Dallas Real Estate & Community News

Jan. 5, 2022

Expert Insights on the 2022 Housing Market

Expert Insights on the 2022 Housing Market | MyKCM

As we move into 2022, both buyers and sellers are wondering, what’s next? Will there be more homes available to buy? Will prices keep climbing? How high will mortgage rates go? For the answer to those questions and more, we turn to the experts. Here’s a look at what they say we can expect in 2022.

Odeta Kushi, Deputy Chief Economist, First American:

“Consensus forecasts put rates at about 3.7% by the end of next year. So, that's still historically low, but certainly higher than they are today.”

Danielle Hale, Chief Economist, realtor.com:

Affordability will increasingly be a challenge as interest rates and prices rise, but remote work may expand search areas and enable younger buyers to find their first homes sooner than they might have otherwise. And with more than 45 million millennials within the prime first-time buying ages of 26-35 heading into 2022, we expect the market to remain competitive.”

Lawrence Yun, Chief Economist, National Association of Realtors (NAR):

“With more housing inventory to hit the market, the intense multiple offers will start to ease. Home prices will continue to rise but at a slower pace.”

George Ratiu, Manager of Economic Research, realtor.com:

“We also expect a growing number of homeowners to bring properties to market, taking some pressure off high prices and offering buyers more options.”

Mark Fleming, Chief Economist, First American:

Strong demographic demand will continue to act as the wind in the housing market’s sails.”

What Does This Mean for Buyers?

Hope is on the horizon for 2022. You should see your options grow as more homes are listed and some of the peak intensity of buyer competition starts to ease. Just remember, rising rates and prices are a great motivator for you to find the home of your dreams sooner rather than later so you can buy while today’s affordability is still in your favor.

What Does This Mean for Sellers?

Make no mistake – this sellers’ market will remain in 2022 as home prices are projected to continue climbing, just at a more moderate pace. Selling your house while buyer demand is so high will truly put you in the driver’s seat. But don’t wait too long. With more listings projected to become available, your ideal window of opportunity to stand out from the crowd won’t last forever. Work with an agent who knows your local market and current inventory conditions to ensure you have the support you need to make an educated and informed decision about selling in the coming year.

Bottom Line

If you’re thinking of buying or selling, 2022 may be your year. Let’s connect to discuss your goals and the unique opportunities you have in today’s housing market.

Dec. 3, 2021

Ranked: The 10 Best Places To Live Near Dallas, Texas

Best Places To Live Near Dallas, TX

You’ve likely associated Dallas, Texas, with sports, amenities, fantastic food, and being a large city. While it is home to over 1.3 million people, some hidden gem cities and suburbs in the Dallas area allow people to live in a quiet, peaceful area while being close to the downtown excitement. Several areas allow residents to reap the benefits of living in Dallas while having a small-town atmosphere and close-knit community. Here are the ten best places to live in near Dallas, Texas. 

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Posted in Buying a Home
Nov. 24, 2021

Complete Neighborhood Guide To Lakewood, Dallas Texas

Living in Lakewood DallasA short 15 minutes from the heart of Downtown Dallas is a quiet and woody community that overlooks White Rock Lake and the Lakewood Country Club

Lakewood, Dallas, is a popular community that has a lot to offer. The neighborhood is connected, friendly, and built on the basis of shared admiration of natural beauty and a great location. With a variety of real estate options, there’s something for everyone in this community. 

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Posted in Buying a Home
Oct. 22, 2021

Living In University Park, Texas: What It’s Really Like

Living in University Park

University Park is a suburb in central Dallas County, located about eight miles north of Downtown Dallas. University Park residents are privy to all of the exceptional benefits of the ever-growing Dallas-Fort Worth Metroplex area. Almost 7.3 million residents call the metro area home, and it just continues to become more densely populated. University Park is no longer a hidden gem. Due to its fantastic location so close to the downtown Dallas area, it’s no surprise that those who are relocating to Dallas opt for this community. According to Niche, it’s considered the second-best suburb to live in in the Dallas-Fort Worth Metroplex. 

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Posted in Buying a Home
Oct. 20, 2021

DFW Pumpkin Patches

Posted in Community News
Sept. 24, 2021

Texas State Fair Discounts 2021

The temperatures are dropping, the air smells like Fletcher's corny dogs (sometimes farm animals) and you are suddenly craving the most random fried treats. It must be the Texas State Fair

 

Did you know you don't have to pay full price to enjoy the Fair? Here are just a few of the available discounts:

 

Monday - Thursday: All Adult admission tickets are $15 and Children are only $10.

