In The News

In The News

The latest news featuring Residential Strategies.

Dallas Morning News

August 31, 2017

Golf Course Weighed For Housing Project

A historic Oak Cliff golf course is being considered for possible redevelopment.

The property would be attractive to a company like Huffines, said Dallas housing analyst Ted Wilson of Residential Strategies.
“It’s a beautiful piece of property in a close-in location,” Wilson said. “The question is, can they deliver building lots and houses that hit the right price? It’s certainly in a part of town Mayor [Mike] Rawlings and others are promoting and looking for growth down there.”

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Dallas Business Journal

August 29, 2017

Frisco Housing: How Far Does Your Dollar Go In One Of The Hottest Cities in The Country?

Frisco has ranked as this year’s best real estate market in the United States, followed by four neighboring North Texas suburbs, according to a WalletHub study.

Since the beginning of 2010, Frisco’s median price for a new home has escalated 78 percent from $285,132 to $507,757 at the end of last year, with some of those costs tied to the rising cost of dirt in the city, said Ted Wilson, principal of Dallas-based Residential Strategies, in a previous Dallas Business Journal interview.
“If you look at this trend, Frisco was a less expensive alternative to Plano when it was growing way back when and now Frisco is one of the higher-priced markets,” said Wilson, adding this is a reflection of the city’s maturing housing market.

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CBS DFW

August 25, 2017

Higher Housing Prices Blamed For Slowing Frisco ISD Enrollment

When Jason Lester moved back to North Texas from Cincinnati, he and his family chose Frisco like so many other families.

Ted Wilson of Residential Strategies in Dallas has analyzed the North Texas housing market for years.
“Affordability is a big issue in Frisco and housing prices aren’t going down,” said Wilson.

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Dallas Business Journal

August 10, 2017

Single-Family Rental Firms Consolidate In A Merger Creating $11B Dallas-Based Company

A merger between two major operators of the single-family rental homes — Dallas-based Invitation Homes (NYSE: INVH) and Starwood Waypoint Homes (NYSE: SFR) — will create an $11 billion company, which is the largest of its kind in this industry.

The merger is reflective of the maturing niche market in the housing industry, said Ted Wilson, principal at Dallas-based Residential Strategies Inc., which analyzes the North Texas housing market.
“As the market matures, it will be harder for these companies to grow organically through increased competition and they have to grow through M&A activity,” Wilson told the Dallas Business Journal.

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Dallas Morning News

August 9, 2017

D-FW Home Sales Jump 11% In July

North Texas’ housing market headed into the second half of 2017 with a doubledigit sales gain.

“The market is still very vibrant,” said Ted Wilson with Residential Strategies. “The inventory has picked up a little bit and that’s enabled the housing market to grow.”
“For much of this cycle we have been limited by the inventory out there.”

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FOX NEWS

August 2, 2017

US Construction Companies Facing Extreme Labor Shortage

Analysts cite Mexico’s improving economy and Trump’s hardline stance on illegal immigration

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Dallas Business Journal

July 21, 2017

Homebuilder Shaping Up Its New North Texas Operations To Catch Building Boom

Houston-based homebuilder Perry Homes LLC is quickly building up its North Texas regional team as it seeks to diversify its holdings in the Lone Star state housing, while making a major push into the region.

Ted Wilson, principal at Dallas-based Residential Strategies, said the focus on affordable housing has helped push North Texas home starts to the highest level in the region since the fourth quarter of 2006.
“The builders have become focused on getting the pricing down with more subdivisions catering to the under $300,000 buyer, and the sales at that price point have been strong,” Wilson told the Dallas Business Journal.”The homes priced over $500,000 have been choppier and the buyer doesn’t have the same urgency they had 18 months ago.”

