DFW Urban Realty

Addison Real Estate - Addison Circle Apartments - 15777 Quorum

Addison is located in the heart of North Dallas, convenient to Dallas North Tollway, I635, and I75. Residents enjoy a vibrant urban atmosphere close to Downtown Dallas and other popular suburban areas such as Carrollton, Plano, Richardson and Farmers Branch. Addison Real Estate offers many different styles of homes including Highrises, Condos, Lofts, Townhomes, and Apartments.

Addison Circle offers a place to work, live and play. Residents enjoy curbside dining, professional services, local pubs, parks. Addison circle offers many different styles of living including Midrise Condos such as Aventura Condos 5055 Addison Circle, Urban Apartments such as Post Addison Circle, and three story townhomes located in the newly developed Addison District A Townhomes.

La Villita at Las Colinas has become one of the most popular communities in the DFW area. La Villita offers one of the best locations in the metroplex minutes from DFW Airport, Downtown Dallas and Fort Forth with convenient access to I35, I635, George Bush Turnpike. Residents enjoy a beautiful ambience centered around a lake, two canals, trails and parks. Las Colinas Real Estate continues to attract local home buyer and out of state investor interest as one of the most highly desired areas to relocate in the Dallas Fort Worth area with one of the best Master Planned Communities around.

La Villita offers many different housing options including homes, townhomes, and apartment living. Offering Spanish/Mediterranean and traditional architecture with features including tile roofs, stucco, stone, wrought-iron and cedar decorate.

If you are looking to purchase Las Colinas Homes For Sale, there are many different builders offering a variety of floorplans to fit your needs. Las Colinas New Home Builders include K. Hovnanian Homes, Darling Homes, Pasquinelli-Portrait Homes, and City Homes offering many different floorplans and options for home buyers. Prices range from the low $200's and up to $600's depending on square feet, location, and finish outs.

Denver Developer UDR, Inc. acquired the Legacy Town Center apartments from a local development and investment partnership earlier this week. This will go on record as one of the largest apartment buys in the North Dallas suburbs. More than 1,000 luxury urban-style rental units were purchased in the $100+ million range. These Plano Urban Apartments are surrounded by shops, homes, and commercial offices on the east side of the Dallas North Tollway at Legacy Drive. The Legacy Town Center apartments are located next to the Marriott Hotel and are currently 95 percent occupied.

Interested in learning more on Plano Real Estate and the award winning Legacy Town Center properties. Contact one of our Plano Apartment Locators today to check on current availability. Our Plano Realtors specialize in Plano Homes, New Homes, Condos, Lofts, Townhomes and Apartments. To access our apartment database and search Plano Apartments directly, visit: Plano Apartment For Rent.

According to NAR Chief Economist, Lawrence Yun, the latest information on existing home sales confirms stabilizing trends. Existing homes sales increased 2.9% in February. With sales still down over 24% from February 2007, the market is still on the road to recovery.

Regional sales changes from a month ago:

• In the Northeast Region, sales rose 11.3 percent
• In the Midwest Region, sales rose 2.5 percent
• In the South Region, sales rose 2.1 percent
• In the West Region, sales fell 1.1 percent

Reports on median national home prices fell to $195,900 in February, down 8.2% from 2007. Reports are indicating a surplus in inventory around 9.6 months which presents optimal conditions to purchase and points toward a ongoing buyer trend in the coming months.

Condo Sales performed better than single family, which hints toward a strong investor market as opposed to owner occupant buyers. This is clearly the case in Downtown Dallas, where condo, townhome, and loft new construction sales continue to out perform existing home sales.

Existing home sales are anticipated to remain similarly soft through the first half of 2008. FHA loans will play an important role in lifting sales later in the year, but many lenders first need to get HUD approval. The FHA loan market share was only 2 to 3 percent in 2007 and any return to its historic market share of 15 to 20 percent will greatly revive home sales. Moreover, a recent law permitting Fannie and Freddie to pick up loans in excess of the $417,000 limit will help lower interest rates on many jumbo loans. The economy is also anticipated to pick up momentum in the second half of the year, which will help lift consumer confidence.

For a detailed analysis on existing home sales and a breakdown of sales by major regions and property types, visit: Existing Home Sale Rise in February

For more information on the Dallas Real Estate market, visit our Dallas Real Estate News Center. DFW Urban Realty keeps you up to date on Dallas Real Estate.

Also, if you are in the market to purchase a new or preowned home in Dallas, check out the Dallas Real Estate Home Buyer Tax Credit.

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Investment in commercial real estate has decreased to levels not seen in four years. Many analysts report that lack of capital is the major contributor for the decline in investment due to constraints placed by Banks and other sources of equity on lending for commercial real estate. NAR reports this is not the case and the decline in commercial real estate investment can be linked to a lack of confidence by investors and lenders who are leery about current market conditions and are waiting to see more positive signs of life in the economy.

For more information visit: Commercial Real Estate Outlook March 2008


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