Housing Bust Worse Than Originally Reported

housing slump worse than originally reported

It’s no secret that the housing market took a huge hit over the past several years.  However, recent reports have surfaced indicating that the housing slump was even worse than initially reported – as in, 14.3% worse! Ouch. Apparently the discrepancy is due to  flaws in the data analysis conducted by the National Association of… Read More

Trader Joe’s Coming to Dallas!

trader joe's to open on lower greenville

It looks like Lower Greenville is getting yet another boost, as the specialty grocer Trader Joe’s is opening a new location where the famed Arcadia Theater once stood. The new store is scheduled to open this fall – get excited!

Proposed HUD-1 Changes

real esate closing

The newly established Consumer Financial Protection Bureau (CFPB) has released two revised versions of the traditional HUD closing statement that parties receive shortly before closing. Both forms are five pages long and contain a cover sheet matching actual closing expenses more closely with the Good Faith Estimate (GFE). The revised forms and more information can… Read More

Principal Reductions Increase

Business Graph v6

Some lenders have been more willing to reduce mortgage principal than to agree to a short-sale under the Home Affordability Modification Program (HAMP). According to Treasury Department data, lenders willing to reduce mortgage principal have cut an average of 31% of unpaid balances. Principal reductions began in 2010 under HAMP and have increased in popularity… Read More

Incandescent Light Bulb Ban Repealed…Too Late?

light bulbs

Incandescent light bulbs are back! Congress’ ban on manufacturing traditional, incandescent light bulbs (which was set to go into effect on January 1st) has been repealed – what that means for you and me is that we can continue to buy the cheaper-yet-less-efficient bulbs in lieu of expensive-but-energy-efficient fluorescent light bulbs.  I don’t know about… Read More

JUST CLOSED: Park Cities Custom-Built Home

park cities custom built home

Leaving the hustle and bustle of Manhattan behind, our clients were a family of four excited for a fresh start in the Park Cities.  After exploring move-in ready homes, houses in need of extreme renovations and everything in between, our clients decided to buy a corner lot on a beautiful street and build their dream… Read More

Matt’s Staying in Lakewood

Matt's Rancho Martinez

The word on the street is that a local favorite, Matt’s Rancho Martinez, will be staying in Lakewood after all! Mi Cocina is taking over the restaurant’s space in the Lakewood Shopping Center and, in turn, the Dallas Morning News is reporting that Matt’s will be relocating close by on Skillman and Live Oak.   I… Read More

Lower Greenville Block Party

lower greenville construction

If you’ve driven along Greenville Avenue in East Dallas lately you’ve no doubt noticed the crazy (but ultimately great) construction going on – we first told you about it last November right here. Businesses along Lower Greenville took a hit during the construction and now they’re banding together to celebrate the completion of the million-dollar-plus… Read More

Dallas Home Auction

dallas home auctions

Kennedy Wilson Auction group is hosting another auction on Saturday, December 10 at the JW Marriott in Houston. While we normally don’t comment on out of town auctions, there are several Dallas area homes that will be on the auction block. Since the majority of the auction is for property in the Houston area, this… Read More

Christmas Foreclosure Moratorium

Dallas foreclosures

Fannie Mae, Freddie Mac, and several large lenders have pledged not to foreclose on delinquent borrowers during the holiday season. The moratorium will run from December 19 to January 2, and involves loans through Fannie Mae and Freddie Mac. The agencies will continue with foreclosures during that time, but they will allow residents to remain… Read More

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