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NBC DFW

July 10, 2017

Wave Goodbye To Affordable Homes In Dallas-Fort Worth

Market analysts, builders note that homes at $200,000 and below are difficult to find

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Dallas Business Journal

July 10, 2017

Affordable Housing Push Brings DFW Starts To Highest Level Since 2006

With homebuyers in North Texas demanding more affordable housing options, builders have responded with an influx of new homes priced below $300,000 — pushing the quarterly home starts of 8,912 units to the highest level the region has seen since the fourth quarter of 2006.

Those builders focused on constructing homes prices under $300,000 reported brisk sales throughout the second quarter of 2017, said Ted Wilson, principal at Dallas-based Residential Strategies Inc.
Wilson said builders above the half-million-dollar mark have to offer more incentives and giveaways.

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Community Impact Newspaper

July 3, 2017

Experts Say Rising Area Home Values Expected To Continue In McKinney, Collin County

North of Dallas housing inventory is low, and home prices are high.

Six years ago, at any given time, there were about 25,000 home listings of less than $200,000 in the Dallas-Fort Worth area, and that number has shrunk to less than 5,000 today, said Ted Wilson, principal at Residential Strategies.
“At the same time, to be able to afford a $200,000 house, you have to have a minimum household income of about $55,000,” he said. “The number of people that make $55,000 or less has increased by 58,000 in Dallas-Fort Worth the past six years.”

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Dallas Morning News

July 2017

GrowSouth Fund Slow To Bear Fruit

A few years ago, Mayor Mike Rawlings got together with some of Dallas’ biggest real estate players and asked them how he could convince the business community that the city’s underserved southern half was an untapped gusher of opportunity.

Ted Wilson, a principal with Dallas-based Residential Strategies and a member of the GrowSouth housing steering committee, said that since the recession, it also just takes more money in the bank to grab available lots.
“For the smaller builder, it’s a much more challenging environment,” he said.

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Dallas Morning News

July 2017

Hot Market Turns Hotter

Demand for homes continues to soar in North Texas

“Builders focused on house prices under $300,000 reported brisk sales throughout the quarter,” said Ted Wilson, principal with the Dallas based Residential Strategies.
While builders are trying to move the price point down, buyers shouldn’t expect a substantial drop in new home prices, Wilson said.

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Dallas Morning News

June 10, 2017

Home Prices Hit New Record

North Texas home prices are still on a hot streak.

“The North Texas housing market continues to have a shortage of home listings, especially under $300,000,” said Ted Wilson of the Dallas-based housing consultant Residential Strategies Inc.
“With demand far outstripping supply of ‘starter’ and ‘first move-up’ homes, it remains commonplace to see multiple offers at or above asking price for these more affordable homes as they come to market.

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Dallas Business Journal

June 5, 2017

D.R. Horton’s Proposal To Buy 75% Of Forestar Could Help Fill Its Land Development Pipeline

If the proposed acquisition by home building giant D.R. Horton Inc. (NYSE: DHI) of 75 percent of the outstanding shares of Forestar Group Inc. (NYSE: FOR) goes through next month, it could give the Fort Worth-based builder a bigger pipeline of home lots throughout the United States.

In North Texas, Forestar has been one of the top land developers for single-family home sites, said Ted Wilson, a principal at Dallas-based Residential Strategies.
“They have multiple positions in the Dallas-Fort Worth market with very good locations, which is attractive to any home builder,” said Wilson, adding he believes Forestar’s Board of Directors will do whatever is in the best interest of its shareholders.

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Dallas Morning News

May 18, 2017

$300M Project Would Bring Up To 6,000 homes

Developers have announced plans for a $300 million community in McKinney that could have as many as 6,000 homes.

The residential project has been in the works for several years, said Ted Wilson with Dallas-based Residential Strategies Inc.
He said the property owners are trying to improve access to the tract by “working with McKinney on getting Laud Howell Parkway built,” which would connect Cross F Ranch with U.S. 75.

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Dallas Morning News

May 16, 2017

D-FW surges past U.S. Median Home Price

The Dallas-Fort Worth area had one of the biggest home price increases in the country in the first quarter.