Purchase your tickets at your local Kroger for $3 off one-day admissions or $5 off a season pass.

All active, retired military, and veterans receive $5 off one-day admissions EVERY DAY! 

All first responders received $5 off one-day admissions EVERY DAY!

 

The Texas State Fair is happening September 24, 2021 through October 17, 2021. For a complete list of discounts, special attendance days, and everything you need to know about attending the Texas State Fair click here. Enjoy! 

 

 

 

 

Posted in Community News
Sept. 12, 2021

Dallas Neighborhood Guide: Living in Preston Hollow, Texas

Living In Preston Hollow, Texas

North of Dallas and bordering University Park is one of the most prestigious neighborhoods in the Dallas metropolitan area. Preston Hollow is home to business owners, sports stars, celebrities, and a former president.  The area between Northwest Highway and LBJ Freeway is dubbed the “golden corridor” due to its wealthy residents. This North Dallas, Texas neighborhood is only 6 miles from downtown and 20 minutes from the Dallas-Fort Worth International Airport (the 4th busiest airport in the world).

Preston Hollow is the geographic area between Midway Road, Northwest Highway, Hillcrest Avenue, and Royal Lane. It’s a North Dallas neighborhood with distinct areas, each with a homeowner’s association.

Preston Hollow is one of the most luxurious and impressive neighborhoods in the Dallas, Texas metropolitan area with a population of approximately 15,500. With large estates, mansions, fine dining, shopping, excellent schools, and outdoor opportunities, this area is highly sought after.

A Storied History


 

Preston Hollow’s past dates back to the 1850s when the first settlers arrived. The area began to grow in the 1920s as more people came to live and by 1924, the first neighborhoods and housing developments were established by Ira P. DeLoache. Throughout the 1930s and 1940s, Charles Dilbeck, a famous architect of the time designed many historic homes on country estates that are still standing today. These homes were commissioned by doctors, entrepreneurs, lawyers, industrialists, and oil families. In 1939, Preston Hollow became a municipality and in 1945, they officially joined with the city of Dallas. 

The neighborhood was named by the Preston Road Fresh Water Supply District. It observed a dark wooded area that had creeks and hollows and extended westward from Preston Road. From its humble beginnings, Preston Hollow has blossomed into a popular up-scale neighborhood.

Current and past famous residents include former president George W. Bush and his wife Laura, businessman Ross Perot, energy tycoon T. Boone Pickens, sports owner Mark Cuban, basketball player Dirk Nowitski, football legend Roger Staubach, golfer Lee Trevino, and cosmetics founder Mary Kay Ash.

George Bush & Wife Laura

East and North Preston Hollow


 

Preston Hollow is divided into two main areas – Preston Hollow East and Preston Hollow North.  They both have active neighborhood associations and amenities. They also have a lot of similarities. Residents of both are very diverse, which includes singles, families, and retirees.  People love living in this area due to its convenient location, excellent schools, shopping, dining, and recreation opportunities. Both Dallas North Tollway and Northwest Hwy are easily accessible to reach all parts of Dallas and surrounding areas.

Preston Hollow East has a large number of ranch homes that were built between the 1930s to 1950s and newer larger homes, which can have over 6,000 square feet and a value of between $1 and $2 million. The boundaries of this part of the neighborhood are Northwest Highway, Royal Lane, Preston Road, and Hillcrest Road.

Preston Hollow North has large single-family homes. The street boundaries to this area are Preston Road, Hillcrest Road, Royal Lane, and Walnut Hill Lane. 

Not exclusive to either subdivision is the Estate area. This is in the west part of the neighborhood. There are luxurious mansions on large lots with grand entrances, rolling hills, and winding streets.

Prestigious Homes


 

While there are plenty of large estates in Preston Hollow, many of the streets are comprised of modest and medium sized ranch-style homes.  Preston Hollow homes can range from $849,000 to $15 million, while the median listing price of homes is $1.8 million (as of September 2021).  According to D Magazine, 64% of the homes in the area are detached single-family homes. Those who come to live in Preston Hollow tend to settle here for a while as the average length of residence is around 15 years.  Some of the biggest estates in the city are on Strait Lane. Many of the homes here are quite spectacular and really are a sight to see! 

