This Month in Real Estate : A Quick look at what is Happening Nationally

Here is a quick look at what is happening in the US Real Estate market. To learn more about your local market CLICK HERE.

To Search For Homes CLICK HERE

Windsong Ranch Prosper Texas

Windsong Ranch Prosper Texas ; $1.2 Billion Dollar Community Comes To Prosper 

Windsong Ranch Prosper Texas ; It may only be a field today but with-in the next year the largest development in Prosper Texas, Windsong Ranch, is set to begin construction

Windsong Ranch Prosper Texas

Windsong Ranch Prosper Texas is a name you will hear more and more over the upcoming months. Windsong Ranch is the name for the new $1.2 Billion dollar, 4,100 home community coming to Prosper, Texas. Windsong Ranch will be located in Prosper Texas along US Highway 380 west of The Tollway. 

Windsong Ranch will be the largest residential development in Prosper Texas. Windsong Ranch is a 2,030 acre project which will include single family residents, townhomes, apartments, retail and commercial space. Windsong Ranch will feature numerous public spaces such as trails, parks, and community green spaces. Windsong Ranch will also offer a community center with pool, fitness center, coffee shop, and much more. Windsong Ranch will feed into Prosper Schools and will eventually have 3 schools built with-in the community. Windsong Ranch is being developed by the Terra Verde Group of Richardson Texas. 

Windsong Ranch Prosper Texas

The first homes in Windsong Ranch are expected to start construction in early 2014. Windsong Ranch is expected to take an estimated 10 years to complete. Continue to check PlanoHomeTips.com for updates on the development of Windsong Ranch.

To Search for Homes in Prosper Texas and surrounding areas CLICK HERE

DFW homes see prices rise for 11th straight month

Standard and Poor's Case-Shiller Home Price Index for January 2013 has just been released and the good news for the DFW real estate market continues to come in. According to Case-Shiller, DFW home prices were 7% higher in January 2013 than they were in January of 2012. Lack of inventory and great interest rates have helped contribute to the rise in home prices in the Dallas Ft. Worth market area. 



Nationally, the news is very positive. In the 20 cities that Case-Shiller studies home prices were up an average of 8.1% over the last 12 months. Home prices across the nation are back to their fall 2003 prices, a great sign that the housing market has truly started to recover. Foreclosure filings continue to be down over 25% from a year ago and housing starts saw nice rises in the month of February 2013. 

Standard and Poor's Case-Shiller Report for January 2013

Metropolitan Area	Change	Change
	Dec. 2012-	Jan. 2012-
	Jan. 2013	Jan. 2013
Atlanta	1.0%	13.4%
Boston	0.0%	4.0%
Charlotte, N.C.	0.2%	6.0%
Chicago	-0.9%	3.3%
Cleveland	-0.5%	4.8%
Dallas	0.0%	7.0%
Denver	0.0%	9.2%
Detroit	-0.9%	13.8%
Las Vegas	1.6%	15.3%
Los Angeles	0.9%	12.1%
Miami	0.8%	10.8%
Minneapolis	-0.5%	12.1%
New York	0.1%	0.6%
Phoenix	1.1%	23.2%
Portland, Ore.	-0.4%	8.3%
San Diego	-0.6%	9.8%
San Francisco	0.1%	17.5%
Seattle	-0.3%	8.7%
Tampa, Fla.	0.9%	8.9%
Washington, D.C.	-0.7%	5.9%
20-city composite	0.1%	8.1%
Source: S&P Dow Jones Indices and Fiserv

To Search For Homes in The DFW Metroplex CLICK HERE

Dallas ranked as MOST AFFORDDABLE MAJOR CITY to live in the USA

Zip-Realty has released its first ever ranking of housing affordability in 30 major and metropolitan areas and coming it at number 1 was Dallas, Texas. The Zip-Realty rankings are determined by comparing the median household income of a city to the median home price in that city.  The median income of a Dallas family is $47,418 while the median home price in Dallas is $249,950. This equates to a home price to median income ratio of 5.27%. In other words the median Dallas family will only have to spend 5.27% of their annual income to afford the median house in Dallas. On the other end of the income to home price ratio spectrum you will find cities like Washington DC and Brooklyn NY where income to home price ratios are over 16%.


Below is a list of the TOP 10 MOST AFFORDABLE HOUSING MARKETS as determined by Zip-Realty.



City                             Home Price to Income Ratio

1. Dallas-Fort Worth        5.27x
2. Houston                       5.43x
3. Minneapolis                 5.50x
4. Orlando                       5.89x
5. Las Vegas                   5.98x
6. Raleigh, N.C.               6.03x
7. Austin                          6.13x
8. Denver                         6.31x
9. Nashville                     6.47x
10. Phoenix                       6.59x

Below is a list of the TOP 10 MOST EXPENSIVE HOUSING MARKETS as determined by Zip-Realty

City                                     Home Price to Income Ratio

1. Washington, D.C.                        16.78x
2. Brooklyn, N.Y.                                16.58x
3. San Francisco Bay Area             13.81x
4. San Diego                                     13.60x
5. Los Angeles                                 13.52x
6. Miami                                             12.11x
7. Orange County (California)       10.63x
8. Boston                                           9.47x
9. Westchester (New York State)  9.29x
10. Baltimore                                      8.56x

To Read the Complete Zip-Realty report CLICK HERE

To Search for Homes in The Dallas metroplex and surrounding areas CLICK HERE

Open House in Prosper Texas this Saturday and Sunday

Keller Williams Central Presents

1110 Oakbrook Street
Prosper, TX 75078

List Price : $189,990
Sq. Footage : 2,180
Bed : 3
Bath : 2
Year Built : 2010





Spacious one story home that shows like brand new! Gourmet cooks kitchen has stainless appliances and granite counters with island and breakfast bar. Breakfast area overlooks large backyard and canal. Secondary bedroom can also be used as an office with lovely wood floors. Huge third bedroom has 2 closets and was planned as 2 bedrooms but owner left out wall and the space is perfect for a gameroom, exercise room or playroom. 

