levels seen before the housing crash when it was very easy to get approved for a mortgage. After the crash, however, lending standards tightened and have remained that way leading up to today.

3. Number of Homes for Sale

One of the causes of the housing crash in 2008 was an oversupply of homes for sale. Today, as shown in the next image, we see a much different picture. We don’t have enough homes on the market for the number of people who want to buy them. Across the country, we have less than 6 months of inventory, an undersupply of homes available for interested buyers.

4. Use of Home Equity

The chart below shows the difference in how people are accessing the equity in their homes today as compared to 2008. In 2008, consumers were harvesting equity from their homes (through cash-out refinances) and using it to finance their lifestyles. Today, consumers are treating the equity in their homes much more cautiously.

5. Home Equity Today

Today, 53.8% of homes across the country have at least 50% equity. In 2008, homeowners walked away when they owed more than what their homes were worth. With the equity homeowners have now, they’re much less likely to walk away from their homes.

Bottom Line

The COVID-19 crisis is causing different challenges across the country than the ones we faced in 2008. Back then, we had a housing crisis; today, we face a health crisis. What we know now is that housing is in a much stronger position today than it was in 2008. It is no longer the center of the economic slowdown. Rather, it could be just what helps pull us out of the downturn.

12/04/2020

💥WOW! 💥 A MUST READ 👍FOR HOME BUYING🏠🏘

Home Buying in the Age of Coronavirus | Real Estate News & Insights | realtor.com®
https://www.realtor.com/tag/home-buying-in-the-age-of-coronavirus/

Search real estate for sale, discover new homes, shop mortgages, find property records & take virtual tours of houses, condos & apartments on realtor.com®.

07/04/2020

https://www.dallasnews.com/business/real-estate/2020/04/07/d-fws-home-market-ranked-among-least-at-risk-from-covid-19/

Texas big city markets – including the Dallas-Fort Worth – are among the metro areas least likely to see a major housing market shakeout from the pandemic....

07/04/2020

https://www.cnbc.com/2020/03/19/coronavirus-update-home-sales-could-fall-by-35percent-as-spring-market-stalls.html

As Americans watch the value of their retirement funds collapse, it is no surprise the spring housing market is about to crater. Home sales could fall by 35% annually this spring, compared with the last quarter of 2019, according to new analysis by Capital Economics.

07/04/2020

https://therealdeal.com/2020/04/06/as-forbearance-wave-hits-real-estate-industry-begs-fed-to-take-action/

Major trade groups asks the federal government to provide some support to lenders who are being asked to provide forbearance to borrowers

06/04/2020

North Texas home sellers are retreating in the face of the COVID-19 pandemic. Asking prices for homes listed for sale in the Dallas-Fort Worth fell 3% in...

06/04/2020

The coronavirus pandemic has hammered the hotel industry, but the owner of two prominent Dallas hotels isn’t worried about the longterm viability of the business, especially in North Texas.

06/04/2020

A purchase that includes almost 4,000 North Texas apartments has landed more than $340 million in funding from Deutsche Bank. Atlanta-based Courtland...

06/04/2020

This luxury ranch estate bordering Alvarado and Burleson is not just the perfect home for any equestrian, it's also a great escape!

06/04/2020

For more information, please call We Buy Houses Fast In Dallas at (972) 521-1817. Dallas homeowners still have options to sell during COVID-19 pandemic restrictions Although national wholesale buyers like Zillow, OfferPad and Redfin have stopped all home sales effective immediately due to the COVID-...

05/04/2020

The Business Journal turned to three real estate lawyers for advice on what renters, property managers and landlords can and should do to make sure they wind up on the other side of the situation maintaining their cash flow and avoiding litigation.

05/04/2020

Coming this week from REI Newsday - DFW. What's going to happen to the AIRBNB market? We have exclusive insight and forecasts.

-What to do with your AIRBNB?

-Are there any market opportunities for AIRBNB?

T-op-Secret strategies in the current market environment!

