Hidden gems await in Cedar Hill

If you’re looking for a mansion close to Dallas, with extraordinary properties, look no further than Cedar Hill.

Once the county seat of Dallas County and a stop on the Chisholm Trail, Cedar Hill remains true to its roots. Neighbors in the 45,000 person community know one another, shops are plentiful and its parks include the 60 miles of shoreline at Joe Pool Lake, perfect for fishing, bird watching and jet skiing. Cedar Hill is a 16-mile drive to the nightlife of the big city. There are several properties in Cedar Hill that will leave you speechless. Here are two Cedar Hill homes that are available. The four bedroom, castle-like mansion at 2145 Grand View Court is situated on a 3-acre lot with a three-hole course, an infinity-edge pool, a spa and a covered stone patio with a fireplace.

Built in 2011within a gated community, this 7,000-square foot home features a circular drive, a four-car garage and an auto court. The interior has two-story living and dining rooms with special finishes and tall windows. A guest suite is on the first level. The primary suite features a spa-like bathroom with a tub surrounded by columns and a covered balcony that provides views of the valley.

The five-bedroom estate at 1304 Sunset Ridge Circle has a stone exterior and is situated on more than 2 1/2 acres. Built in 2005, this luxury home offers more than 7,500 square feet of living space, Old World finishes and columns in the living areas and bathrooms. The entry has a curved staircase and archways. 

You can work in an office with built-ins, watch sports in your media room or walk out a balcony that overlooks the pool.

If you or anyone you know is looking to move to the DFW area or sell their home, contact Aaron Everett at 214.403.0805 or click here.

 

 

First Time Home Buyers Webinar

Come join me and Maureen Powell from Verity Mortgage on Tuesday March 29nd at 7:00 pm. Don’t make a $20,000 mistake on your first home.
 

Come join our Home Buyers Webinar and learn about:

– Who is involved in the Homebuying Process

– The Loan Process

-The Components of your monthly Mortgage Payment

-Do’s & Don’ts during the Loan Process

-Let’s talk about Credit

To register for this event, please click here.

DeSoto’s Down Payment Assistance Program

Many potential homeowners aren’t aware of the down payment assistance programs that are out there.

The DeSoto Down Payment Assistance Program (DPAP) provides down payment and closing cost assistance to low income, first-time homebuyers. The purpose of the program is to increase homeownership opportunities for current residents living in DeSoto. Downpayment and closing cost assistance is provided in the form of a forgivable loan up to $10,000. The amount of assistance will be dependent on sales price and loan amount from lender.

DeSoto’s Down Payment Assistance Program is made available using funding from the U.S. Department of Housing and Urban Development’s Community Development Block Grant (CDBG).

According to the City of DeSoto the eligibility requirements are :

  • Must currently live in the City of DeSoto 
  • First time homebuyer or not owned a home in the last three years 
  • Must be a U.S. Citizen, Citizen National or proof of legal residency 
  • Must complete eight hours of Homebuyer Education training through a HUD-approved agency 
  • Must have submitted an offer on, or signed the Sales Contract on a potential property in DeSoto
  • Annual gross income must be at or below the 80% income limits established by HUD for Dallas County

The City of DeSoto requires that applicants complete an 8-Hour HUD-approved homebuyer class and one-hour counseling session. Certificates for completion of these requirements must be provided with the completed application. The City of Desoto currently has an agreement with Business & Community Lenders of Texas (BCL) to offer online training and courses for a discounted rate. 

To contact us, please click here.

 

D-FW homebuilders put a halt on home starts in the fourth-quarter

North Texas homebuilders put a halt on new houses in the final quarter of 2021 despite hitting a record of 58,140 units. This was up 20% from 2020’s production, according to the latest report from Residential Strategies.

Dallas-Fort Worth builders started construction on 12,855 single-family  homes in the fourth quarter- down 6.9% from the same period last year. Permits for new construction homes fell in the last four months of the year as builders stopped starting new houses to catch up on construction already underway.

Potential homeowners are taking advantage of the low mortgage rates that have created an unprecedented level of housing demand. Demands are high, but construction capacity issues have forced many builders to adjust their starts as they focus on getting current work in progress complete.

Close to 38,000 D-FW houses were under construction at the end of the year.

“The time it takes to build a new home has become greatly elongated, “ Wilson said. “In normal times, a builder can construct a home in 130 to 140 days.”

“In a recent survey we conducted, cycle times are averaging 219 days.”

According to Steve Brown of The Dallas Morning News, a shortage of workers, materials and other factors are slowing housing production in North Texas.

Earlier in 2021 some new build communities were putting a 5 home cap on how many homes were being sold per month. Builders sold 11,264 new homes in the fourth quarter – a small 1.4% rose from the same period in 2020.

Looking ahead, Wilson said builders and housing analysts are watching for the impact of higher interest rates. Home mortgage costs have headed higher in recent weeks and are expected to rise further during the balance of 2022.

If you or anyone you know is looking to move to the DFW area, contact Aaron Everett at 214.403.0805.

Home price gains in Dallas are at an all time high in monthly Case-Schiller report

Dallas area homes saw an unprecedented 25% spike in the latest nationwide housing market comparison.

Most U.S. house markets are seeing a slight uptick in home price increases, the year-over-year increase for Dallas was the highest ever in the just-released S&P CoreLogic Case-Shiller Home Price Index.

According to the Case-Schiller survey, Nationwide home prices were 19.5% higher in September compared with a year earlier, a slightly smaller annual increase than in August.

Steve Brown of The Dallas Morning News has reported that Dallas-area home prices have shown greater gains in the closely watched Case-Shiller survey.

“Housing prices continued to show remarkable strength in September, though the pace of price increases declined slightly,” S&P’s Craig J. Lazzara said in the new report. “In 14 of 20 cities, prices decelerated – i.e., increased by less in September than in August.”

Dallas-area home prices have more than doubled the last 10 years to a record high in Case-Shiller’s monthly cost measure.

North Texas single-family home prices are 18% higher than in 2020, according to real estate agents’ sales reports.

Housing cost in the Dallas-Fort Worth area and across the nation have exploded during the last year due a severe shortage of homes available for sale and a rising demand during the COVID-19 pandemic.

“While housing market activity is experiencing a typical seasonal slowdown, homebuyer demand remains strong and continues push total home purchases above pre-pandemic levels, “ CoreLogic deputy chief economist Selma Hepp said in an email. “Nevertheless, while activity continues to outperform pre-pandemic levels, there are encouraging signs of a slow albeit welcomed return to more sustainable balance between buyers and sellers.

If you or anyone you know is looking to buy, sell, or invest in real estate, contact Aaron Everett at 214.403.0805.

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