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DIANA HOLMES
REALTOR®, Broker Associate
(214) 280-8960 Cell
Over 400 Million Sold, RE/MAX Lifetime Achievement, RE/MAX Hall of Fame
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August
15

What to Know When Buying an Air Purifier

Air Purifier

Want to remove pesky odors from your home and improve the quality of your indoor air? Our real estate agents suggest buying an air purifier.

An air purifier removes pathogens from your air, like pet dander, dust, and other allergens, that can affect your health. If you also work from home and spend a lot of time in your home office, an air purifier ensures that you have clean, healthy air in your workspace, helping you feel your best and boosting your productivity. 

Here are a few tips to follow when buying an air purifier. 

Look at the Specs for the Air Purifier
If you're considering a specific air purifier, there are two specs you need to look at: the room size it's designed to cover and the CADR rating. The air purifier's room size lets you know how large of a space, in square feet, the air purifier works best in. For example, if an air purifier covers 300 square feet and your living space is 500 square feet, you'll want an air purifier with better capabilities. CADR stands for clean air delivery rate. This figure tells you how much clean air the air purifier produces and will help you figure out how quickly the unit filters the air in your home. When choosing an air purifier, look for a unit with a CADR spec that's at least two times the highest fan speed.  Select a Device That Uses a HEPA Air Filter
A HEPA (high-efficiency particulate air) filter removes 99.9 percent of the particles that pass through it. This includes particulates like viruses, bacteria, dust, and chemical compounds. Air purifiers that use a HEPA filter are effective at reducing the particles that can cause asthma and respiratory problems. If you're adding your home to the inventory of Dallas homes for sale, a HEPA air purifier will help freshen your home's air so that it feels clean and inviting to potential buyers.  Consider the Unit's Sound Levels
An air purifier will make noise when it runs. To minimize the background noise in your home, look for an air purifier with a decibel level of 32 or lower. Many air purifiers operate at 36 decibels. For comparison, a vacuum cleaner is 80 decibels, a normal conversation is 60 decibels, and a whispered conversation is 20 decibels. Some people don't mind background noise, while others prefer to minimize any source of noise pollution. If you're sensitive to noise or just want to minimize unnecessary sound, look for a unit that's as quiet as possible.  Invest in an Air Purifier That's Designed for Your Primary Needs
Your air purifier should suit your family's desired function. Perhaps you're adding your home to the list of Fort Worth homes for sale and want to remove any evidence of your pets. If so, look for an air purifier that specializes in removing pet dander. Or, maybe you have allergies and want to minimize your allergy symptoms. Search for a unit that removes the allergens that you find most problematic. 

An air purifier creates clean, odor-free air, making it an excellent addition to any home. Ready to put your home on the market? Contact us to get started!

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August
8

Go Biking on These Dallas-Fort Worth Trails

Dallas Biking Trails

When our real estate agents are asked why they recommend moving to the Dallas-Fort Worth area, they often mention the region's outdoor amenities. The DFW has so many lovely natural areas where you can enjoy wildlife and beautiful plants. One of the best ways to enjoy these natural areas is by riding a bike. Whether you're a casual bike rider or a more serious cyclist, here are some of the top DFW bike trails to visit.

Katy Trail: 3505 Maple Ave., Dallas, TX 75219
The Katy Trail runs north from Reverchon Park on Maple Avenue to Knox Street. You can park either in Reverchon Park or in the smaller lot on Knox Street, just after the intersection with Travis Street. 

This trail is paved, smooth, and well-maintained. At 3.5 miles long, it's suitable for casual bike rides and walks. Motorized vehicles are not permitted, and pets must be leashed. The Katy Trail was built on an abandoned railroad bed. You'll pass through wooded areas, meadows, and even a few neighborhoods.