“We’ve seen it coming — I think higher prices are here to stay,” said Ted Wilson, with Dallas-based housing analyst Residential Strategies Inc. “There are more and more people chasing fewer and fewer lower-priced properties.”
Wilson said that D-FW median home prices have risen by almost $100,000 in the last six years because of a shortage of properties and huge population gains in the area.

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Dallas Morning News

May 15, 2017

Toyota Opening: The Race For Housing

If you’re having trouble finding a house, blame it on Toyota — and State Farm Insurance, Boeing, Kubota Tractor, McKesson Corp. and dozens more corporations moving tens of thousands of workers to North Texas.

“With most of California and the bigger East Coast cities, their median prices are well above ours,” said Ted Wilson, a principal with Dallas-based Residential Strategies. “They come here and can afford it and put money in their pocket.”
Wilson said that the “relo business” has been a boon to North Texas housing — particularly the builders. “The builders tell me corporate moves have really bolstered their sales,” he said.

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Dallas Morning News

May 9, 2017

North Texas Home Prices Hit Another Record High In April

Median up 12 percent to $246,100; sales up 5 percent from 2016

“Still, the overall supply remains very tight,” said Ted Wilson of Dallas-based Residential Strategies. “It is running at about a third the level we would consider to be normal for houses priced under $400,000.”

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Dallas Morning News

May 8, 2017

How Do D-FW Housing Costs Compare?

While North Texas home prices and apartment rents are at record levels, they are below what residents are paying in many major U.S. markets. Relocating residents from high-cost markets still see D-FW as a bargain.

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Dallas Business Journal

May 8, 2017

Hines Opens Its Gates To Dallas’ Latest Amenity-Rich, In-Town Neighborhood

Houston-based development firm Hines has opened its gated residential community in North Dallas — the Merion at Midtown Park — which will bring new homes to the city starting in the $450,000s.

“We’re looking at climbing up to 32,000 housing starts by year end and that demand is driven by job growth,” Ted Wilson, principal of Dallas-based Residential Strategies, told the Dallas Business Journal in a recent interview.
“The question is will the builders build them quickly enough and several of our builder clients are making progress,” he added.

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Dallas Morning News

April 28, 2017

Real Estate Report: Set For A Seller’s Spring

House hunters shouldn’t expect to find many bargains in this spring’s Dallas-area home market.

Ted Wilson, principal with Dallas housing analyst Residential Strategies, said local homebuyers are getting hit with sticker shock. Prices of preowned homes have jumped more than 40 percent in the last four years.
“Buyers have to digest these higher prices,” Wilson said. “With these ever-increasing prices, you have to ask: How many people are we pricing out of the market?”

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Dallas Morning News

April 11, 2017

D-FW Housing: Sales Soar In Quarter

Job growth also buoys prices and construction, all hitting record levels.

“This represents the highest level of annual construction activity since fourth quarter 2007,” said Ted Wilson, principal with Dallas-based housing analyst Residential Strategies.
“Most of the production builders are entering the summer months with solid backlogs of orders,” Wilson said. “This is especially prevalent for those builders that focus on the more affordable price points.

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Dallas Morning News

April 11, 2017

D-FW Home Starts Jump To Highest Level In Seven Years

North Texas builders scrambled to meet buyer demand in the first three months of 2107, starting the most houses in a single quarter since 2007.

“This represents the highest level of annual construction activity since fourth quarter 2007,” said Ted Wilson, principal with Dallas-based housing analyst Residential Strategies. “Reports from builders indicate that Spring 2017 has produced another solid period of home sales — even with higher home prices and mortgage rates.”

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Dallas Business Journal

April 10, 2017

Housing Market In DFW Hits A New Threshold In This Real Estate Cycle

The North Texas housing market has hit a new threshold of home starts under construction in the first quarter of 2017.

