Real Estate Blog

Dallas-Fort Worth home sales volume dropped while median home prices increased slightly in the first quarter of 2019. But an uptick in inventory could set North Texas up for a strong summer selling season ahead.

Some feel project doesn't fit into area.

The report by Concierge Auctions analyzed 56 luxury markets across the U.S., grouped by region — West, North, South and Hawaii — and found the overall average sales price last year for the top 10 highest-price sales was $12.2 million. For the Hawaii market, the average price of the top 10 was $13.5 million statewide.

Hawkins Way Capital, which received criticism for a hotel conversion in Oakland, has moved quickly to convert Hotel Metropolis.

Another Texas real estate group is taking aim at Central Ohio.

A newly formed Scottsdale company is launching a program that allows homeowners to cash out their equity in a residence, but without having to move somewhere else.

Austin Habitat for Humanity has unveiled the rendering for 4th & Onion, a six-story affordable condo community in East Austin.

By Audrey Hoffer, The Washington Post

Marina and Daniel Ein acquired an extraordinary collection of Oriental rugs, antiques and art over a lifetime of travel. When it came time to sell their 5,500-square-foot house in the District of Columbia, they assumed the furnishings would add to the appeal.

“Our house was on the market for a year and a half, and we had no offers,” Marina Ein said.

They turned to their friend, Theo Adamstein, a real estate agent with TTR Sotheby’s International Realty who also has a background in architecture, design and photography.

“It took him to tell us the house was not going to sell as is,” Ein said.

RELATED: Denver remains a top destination for millennials despite lack of affordable housing

Adamstein knew immediately what needed to be done. They needed to stage their house.

“I walked in and said, ‘We have to get rid of the furniture, take the paintings down and repaint,’ ” Adamstein said. “We actually fought a bit. I told them what they thought about..

Denver remains a magnet for millennials, but a lack of affordable homes could prevent many of them from sticking around for the long haul.

Out of 100 metros examined, Denver continues to rank in the top 10 for its ability to attract and retain millennials, the generation born between 1980 and 1998, according to a study from the National Association of Realtors.

But the rate at which young adults, especially the new arrivals, can purchase a home given the wages available to them is among the lowest in the country, according to a study from the National Association of Realtors.

“The Denver area is very attractive to millennials, but Denver faces affordability challenges,” said Nadia Evangelou, a research economist at NAR. “Only 10 percent of recent millennial movers bought a home in the area.”

Across the 100 metros that NAR studied, millennials pulled down a median wage of $55,609, but in Denver they earned closer to $69,300. But metro Denver’s advantage is much smaller for those for..

The peak spring home-selling season is in full swing in metro Denver, but it is proving to be a much tamer affair this year than last.

Sellers listed more homes in metro Denver and buyers purchased fewer of them last month compared to April 2018, according to a monthly update from the Denver Metro Association of Realtors.

The inventory of properties available for sale at the end of April was up to 7,012, nearly 36 percent higher than a year ago and 11.4 percent higher ahead of March.

“That is significant, yet we are in a seller’s market in every single price range,” Jill Schafer, chairwoman of the DMAR Market Trends Committee, said in comments accompanying the report.

RELATED: In Denver housing market, what was hot is now cold. See where your ZIP code ranks in home prices.

At the current pace of sales, there is only about six weeks inventory of homes and condos listed for buyers in metro Denver, she said. A balanced market is achieved at around five to six months of inventory.

Ho..