'All-Out' Race For Commercial Real Estate In North Texas Could Stay Just As Hot In 2022
Experts say 2021 was a big year for commercial real estate in DFW, and 2022 will likely stay just as hot.
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Experts say 2021 was a big year for commercial real estate in DFW, and 2022 will likely stay just as hot.
The combination of low mortgage rates, new Texas residents, and a never before seen low inventory of homes, created a combination for the market to explode, experts said.
Following a nearly two-year long I-Team investigation, a new law should help protect homeowners from being hit with what many homebuyers told CBS 11 were "hidden costs."
The City of Arlington will partner with Rehab Warriors on a program designed to provide residential real estate development skills to low and moderate-income veterans.
While the median price of a home in the Dallas/Fort Worth Metroplex sits at just under $360,000 researchers who study the market say houses in that price range have become increasingly hard to find.
A North Texas woman and her boyfriend say they finally found a place to call home after she says a rental company gave her the runaround for weeks, leaving her homeless.
The way homeowners associations in Texas operate is about to change after the passing of new legislation.
Real estate experts insist while a cool down has started for North Texas real estate, the market is not entirely cool or back to normal.
Everything inside, from the reception area to the stark design and features looks like something you would find in an office park rather than a residential neighborhood.
The housing pinch in North Texas has caught the attention of the country, including New York-based RealtyHop, a real estate tech firm.
According to recent real estate data, the Dallas-Fort Worth and Austin real estate markets continue to break and set new records.
"This house I sold for $525,000 is now going to cost me $750,000 to build. What am I going to do? The only thing you can do is go to the customer and say, 'we got a problem,'" builder Kim Paschal said.
New data recently released by a RE/MAX national housing report says the Dallas-Fort Worth area has broken a record and surpassed the $350,000 dollar average price for a home.
Tips for Baby Boomers and their families as they make the decision to sell their aging homes.
Todd Tramonte is a DFW realtor who says he has resorted to offering sellers cruise vacations in order to entice them to accept his clients' offers.
With the skyrocketing prices of real estate in North Texas and homes selling faster than they can get on the market, many are asking if what we are seeing in DFW is a bubble effect.
"Lumber is about tripled from a year ago, and there are some big problems there with the tariffs that are attached to it still," said Phil Crone, Executive Officer of the Dallas Builders Association.
Though housing prices have soared in many parts of the country, and inventory is way down, real estate sales may still be stronger in 2021.
"Going to an open house sometimes feels like you're pulling up to a party," said Rachel Laviola.
Social distancing, stay at home orders and the shift to working from home during the pandemic has significantly impacted the real estate industry.
Not even the holidays can slow down the housing market in DFW right now. Many realtors tell CBS 11 News that out-of-state buyers are driving the demand.
Devin Hall, 44, pleaded guilty Thursday afternoon to conspiracy to commit bribery of an agent of local government receiving federal benefits.
"Social distancing behaviors are having an impact on the home buying process, but agents, buyers and sellers are adapting through the use of technology," Jeff Tucker, an economist for Zillow, said.
The coronavirus is changing almost every aspect of life, including the way homeowners protest property taxes.
Looking to make some extra cash? You're not alone. A recent survey found more than 40% of Americans have some type of side hustle.
Holden McCoy, an eighth grader with cystic fibrosis, was recently a junior starter for the Dallas Stars — a memory he will never forget.
An 8-year-old was kidnapped and sexually assaulted. Thirty three years later, a suspect is under arrest.
The Biden administration is canceling federal student loans for another 55,000 workers to the tune of $4.28 billion in what's expected to be the last such round before he leaves office.
Richard Allen was sentenced to 65 years for each death, totaling 130 years in prison.
The Boeing 777 carrying 239 people disappeared from radar screens on March 8, 2014 while en route from Kuala Lumpur to Beijing.
Holden McCoy, an eighth grader with cystic fibrosis, was recently a junior starter for the Dallas Stars — a memory he will never forget.
An 8-year-old was kidnapped and sexually assaulted. Thirty three years later, a suspect is under arrest.
Four suspects are in custody in Tarrant County facing charges related to multiple crimes, including robbery, murder and animal cruelty.
The Biden administration is canceling federal student loans for another 55,000 workers to the tune of $4.28 billion in what's expected to be the last such round before he leaves office.
Richard Allen was sentenced to 65 years for each death, totaling 130 years in prison.
When a former Cedar Hill police officer was accused of soliciting sex from a DWI suspect he was already under investigation for similar behavior with a victim of domestic violence, internal records reveal.