As housing analyst Ted Wilson projected earlier this year, Dallas-Fort Worth has hit a new threshold of home starts not seen this real estate cycle.
This represents the highest level of annual construction activity since the fourth quarter of 2007, said Wilson, a principal at Dallas-based Residential Strategies.

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D Magazine

March 2017

Growing In Southern Dallas?

In the wake of Dallas Mayor Mike Rawlings’ GrowSouth initiative, there’s no doubt businesspeople are looking harder at opportunities in the city’s southern sector.

More immediate success has been realized in the single-family housing sector. As part of GrowSouth’s single-family housing initiative, the mayor brought together a consortium of big-name local homebuilders—companies like David Weekley, DR Horton, Camden Homes—and challenged them to hit a goal of 1,500 new home starts within two years. Ted Wilson, principal with Residential Strategies, says building activity is outpacing that goal.
That said, Wilson admits there are many factors fueling the homebuilding boom in the southern sector that have nothing to do with GrowSouth.

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Dallas Morning News

March 9, 2017

Sales Rise 5% For Month

North Texas home sales grew 5 percent in February, with the most houses sold ever in the second month of any year.

“I think it’s because of real demand from new jobs and growth from in-migration,” said Ted Wilson, a housing analyst with Dallas-based Residential Strategies Inc.
“It keeps on going despite slightly higher mortgage rates. It’s definitely a strong spring market.”

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Star Telegram

February 26, 2017

Area Home Builders Slowed By Shortage Of Construction Workers

A shortage of construction workers has lengthened the time it takes to build a new home from four months to six or seven months, area builders say.

“Were we not constrained by this lack of labor, we’d probably be starting about 35,000 houses,” said Ted Wilson said, principal with Residential Strategies.
Wilson said few workers migrated back from oil fields to construction jobs even as drilling activity declined the last couple of years.

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Dallas Business Journal

February 23, 2017

DFW Home Prices In DFW Overheated By Up To 14 Percent

As home prices continue to climb in Dallas-Fort Worth, Fitch Ratings’ latest quarterly sustainable home price report says North Texas homes are overvalued by 10 to 14 percent.

The affordability issue is something builders and developers alike are trying to overcome, but there’s no “bubble,” in the North Texas housing market, said Ted Wilson, a principal at Dallas-based Residential Strategies, a firm that analyzes the local housing market.
“With all the job growth and in-migration of companies moving to Dallas-Fort Worth, we’re going to continue to see a tremendous amount of activity,” Wilson said.

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Dallas Business Journal

February 21, 2017

DFW Home Sales Skyrocket To Record Heights, But Analyst Says, ‘There’s No Bubble Here’

The Lone Star state has set some all-time record highs in 2016 as Dallas-Fort Worth sales — and prices — continued to skyrocket, and one analyst says he expects the housing market to continue to boom for the foreseeable future.

“With all the job growth and in-migration of companies moving to Dallas-Fort Worth, we’re going to continue to see a tremendous amount of activity,” Ted Wilson, principal at Dallas-based Residential Strategies, told the Dallas Business Journal.
“In today’s world, the lower price points are found on the existing home side and there’s been a huge demand for affordable housing,” he added.

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Dallas Morning News

February 12, 2017

California, There They Go

Friendly, affordable Texas is drawing many residents from the Golden State who may account for 20 percent of new homebuyers for some builders.

Californians may account for as much as 20 percent of new home sales for area homebuilders, said Ted Wilson, president of Residential Strategies.

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Dallas Morning News

February 10, 2017

Loan Costs Erode Home Affordability

Higher housing costs will be the hot-button issue for North Texas buyers in 2017.

“The era of ultra-low mortgage rates may be concluded,” said Ted Wilson of the Dallas housing analyst Residential Strategies. “Rising housing prices mean an increasingly smaller percentage of households can afford to purchase a new home.”
Wilson’s numbers show that new-home prices have risen even faster than the cost of existing homes.

