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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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November
7

Go to an Art Museum Day: DFW Art Museums

DFW Art Museums

Art lovers such as our real estate agents feel right at home in the Dallas-Fort Worth area since Dallas has the largest Arts District in the United States. Discover DFW's rich cultural community by participating in Go to an Art Museum Day on Wednesday, November 9.

Dallas Museum of Art - 1717 N. Harwood, Dallas, TX 75201
For more than 100 years, the Dallas Museum of Art has been the flagship attraction in the downtown Arts District. As one of the 10 largest art museums in the country, the DMA draws upwards of 650,000 visitors each year. Their permanent collection includes more than 25,000 pieces representing 5,000 years of art across all cultures, while they also offer a full calendar of family-friendly classes and workshops so visitors can explore their own creativity. General admission is free but does require an entry ticket that can be obtained online. The DMA is open from 11 a.m. to 5 p.m. Tuesday through Sunday except for Friday, with extended hours until 9 p.m.

Nasher Sculpture Center - 2001 Flora St., Dallas, TX 75201
As passionate collectors of sculpture, the late Raymond and Patsy Nasher wanted to share their interests with others around Dallas homes for sale. That dream was fulfilled in 2003 with the opening of the Nasher Sculpture Center. The building itself, designed by noted architect Renzo Piano, almost qualifies as a larger-than-life sculpture. Inside the center, more than 300 works represent legendary sculptors such as Calder, Rodin, Miró, and Picasso. Many exhibits feature pieces from the Nasher family collection. Admission is $10 for adults, $5 for students with ID, and free for kids under 12. Hours are 11 a.m. - 5 p.m. Wednesday through Sunday.

The Modern Art Museum of Fort Worth - 3200 Darnell St., Fort Worth, TX 76107
Despite its name, The Modern Art Museum of Fort Worth is the oldest museum in Texas, dating back to 1892. Over time, the mission of The Modern has evolved, and today, they aim to showcase "the most compelling art and ideas of our time." Located in the Cultural District, just minutes from Fort Worth homes for sale, The Modern's collection of paintings, photos, and sculptures includes artists such as Francis Bacon, Jackson Pollock, and Henry Moore. Admission is $16 for adults, $10 for students, and free for kids under 18. Hours are 10 a.m. - 5 p.m. Tuesday through Sunday except for Friday, when closing time is 8 p.m.

Amon Carter Museum of American Art - 3501 Camp Bowie Blvd., Fort Worth, TX 76107
The Amon Carter Museum of Modern Art celebrates the incredible artistic legacy of our own country. View stunning works from artists such as Frederic Remington, Georgia O'Keefe, and Louise Nevelson. Admission is free. The Carter is open 10 a.m. - 5 p.m. Tuesday and Wednesday, 10 a.m. - 8 p.m. Thursday, 10 a.m. - 5 p.m. Friday and Saturday, and noon- 5 p.m. Sunday.

There are many museums and galleries to explore when you call the Dallas-Fort Worth area home. Are you ready to buy or sell a home in this area? Contact us at RE/MAX DFW Associates to get started.

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October
17

Retro Diners in the Dallas-Fort Worth Area

DFW Diners

After a busy day, our real estate agents want a satisfying home-cooked meal with someone else doing the work. When these moods strike, they head for the retro charms of these delightful diners around the Dallas-Fort Worth area. 

Mama's Daughters' Diner - 2412 W. Shady Grove Rd., Irving, TX 75060
As the owners of Mama's Daughters' Diner proudly proclaim, "the only thing you'll find instant here is our service." Mama Norma, along with her daughters and granddaughters, turns out a menu of scratch-made comfort food favorites, such as meatloaf, chicken-fried steak, and biscuits & gravy. Daily specials offer your choice of entree with three sides for only $10.99. Save room for freshly-baked pie or cobbler. Stop in for lunch on a day of viewing Irving homes for sale. Hours are 7 a.m. - 8 p.m. on weekdays and 7 a.m. - 3 p.m. on weekends.

