Archive for the ‘Market Reports’ Category

How Do You Know If You Are Getting a Good Deal on a New Home?

Tuesday, August 31st, 2010

When shopping for a new home, you naturally want to get the best deal you can for the money. After all, buying a home is one of the biggest investments you’ll probably ever make.  But sometimes what may seem like a good deal at first, can wind up costing you more in the long run.

How many times have you bought an item “on sale” only to find out the price was actually marked up before the store decided to lower the price? So, what seemed like a bargain at the time really wasn’t – since the “sale” price was actually higher than the normal price of the same item at another store.

Unfortunately, some home builders and contractors use this same tactic.  They will lowball you to get the job and then come up with every opportunity they can to charge you extra, so you wind up paying much more than if you had gone with someone else.

You may also come across two homes with the same square footage and same number of bedrooms and baths in two adjoining neighborhoods. However, one is more expensive than the other. Does that automatically mean the cheaper home is the best value?  Not necessarily.

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Dallas-Fort Worth home prices edge higher in report

Saturday, August 21st, 2010

07:53 AM CDT on Thursday, August 12, 2010

 

By STEVE BROWN / The Dallas Morning News
stevebrown@dallasnews.com

Dallas-Fort Worth home prices continued to edge higher during the second quarter.

D-FW was one of 100 U.S. metropolitan areas that saw improved home prices from a year earlier, the National Association of Realtors said Wednesday.

Median home sales prices in the area rose 2.1 percent in the second quarter from the same period the previous year, the Realtors said. That beat the nationwide increase of 1.5 percent.

And it was more than double North Texas’ first-quarter gain.

Almost two-thirds of the U.S. markets that the Realtors track had year-over-year price rises at midyear.

But analysts aren’t overselling the latest numbers, which are compared with the depths of the housing shakeout in 2009.

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DFW McKinney Area Growing Fast

Tuesday, July 27th, 2010

They say that “everything is bigger in Texas,” and that certainly is the case with Dallas-Fort Worth. It’s the fastest growing metropolitan area in the country, both in the last year and the past decade, according to the U.S. Census Bureau.

What’s spurring all that growth? Good jobs and affordable housing, as well as a favorable business climate. There’s no corporate income tax, building costs are relatively reasonable and regulations are minimal.

One city that’s been helping to pump up the metro area’s growth is McKinney, site of Landon Homes’ Shiloh Ranch community. McKinney was the nation’s third fastest growing city last year, and has ranked number two in population growth for the last decade.

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McKinney, TX Ranked #5 Best Place to Live in 2010 by CNN Money Magazine

Tuesday, July 13th, 2010

Landon Homes’ Shiloh Ranch community in McKinney TX is proud to announce that CNN Money Magazine has ranked the top 100 small cities that boast plenty of jobs, great schools, safe streets, low crime, lots to do, charm, and other features that make a town great for raising a family!  McKinney, TX ranks at #5

McKinney, TX was not only ranked #5 in CNN Money Magazine’s top 100, but it boasts the highest job growth rate since 2000 in the top ten!

# 5 – McKinney, TX

Top 100 rank: 5
Population: 125,000
Unemployment: 7.8%

Lots of towns near Dallas have low crime, affordable homes, and good jobs; McKinney is no exception. What makes it stand out is its gem of a downtown. Lovingly restored 19th-century buildings house restaurants, boutiques, and galleries; the 1875 courthouse contains a new performing-arts center.
McKinney’s employment opportunities are robust, sparing many residents a rush-hour drive of up to an hour to Dallas. Defense contractor Raytheon has a 3,700-person division here, and a mix of businesses in financial services, medical technology, and eco-friendly manufacturing are moving in.
Though McKinney has grown like mad over the past decade, you’d never suspect it when driving through its tree-filled communities surrounded by ponds, parks, and hiking trails.

–Vanessa Richardson

http://money.cnn.com/…/PL4845744.html

Frisco, Other Dallas-area Cities Among Fastest-Growing in U.S.