Luxury Home

One look at the real estate board will show you the diversity of the homes on the market.  Modest homes with 2-3 bedrooms and 1-2 baths with a nice lawn and fenced backyard. Then in another area, you will find multi-million-dollar homes with 5 bedrooms, 5-6 bathrooms, and over 6,000 square feet.  Many homes have manicured lawns, grand entrances, and inground pools.  You can find homes built long ago with character and new construction with all of the latest technology.  Most homes are built on less than ½ an acre, but a few have an acre to acre and a half of land.  There are also high-rise condos with great views of downtown Dallas. 

Nearby neighborhoods include Lake Highlands, Bluffview, and Greenway Parks.

Job Opportunities Abound


 

There are many lawyers, doctors, other professionals, office workers, and more who reside in Preston Hollow. Preston Hollow is only approximately 8 miles from downtown Dallas and there are many job opportunities closer as well. Preston Center is a commercial area with two 20-story office towers.

 

Real estate photo

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Schools


 

If you have school-age children, you will be delighted with the educational choices available in Preston Hollow. Many residents send their children to private schools, but there are plenty of public-school options.  Preston Hollow falls within the Dallas Independent School District.  Elementary schools include John J Pershing Elementary, Preston Hollow Elementary, Harry C Withers Elementary, Walnut Hill Elementary, David G Burnet Elementary, Herbert Marcus Elementary, and K B Polk Center for Academically Talented. 

Public middle schools include Benjamin Franklin Middle School, Cary Middle School, E.D. Walker Middle School, Thomas C Marsh, and Travis Middle School. Public High Schools include Hillcrest High School, Thomas Jefferson High School, W.T. White High School, and Macarthur High School. Your school district depends on your location within the neighborhood. 

Private schools are religious or non-sectarian. Catholic Schools are operated by the Roman Catholic Diocese of Dallas for Catholic Schools, and choices include Ursuline Academy of Dallas (an all-girls school), Jesuit College Preparatory School of Dallas (an all-boys school serving 9th-12th grades). Several elementary schools are in the area as well, including Christ the King, St. Rita, and St. Monica.

Other private schools with religious tones are Preston Hollow Presbyterian School for grades 1-6, Good Shepherd Episcopal School for pre-kindergarten through 8th grade, St. Marks’s School of Texas for grades 1-12, Parish Episcopal School for pre-kindergarten through 12th grade, and Hockaday School, a prestigious, secular, all-girls preparatory school.

Other Non-sectarian schools in the area are Greenhill School for kindergarten through 12th grade, Lakehill Preparatory School, Alcuin School, and the Dallas International School, which has two campuses – the Churchill Way Campus for those 2 years old to 4th grade, and the Waterview Campus for 5th to 12th grades.

For those who want to continue their education, there are a couple of local choices as well. Dallas College is a community college offering a variety of associate's degree and certification programs in business, engineering, manufacturing, health sciences, and public service. Southern Methodist University (SMU) is a renowned 4-year college in nearby University Park.

University Students

City Parks - Your Oasis in the City


 

Preston Hollow has beautiful parks and trails for outdoor recreation. The mild weather ensures that there is no shortage of sunny days to enjoy the open air. Netherland Park has 5.3 acres of green space with tennis courts and trails. Preston Hollow Park has 7.2 acres with baseball/softball fields, a soccer/football field, tennis courts, playground, picnic tables, and trails. The Northaven Trail runs east and west through the neighborhood. It’s a long, narrow park with hiking and biking trails, fun runs, movie nights, and neighborhood parades. If you keep going on the trail, it leads to White Rock Lake where there is boating, fishing, trails, and the Dallas Arboretum. 

World-Class Shopping


 

What’s a high-end neighborhood without high-end shopping? Preston Hollow has malls, boutiques, and everything in between. The Dallas Galleria and NorthPark Center are close by, but Preston Hollow Village is in the neighborhood. This shopping, dining, and retail destination also has an office and apartment complex for a complete living experience. Another popular retail destination is the Preston Forest Shopping Center. Here you can shop at Whole Foods Market for your groceries, Joann Fabrics, and Crafts for your creative needs, and dine at a choice of several casual restaurants.

Locals frequent these independent shops as well. The Toy Mavin is an independent toy store with unique gifts for children. Ken’s Man’s Shop is a haberdashery that has been in business since 1964. J Renee Shoes and More is the place for ladies’ shoes and accessories. Dougherty’s Pharmacy is the place to fill your prescriptions, and Interbang Books, which is located on Lovers Lane, has your favorite best-selling novels.

