Connect with us

Dallas, TX

Dallas-Fort Worth Home Listings Have Spiked As Sellers Prepare for Market Downturn

Published

on

Dallas-Fort Worth Home Listings Have Spiked As Sellers Prepare for Market Downturn


Senior govt vp and managing director for Douglas Elliman Actual Property Mike Reddell (Elliman, iStock)

The Dallas-Fort Price metroplex has seen a dramatic improve in houses up on the market over the previous few weeks as sellers look to make the most of the recent market whereas it lasts.

The variety of lively house listings the week of Might 21 spiked 41.6 % from a 12 months prior for the fifth consecutive week of good points, the Dallas Morning Information reported. The area noticed the very best annual development for any week on report since Realtor.com started monitoring this determine in 2017. Realtor.com reported provide declines within the D-FW space each week since March 2020 till April of this 12 months.

“Sellers have been listening to for about two years what an incredible time it’s for them to promote … they usually’ve seen their fairness simply develop like loopy,” stated Mike Reddell, senior govt vp and managing director for Douglas Elliman Actual Property in Dallas.

Advertisement

“With the inventory market being wobbly and mortgage charges rising, I feel sellers which were enthusiastic about this for some time, extra of them are pulling the set off and placing the home up on the market,” he continued.

New listings in D-FW rose 32.4 %, in response to the publication, signalling an enormous inflow of sellers placing houses available on the market as summer season approaches. Even Reddell stated he would promote his home proper now if he had been ready to.

“We’ve bought extra vendor participation within the housing market this 12 months than we had final 12 months,” stated Danielle Hale, chief economist for Realtor.com. “The true property market continues to be one which favors sellers, house costs are excessive and houses proceed to promote comparatively shortly.”

Hale notes that the market remains to be influenced by the pandemic, so some sellers have pushed again plans from final 12 months. Redfin reported on Might 15 that new listings all through the U.S. climbed practically twice as shortly as they did on the identical time final 12 months.

“Rising mortgage charges have induced the housing market to shift, and now house sellers are in a rush to discover a purchaser earlier than demand weakens additional,” stated Daryl Fairweather, chief economist for Redfin, in an announcement.

Advertisement

[Dallas Morning News] — James Bell



Source link

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Dallas, TX

Where to find the best Christmas lights in Dallas-Fort Worth

Published

on

Where to find the best Christmas lights in Dallas-Fort Worth


Gather your family, grab some hot cocoa, and explore the best Christmas light displays across DFW. This list includes free attractions and festive events with admission fees:

Christmas Lights Show:

Dallas Zoo Lights

Advertisement

When: Nov. 22 – Jan. 5
Where: Dallas Zoo
What: Enjoy illuminated zoo animals, creative displays, and larger-than-life decorations. Perfect for kids and families.
Cost: Tickets start at $16.

Advertisement

Dallas Zoo Lights Presented by Reliant

Holiday at the Arboretum

When: Nov. 13 – Jan. 5
Where: Dallas Arboretum
What: Thousands of lights and elaborate decorations set the scene for this cherished Dallas holiday tradition. Activities and food add to the festive atmosphere.
Cost: Tickets range from $13 to $37, depending on age and time of visit.

Holiday at the Arboretum

Advertisement

Lightscape

When: Nov. 22 – Jan. 5
Where: Fort Worth Botanic Garden
What: Millions of lights transform the gardens into a magical, glowing winter wonderland. Seasonal treats and warm beverages are available for purchase.
Cost: Tickets range from $12 to $30.

Lightscape

Advertisement

Tianyu Lights Festival

When: Nov. 8 – Jan. 19
Where: Grand Prairie, Texas
What: Stroll through a magical forest filled with vibrant, handcrafted light displays. Food and drinks are available for purchase.
Cost: Admission ranges from $16 to $33, depending on the day. Parking costs $10 online or $15 onsite.

Advertisement

https://tianyuculture.us/dallas/

Drive-thru Christmas lights:

Burkman Holiday Home (Featured on The Great Christmas Light Fight)

Advertisement

Where: 3809 Hazelhurst Drive, Frisco
Cost: Free.

Deerfield Christmas Lights

Where: West Plano, between Preston Road and Coit Road.
Cost: Free.

Advertisement

Highland Park

Where: Enter the neighborhood at Armstrong Parkway and Preston Road.
Cost: Free. Horse-drawn carriage rides are available for $175.

Karr Family Light Show

Where: 5901 Pacers Lane, Fort Worth (6–10 p.m.)
Cost: Free.

Advertisement

Lights on Trail Creek

Where: 4941 Trail Creek Drive, Fort Worth. Tune your radio to 99.9 FM for synchronized music.
Cost: Free.

Interlochen Christmas Lights

Advertisement

Where: Start at Randol Mill Road and Westwood Drive in North Arlington.
Cost: Free.

Holiday Lights

Southwestern Boulevard

Advertisement

Where: University Park, between Central Expressway and the Dallas North Tollway.
Cost: Free.