Sunday, June 27th, 2010

07:10 AM CDT on Wednesday, June 23, 2010

By ERIC AASEN / The Dallas Morning News

eaasen@dallasnews.com

http://www.dallasnews.com/…/062310dnmetcensus.19e354d.html

In North Texas, the newcomers keep coming and coming and coming.

Frisco was the nation’s fastest-growing city last year, according to U.S. Census Bureau data released Tuesday. McKinney wasn’t far behind, ranking third.

The top 25 list is studded with several other North Texas cities, including Lewisville , Fort Worth, Carrollton and Denton.

Frisco claimed the top spot among cities with more than 100,000 people, thanks to a 6.2 percent population increase during a 12-month period starting in July 2008. Its Collin County neighbor, McKinney, scored a 5.5 percent jump.

Any way you slice or dice the census data, Frisco and McKinney remain chart toppers. Over the past decade, Frisco also had the country’s biggest population growth, while McKinney ranked No. 2.

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Money Magazine Rates Rockwall & Collin Counties Excellent For Job Growth

Wednesday, June 23rd, 2010

Looking for a new job?  Look no further than Collin County and Rockwall County near Dallas, TX. Money Magazine rated the two counties among the top 25 places in the country for job growth.

Rockwall County, a former commuter county in rural Texas, has seen an influx of new shops and restaurants, combined with large employers like L-3 Communications, to spur job growth in the area. In addition, manufacturing jobs at several long standing aluminum plants remain the backbone of the county’s economy.

Collin County has a high-tech industrial base, featuring such well-known employers as Texas Instruments, Raytheon, Electronic Data Systems (EDS) and other software, Internet and telecom companies.  County officials work closely with the area’s municipal EDCs (Economic Development Corporations) to provide a variety of incentives to businesses relocating here.

Four of Collin County’s five largest cities – Frisco, McKinney, Plano and Allen – are nationally ranked in the top 100 wealthiest cities. That’s more than any other urban area in Texas and the Southwest, according to a survey – U.S. Wealth Centers — by Portfolio.com.

Once you find employment in the Dallas area, Landon Homes can help you find a place to live. We have new home communities in Frisco and McKinney, and all of our locations are within driving distance of Rockwall County.  Our homes are better built by design, with eco-friendly and energy-saving features that respect both the environment and your budget.

For more information, contact Tanya Smith anytime by phone at 214-707-0347 or just click on our LIVE CHAT feature throughout the Landon Homes website for speedy answers to all your new home questions.

Dallas: Fastest Growing U.S. city

Wednesday, June 23rd, 2010

Dallas-Fort Worth grew by an estimated 25% in the past decade and now has an estimated 6.5 million residents.

NEW YORK (CNNMoney.com) — The booming Dallas-Fort Worth metropolitan area added more residents during the past decade than any other city in the United States.

According to the latest Census Bureau figures, the population of the sprawling Texas metro area grew by about 1.3 million people, or 25%, between April 1, 2000, and July 1, 2009.

The population is now estimated at 6.5 million residents, but an exact count won’t be available until the 2010 census is complete.

Dallas’s attractions include a very favorable business climate, according to Mayor Tom Leppert.  There’s no corporate income tax, building costs are relatively reasonable and regulations are minimal.

“It’s a great place to do business,” he said, “especially attractive for companies from high-tax states.”

Helping to drive growth is the area’s main airport, Dallas/Fort Worth International, the third busiest in the nation. Its location is far enough south to ensure good weather yet central enough to make it easy to fly to the Northeast, the Midwest and the Pacific Coast. It is also well positioned for air traffic with Latin American markets.

“Dallas has no port,” said Leppert. “The airport became a 21st century port.”

What it has lacked in the past — a vibrant downtown — is starting to develop. Recent additions include a huge new arts center, urban park, light rail system and new housing. These have bolstered the city’s density and made downtown more interesting and fun.

http://money.cnn.com/2010/06/22/…/fastest_growing_metro_areas/

Plenty of Reasons to Buy a Home Even After the Tax Credit

Wednesday, May 26th, 2010

May 24, 2010 – Even though the home buyer tax credit expired on April 30 and won’t be renewed, there may never be a better time to buy a home than today, according to the National Association of Home Builders (NAHB). Many outstanding opportunities still exist for home buyers, but they may not be around forever.  