Dining


 

Preston Hollow has restaurants for every budget. From casual dinners to 5-star experiences, you are sure to find something to satisfy your taste buds. There are several worth mentioning. Rise is known for their sweet and savory souffles. Don't skip the marshmallow soup! The Mercury has American cuisine, plus a wide variety of sushi. A favorite pizza place is Dough which specializes in Neapolitan-style pies. For your Chinese fix, check out Royal China’s dumpling bar. Another favorite is Neighborhood Services, a bustling spot with a glowing reputation for excellent American fare owned by chef and restaurateur Nick Badovinus. Other notable restaurants include TJ's, Pakpao Thai, Meso Maya, Princi Italia, and Blue Sushi Sake Grill.

Sushi Boat (Restaurant Unkown)

Unique Attractions


 

There are plenty of opportunities for entertainment in and around Preston Hollow. For kids and active adults, the JCC, Town North YMCA and Cooper Athletic Center are neighborhood favorites. If you are more the intellectual type, the George W. Bush Presidential Library is located on the campus of SMU and The Museum of Biblical Art has eleven galleries dedicated to art with a Biblical theme. 

For movies and special events, check out Landmark Inwood Theatre, which was built in 1947 and renovated in 2005, but still has its original murals and charm. Saint Michael’s Farmers Market is the place for local fresh produce that must be grown within 150 miles of the market. Top off your day with a grown-up grilled cheese sandwich at Pinstack, or a martini at The Library Bar. Oh, and if you are looking for books, skip the bar and head to the Preston Royal Branch of the Dallas Public Library

Remember, Dallas and Fort Worth and all places in between are just a short distance from the neighborhood. The Dallas area is home to major sports teams, world-class entertainment, and wonderful nightlife. Day trips could include the Sixth Floor Museum dedicated to the life and assassination of JFK, AT&T Stadium in Arlington where the Dallas Cowboys play, Highland Park Village where you can shop to your heart’s content, and Southfork Ranch where the famous TV show “Dallas” was filmed.

Come Take a Look!


 

When looking for a home in the Dallas area, Preston Hollow should definitely be on your list. Drive down the streets, check out the new modern and traditional homes as well as classic original construction, and see how conveniently located this neighborhood is to everything you could ever want. You can have an easy commute to work, great schools for your kids, and the pleasure of living in a well-established neighborhood.

A local Preston Hollow, TX real estate agent is ready to help you find your dream home!

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Posted in Buying a Home
Sept. 9, 2021

Lake Highlands, Texas Ultimate Neighborhood Guide [2022]

Lake Highlands, TX

Situated in a perfect location, Lake Highlands is a beautiful neighborhood located in North East Dallas. Richardson is on the northern border, Garland is to the east, Lakewood and North Dallas border on the west, and White Rock Lake and East Dallas are to the South. An established area, Lake Highlands is a collection of dozens of subdivisions.  With a sprawling 14.5 square miles of space, there is plenty of room for the 87,000 residents. Lake Highlands continues to be one of the most desirable neighborhoods in North Dallas. 

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Posted in Buying a Home
Aug. 24, 2021

The Top 8 Reasons You Should Move To Richardson, TX Today

Moving To Richardson TX

Richardson Texas is a dynamic and exciting city located slightly northeast of Dallas, Texas. The city has a rich history and a multicultural community and offers a vibrant business district, ample real estate options, well-rated schools, and a mix of urban amenities. Richardson is a popular choice for those moving in and around the Dallas area.

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Posted in Buying a Home
Aug. 23, 2021

Forest Hills: The #1 Neighborhood Guide To This Dallas Neighborhood

Forest Hills

Forest Hills is a neighborhood that’s full of opportunity and natural beauty. It has a convenient location, beautiful homes and it’s close to nature for residents to enjoy. It’s one of the best neighborhoods in Dallas and homeowners have many reasons to enjoy it. 

The neighborhood’s streets have been lined with beautiful pecan, elm, and oak trees that have been growing since the area was originally established for residential use in the 1920s. The area is 5 miles from downtown Dallas and nestled under White Rock Lake. Locals love to admire the natural beauty of the neighborhood and long-term residents enjoy the suburban-style feeling they get from such a well-designed and picture-perfect neighborhood.

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Posted in Buying a Home