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Who is EdgyDad?

Husband, father, inline skater, cycling and triathlon athlete and sometimes coach, graduate civil engineer, commercial and residential and commercial Broker Realtor® working in Ellum, Expo Park, Munger, Peak Suburban, PD 98, PD 269, Swiss Avenue, Baylor PD, all of in-town east Dallas, former home building land acquisitions executive, home builder, home designer (chief architect X3 design solutions), LEED Green Associate (GA), NAHB Green Professional (CGP), NAHB Graduate Builder (CGB), Universal Design and Accessability student and Certified Aging in Place Specialist (CAPS), Advanced Historic Home Specialist certified by Preservation Dallas..........EdgyDad is Biff Bailey of Dallas, Texas

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Distilled News from the Real Estate Center

News from RE Center Tx A&M distilled and posted. Apartments doing well. Home sales slow. #p #in

Last Update: 2011-07-04 10:20:57

Distilled news from the Texas Real Estate Center at Texas A&M. I will post the east Dallas area 12 MLS results and the Case Shiller DFW charts shortly.

METROPLEX APARTMENTS IN DEMAND

DALLAS (Dallas Business Journal) – The Dallas-Fort Worth area led the nation in apartment leasing during the second quarter of this year, according to MPF Research, a division of Carrollton-based RealPage Inc.

In the second quarter, renters signed 8,390 leases; 18,180 units have been leased so far this year.

North Texas' apartment occupancy rate rose to 92.7 percent as of June. This is a .7 percent increase from the first quarter and a 2 percent increase from this time last year.

FOREST CITY EXPANDS UPTOWN

DALLAS (Dallas Morning News) – Cleveland-based Forest City Enterprises is making plans to build the next phase of the West Village complex in Dallas' Uptown district.

The development will be at McKinney Ave. and Blackburn St. on property owned by Cityplace Co.

Plans call for Cityplace to own the retail portion of the buildings while Forest City will own the residential apartments above the retail space.

EXISTING HOME SALES DOWN 15 PERCENT IN MAY

COLLEGE STATION (Real Estate Center) – Sales of existing single-family homes in Texas in May were down 15 percent from a year ago, according to the most recent Multiple Listing Services (MLS) data compiled by the Real Estate Center at Texas A&M University.

Just over 19,500 existing single-family homes were sold.

The median home price was up 1 percent to $149,800, and the state's overall inventory was at 8.2 months.

May 2011 MLS data for many Texas cities are available on the Center's website. Here is a sampling (data current as of June 30, 2011):

Dallas 4,134 down 15%  $166,000 up 3%  7.3
Fort Worth 776 down 15%  $113,800 down 5%  7.3
Garland 185 down 7%  $95,000 down 5%  6.4

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