Santa Fe Trail: 302 S. Glasgow Dr., Dallas, TX 75219
The Santa Fe Trail is another wide, paved bike path built on an old railroad bed. You can park in the lot at the Glasgow Dr. address listed above. The trail stretches about 4.2 miles from S. Hill Ave. to Winstead Dr.

The Santa Fe Trail stretches mostly through rural areas, making it a good choice if you need a break from looking at Dallas homes for sale. You'll pass White Rock Lake, where you can see water birds and often frogs. There are a few small hills along the trail, but it's mostly flat.

Gateway Park: 1701 N. Beach Street, Fort Worth, TX 76111-5943
Gateway Park is the perfect place to stop for a bike ride while looking at Fort Worth homes for sale. This 1,000-acre park has a series of mountain biking trails running through it. The Trinity Trail, which is a 100-mile trail system, also stretches through the park.

Beginner mountain bikers may want to try the trails on the west side of they park. This trail is 3.5 miles long and is relatively flat. More advanced mountain bikers may enjoy the east side trails, which are longer and hillier. 

Trinity River Audubon Center: 6500 Great Trinity Forest Way, Dallas, TX 75217
The Great Trinity Forest is one of the most beautiful forests in the DFW area. One of the best ways to see it is to ride the trails at the Trinity River Audubon Center. These trails run for miles through the 6,000-acre forest, offering stunning views of the river and trees.

There is a small admission charge to access these trails. The funds are used to maintain the Audubon center, trails, bathrooms, and other facilities.  

Harry Moss Park: 7601 Greenville Ave., Dallas, TX 75231
Harry Moss Park contains a 5.6-mile mountain bike trail that stretches along White Rock Creek. This is a great trail to ride on hot days as the water keeps temperatures a bit cooler. There are a few hilly sections, but the trail is beginner-friendly overall. You'll ride over a few small bridges.

The Harry Moss Park trail does welcome walkers and hikers, too. So if you want to see the scenery but don't have your bike with you, just go for a walk.

Don't hesitate to contact us if you're still looking for a home to buy. We'd love to help guide your search. 

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August
1

Local Markets in the Dallas-Fort Worth Area

DFW Local Markets

No matter whether you prefer Dallas homes for sale or Fort Worth homes for sale, the Dallas-Fort Worth area is full of fun and surprises for the whole family. Local businesses bring lots of character to the DFW, and markets – from swap meets to farmers markets – go on every day of the week.

You'll never have to go far to have an exciting time looking for unique treasures. From the big cities to the small suburbs, communities make plenty of space for local markets. In fact, there are so many options you may not even know where to start.

Let's visit just a few of the DFW's fascinating markets perfect for shopping local:

Third Friday Market at The Sound – 3111 Olympus Boulevard, Dallas, TX 75019
Third Friday Market at The Sound takes place monthly on the 1st between April 1 and October 1. With a beautiful lakeside view from The Sound at Cypress Waters, you can browse local vendor stalls or enjoy live music out under the stars. When shopping is done, take a leisurely stroll and explore the six dynamic restaurants, lakeside amphitheater, spacious dog park, and the carefully kept jogging trails.

Hop & Sting Art Market – 906 Jean Street, Grapevine, TX 76051
Sponsored by Hop & Sting Brewery, Hop & Sting Art Market attracts about 50 vendors, including artists, artisans, local food trucks, and many more. Friendly for the whole family, including your four-legged companions, the action takes place between noon and 6 p.m. on August 20. Homemade and vintage items will be available, with vendors receiving 100% of their sales and all fees going to a nonprofit.

Dallas Farmers Market – 920 South Harwood, Dallas, TX 75201
Dallas Farmers Market is lively and energetic – no matter how many times you've been there, there's always something new to discover. That could be live music, demonstrations from leading local chefs, and much more. Two special event venues are on call for you to rent at The Shed and Market. And you can take advantage of happy hour specials from more than a dozen local restaurants that share the space.

