Dolly Pandya
My Homefinder Join Sign In

Date Archives: November 2017

Dolly Pandya Blog 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 | Foreclosure | Fort Worth | Jobs | Home Sales | Coppell | Carrollton | Flower Mound | Real Estate | Plano | Frisco | Relocation | Moving | New Construction | New Building | Home Prices | Home Prices | New Contruction | Growth | Forclosure | real estate | dallas | fort worth | remax | search for homes | Schools | Taxes | Dallas-Ft Worth | Growth | Trophy Club | 55+ Retirement Communities | Frisco | Roanoke | Byron Nelson | New Construction | Jobs | Texas | Schools | Little Elm | Little Elm | Frisco | DART | Commuter Rail | Public Transportation | Argyle | Lantana | New Construction | Fort Worth | RE/MAX | Real Estate | RE/MAX | Real Estate | Southlake | RE/MAX | Sales | Agents | Coppell | Flower Mound | Carrollton | Plano | Frisco | Irving | Relocation | Dallas | real estate | remax dfw | Dallas-Fort Worth | Housing | Real Estate | Economy | buying a house | buying a home | home buying tips | RE/MAX DFW Associates | Colleyville | Grapevine | Selling a house | Las Colinas | Valley Ranch | DFW neighborhoods | Keller | Arlington TX | Bedford TX | Euless TX | Hurst TX | Keller TX | 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 | St. Patrick's Day | Financing a home | For sellers | Painting tips | Downsizing | Homeownership | Homebuying tips | For buyers | Frisco, TX | Plano, TX | Addison TX | Allen TX | Anna TX | Aubrey TX | Celina TX | Corinth TX | Farmers Branch TX | Garland TX | Grand Prairie TX | Gunter TX | Highland Village TX | Justin TX | Lewisville TX | McKinney TX | Melissa TX | Mesquite TX | Murphy TX | Prosper TX | Richardson TX | Rockwall TX | Rowlett TX | Sachse TX | The Colony TX | Wylie 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
November
30

DFW Will Be One of the Hottest Home Markets in 2018

North Texas' hot housing market won't cool in 2018, according to a new forecast.  The Dallas-Fort Worth area is expected to be one of the top home markets in the country next year, according Realtor.com's just-released projections. Only Las Vegas will have a stronger home market in 2018, the report predicts.  The D-FW area is forecast to see about a 6 percent increase in home sales and a 5.57 percent hike in median home prices in the year ahead. That's twice the national growth rate for sales and prices, according to Realtor.com.  In Realtor.com's  2017  forecast, the D-FW market was ranked 48th with home sales estimated to see a 5.09 percent increase and median home prices predicted to grow at 4.13 percent.   Rising home inventories in many U.S. markets will enable home sales to grow.

"Inventory increases will be felt in higher priced segments after spring home buying season, which we expect to take hold and begin to provide relief for buyers and drive sales growth in 2019 and beyond," Javier Vivas, director of economic research for Realtor.com, said in the report.

Next year is likely to see a rise in millennial homebuyers who will account for more than 40 percent of new mortgages.  "Millennials are a driving force in today's housing market," Vivas said. "They already dominate lower price home mortgage and are getting close to overtaking older generations for mid- and upper-tier mortgages."

Realtor.com says the biggest uncertainty for next year's housing picture is the current federal tax code overhaul, which could reduce incentives for homeownership and raise taxes for some homebuyers.

Housing Market Growth

  • Dallas Morning News, November 30, 2017

 

November
22

Fastest Growing North Texas Cities

Rank

City

Population Growth Rate 2010-2016

Population 2016

Population 2010

City Manager / Mayor

1

Prosper 
121 W. Broadway
Prosper, TX 75078
972-346-2640
prosperedc.com

93.1%

18,379

9,520

Jefferson Harlan Ray Smith

2

Little Elm 
100 W. Eldorado Pkwy.
Little Elm, TX 75068
214-975-0401
littleelmedc.org

64.3%

42,504

25,877

Matt Mueller David Hillock

3

Frisco 
6101 Frisco Sq. Blvd.
Frisco, TX 75034
972-292-5000
friscotexas.gov

39.8%

163,656

117,056

George Purefoy Maher Maso

4

Forney 
101 E. Main St.
Forney, TX 75126
972-564-7300
forneytexasedc.org

38.3%

19,122

13,824

James Fisher Rick Wilson

5

McKinney 
222 N. Tennessee St.
McKinney, TX 75069
972-547-7500
mckinneytexas.org

31.5%

172,298

131,025

Paul Grimes Brian Loughmiller

6

Midlothian 
104 W.  Ave. E
Midlothian, TX 76065
972-775-3481
www.cedmidlothian.org

26.7%

23,689

18,690

Chris Dick Bill Houston

7

Sachse 
3815 Sachse Rd.
Sachse, TX 75048
972-495-1212
cityofsachse.com

23.5%

25,039

20,282

Gina Nash Mike Felix

8

Burleson 
141 W. Renfro St.
Burleson, TX 76028
817-426-9600
burlesontx.com

22.6%

45,016

36,729

Dale Cheatham Ken Shetter

9

Farmers Branch 
13000 William Dodson Pkwy.
Farmers Branch, TX 75234
972-247-3131
farmersbranchtx.gov