Norma's Cafe - 605 W. 15th St., Plano, TX 75075
While the diner's namesake is no longer involved, the owners of Norma's Cafe carry on the proud tradition she started back in 1956. Norma's is probably best known for their generous breakfasts, which include Mexican-style dishes. The menu also features nostalgic blue-plate specials with vegetables, homemade rolls, and cornbread. Satisfy your sweet tooth with a slice of their famous Mile-High Pies™ in five different flavors, or get one to go after touring Plano homes for sale. Norma's is open seven days a week from 7 a.m. - 8 p.m.

Lucky's Cafe - 3531 Oak Lawn Ave., Dallas, TX 75219
From the pastel neon sign out front to the old-school kitchen pass-through, Lucky's Cafe provides a comfortingly retro ambiance just minutes from Dallas homes for sale. But the food gets a modern update with farm-to-table dishes made with locally-sourced ingredients. Due to popular demand, Lucky's began serving their breakfast menu all day, so you can enjoy decadent banana cognac pancakes or hearty pot roast hash anytime. Vegans and vegetarians may be delightfully surprised to find several meatless options, such as sweet potato hash and veggie enchiladas. Lucky's is open every day from 7 a.m. - 9 p.m.

Local Diner - 477 W. Bethel Rd., Coppell, TX 75019
Local Diner, right down the street from Coppell homes for sale, may have been founded in 1989, but they have the classic food and friendly customer service down pat. "Breakfast by the Number" is scaled-down portions of their full-size meals, with budget-friendly prices that start at just $3.25. Each month, the spotlight is on a new special such as September's Fair Food Feast of lemonade, corn dog, and funnel cake fries. Become an insider when you join the E-Club. Members receive a 10 percent discount daily, along with a birthday gift and other special offers. Hours are 6:30 a.m. - 2:30 p.m. daily. 

Spiral Diner & Bakery - 1314 W. Magnolia Ave., Fort Worth, TX 76104
Beef is king around Forth Worth homes for sale, yet Spiral Diner & Bakery defied expectations by opening a successful restaurant featuring a completely plant-based menu. Burgers come in a choice of cashew-quinoa, veggie, or "beyond" patties, while Mexican dishes are topped with their signature cashew-based nacho cheese. Cakes and cookies baked on-site are vegan, dairy-free, and egg-free. Hours are 10 a.m. - 10 p.m. daily.

For a real treat, get your diner meal to go and gather around the dining table in your Dallas-Fort Worth home. Contact us at RE/MAX DFW Associates for experienced help with all your real estate needs. 

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October
10

Laundry Room Makeover Inspiration

Laundry Room

Even though the laundry room is one of the most frequently used rooms in many homes, the styling and functionality of the room are often overlooked. Our real estate agents encourage homeowners to overhaul their laundry room so that it's a space that fits their aesthetic preferences and household needs. Here are a few ideas for your laundry room makeover. 

Repaint Your Laundry Room with a Light Color
If your laundry room feels small, closed-off, and dreary, painting it a light color is a simple, effective way to help the space feel larger and more inviting. White, beige, light gray, blues, and greens are all excellent options. Overhaul your laundry room's paint before adding your home to the inventory of Fort Worth homes for sale.  Add Cabinets or Shelving to Your Laundry Room
One issue that most laundry rooms struggle with is a lack of storage; many times, the top of the dryer winds up as the only functional storage area in the room. Hang cabinets or install shelves to give the laundry room valuable space. Should you decide to install shelves, use canvas or wooden bins on the shelves to make sure that everything has a designated spot. Ditch Your Laundry Product's Containers
The containers that your laundry products come in are usually big, bulky, and unattractive. Instead of storing products in their containers, pick up a set of glass jars to house your laundry detergent, fabric softener, and stain removers. Glass jars compliment nearly every type of decor, and it's easier to see if you're about to run out of one of your laundry essentials. If you're ready to add your home to the list of Dallas homes for sale, small changes can help make your home more appealing to potential homebuyers.  Install a Waterfall Counter
A waterfall counter that goes over your washer and dryer will add useful folding space to your laundry room without sacrificing any of your floor space. This addition will also prevent socks, towels, and other clothing items from getting lost in the space between your washer and dryer.  Upgrade Your Lighting
Upgrading your laundry room's light fixture with a more stylish option will instantly make the room look more appealing and inviting. Consider investing in a light fixture that you love to add character to the room and ensure that you have lots of bright lighting when it's time to do a load of laundry.  Hang a Utility Rod
Hang a utility rod above your washer or dryer in minutes using a tension rod. This provides a convenient spot to hang clothing items that need to air dry or promptly hang clothing that wrinkles easily.  Incorporate a Few Decorative Elements
Utilizing decorative pieces that you love, like a wall print, wreath, curtains, or throw rug, is an easy way to make your laundry room a space that you look forward to using. Decor also keeps the room from looking drab and boring. 

