New Dallas Cowboys Stadium 2/24/09

The Showers in the Cowboys Locker Room.

The tunnel to the field.

Inside the Cowboys Locker Room Stalls.

WOW!

The Largest Screen in the WORLD!

Outside.

The Model.


WOW! IT IS ABSOLUTELY AMAZING!!!!!

KB Home posts third quarter net loss

Homebuilder KB Home recorded a higher net loss in the third quarter, as market volatility led to a decline in home sales when compared to the previous year.

Los Angeles-based KB Home (NYSE:KBH), which has a significant homebuilding presence in Dallas-Fort Worth, recorded a third quarter net loss of $144.7 million, or $1.87 per diluted share, up from $35.6 million, or 46 cents per diluted share for the same period last year.
KB Home’s third quarter financial report included a pre-tax, non-cash charge of $82.2 million for inventory and joint venture impairments, the company said.

A charge of $58.1 million on a valuation allowance against net deferred tax assets also hit in the third quarter.

KB’s revenue for the third quarter was $681.6 million, down significantly from $1.54 billion for the third quarter of last year. The revenue drop is attributed mostly to a decline in housing sales.

Also, I was told Choice laid off 28 employees. Portrait Homes also shut is doors last week.

Residential new home builders are feeling the pain of the market and negative media on real estate.

Brad Holden
Holden New Homes

Dallas home prices drop slightly, but hold their own

The average price of existing single-family homes in Dallas dropped 3.2 percent in June when compared to a year earlier, according to Standard & Poor’s latest S&P/Case-Shiller Home Price Index.

Despite the yearly drop in average price, the Dallas and Charlotte, N.C., home markets are considered to be among the strongest metropolitan areas in the S&P’s index of 20 key cities, S&P says.

“On the plus side, Denver and Boston were the best-performing markets for the month (of June), returning +1.5 percent and +1.2 percent, respectively,” S&P said. The report goes on to say both Denver and Boston are outdone by Dallas and Charlotte, which “have recorded four consecutive months of positive returns.”

Nationally, home prices declined 15.9 percent in the 20 cities for the year ending in June. Las Vegas and Miami were the weakest markets in the index, with Las Vegas seeing a 28.6 percent drop in prices, and Miami experiencing a 28.3 percent decline.

Private investor buys Greyhound Building in Dallas

The Greyhound Office Building at 15110 North Dallas Pkwy. in Dallas has been sold for the second time in four years.
The previous owner, a doctor living in Anaheim, Calif., sold the property to a local private investor this month who did not want to be identified.

Greyhound, the single tenant, has a lease with the 93,087-square-foot office building extending through 2012, but has already moved out of the property, leaving only its data center behind, according to Marcus & Millichap’s Ron Hebert, a senior associate and director of the firm's national office who handled the deal.

Hebert says the building has been on the market since December of last year. He sold the same building in June 2004.

The six-story office building is located at the northeast corner of Belt Line Road and the North Dallas Tollway.

The final sale price was not disclosed, but the property was listed for $10 million.
Greyhound previously moved its headquarters to the Patriot Tower, formerly Dallas One Center, on St. Paul Street in downtown Dallas. A spokesperson for Greyhound says the company already had operations in the Patriot Tower and decided to consolidate by moving the entire headquarters into one location.

Today's Texas Real Estate tops Hot on Homes for #1 Spot

August 7th, 2008

Today's Texas Real Estate(TTRE) tops Hot on Homes for #1 Spot in the DFW Metroplex on only their 2nd episode.

Neilsen Ratings for last Sunday show that as an average, TTRE rated .05 when Hot on Homes came in behind at a rate of .03.

The negative media about the housing market has placed a bad taste in buyers mouths all over the nation. Eventhough our market here in DFW is steady, the national media seems to daily find something wrong.

HotonHomes.com goal is to highlight the communities of new home builders for buyers to have many purchase options within the states of Texas, Oklahoma, and Louisiana. On the main page of the web site there is a big map where you can search for homes in Dallas and Fort Worth, Austin, Houston, San Antonio, Baton Rouge, and Oklahoma City. Within this latter there are builder specials, community videos, library, realtors, markets, and othe info relating to real estate in each market. At the markets section there are links for Baton Rouge, Houston, Orlando and Daytona Beach, and San Antonio, among others. Each segment highlights the communities and what a property can have or be added to a property for an additional cost.

Today's Texas Real Estate is a 30 minute show highlighting each individual property with accurate details and a, "what you see is what you get" mentality. It allows not only builders, but individual realtors like myself, to highlight our actual listings and on top of that, have many leads from each show that is aired.

I strongly am asking all realtors that are looking for that advantage to watch one show and see how the concept makes sense for Builders, Buyers, Sellers, and Realtors.