Timberhollow Circle

Where: A cul-de-sac in Lake Highlands with a “12 Days of Christmas” display. Surrounding homes are also decorated.
Cost: Free.

Advertisement

Vitruvian Park

Where: Vitruvian Park in Addison (Nov. 23 – Jan. 1)
Cost: Free.

https://visitaddison.com/events/vitruvian-park/



Source link

Advertisement
Continue Reading

Dallas, TX

Texas AG Sues Dallas Over Marijuana Decriminalization Measure

Published

on

Texas AG Sues Dallas Over Marijuana Decriminalization Measure


Texas Attorney General Ken Paxton has filed a lawsuit against the City of Dallas and local officials, targeting a ballot measure that decriminalizes marijuana-related offenses and bars police from enforcing state drug laws.

The announcement of this legal action, made last week, is related to Proposition R, also known as the “Dallas Freedom Act,” which was passed in November with nearly 67% approval.

Advertisement

The measure decriminalizes possession of less than four ounces of marijuana and restricts the Dallas Police Department from making arrests or issuing citations for such offenses, except in cases involving larger felony investigations. It also bars officers from using the odor of marijuana as probable cause for searches or seizures.

As of today, in Texas, possession of up to 2 ounces of marijuana is classified as a Class B misdemeanor, carrying a penalty of up to 180 days in jail and a maximum fine of $2,000. Possession of more than 2 ounces but less than 4 ounces is a Class A misdemeanor, punishable by up to 1 year in jail and a maximum fine of $4,000.

The state contends that Proposition R is preempted by Texas state law, including the Health and Safety Code – which criminalizes the possession of marijuana – and the Local Government Code – which obligates municipalities to enforce state drug laws fully. The lawsuit alleges that the charter amendment is unconstitutional under the Texas Constitution to the extent that local laws may not conflict with state statutes.

The lawsuit also argues that Proposition R bars Dallas police from enforcing misdemeanor marijuana possession laws, utilizing the odor of marijuana as probable cause, or expending city funds to test marijuana substances with exceptions in those narrowly defined cases where the alleged offense is a violent or high-priority narcotics felony.

Advertisement

Therefore, the state asked the court to nullify Proposition R, arguing Dallas exceeded its legal authority. It also asks the court to stop city officials and police from enforcing the measure and to ensure state drug laws are followed.

Earlier this year, Texas AGl Paxton also sued the cities of Austin, San Marcos, Killeen, Elgin, and Denton for adopting amnesty and non-prosecution policies that he claims violate state laws on marijuana possession and distribution.

Marijuana in Texas

Texas has not yet legalized marijuana for recreational use but has a medical marijuana program in place under the Texas Compassionate Use Act, which passed in 2015. It also legalized the production and sale of industrial hemp and CBD products in 2019, following the Farm Bill of 2018, which legalized hemp, defined as marijuana having no more than 0.3% THC, by separating it from marijuana under the Controlled Substances Act.

Currently, 24 U.S. states have legalized recreational use of marijuana, and 38 states for medical use.

In the November presidential election, several marijuana-related ballot measures were proposed, but most failed.

Advertisement

In Florida, nearly 56% voted “yes” to Amendment 3, which allowed adult-use marijuana; however, it did not meet the required 60% threshold to amend the state constitution.

Similar ballot measures in North Dakota and South Dakota each failed to achieve majority support.

Arkansas voters could have expanded the state’s medical marijuana program, but the state’s Supreme Court ruled – prior to this election – that the votes could not be counted.

The marijuana legalization measure that passed was in Nebraska alone, making it the 39th state to legalize marijuana for medical purposes, though its validity is still being challenged in court.

Meanwhile, in Texas, a lawmaker has recently filed a bill to legalize and establish a regulated market for the production and sale of recreational marijuana. However, past marijuana bills have stalled in the conservative Texas legislature, setting up the next session as potentially crucial for marijuana policy reform in the state.

Advertisement



Source link

Continue Reading

Dallas, TX

Cowboys vs Giants on Thanksgiving: Dallas is favored after weeks as underdog

Published

on

Cowboys vs Giants on Thanksgiving: Dallas is favored after weeks as underdog


The Dallas Cowboys got back in the win column with a surprising upset over the Washington Commanders. Surprising in the fact that Dallas won, and surprising in that it was one of the crazier games seen in a while. The fourth-quarter alone was worth the price of admission.

The Cowboys were able to get their win even though they were roughly 10.5-point underdogs going into the game. Dallas has been the underdog for a while now, but this week they are favored. With their rivals in the NFC East, the New York Giants, coming to town on turkey day, Dallas finds themselves as 3.5-point favorites in the FanDuel odds.

Advertisement

The Giants appear to be falling apart after cutting QB Daniel Jones, getting rocked by the Tampa Bay Buccaneers 30-7, then having multiple players calling the team’s effort ‘soft’ and questioning the game plan.

Could the Cowboys actually go on a winning streak? And how does this sit with a fanbase firmly looking toward draft position?



Source link

Advertisement
Continue Reading

Trending