North Richland Hills Farmers Market – 7700 Davis Boulevard, North Richland Hills, TX 76180
For an authentic farmers market experience not far from North Richland homes for sale, you can't go wrong with North Richland Hills Farmers Market. Here, the customer comes first. Visitors and vendors alike work together to celebrate the fresh, bountiful produce directly from the surroundings of North Richland Hills. Purchasing local helps support businesses and families from right in the area.

Grand Prairie Farmers Market – 120 West Main Street, Grand Prairie, TX 75050
Grand Prairie Farmers Market has a little bit of everything for fresh produce aficionados, farm store fans, and the whole family. Just down the street from some of the most desirable Grand Prairie homes for sale, you will find an active and growing farmers market. The GPFM is lauded for having new events almost every week, such as the delicious annual Ice Cream Challenge for Charity.

Our real estate agents know there are plenty of places in the area for local shopping. It's one of the many perks of living in the area! 

Contact us to find out more about Dallas-Fort Worth today.

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July
25

While higher mortgage rates have driven many buyers out of the North Texas housing market, home prices still soared in June more than in other red-hot U.S. metros.  The median home price in Dallas-Fort Worth reached $426,000 in June, up 29.3% from $329,500 in June 2021, according to REMAX's just-released national housing report.  

U.S. home prices were up 11% from a year ago.  D-FW saw the largest year-over-year increase in median sale price among the 53 metro areas analyzed by the brokerage. Some major markets, such as Austin, are not included in the report.  Home sales were down 11.8% in the metro area, with nearly 10,000 transactions, according to RE/MAX. Home inventory has nearly doubled from a year ago to 14,404 properties. Even with the sharp increase year over year, prices were down slightly from May. 

Dallas-Fort Worth home prices still soaring

Of all 53 metro areas RE/MAX analyzed, the company found Dallas-Fort Worth's median home price grew the most from June 2021 to June 2022.

Table with 4 columns and 5 rows. Currently displaying rows 1 to 5.

Market

June 2022

June 2021

% change

1

Dallas-Fort Worth

$426,000

$329,500

29%

2

Tampa, FL

$385,000

$300,990

28%

3

Fayetteville, AR

$343,580

$270,000

27%

4

Las Vegas, NV

$445,000

$365,000

22%

5

Orlando, FL

$395,000

$325,000

22%

Table: Mitchell Parton/DMN  Source: Re/Max National Housing Report  

Mark Wolfe, owner of RE/MAX DFW Associates, said homes are still selling over list price, especially in places like Collin County and Denton County. Some offers will even come in as much as $60,000 over list price when they are the only offer, a carryover from the busier market when buyers had to offer above the asking price if they wanted to get a home.  

People relocating from California have no problem paying $50,000 to $100,000 over list price to make sure they get the home they want, and they will still see it as a good deal, Wolfe said.  "Especially in the northern suburbs, we have a tremendous amount of California homebuyers," he said. "They're flushed with cash." 

Nationally, home sales dropped 17.6% since last June and inventory grew for a third consecutive month, up 34.1% from May.  "The market is moving toward greater balance, especially with inventory gains and the slowing of price appreciation. The past few years have been one of the most competitive times ever for buyers — and we're finally seeing conditions ease up," Nick Bailey, president and CEO of RE/MAX, said in a statement.  

Wolfe said that a quarter of all listings on the market in D-FW are now seeing price reductions, as homes aren't selling as quickly as sellers and agents expect. Homes seeing price drops were likely overpriced to begin with, he said.  The number of showings per listing at Wolfe's offices are down from eight each week last year to an average of three now. Homes are taking weeks instead of days to sell, and more inventory is available.  "But three showings a week is really still a good market," Wolfe said. "It's a little bit more of a normal market than the boom we've had for the last two years."