The show airs on Channel 21 in the DFW Metroplex. For Time Warner Cable channel is KTXA 12 and dish is channel 21.

I will be showcasing the beautiful "Bellavista" in King's Lake in McKinney, Texas on the August 10th show.

http://www.todaystexasrealestate.com/

Best Cities To Buy A Home Forbes.com

Lots To Like In The Lone-Star State Texas dominated our lineup of mortgage-worthy areas. Thanks to a business-friendly tax environment, many large corporations call the Lone Star State home, which creates jobs and tax revenue.

The University of Texas campus provides young blood and research-related jobs to No. 2 city Austin. This state capitol is a hip area on the rise. The vacancy rate has fallen by 37.5% in the last 24 months to just 1.5%, despite a lot of building in recent years.

And buying isn't much more expensive than renting. An average mortgage payment is $1,022.40, and average rent hits $767.

San Antonio, No. 5, and Dallas, No. 6, made the list thanks to affordable housing, which continues to appreciate. In both cities, the median home price hovers around $150,000, and a monthly mortgage payment of around $800 is pretty close to what one pays in rent. If you can pony up the down payment, these are great areas to live!

CASA BELLAVITA IS AVAILABLE!!!!! McKINNEY, TEXAS

Casa Belevita is the most esquisite and unique property in North Dallas.

This Executive home is located in gated communty of Kings Lake in prestigious Stonebridge Devolpment*Pool-spa-waterfall,open & covered patios including outside KIT+upstairs balcony*3 Bedrooms on 1st floor & 2 Bedrooms up-all with private bathrooms*1st floor study,exercise room or 2nd office,wine room with bar,chefs gourmet KIT,butlers pantry,Family room & Living room & Dining room*Upstairs is media room,card-Gameroom,Family room & 2nd laundry room*Constructed as Dream Home by Acacia Builders*Every room is a conversation piece.

Extraordinary home built by Acacia Custom Homes is located in the gated community of Kings Lake in Stonebridge Ranch. Stonebridge amenities include; pools, tennis, fish & release lakes, parks, trails & golf courses (2 private & 1 public).

Outstanding property!

See more pics at www.holdennewhomes.com

or call 469-733-2723 and ask for Brad for a viewing.

Two Dallas cities named fastest growing, while Fort Worth population soars

A new report from the U.S. Census Bureau says two Dallas suburbs, McKinney and Denton, ranked third and 10th, respectively, on the bureau's list of fastest growing cities, while the city of Fort Worth ranked fourth behind Houston for experiencing the largest numeric population increase during the period documented between July 1, 2006, and July 1, 2007.

The data shows Denton's population growing from 110,304 in July 2006 to 115,506 in 2007, while McKinney's population increased from 107,075 in July 2006 to 115,620 in 2007.

Meanwhile, the population of Fort Worth, which experienced a significant numerical increase in population during the past year, had approximately 681,818 residents living in the city in July 1, 2007, compared to 652,365 in July of 2006.

Fort Worth follows Houston, which ranked first in the nation in year-to-year numerical population growth, with a population of 2,208,180 in July of this year, compared to 2,169,248 last year.

Dallas in run-off for MillerCoors HQ

The Dallas area and Chicago appear to be the finalists for the headquarters of the MillerCoors joint venture, with a final decision expected to be announced by the end of the month, according to sources familiar with the search.

Real estate brokers in both cities feel sure that the headquarters is heading their way, said Dale Ray, managing director of the Dallas office of Jones Lang LaSalle, a worldwide real estate services provider.

Ray was in JLL's corporate headquarters in Chicago when reached by the Dallas Business Journal.

"They're hearing here that (MillerCoors) has picked Chicago, and we're hearing it's Dallas," he said. "There's enough discussion about it being down to (Chicago and Dallas) that it seems to have some traction to it."

Ray, who is not directly involved in the search, said MillerCoors has scouted locations in downtown Dallas and the suburbs, including Plano, Frisco and the Las Colinas area of Irving. Ray said he's heard the company is looking for 150,000 to 300,000 square feet.

MillerCoors will decide where to locate by the end of the month, said Julian Green, a spokesman for the company. He would not say whether the search has been narrowed, how much space the company is looking for, or how many jobs the headquarters will involve.

"We are actively engaged in a search for our headquarters, and a decision will be made soon," he said. "What operations will move and what corporate functions will be at the headquarters are decisions that remain to be made."

MillerCoors currently leases 12,357 square feet for a regional office at Hall Office Park in Frisco, said Jean Farris, director of leasing for Hall Financial Group. She declined to say whether MillerCoors had scouted the Frisco park as a possible site for its headquarters.

