In The News 2016

News articles featuring Residential Strategies in 2016.

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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