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Dallas Morning News

February 10, 2017

Sales Surge As Rates Rise

Buyers rushing to get ahead of mortgage rate increases helped fuel an 8 percent jump in North Texas home purchases in January.

“That’s certainly part of the increase we are seeing,” said Ted Wilson of Dallas-based housing analyst Residential Strategies Inc. “We saw that trend at the end of the year.”
Wilson said that as long as job growth continues in North Texas, demand for housing will remain strong, even with moderate mortgage rate increases.

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Dallas Morning News

February 6, 2017

Magnetic North: Area Draws Builders

If you’re shopping for a new home in Dallas-Fort Worth, chances are that you’re driving north.

“Nine of the top 14 active submarkets today are located in this area,” said Brent Alexander of Dallas housing analyst Residential Strategies. “The U.S. 380 corridor remains the most active submarket.”
“There are other hot spots for starts emerging,” Alexander said, including Kaufman County, east and north McKinney and West Plano.

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Dallas Morning News

February 3, 2017

See How Much The Average House Costs In Your D-FW Neighborhood

A record number of homes were sold in North Texas last year – more than 100,000.

“For a lot of households who had their eye on a certain price point, they are going to find they can’t afford that house as readily with the higher mortgage rates.” said Ted Wilson, principal of Dallas-based housing analyst Residential Strategies. “I still think we will have a pretty decent spring market. A lot of it depends on how quickly rates move up.”

Wilson said that during the last couple of years, North Texas’ rocketing home costs have been offset by record-low mortgage rates that in the past.

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Dallas Morning News

January 19, 2017

Smaller World

After years of building steadily bigger and bigger homes, builders and buyers settled for less space in 2016.

“I think the comparison to 2011 shows how low mortgage rates have allowed DFW buyers to buy a lot more house than they used to,” said Ted Wilson, principal at Residential Strategies. “Interestingly, several builders have shared with me that they are adding now more smaller-square-footage plans to their offering lineup in anticipation of buyer push-back from the affordability issues.
“Much of what has been out there was tilted to the larger square footages.”

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Dallas Business Journal

January 18, 2017

Why January Is The Cheapest Month To Buy A House In DFW

Buying a home in January or February opposed to the summer can save you more than $20,000 in Dallas-Fort Worth, according to NerdWallet.

Ted Wilson, principal of Residential Strategies, said he wouldn’t isolate it to one month in particular, but the early spring market is one of the most favorable times for the single-family, new home market.
“If you were trying to get a new house built before the school year starts, you really need to be starting the house at this time of year.” Wilson said. “In this day and age, January-February is pretty good timing on a to-be-built house.”

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Dallas Morning News

January 11, 2017

N. Texas Passes 100,000 In Sales

North Texas preowned home sales topped 100,000 for the first time in 2016.

“Job growth in North Texas remains robust, and there continues to be ample housing demand,” said Ted Wilson of Dallas-based housing analyst Residential Strategies.

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Dallas Business Journal

January 10, 2017

Forecast 2017: Housing To Hit Threshold DFW Hasn’t Seen In A Decade

This year, Dallas-Fort Worth could hit a housing threshold housing analyst and leader of research firm Dallas-based Residential Strategies hasn’t seen in a decade: Builders starting construction on more than 30,000 homes.

But the housing market is gaining momentum and is projected to breach the milestone, said Ted Wilson, principal of Residential Strategies, a firm that analyzes the North Texas homebuilding market.
“Builders want to start more units, but lack the construction workers to get them built and closed — but in 2017, we are expecting to see some big numbers,” Wilson told the Dallas Business Journal.

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Dallas Morning News

January 10, 2017

Home Starts Just Shy Of 30,000 Mark For 2016

Lack of labor, rising costs, red tape kept lid on builders last year.

“The market continues to be constrained by a lack of construction trades,” Ted Wilson, principal with Residential Strategies, said in the report. “While there have been some reported improvements in certain subcontractor categories, the overall construction cycle time remains protracted.”
“There’s a lack of labor in concrete, framers, bracers and more,” Wilson said. “We are hopeful that increased hiring and training will alleviate some of the labor challenges, and we have forecasted that start activity will climb to 32,000 units for 2017.”