22.3%

34,988

28,616

Charles Cox Robert Dye

10

Addison 
5300 Belt Line Rd.
Addison, TX 75254
972-450-7001
addisontexas.net

17.7%

15,368

13,062

Wes Pierson Joe Chow

10

Allen 
305 Century Pkwy .
Allen, TX 75013
214-509-4100
cityofallen.org

17.7%

99,179

84,290

Peter Vargas Steve Terrell

10

Keller 
1100 Bear Creek Pkwy.
Keller, TX 76248
817-743-4000
cityofkeller.com

17.7%

46,646

39,627

Mark Hafner Pat McGrail

13

The Colony 
6800 Main St.
The Colony, TX 75056
972-625-1756
www.thecolonytx.gov

16.8%

42,408

36,308

Troy Powell Joe McCourry

13

Weatherford 
303 Palo Pinto St
Weatherford, TX 76086
817-598-4000
tx-weatherford2.civicplus.com

16.8%

29,969

25,657

Sharon Hayes Craig Swancy

15

Crowley 
201 E. Main St.
Crowley, TX 76036
817-297-2201
ci.crowley.tx.us

16.6%

14,969

12,838

Robert Loftin Billy Davis

15

Southlake 
1400 Main St.
Southlake, TX 76092
817-748-8400
cityofsouthlake.com

16.6%

30,991

26,575

Shana Yelverton Laura Hill

17

Mansfield 
1200 E. Broad St.
Mansfield, TX 76063
817-276-4200
mansfield-tx.gov

16.5%

65,631

56,373

Clayton Chandler David Cook

18

Rockwall 
385 S. Goliad St.
Rockwall, TX 75087
972-771-7700
rockwall.com

16%

43,586

37,558

Rick Crowley Jim Pruitt

18

Waxahachie 
401 S. Roger St.
Waxahachie, TX 75165
469-309-4000
waxahachie.com

16%

34,345

29,603

Paul Stevens Kevin Strength

20

Wylie 
300 Country Club Dr.
Wylie, TX 75098
972-516-6000
wylietexas.gov

15.2%

47,701

41,411

Mindy Manson Eric Hogue

21

Denton 
215 E. McKinney
Denton, TX 76201
940-349-8200
cityofdenton.com

15.1%

133,808

116,270

Todd Hileman Chris Watts

22

Colleyville 
100 Main St.
Colleyville, TX 76034
817-503-1000
colleyville.com

14.7%

26,152

22,805

Mark Wood Richard Newton

22

Fort Worth 
1000 Throckmorton St.
Fort Worth, TX 76102
817-392-1234
fortworthtexas.gov

14.7%

854,113

742,827

David Cooke Betsy Price

24

Murphy 
206 N. Murphy Rd.
Murphy, TX 75094
972-468-4000
murphytx.org

14.6%

20,482

17,877

Mike Castro Scott Bradley

25

Richardson 
411 W. Arapaho Rd.
Richardson, TX 75080
972-744-4100
cor.net

14.2%

113,347

99,223

Dan Johnson Paul Voelker

  • Dallas Business Journal, November 14, 2017
November
21

Goldman Sachs Says If You Thought 2017 Was Surprisingly Good, Just Wait For 2018

This has been a good year for the global economy, and 2018 will follow that trend, analysts at Goldman Sachs said.  Economic growth around the world has picked up steam this year. Germany — Europe's largest economy — grew an unexpectedly strong 0.8 percent in the third quarter. In Japan, the economy has grown for seven straight quarters. Meanwhile, in the U.S., the economy grew 3 percent in the third quarter.  "2017 is shaping up to be the first year of the expansion in which growth surprises to the upside," Goldman analyst Charles Himmelberg said in a note to clients Thursday. "We expect 2018 to deliver more of the same."  Himmelberg and his team expect the global economy to grow 4 percent next year for several reasons, including strong growth momentum, easing financial conditions, global monetary policy remaining "highly accommodative by historical standards" and the likelihood of fiscal stimulus in the U.S.

  • CNBC, November 17, 2017
November
20

Texas Unemployment Rate Drops to 3.9% DFW Area Drops to 3% - Lowest in Over 40 Years

The Texas economy added 71,500 seasonally adjusted nonfarm jobs in October. Annual employment growth for Texas was 2.6 percent in October, marking 90 consecutive months of annual growth. Texas' seasonally adjusted unemployment rate fell to 3.9 percent, setting a record for the lowest unemployment rate recorded in four decades.  "By adding an impressive 71,500 jobs over the past month and 316,100 jobs over the year, Texas employers have once again demonstrated their unmatched innovation and ability to achieve success in our country's premier place to do business," said TWC Chairman Andres Alcantar. "This economy provides valuable opportunities for the highly skilled Texas workforce to also achieve success."

 

The DFW area unemployment dropped to 3.0 percent, down from 3.8 percent one year ago.  The area now has its lowest unemployment in over four decades.

  • Texas Workforce Commission, November 17, 2017

Login to My Homefinder

Login to My Homefinder