Dallas has the second-best economy in the nation

Dallas' economy is led by real estate

Dallas’ economy is led by real estate

Dallas has the second-best economy in the nation. Dallas ranked No. 2 on the most recent “On Numbers” report released this week, according to the Austin Business Journal. Austin led the rankings, and Houston was No. 5.

Each of these thriving Texas cities is home to a SouthStar Communities neighborhood, showcasing the developer’s depth of understanding of economic drivers, long-term real estate cycles, and ongoing migration patterns.

The “On Numbers” report takes into account 18 economic factors and can’t deny the banner year Dallas has had as the city continues to reap the benefits of hot real estate and energy sectors. Lake Ridge at Joe Pool Lake, located halfway between downtown Dallas and downtown Fort Worth, has also benefitted from the hot Dallas market as buyers in search of prime Texas lake property discover all the advantages of living in a lake community without giving up a convenient DFW location.

With continued migration to Texas, “The Texas housing market is reacting to the massive influx of new residents coming to the Lone Star state for jobs,” according to Redfin’s latest report.

“As more residents move to Texas from other states with a higher median home prices, the housing markets in Dallas, Houston and Austin have been bolstered by rising home prices of double-digit year-over-year growth. About 2.5 million people relocated to Texas between 2008 and 2012 in search of jobs from more costly regions of the nation,” the report stated.

Two homesites have been sold at Lake Ridge‘s The Summit neighborhood over the past few weeks, taking advantage of closeout pricing on the final homesites in this gated, hilltop neighborhood and continuing the sales trend at Lake Ridge this year. The exclusive neighborhood of The Summit offers 30-mile views, towering trees, and the highly rated Midlothian School District.

Special offers currently available on prime Texas lake property at Lake Ridge also include newly released lake-view sites from $39,900 and one-half to one-acre properties in The Sanctuary, a gated neighborhood offering some of the most desirable lake real estate in North Texas.

For more information on moving to Texas or buying land and building a custom home at Lake Ridge, visit Lake Ridge.

Hot Dallas Real Estate Market Means Home Sales, Land Sales

Lake Ridge Sanctuary Amenities

Lake Ridge, one of the Dallas-area master-planned communities being rediscovered by eager Texas land buyers

 

By all accounts, Texas home prices are on fire. This is particularly true in the Dallas area, where home prices rose 10.2 percent in May from 2012 levels, according to a new report from CoreLogic Inc. The hot Dallas real estate market is on everyone’s lips, and everyone’s list of places to buy right now (just ask Real Estate Economy Watch or the Dallas Morning News).

Builder Online reports that “demand for new homes is outpacing supply.” In fact, one of the most important measures of market strength, “sold-but-not-yet-built houses,” has risen from 26 percent a year ago to 36 percent today, which is “way up from the low of 14% in…September 2008.

 

This means new-home builders are speeding up production on communities that may have delayed during the market downturn. It also means the land rush is on, both for new-home builders looking for the next place to build a community, and for individuals and families who may have put off their search for the perfect place to buy Texas land, and who now know the time is right.

Indeed, this historical relationship between home sales and Texas land sales has led to a rush of newly minted interest in master-planned communities in strong markets that have shown great strength throughout the Dallas-Fort Worth area. Communities such as Lake Ridge on Joe Pool Lake that offer large Texas land for sale and waterfront and water-view homesites, are particularly popular with buyers looking to buy in an ideal location. Here, they can find the perfect piece of Texas land and build the ideal custom home that is unique to their style and lifestyle. Five new homes are getting ready to be build in The Sanctuary at Lake Ridge, where Texas land buyers quickly fall in love with the spacious, gated, lakeside and lake-view properties offered in the final neighborhood development at Lake Ridge community.

The real estate market is expected to continue its upward progress, according to Dr. Mark Fleming, chief economist of CoreLogic. “It’s been more than seven years since the housing market last experienced the increases that we saw in May, with indications that the summer months will continue to see significant gains.”

For more information about Texas land for sale and Dallas master-planed communities, visit Lake Ridge.

25 Family Friendly Summer Activities in Dallas

We’ve got the list of must-do’s for the summer that will help you plan for the family who might be coming to stay or your 8 year old’s friends who seem to never leave.

So, grab that necessary “trenta” Tazo Shaken Iced Tea, and head out to cross off these awesome DFW activities with your family!

Activities include:

  • Visit the Children’s Zoo at the Dallas Zoo.
  • Get wiggly or listen to a story at Bookmarks Library in NorthPark Center.
  • Attend a summer concert at the Arboretum.