Farris said MillerCoors is looking for less headquarters space than it originally planned because the joint venture will maintain substantial operations in Milwaukee and Golden, Colo. MillerCoors LLC is the recently formed joint venture of London-based SABMiller, whose U.S. operations are based in Milwaukee, and Golden, Colo., where it has Coors Brewing Co., the Denver subsidiary of Molson Coors Brewing Co.

Farris also said the search has been narrowed to Chicago and the Dallas area.

"It's very sought after," Farris said. "I think any city would want it. It would be great for the Dallas area to win."

The MillerCoors headquarters competition between Chicago and Dallas-Fort Worth is reminiscent of 2001, when the Boeing Co. shortlisted both cities, along with Denver, after deciding to move from Seattle, Ray said. Chicago won that battle, but much has changed since then, he said.

Dallas is proving remarkably resilient during tough economic times, and the city has the advantage in terms of real estate costs, the quality of available labor and quality of life, Ray said. "I believe Dallas has the edge," he said.

Dallas' central business district has changed for the better as well, said Mike Wyatt, executive director of the Dallas office of Cushman & Wakefield of Texas Inc. Boeing in 2001 cited the cultural amenities of Chicago when it chose the Windy City, but downtown Dallas has made great strides to improve the museum, art, dining and entertainment scene downtown, as well as the public transportation system, he said.

"Both cities are strong," Wyatt said. "We're such a pro-business city. I think that may help us this time around."

Foreclosures of luxury homes on the rise

Local foreclosures of million-dollar homes have more than doubled in the first half this year from a year ago, according to a recent survey by Foreclosure Listing Service Inc.

Although foreclosures of executive and luxury homes made up just 7 percent of postings filed in the first half, foreclosures on homes worth $1 million or more has surged 112 percent in the Dallas-Fort Worth area, the biggest gain out of all housing segments, according to Addison-based Foreclosure Listing Service.

In addition, homes valued between $500,000 and $999,999 had about a 53 percent jump in foreclosure filings, and homes valued at $300,000 to $499,999 had almost a 39 percent gain.

Only one segment of the housing market experienced a decline in foreclosure postings over the last year: Homes valued between $200,000 and $299,999 had a 52 percent drop with just 13,389 postings filed during the first-half of this year compared with 11,052 during the same period in 2007.

Most foreclosed homes are in the low to medium-price range, with 83 percent of homes posted for foreclosure valued at under $200,000. Foreclosure postings filed on homes valued at under $200,000 has increased 17 percent to 20,918 by the middle of 2008, compared with 17,884 in the first half last year.

The average home posted for foreclosure during the first half this year was valued at around $140,000 compared with $70,000 10 years ago.

"Trying to say that today's foreclosure posting rate on a per capita basis is not as bad as it was a decade ago does not fly," said George Roddy Sr., president of Foreclosure Listing Service.

With foreclosure postings filed on Dallas-Fort Worth area homes jumping 232 percent over the past decade, the ratio of postings to homes has weakened, falling 60 percent. Ten years ago, only one foreclosure posting was filed per every 146 homes in the Dallas-Fort Worth area, compared with every 59 homes today.

"This hits home," Roddy said, "when you consider that if you know 59 homeowners, one of them had their home posted for foreclosure during the first six months of this year."

Web site: www.FLSonline.com

AT&T moving headquarters to Dallas from San Antonio

AT&T Inc. is moving its headquarters to Dallas from San Antonio, the telecommunications company said Friday afternoon.

AT&T said the move will start immediately and be completed by the end of the year.
Also Online

The company will be moving to existing AT&T offices at 208 South Akard St. in downtown Dallas.

That won’t necessarily be AT&T’s permanent home in the Dallas area, though.
“We’re continuing to evaluate our long-term real estate needs in the Dallas area,” said AT&T spokesman Walt Sharp.

About 700 of the company’s nearly 6,000 San Antonio-based workers are expected to move as well.

Those workers making the move are mostly corporate staff, with the technical positions remaining in San Antonio.

AT&T, now the largest telecom company in the world, said the move to Dallas makes sense in light of the company’s growth.

"We're a growing global company with customers and operations around the world," Randall Stephenson, AT&T’s chairman and chief executive officer, said in a statement.

"Being headquartered in Dallas will benefit our long-term growth prospects and human resources needs, and our ability to operate more efficiently, better serve customers and expand the business in the future.”

AT&T will also benefit from the concentration of telecommunications engineers and experts and the cluster of tech firms based in the so-called Telecom Corridor area in Richardson.

AT&T is the most recent big telecom firm to bring its headquarters to the Dallas area.
Last December, Research in Motion Ltd., the Ontario-based maker of the popular BlackBerry mobile e-mail device, chose Irving for the site of its new U.S. headquarters.