For more information about 1110 Oakbrook CLICK HERE

To Search for more homes in Prosper and surrounding areas CLICK HERE

Where have all the houses gone???

Home inventories in North Texas continue to shrink

Ask any Realtor in Collin County how the real estate market is today and with no hesitation he or she will reply, CRAZY!!!! We have seen a 180* turn-around in the last 12 months. What was once a buyer's market in many parts of North Texas has QUICKLY become a very seller friendly market. 

Homes in North Texas are selling faster than Realtors can get them listed. Multiple offer situations are becoming the norms for both buyers and sellers.  Weekend open houses which just  a year ago might have attracted one or two prospective buyers walking through may now see over 20 interested parties literally jostling for position to get in the door. Home builders are filling waiting lists daily with new buyers. 

The leading cause for this crazyness in the real estate market is the lack of available homes for sale. Most areas of North Texas are seeing inventory levels at or near all-time lows. Take a look at the chart below and see what your city's monthly supply of homes for sale. Keep in mind anything under two months is considered a very HOT seller's market.

CITY	# OF ACTIVE LISTINGS	# OF SOLD OR PENDING LISTINGS LAST 6 MOS.	MONTHS SUPPLY OF HOMES FOR SALE
Plano	424	1720	1.48
Allen	195	777	1.50
McKinney	415	1613	1.54
Frisco	536	1536	2.09
Little Elm	126	551	2.24
Celina	70	95	4.43
Prosper	132	233	3.40
Wylie	108	390	1.66
Murphy	73	171	2.56
Richardson	128	589	1.31

To Search For Homes in North Texas CLICK HERE

To Find Out What Your Home is Worth CLICK HERE

Murphy Texas Open House this Sun 3/17

Don't miss this great opportunity to come see 525 Comanche Trail in Murphy Texas this Sunday, March 17th, from 1-3pm. This 4 bed 2.1 bath home is in the Ranch at North Hill of Murphy Texas. For directions to the property CLICK HERE.

525 Comanche Trail
Murphy, Texas 75094

Square Footage : 2,556 (Tax)
Bedrooms : 4
Bath : 2.1
Stories : 2
Garages : 2
Year Built : 2002
Subdivision : The Ranch at North Hill




Remodeled! 4 bedrooms upstairs including master suite with sitting area. 2 dining, 2 living with Huge Backyard. Spacious tiled kitchen with Granite Countertop, backsplash and Stainless Steel Appliances. Newly painted inside and Carpet. Very close to Shopping Complex and famous Southfork Ranch. See it to believe it.

For more information about this home CLICK HERE

To search for more homes in Murphy Texas CLICK HERE 

Murphy Texas Home For Sale in Rolling Ridge Estates

Presented by The Jan Webb Team 972-679-2755

Rolling Ridge Estates of Murphy Texas

442 High Point
Murphy, Texas 75094




3750 sq. ft.
5 Bed
4 Bath
Game Room and Study
Built in 2010
Price : $375,000.00

Gorgeous home featuring elegant formals, a 2 story kitchen w/ stainless steel appliances including gas cooktop and double ovens which opens to a two story family room. Large master suite in rear of home. Additional bedroom and full bath down. Study down. Upstairs, 3 bedrooms and 2 full baths and gameroom looking over downstairs. Great walk-in storage. 14" easy maintenance tile in most of downstairs. Elevated lot with gorgeous landscaping. Huge side yard. Extra parking pad.

For a private showing of this home please contact The Jan Webb Team at 972-679-2755

To search for more homes in Murphy Texas CLICK HERE

Full Remodel in Dallas open Sunday 3/10 from 1-3pm

Don't miss your chance to see this beautiful fully remodeled 3 bed 2 bath home with pool in Dallas, Texas this Sunday. The home will be open Sunday, March 10th from 1-3pm.




Fantastic full remodel everything has been updated. Large open floor plan with plenty of natural lighting lots of windows, skylights in living area and kitchen. laminate wood floors, granite counter tops, stainless appliances. Master bath has Jacuzzi tub & separate rain shower. Lg master bedroom. Sunroom. Living room has wet bar & fireplace. Relax in your backyard oasis with an in ground pool, bar & deck. Great location This is a Must See!

For more information on 6640 Clearhaven Court CLICK HERE

To search for homes in Dallas and surrounding areas CLICK HERE 

Home Prices see largest increase in seven years

CoreLogic Home Price Index Rises by Almost 10 percent year over year in January 2013

 

 

 
 

 

Real Estate analytics provider CoreLogic has released its Home Price Index for January 2013 and the news is yet another confirmation of a real estate market that has turned around seemingly overnight in some areas. Nationally home prices were up 9.7 percent over January 2012. This is the greatest year over year increase in price in over seven years. Only two states, Deleware and Illinois, did not see an increase in year over year prices in Jnauary 2013.

 

 

 

What about here in the DFW area??

 

The Dallas Fort Worth area home prices were up 8.1 percent from this time in January 2012. Historically low housing inventories, pent-up buyer demand, and extremely low interest rates have turned many areas of the DFW real estate market from strong buyer's markets to strong seller's markets. Many buyers in todays DFW real estate market are starting to come across homes with multiple offers for over full price in under 24 hours. The competition for good homes in the DFW area is at it highest in years. Working with a professional who understands the shift in this market and how is educated in what is happening day to day in the market is more crucial now than ever.

 

 

To Search for homes in DFW CLICK HERE

 

To Read the complete Home Price Index report from CoreLogic CLICK HERE