Lake Ridge at Joe Pool Lake is located in Cedar Hill, Texas and is central to many fun summer activities in the area.

Visit our website to learn more about our community.

Read more from the source: dallasmomsblog.org

Credit: Dallasmomsblog.org

Credit: Dallasmomsblog.org

Lake Ridge breaks ground on wounded veteran’s mortgage-free home

Lake Ridge is pleased to announce that we’re partnering with the Dallas Builders Association, Former NFL Players Association and Victory Custom Homes to build a mortgage-free custom home for a wounded veteran.

We’re working with Operation FINALLY HOME, a non-profit organization who partners with developers, builders and donors to provide mortgage-free homes to wounded veterans and widows of fallen soldiers.

Lake Ridge developer SouthStar Communities has teamed up with Operation FINALLY HOME on projects across Texas including the College Station and New Braunfels markets. In College Station, a homesite is being built for Sergeant Monte Bernado and his family (see more here). In New Braunfels, veteran and Dancing with the Stars celebrity J.R. Martinez was also welcomed to a new homesite (read here).

Lake Ridge just launched a campaign to raise funds and the donation of materials and volunteer time to bring this new homesite project to life for another patriot. To complete the home, we need the community’s help. If you or your company or organization would like to support this “modern day barn raising,” please visit our website. We also invite you to a Town Hall Meeting on July 24 from noon to 2 p.m. if you’re interested in donating supplies or building materials. The meeting will be held at the Dallas Builders Association office located at 5816 W. Plano Parkway in Plano.

Our community invites you to attend a special ground-breaking event for an American hero on Wednesday, July 31 at 10:30 a.m. (3103 Koscher Drive in The Sanctuary at Lake Ridge).

Bill Bates, of Victory Custom Homes and a former Dallas Cowboy, has committed to build this new home on a one-acre homesite in The Sanctuary at Lake Ridge. Bates and additional former NFL players will be on site to celebrate this event as well as Grand Prairie Mayor Ron Jensen.

For more information please call 800-799-8433 or email [email protected].

LRX OFH flyer

Tips on Buying Land in Texas

There are many things that need to be considered when buying land in Texas. We want to provide you with some tips of what to look for when purchasing land in Texas.

Visit at different times of the day. You need to see clearly how your land and the community looks both during the day and the night. What seems like a quiet neighborhood during the day may transform into a hive of noisy activity in the evening when everyone returns home.

Drive around. Particularly if you’ll need to commute, it’s a great idea to drive through the neighborhood and its surrounding streets – even your entire route to work – during the same times of day that you’ll normally be doing it. Try to get a realistic picture of what kind of traffic you’ll be facing each day.

Learn what’s happening. Check local Texas newspapers (and recent archives) for any proposed construction projects. It’s terrible to move into a wonderful new place you love, only to have the entire landscape marred as commercial properties you don’t want start popping up around you, or as convenient streets are rerouted.

Get to know the Property Owners Association. Ask how active neighbors are in the association, and learn what the expectations and requirements are. The more you get to know your neighbors, the more likely they’ll be to look out for you and your family. Property Owners Associations are a great way to get to know influential neighbors, and even to get involved yourself in helping plan holiday events, block parties, and activities that will be fun for every family in the neighborhood.

Find out about taxes. Ask about past home reappraisal patterns and property taxes, and ask about the breakdown of Texas taxes and city taxes in the area. Many counties have websites showing tax assessments and levies. See if you can find specific information on the house and property you’re considering.

Do your homework. Read reviews, use online tools, and talk to neighbors and realtors. Make sure you’re getting what you think you are. Check online for reviews about the neighborhoods, the people, and the schools; check everything that matters to you.

Check the surrounding area. Some homes are in what the industry refers to as “transitional” neighborhoods. Every home is sold for a reason. Make sure you know that reason.

Look into zoning and building codes. Check with City Hall and your neighborhood covenants about property and neighborhood zoning issues. You need to know what restrictions your property may place on your lifestyle. For example, if you have an RV or boat you’re planning to keep somewhere on your property, you need to make sure that’s even allowed.

Lake Ridge

Lake Ridge

SouthStar Communities will help you with all of these concerns, and will help you find the perfect homesite. SouthStar Communities encourages our prospective residents to visit several times. We want you to be absolutely certain that you’ll be pleased and comfortable in your new surroundings. We can provide you with testimonials and references from residents already living in our planned communities, but don’t just take our word for it. We encourage you to read reviews online to see what other people are saying. With SouthStar Communities you’re not just buying a house; you’re buying into a lifestyle!

Read more from the source: realtytimes.com

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