Buyers get the home but offer $300,000 over asking price to do it in red-hot Texas real estate market
A North Texas realtor says the extraordinary market conditions have only become more pronounced with each passing month. Author: Jason Wheeler Updated: 10:29 PM CDT May 19, 2021
DALLAS These are hard times to be a homebuyer in North Texas, even for those putting in competitive bids.
Real estate broker Joe Atkins of Joe Atkins Realty said he has seen plenty of cases where it is extraordinarily hard to be selected as the winning bid.
“You’ve probably got a 10% chance. I have made plenty of offers for clients this year and gone $50,000 or $100,000 over list…and lost,” he said.
Buyers get the home but offer $300,000 over asking price to do it in red-hot Texas real estate market
A North Texas realtor says the extraordinary market conditions have only become more pronounced with each passing month. Author: Jason Wheeler Updated: 6:45 PM CDT May 19, 2021
DALLAS These are hard times to be a homebuyer in North Texas, even for those putting in competitive bids.
Real estate broker Joe Atkins of Joe Atkins Realty said he has seen plenty of cases where it is extraordinarily hard to be selected as the winning bid.
“You’ve probably got a 10% chance. I have made plenty of offers for clients this year and gone $50,000 or $100,000 over list…and lost,” he said.
Texans You Should Know is a series highlighting overlooked figures and events from Texas history.
When Juanita Craft bought her little white bungalow on Warren Avenue between Atlanta and Myrtle streets, South Dallas was in turmoil. It was 1950, and the city was changing. The blocks around her house, now known as the Wheatley Place Historic District, had been a Black settlement since the nineteenth century; the community was a freedman’s farming colony before the streetcar turned it into a bona fide suburb. But in the years after World War II, the city’s African American population was expanding beyond Wheatley’s borders. Black families were moving into white neighborhoods just to the south, prompting a familiarly violent backlash. There were eleven bombings in South Dallas between 1949 and 1951, and six “mysterious fires.” No one was killed, but roofs were blown off homes and at least four businesses were destroyed. One victim later said the blast was so strong it knocked
San Antonio: 1.6 Months
In some hot micro-markets, particularly north of Dallas, in Collin County, Joe Atkins of Joe Atkins Realty, said he is seeing areas with just a few weeks of housing inventory. Because of that, he says, competition is fierce.
Atkins recently showed a $750,000 home that he says had only been on the market about four hours. There were at least five agents showing it when I got there. And by the time I left, another five or six showed up, he said.
Atkins also said if you re looking at homes priced in the “affordable” $300,000 and under range, it’s complete chaos…to the point of 50-plus offers on a home sometimes.
Media Credit: Danielle Towers | Staff Photographer
Seth Weinshel said the number of students living in Thurston will decrease from 1,100 to 820 students to create “extensive” amounts of community space on every floor.
As Thurston Hall undergoes renovations, officials and former residents weighed in on the building’s impact on students throughout the University’s history and how its legacy will continue.
Alumni spoke about their collective experiences and memories living in Thurston as part of the University’s bicentennial celebrations Tuesday. Architects working on the building’s new design laid out the plans for Thurston’s renovations, discussing how it will continue to foster community for students while maintaining much of the building’s facade.