“The home buyer tax credit was just one of many factors motivating Americans to buy homes,” said NAHB Chairman Bob Jones, a builder and developer in Bloomfield Hills, Mich. “But buyers can still take advantage of today’s low interest rates and competitive prices to get a home they may not have been able to purchase just a few years ago.” 

Besides mortgage interest rates that have been hovering at near-record lows, homes in many markets have become more affordable. Prices have moderated from the highs of the housing boom that occurred in most of the country, especially in major markets where they had increased significantly.

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New-home sales see biggest jump in 47 years

Friday, April 30th, 2010

By Alan Zibel
The Associated Press
updated 10:22 a.m. CT, Fri., April 23, 2010

WASHINGTON – Sales of new homes surged 27 percent last month, bouncing off the previous month’s record low and blowing past expectations as government incentives and better weather boosted sales.

The Commerce Department said Friday that new-home sales rose in March to a seasonally adjusted annual sales pace of 411,000. It was the strongest month since last July and the biggest monthly increase in 47 years.

Economists surveyed by Thomson Reuters had expected a sales pace of 330,000. February’s results were revised upward to 324,000, but remained an all-time low. Sales had been especially weak over the winter, partly due to bad weather in much of the country.

The median sales price was $214,000, up more than 4 percent from a year earlier but down more than 3 percent from February.

The new-home sales report reflects signed contracts to purchase homes rather than completed sales and thus gives economists a feel for how many buyers were out shopping for new homes in a given month.

It is likely capturing consumers who are trying to qualify for federal tax credits that will expire at the end of this month. The government is offering an $8,000 credit for first-time buyers and $6,500 for current homeowners who buy and move into another property.

To qualify, buyers must have a signed contract complete by the end of next week and must complete the transaction by the end of June.

“Everyone’s just trying to sign on the dotted line,” said Jennifer Lee, an economist with BMO Capital Markets.

Nearly 1.8 million households have used the credit at a cost of $12.6 billion, according to the Internal Revenue Service.

“These robust numbers say the credit is working,” said David Crowe, chief economist at the National Association of Home Builders. He forecasts sales will rise through April, weaken modestly, and then remain stable through the rest of the year.

The rise in new-home sales was seen nationwide. Sales grew a whopping 44 percent in the South and 36 percent in the Northeast. They also rose about 6 percent in the West and 3 percent in the Midwest.

The number of new homes up for sale in March fell 2 percent to 228,000. At the current sales pace, it would take nearly 7 months to exhaust that supply.

Still, new-home sales are down 70 percent from their peak in July 2005, and some analysts predict they will sink back to the winter’s dismal levels after the tax credit runs out.

“I expect we’ll see a very sharp drop back,” possibly to new record lows, said Paul Ashworth, senior U.S. economist with Capital Economics.

© 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

New Homes in Dallas, McKinney, Frisco Selling Fast!

Friday, April 16th, 2010

It seems like every time you turn on the news, there’s more gloom and doom coming out of Washington regarding the nation’s housing market. 

It’s true that some areas of the country have been hard hit by the mortgage crisis, but that’s not the case in the Dallas/Fort Worth market. 

Metrostudy housing analyst David Brown expects first quarter housing starts in the area to be up at least 50 percent from last year. 

That’s good news for Texas home builders, including John Landon, whose company Landon Homes is selling homes in the North Dallas area.  Landon is a visionary builder offering homes that respect both the environment and the home buyer’s budget.  The company continually strives to build homes with lasting value and quality in exceptional neighborhoods. 

Landon also understands families since the company is comprised of family members. Many employees and subcontractors have worked with Landon for decades and are second-generation members of its team. 

With a repertoire of more than 40,000 homes, the Landon team offers an unmatched wealth of talent, expertise, and enthusiasm. 

For more information, contact Tanya Smith anytime by phone at 214-707-0347 or just click on our LIVE CHAT feature throughout the Landon Homes website for speedy answers to all your new home questions.