North Texas' Real Estate Frenzy Appears To Be About Over, Experts Say
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.
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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.
After agent fees and closing costs, Americans nationwide can spend nearly $21,000 to prepare their homes to be sold.
Texas public elementary schools could use teachings from the Bible in lessons under a proposal drawing intense opposition and praise.
Joe Mixon ran for three touchdowns, Derek Barnett returned a fumble 28 yards for a score and the Houston Texans beat the Dallas Cowboys 34-10.
No one was hurt on board, but concerns are being raised about a larger security threat.
The Texas Supreme Court has cleared the way for Robert Roberson's execution to be rescheduled a month after he narrowly avoided it.
Tuesday morning will be chillier with clear skies and dry air in place, morning lows will drop into the upper 40s and lower 50s.
Texas public elementary schools could use teachings from the Bible in lessons under a proposal drawing intense opposition and praise.
Joe Mixon ran for three touchdowns, Derek Barnett returned a fumble 28 yards for a score and the Houston Texans beat the Dallas Cowboys 34-10.
No one was hurt on board, but concerns are being raised about a larger security threat.
The Texas Supreme Court has cleared the way for Robert Roberson's execution to be rescheduled a month after he narrowly avoided it.
Tuesday morning will be chillier with clear skies and dry air in place, morning lows will drop into the upper 40s and lower 50s.
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.
A Collin County man is facing an extremely rare traffic citation after an encounter that was caught on video.
The CBS Data Team learned there are about 5600 mail thefts reported every year in the North Texas region- that's more than 15 reported thefts a day.
For the past six months, the CBS News Texas I-Team has spoken with more than a dozen Medicare recipients who reported fraudulent activity on their accounts.
Texas public elementary schools could use teachings from the Bible in lessons under a proposal drawing intense opposition and praise.
Two women testified before the House Ethics Committee that Matt Gaetz paid them "for sex," their lawyer told CBS News' Major Garrett.
President-elect Donald Trump's Cabinet and senior staff picks are facing an uncertain future as his selections received mixed reviews in recent days — and a handful sent shockwaves through Washington.
Every week, Eye on Politics breaks down some of the biggest political stories grabbing headlines in North Texas and beyond.
A return to Madison Square Garden meant revisiting the place where a comedian caused an uproar at a Trump rally last month by likening Puerto Rico to a "floating island of garbage."
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.
Overdose deaths have slowed 18% since a peak last year, the CDC estimates.
Illnesses linked to slivered onions on McDonald's Quarter Pounder burgers expand to 14 states, federal officials say.
The packaging label omitted a key ingredient, prompting a Food and Drug Administration recall.
Once a month, a group of veterans and first responders gathers to find healing through outdoor therapy.
Texas has the third largest population of people 50 years of age and older.
Seventeen thousand workers depend on those containers to arrive by train or truck transport inside southern Dallas County’s International Inland Port.
Following an I-Team investigation, Sunnova Energy is facing legal action from nearly a dozen Texas families.
Elliott Hill is a TCU graduate and currently serves on the school's board of trustees.
Chevron Corporation announced Friday it would relocate its headquarters from San Ramon to Houston, Texas before the end of the year.
The U.S. Olympic and Paralympic Committee filed a federal lawsuit this week alleging Prime, Logan Paul's energy drink company, of infringing on the committee's trademarks.
Joe Mixon ran for three touchdowns, Derek Barnett returned a fumble 28 yards for a score and the Houston Texans beat the Dallas Cowboys 34-10.
Florida Atlantic fired coach Tom Herman on Monday with two games left in his second season at the school, neither of which resulted in a winning record.
The much-hyped fight pitting the 58-year-old Tyson against Paul, 27, shattered records but was marred by tech glitches.
Unlike the Cowboys, the Texans hold a winning record and are the top team in their division.
The Dallas Wings won the WNBA draft lottery Sunday and the chance to draft UConn star Paige Bueckers with the No. 1 pick.
The much-hyped fight pitting the 58-year-old Tyson against Paul, 27, shattered records but was marred by tech glitches.
With the release of part one of her new memoir, Cher talks about her relationship - on stage and off - with Sonny Bono, and why their TV partnership survived beyond their marriage.
A day after losing his highly-anticipated boxing match to Jake Paul, Mike Tyson wrote that "this is one of those situations when you lost but still won. I'm grateful for last night."
Betty White will be honored with a stamp in 2025, the U.S. Postal Service announced on Friday.
The 46-year-old Houston native – whose name is Jason Head – was putting a gun away at his ranch when it "slipped out of the holster, hit the side of the jeep and discharged into his stomach area," his publicist said.
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.
Severe storms made way across North Texas on May 28, leaving behind a path of destruction.
Damage from across North Texas that was left behind by two tornadoes on May 25.