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Dallas Morning News

January 8, 2017

Realtors Bullish On Local Home Market

The North Texas housing market may not be entirely rosy, but leaders of major real estate firms say they are confident that homes sales will stay strong in the New Year.

Ted Wilson, president of Residential Strategies, said the real estate business is experiencing “good times,” but warns that those who excel at the details — “the blocking and tackling” of the business — will be the winners.
But it now takes developers 14 months to create a new lot, instead of nine as it did in 2006. It takes 7.3 months to build a new house, instead of four months a decade ago, Wilson said. “There is a logjam. It is a challenge,” he said.

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Dallas Morning News

January 2, 2017

The Bottom Line

Ted Wilson, Residential Strategies “Higher interest rates and record high home costs will pressure D-FW homebuyers in 2017 after several years of booming sales.”

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Dallas Business Journal

December 29, 2016

Six Years Later, DFW’s Strong Economy Injects Housing Market With 62% Growth

It’s been a busy real estate cycle for Dallas-Fort Worth with the region adding more than 707,000 jobs in the last six years, which has equated into new home sales rising 62 percent and office rents growing by double digits.

With mortgage rates rising, Ted Wilson, principal of Dallas-based Residential Strategies, said he expects affordability of homes to continue to be an issue for builders and home lot developers.
In the past six years, the cost for a new single-family home grew 62 percent, with the average price for a new home in North Texas reaching $345,674, Wilson said.

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Dallas Morning News

December 23, 2016

D-FW Foreclosures Are Like Hen’s Teeth

With home prices in Dallas-Fort Worth at record levels, you have to hunt hard to find a foreclosed house.

“The values have gone up so much, how can you be upside down in a house?” asked Ted Wilson of Dallas-based housing analyst Residential Strategies Inc. “You should have overcome any deficiency you had.”
“Foreclosures ought to be close to an all-time low.”

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Dallas Morning News

December 16, 2016

D-FW Still Sizzling

Over half of home values in survey are at record levels.

Recent increases in mortgage rates have added almost $120 to the monthly payments on a mid-priced D-FW new home, said Ted Wilson of Residential Strategies Inc.
“We have been able to digest higher house prices because of ultra-low mortgage rates,” Wilson said. “But DFW housing is going to get pretty pricey. There is a lot of sticker shock.”

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Dallas Business Journal

December 14, 2016

Housing Permits In Frisco Dip As Land Costs Escalate And The Market Matures

As Frisco’s land costs skyrocket and the city matures as a North Texas housing market, builders have filed fewer housing permits in the past few months, which means fewer homes under construction in the city limits.

“A lot of neighborhoods are reaching build-out and so there’s not as many locations that are as active and the price of the current neighborhoods have gone up dramatically as well,” Ted Wilson, principal of Dallas-based Residential Strategies, told the Dallas Business Journal.
“If you look at this trend, Frisco was a less expensive alternative to Plano when it was growing way back when and now Frisco is one of the higher-priced markets,” said Wilson, adding this is a reflection of the city’s maturing housing market.

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Dallas Business Journal

December 6, 2016

Homebuyers Hop Off Fence Post-Election In Texas With 20% Increase In Sales, Texas A&M Research Says

Homebuyers in the Lone Star state decided it was time to jump off the fence in November following the U.S. presidential election, with home sales, new and existing, rising more than 20 percent for the month.

With rates rising 60 basis points on 30-year mortgages, Ted Wilson, principal of Dallas-based Residential Strategies, said he expects consumer mortgages to rise $120 per month on a mortgage payment figuring the median price of a new home is $345,674.
“We have a lot of fence sitters that are jumping in right now and locking in their rates before they really start rising,” said Wilson, adding he doesn’t believe rising mortgage rates will slow down North Texas’ hot housing market.