With a few simple changes, you can enhance the look and utility of your laundry room. Interested in a home with more space for your family? Contact us to get started!

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August
23

The North Texas housing market is downshifting quickly, with Dallas-Fort Worth being the only U.S. market to see a decrease in home sale prices last month, according to a report released today.  DFW home prices are down 1.9% year over year in July, according to the latest Re/Max National Housing Report.

 

And what a difference a month makes.  Last month, DFW led the U.S. for home price increases, with June prices up 29.3% over the previous year.   In hard numbers, home sales prices in DFW fell to $413,900 in July from $422,000 in July 2021.   Homes in DFW spend an average of 23 days on the market before selling.

 

Higher interest rates and inflation, as well as record home prices, triggered a sharp drop in demand for housing, said Todd Luong, a realtor with Re/Max DFW Associates:  "Here at our Re/Max office in Dallas-Fort Worth, our listings are currently getting on average 2.7 showings per week," Luong said. "Last year, at this same time, our listings were earning on average 5.9 showings per week. That is a huge drop in buyer demand compared to the previous year. Record home prices and higher mortgage rates have forced many potential buyers out of the market, especially first-time homebuyers."

 

While the latest trends may disappoint some sellers, buyers now have more choices and better opportunities for good deals, Luong said.   Luong said that the DFW housing market has been challenged with low inventory for years and reached an all-time low earlier this year, with only a two-week supply. Now, however, inventory is increasing.  "Although buyers have more choices now, it is still not a balanced market as we only have about a two-month housing supply," Luong said. "In a normal market, you have about a five to six-month supply of housing."

 

A new report from Zillow also found falling home values, although the numbers didn't match Re/Max's precisely because of different study methods and different geographic definitions of DFW as a metro area, among other reasons.  According to Zillow's findings, the Dallas-Fort Worth metro area's typical home value is $396,904, down 1.1% since June, the first month of decline. Values are up 55.4% since July 2019.

 

Zillow also reported that the mortgage payment on a typical home in DFW is $2,633 a month, including taxes and insurance. That's up 77.4% compared to July 2019.

According to Zillow, inventory in DFW has risen 10.2% since June, and the share of listings with a price cut in July was 22%, compared to 15.6% in June.  Nationwide, after two years of unprecedented growth, home values fell for the first time since 2012 as competition for houses eased, according to Zillow's July market report.

 

The slowdown is being driven by decreased competition among buyers. Zillow's analysis says that affordability pressures have pushed many to the sidelines, and buyers are waiting in the wings to resume their search if and when prices relax a bit.  Skylar Olsen, Zillow's chief economist, called the flattening of home values "a badly needed rebalancing.  This slowdown is about discouraged buyers pulling back after the affordability shock from higher rates," Olsen said. "As prices soften, many will renew their interest, and we will continue our progress back to 'normal.'"

 

Luong said he sees positive signs in the market.  The interest rate for a 30-year fixed mortgage dropped below 5% after peaking in June. More than 290,000 new jobs were added in Dallas-Fort Worth last year, so North Texas has one of the strongest labor markets in the country.   "Reasonably priced homes that are in good condition and move-in ready are still selling very fast," he said. "However, the bidding wars have subsided considerably across the board."

  • Dallas Business Journal, August 19, 2022
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
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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 11/27/2022. The listing information on this page last changed on 11/27/2022. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of NTREIS (last updated Sun 11/27/2022 8:09:44 AM EST) or Permian Basin MLS (last updated Mon 11/21/2022 7:45:23 AM 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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