Amber Crum was just 2 years old when she disappeared from the Pleasant Grove area the day after Christmas in 1983.
A nationwide gift card scam linked to Chinese organized crime involving gangs prompted law enforcement and DHS to take action.
"The events are not a mismanagement of business, but an intentional act to deceive and deprive," an investigator said.
For weeks, the I-Team traced the cups dropped inside seven locations in Garland, Plano, Frisco, Irving, Hurst, Highland Park, and Fort Worth.
The Biden administration is canceling federal student loans for another 55,000 workers to the tune of $4.28 billion in what's expected to be the last such round before he leaves office.
ICE deported more than a quarter-million unauthorized immigrants in fiscal year 2024, the highest tally in a decade.
The plan is aimed at deterring migrants from making the journey to illegally cross the border from Mexico to Texas.
House Republicans are set to meet on Capitol Hill after Thursday's failed vote on a government funding and debt ceiling bill.
Elliston Berry's life was turned upside down after a photo she posted on Instagram was digitally altered online to be pornographic.
At Fort Worth ISD's North Side High School, the sounds of an American sport on the field meet mariachi music in the stands.
With new foods, such as the "Drowning Taquitos" and the "Beso de Angel," Tony's Taco Shop owners say they don't take their success for granted.
Latinas in Tech DFW started back up last year after the pandemic. They have lots of opportunities for Latinas to network, connect, and learn new skills.
Anchor Ken Molestina shows us how he makes his Cuban coffee for the CBS News Texas newsroom.
Del Olmo, who has played golf his entire life, recalls how rare the sport was for people like him growing up in Mexico City.
A North Texas couple vetted and hired a local company for their move to Oregon, not knowing someone else would be taking their things.
Big solar companies oftentimes outsource on-the-ground sales efforts to third-party companies.
As more seniors fall victim to financial scams, citizens and lawmakers search for stronger consumer protections.
Following an I-Team investigation, Sunnova Energy is facing legal action from nearly a dozen Texas families.
A viral TikTok recipe that includes melting Jolly Ranchers landed a 9-year-old in the hospital with severe burns.
A Chicago man was stuck with a big medical bill after undergoing a colonoscopy that found no evidence of cancer. Here's why.
Many participants are amputees but the program also supports those with neurodivergent conditions, brain injuries, military injuries and more.
"The mystery has finally been solved," Congo's health ministry says, after an unidentified disease outbreak started killing mainly women and children in a remote region.
The sisters share a special bond of getting a second chance at life, which they both received at the age of 38 years old.
Republicans wants to extend 2017 tax cuts that expire next year and could let ACA subsidies lapse to help pay the tab, according to analysts.
The concept is simple: a menu with no prices. Guests pay what they can afford.
The new Fort Worth facility is expected to create hundreds of new jobs to help build long-range assault aircraft.
The Dallas City Council voted Wednesday to approve a contract which includes a $15 million upgrade to the convention center.
"The events are not a mismanagement of business, but an intentional act to deceive and deprive," an investigator said.
According to the report, 15,151 Texas workers are owed back wages.
"America's Team: The Gambler and His Cowboys" is coming to Netflix in 2025.
Rick Welts was previously the president and COO of the Golden State Warriors.
Before they step on the field, the SMU Mustangs football team has to get through finals first.
The Dallas Open takes place Feb. 1-9, 2025.
The SMU Mustangs are heading to Pennsylvania to face Penn State on Dec. 21.
A spokesperson for Foxx said that he had to get stitches after he was hit in the face by a glass thrown from someone else in the restaurant.
Sean "Diddy" Combs filed a motion Friday to dismiss his appeal for bail, meaning he will stay in jail until his trial on sex trafficking charges in May 2025.
This year, the team wanted to be sure more visitors could enjoy the trains.
Jamie Foxx opened up about why he was hospitalized for several weeks in April 2023.
The prime-time matchup in Arlington will also take place at Springfield's Atoms Stadium as part of an alternate broadcast.
CBS News Texas captured the excitement and energy of the BMW Dallas Marathon Festival through photos.
Cowtown lit up the streets of Downtown with smiles and lights during the annual Parade of Lights.
Check out photos of cars, trucks and SUV's on display this year at the Texas Auto Show at the State Fair of Texas.
We take a look back at Dallas Police Chief Eddie Garcia's time in Dallas.
Stars, stripes and plenty of fun in the sun is how Fort Worth celebrates the Fourth of July.