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Dallas Morning News

November 10, 2016

No Surprise In October Sales

North Texas’ home market ran up the score in October, with big gains in prices and sales.

“Sales at more affordable prices have been strong for most of this year for both new and existing homes,” said Ted Wilson, principal of Dallas-based housing consultant Residential Strategies. “There continues to be an extremely tight supply of existing home listings under $400,000, and as quickly as many of these new listings come to market, they are sold.”
Wilson said the people moving to North Texas to fill the thousands of jobs being created are driving housing demand to new levels and keeping property inventories low.

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Dallas Morning News

November 6, 2016

Make It Your Own Space

Flex space has become one of the most popular design features in homes.

Ted Wilson, president of Residential Strategies, said most builders, including American Legend Homes, Grand Homes and David Weekley Homes, now offer designs with flex space.
“The idea is that you have a room that you can turn into a bedroom, den, office or workout room. The buyer can use his or her imagination,” Wilson said. “It also helps when it is time to sell.”

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Dallas Morning News

October 11, 2016

D-FW Home Prices On Meteoric Rise

Dallas-Fort Worth home prices have risen more than 40 percent in the last four years — and they rocketed even higher in September.

Consumers are “really starting to bump their heads on a price ceiling in the market,” said Ted Wilson, principal with Dallas-based housing consultant Residential Strategies Inc.,
Wilson said builders are particularly getting resistance from buyers at the upper price points. “The builders are trying to find locations and products to get their prices down,” he said.

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Dallas Business Journal

October 10, 2016

High-End Homebuyers Beginning To Push Back On Home Prices, DFW Builders Say

With labor shortages and escalating material costs, Dallas-Fort Worth builders are having a hard time keeping a single-family home under $400,000 and they have begun seeing an impact to the sales pace of homes.

“Area builders share with us that they are seeing ‘pushback’ from prospective home buyers, especially for houses at the upper price points,” said Ted Wilson, principal at Dallas-based Residential Strategies Inc.
“As a result, there has been some choppiness in sales reported by the high-end production builders during the past few months,” he added.

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Dallas Morning News

September 23, 2016

Transition Time: Larkspur Helps Move East Dallas From Sketchy To Trendy

A two-block stretch in East Dallas that’s been empty for almost a decade will soon be one of the neighborhood’s largest new home developments.

Ted Wilson, a principal with Dallas-based housing analyst Residential Strategies, said there is demand for new homes near downtown. “People want to live closer in to jobs and entertainment,” he said. “The commute times are so protracted now that people are willing to give up the yard to be closer in.
“There are a lot of people paying huge rents right now, too,” Wilson said. “They can afford to buy.”

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Dallas Morning News

September 16, 2016

Next Comes Celina

The town of Celina’s little downtown is a flashback to the 1920s.

“The homebuyers are coming up to Celina,” said Ted Wilson of Dallas-based housing analyst Residential Strategies. “That market is just red hot, and I’m hearing from a lot of builders wanting a position up there.”
“For those people looking for affordable new housing, Celina certainly is an alternative,” Wilson said. “Over the past year and a half, builders have moved farther out looking for affordable land.”

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Dallas Morning News

August 12, 2016

New Wrinkle In Homes

D.R. Horton targets baby boomers downsizing into retirement

“A lot of those buyers don’t want to live far away from where they have been living,” said Ted Wilson of Dallas-based housing analysts Residential Strategies Inc. “It’s a real challenge to find locations that are not overpriced.”
“A lot of people who are older want a more modest house. They don’t need four bedrooms anymore.”

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Dallas Morning News

August 9, 2016

Home Sales Fall, But Not Prices

Dallas-Fort Worth’s super hot housing market may have hit the ceiling.