05/04/2020

Despite the best efforts of homebuilders to increase the inventory, there remains a shortage of Dallas homes priced below $500,000. So when well-maintained...

05/04/2020

The global COVID-19 crisis has created an opportunity for Allie Beth Allman & Associates to present homes in an even more innovative,...

04/04/2020

Legal industry experts say many firms need to cancel summer associate programs, tell new lawyers that they may not be needed this fall, start reductions in associate salaries and hold back partner draws.

04/04/2020

Small and midsize companies, especially consumers-facing establishments, are more worried coronavirus may permanently shutter their businesses.

04/04/2020

We are all in a work from home mode now. It can be a challege so we turned to top Dallas Realtors for some advice and a peek at their spaces!

04/04/2020

DALLAS, Texas, March 31, 2020 (SEND2PRESS NEWSWIRE) -- In uncertain times, Lou Olerio, President of Olerio Homes safely continues forward breaking ground on Modella Park, a gated neighborhood with 24 soft-contemporary patio homes.

04/04/2020

https://www.cnbc.com/2020/04/02/coronavirus-small-landlords-struggle-as-renters-stop-payments.html

As job losses mount into the millions, laid-off workers increasingly can't make the rent, and small landlords are left holding the bag.

04/04/2020

In this latest edition of Deals Day, two new apartment complexes are being planned in Dallas while NRG Energy and Scottish Rite sign new leases.

03/04/2020

The $45 million complex would bring 398 new apartment units to the area.

03/04/2020

Here's what David Hicks, CEO of HomeVestors, is seeing in residential real estate as the market responds to the COVID-19 pandemic.

03/04/2020

How about sheltering in place in this fantastic Palm Springs Midcentury Modern? It's a throwback you'll want to move forward in!

03/04/2020

Some Highlights Expert insights are painting a bright future for housing when the economy bounces back – and it will. We may be facing challenging economic times today, but the housing market is poised to help the economy recover, not drag it down. Let’s connect to make sure you’re inform

03/04/2020

CHICAGO (AP) — Chicago Mayor Lori Lightfoot on Thursday will name former Dallas Police Chief David Brown to lead the police force in the nation's third largest city, a city official told The Associated Press. Lightfoot will introduce Brown as her next police superintendent at a 4:15 p. m. news...

03/04/2020

Realty Capital Partners and BKE Capital joint venture plans to spend several millions to renovate the 1970s-vintage Oak Lawn Heights multifamily property, modernizing and renaming it the Maverick at Oak Lawn.

03/04/2020

02/04/2020

The Shaddock Companies, based in Plano, has acquired Denver-based Ascendant Title Inc. as its newest affiliate company.

02/04/2020

From home showings to closings, the real estate marking is another industry affected by the coronavirus pandemic.

02/04/2020

A Dallas-based real estate finance adviser has been bought by a national commercial property firm. Metropolitan Capital Advisors has been in business since...

02/04/2020

A national brokerage has picked up a Dallas firm and a local public has completed a transaction.

02/04/2020

"With interest rates being low for the foreseeable future, it creates opportunities for people who have conviction."

02/04/2020

(MENAFN - Newswire) FRISCO, Texas, April 2, 2020(Newswire.com) - North Texas Property Management , a family-owned property management company serving the North Dallas suburbs of McKinney, Allen, Plano, and other communities serving the North Dallas suburbs at https://www.ntxpm.com/ , is proud to ann...

02/04/2020

NAIOP, the Commercial Real Estate Development Association, is predicting that the coronavirus outbreak will accelerate trends that had been forming in commercial real estate and cause dramatic changes in the industry faster than had been anticipated.

02/04/2020

Back in the 50s after World War II, young Dallasites who were eager to own a piece of the American dream flocked to Casa View Oaks, where homebuilders like Leslie Hill, Cliff May, Hallmark Homes, and Neece and Mahaffey-Wagner built affordable homes starting at $12,000 on the east side of White Rock....

01/04/2020

It's a short-term fix, but every dollar helps the struggling industry.