  • Dallas Morning News, July 18, 2022
June
15

Home prices in Dallas-Fort Worth rose a record 30.7% year over year in March, according to the latest report from the S&P CoreLogic Case-Shiller Index

Rapid Home price growth in North Texas and in cities nationwide continued to break records at the start of the year, but economists expect the market could change its tune in the months ahead.  Home prices in Dallas-Fort Worth rose a record 30.7% year over year in March while national prices grew 20.6%, according to the latest report from the S&P CoreLogic Case-Shiller Index.   "Demand for homes has stubbornly kept ahead of supply this spring, even in the face of rapidly rising costs," said Dan Handy, an economic data analyst for Zillow. "This imbalance between supply and demand for homes this spring has been the key driver in home price growth that continues to set records month after month."  The index compares sales price changes of specific properties over time. Case-Shiller's price estimate is considered more accurate than MLS home sales data which can be influenced by the type of properties that are selling each month.  

Economists predict the rapid price growth could finally begin to slow in the coming months as buyer demand is softened by affordability challenges.  "Mortgage costs are more than 50% higher than they were a year ago, and prospective buyers will likely start to rethink what they can afford," Handy said. "Sellers may already be responding, with the rate of price cuts now on the rise, to meet buyers where they are. Price growth will likely begin to come back towards earth as many buyers are priced out and inventory rises."  Dallas-Fort Worth home showings were down 9% year over year in April and 11% since March, according to ShowingTime.

  • Dallas Morning News, May 31, 2022
June
14

Nearly one in five sellers dropped prices during the four week period ended May 22, Redfin Corp. said in a report Thursday. Other measures of how hot the market is, including a house's time on market and the percentage of homes selling above listing price, have also plateaued.  Consumers are contending with some of the highest mortgage rates in years, despite the dip in those figures in the past two weeks. Higher rates, coupled with economic uncertainty, are raising questions about whether the US housing boom has met its limit with signs emerging that the once-intense pace of the market could be decelerating.

  • Bloomberg Business Week, May 26, 2022
June
10

Price drops are "becoming increasingly common" in some of the most popular housing markets across the United States.  According to a new Redfin data. More than 20% of home sellers dropped their price in May in some of the best markets in the nation.   "When mortgage rates were at or belw 3%, both local and out-of-town homebuyers were more than willing to tolerate high prices, but at more than 5%, many are now priced out," redfin chief economist Daryl Fairweather said in a statement.  "A home's price is driven by the balance of supply and demand, and when demand drops off and supply increases like it is now, rapid price increases evaporate quickly."  Areas that saw a huge surge in migration and sharp increases in home prices over the past two years are now seeing "an abrupt drop-off in demand," which is forcing sellers to "drop their prices with increasing frequency," Fairweather said.

  • Fox Business, May 31, 2022
June
5

 

  • The supply of homes for sale jumped 9% last week compared with the same week one year ago, according to Realtor.com.
  • Real estate brokerage Redfin also reported that new listings rose twice as fast in the four weeks ended May 15 as they did during the same period a year ago.
  • Pending home sales, still good, but dropping

Sharply higher mortgage rates have caused a sudden pullback in home sales, and now sellers are rushing to get in before the red-hot market cools off dramatically.   "Rising mortgage rates have caused the housing market to shift, and now home sellers are in a hurry to find a buyer before demand weakens further," said Redfin Chief Economist Daryl Fairweather.

Sellers clearly see the market softening. Pending home sales were down just over 9% from April 2021, according to the National Association of Realtors. May 2022 will see a larger decrease. This index measures signed contracts on existing homes, not closings, so it is perhaps the most timely indicator of how buyers are reacting to higher mortgage rates. It marks the sixth straight month of sales declines and the slowest pace in nearly a decade.

  • CNBC, May 27, 2022
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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 08/16/2022. The listing information on this page last changed on 08/16/2022. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of NTREIS (last updated Tue 08/16/2022 10:08:57 PM EST) or Permian Basin MLS (last updated Tue 08/16/2022 7:44:37 PM EST). Real estate listings held by brokerage firms other than RE/MAX DFW Associates may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved. --

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