“I wouldn’t be surprised that with the higher house prices, consumers are experiencing some sticker shock,” said Ted Wilson of Dallas-based housing analyst Residential Strategies Inc. “As prices continue to rise, they can’t keep on going like this without some push-back from buyers.”
“This isn’t the first time we have seen such a lull in the market. Certainly affordability is a big issue,” Wilson said.

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Dallas Morning News

August 4, 2016

In Dallas Housing, Square Footage Adds Up

Area is No. 2 in size of luxury dwellings, No. 3 for move-up homes

Ted Wilson of Dallas-based housing analyst Residential Strategies said the average new home in North Texas is about 2,874 square feet and sells for $379,415.
“Since this new housing cycle commenced five years ago, the focus has been on move-up buyers with stronger credit scores,” Wilson said. “The very low mortgage rates allowed these households with good credit to purchase a lot more house for the money, so the trend was for bigger, more expensive homes.”

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Dallas Business Journal

July 26, 2016

Housing In DFW Skyrockets With Prices Rising 43.3% In Five Years

As the Dallas-Fort Worth region grows, housing prices have escalated with Case-Shiller reporting Tuesday prices increased 9 percent year-over-year in North Texas, but the cumulative effect is stacking up against buyers seeking affordable homes.

“It is stunning to see that kind of growth,” Ted Wilson, principal at Dallas-based Residential Strategies Inc., told the Dallas Business Journal. “Obviously, the shortage of housing is causing this and builders, even being as busy as they can be, are not alleviating the demand or taking care of the shortage of homes.”
“The more listings on the market, the faster they are absorbed, which is a challenge for consumers,” Wilson added. “It’s coming to a point where affordability is becoming a big concern and builders are facing steep price increases from trades and home lot price increases.”

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Dallas Morning News

July 22, 2016

Trinity Falls Deal Completed

A Houston firm that’s one of the largest developers of residential communities in Texas has completed its purchase of the sprawling Trinity Falls development north of McKinney.

“They are one of the premier master-planned community developers in the Houston area,” said Ted Wilson, a principal at Dallas-based housing analyst Residential Strategies. “It’s a logical migration for them to come here.”
Wilson said Trinity Falls has been well-received. “They’ve done 300 home starts in last year,” he said. “That places them in the top 10 most active communities in D-FW.”

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Dallas Morning News

July 11, 2016

One Direction: Up

New home sales in the Dallas-Fort Worth area soared by more than 20 percent in the second quarter as buyers sought to take advantage of low mortgage rates.

“It’s been a long time since we saw sales this high,” said Residential Strategies’ Ted Wilson. “I expect the builders to do well during the next two or three years because of all the relocations coming to the area.”
“Buyer expectations have had to adapt to a market that has been characterized by steadily inflating prices,” Wilson said. “Over the past four years, housing prices are up about 40 percent in D-FW. Today’s entry-level builders find it challenging to produce detached housing much under $180,000.”

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Dallas Morning News

July 9, 2016

Getting Even Hotter

Sales set a record in June, and prices hit their highest level ever

“The prices have gone up about 40 percent in just the last four years,” said Ted Wilson, principal with Dallas housing analyst Residential Strategies Inc. “A lot of consumers’ expectations of how much house they can get for their money have changed with the house prices up so much.”
“The fortunate news is these higher prices are coming at a time when we are seeing mortgage rates back down to rock bottom levels,” Wilson said.

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Dallas Business Journal

July 5, 2016

Buyers Gobble Up Homes As Prices Escalate 9.3%

Home prices in Dallas-Fort Worth are continuing to escalate — rising 9.3 percent year-over-year in May — as buyers continue to gobble up houses.

“It’s amazing it continues to increase that much year-over-year, but the housing market continues to be tight even as there’s more listings in the market,” Ted Wilson, principal at Dallas-based Residential Strategies Inc., told the Dallas Business Journal.
“As quickly as it hits the market; it gets gobbled up,” he added. “Home prices have climbed much higher and much quicker than it ever has in Dallas-Fort Worth, which has raised some eyebrows. But it’s still an affordable market.”

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