Dallas mayor Tom Leppert said Friday that AT&T had been in discussions for about a year to move to Dallas, but it wasn’t clear until the past few days that the relocation was certain.
“It’s a great victory,” Mr. Leppert said. “It’s absolutely a big deal. It shows that downtown Dallas is a great place to work and this is a great place to live.”

Mr. Sharp said that AT&T had 60,000 employees when it moved to San Antonio in 1992, and now has about 310,000 workers around the globe, while revenue has grown from less than $10 billion to nearly $120 billion.

By revenue, AT&T will be the second-largest company based in the Dallas-Fort Worth area behind Exxon Mobil Corp.

When the move is complete, AT&T will have about 14,400 workers in the Dallas area.
AT&T is making the move as it gears up for the exclusive launch of Apple Corp.’s much anticipated new iPhone on July 11.

Dallas officials urge state to require disclosure of real estate sales prices

12:00 AM CDT on Tuesday, June 17, 2008

By TERRENCE STUTZ / The Dallas Morning News tstutz@dallasnews.com

AUSTIN – Dallas officials Monday urged a Senate panel to require disclosure of sales prices on real estate to boost the accuracy of appraisals used in collecting property taxes.

Dallas City Council member Angela Hunt argued that sales price disclosure would make the property tax system more equitable and eliminate the breaks that many commercial property owners now enjoy because their appraisals are often well below market value.
"Commercial property owners aren't pulling their weight," Ms. Hunt told the Senate Subcommittee on Property Appraisal and Revenue Caps. "And that has created inequities in our system."

Citing an imbalance in appraisals that has forced homeowners to pay more in property taxes, Ms. Hunt said, "I am here today to ask for some fairness."
To illustrate her point, the Dallas lawyer cited negotiations for land that will be purchased by the city for a new convention center hotel. Although the land was listed on the tax rolls as having a value of $7.3 million, the property is expected to cost the city nearly six times that much – or $42 million.

Supporting her calls for reform was the chief appraiser for the Dallas Central Appraisal District, Ken Nolan, who said mandatory price disclosure would greatly improve the accuracy of his agency's appraisals and better ensure that all property owners pay their fair share.
"It's unrealistic to give someone a job and not give them the proper tools to do it," said Mr. Nolan, who is responsible for annually appraising all property in Dallas County. Those values are used by cities, school districts and other entities in Dallas County when they set property tax rates.

Mr. Nolan said arguments that disclosure of commercial sale prices is not workable don't hold much water given that 45 of 50 states require homeowners and businesses to disclose sales prices.

The five-member Senate panel is expected to make recommendations on property appraisals that will be considered by the Senate and House next year.

Lawmakers last year considered a series of appraisal reform measures – including mandatory sales price disclosure – but all except a few minor bills were killed. Business and real estate agent groups opposed the sales price disclosure bill.

A study by Texas Association of Appraisal Districts two years ago estimated that Texas public schools were losing about $4 billion a year in revenue because property appraisers are often unable to judge the true market value of property.

The study found that lack of sales price information has caused appraisers in urban areas to undervalue commercial property by an average of 40 percent and residential property by 15 percent. Multifamily property is undervalued by 25 percent, according to the study.
While Mr. Nolan voiced doubt that that such a large gap has ever existed in Dallas County, he said there is nonetheless a disparity that is the result of not having information on sales of commercial property.

Ms. Hunt said the sales price legislation – opposed by lobbyists for business groups – will be difficult to pass next year "until residents understand that they are getting a bigger tax burden because commercial property owners don't have to disclose sales prices and the real value of their property. Only if they get mad will we see something happen." Dallas City Council member Angela Hunt was among those testifying.

Staubach Co. may be getting new owner

Monday, June 16, 2008 - 11:13 AM MDT

The Staubach Co., one of metro Denver's largest commercial real estate firms, soon may be purchased by Jones Lang LaSalle Inc. for $835 million, according to GlobeSt.com.
A deal, which long has been rumored in national real estate circles, is expected to be announced on Monday.

The Dallas Morning News reported last week that a sale was expected this week.
The Staubach Co., based in Dallas, was founded by former Dallas Cowboys quarterback Roger Staubach in 1977, and specializes in representing tenants and property owners in real estate dealings. The company now has 70 offices in North America and 1,600 employees.
The brokerage firm opened an office in downtown Denver in 1996. The local company is called The Staubach Co. Front Range LLLP, and is headed by President Barry Dorfman and Executive Vice Presidents Joe Hollister and Bruce Dodge.

In 2007, the local Staubach operation brokered 8.9 million square feet in real estate deals, according to the Denver Business Journal's May 2 list of commercial real estate brokerage firms.
Publicly traded Jones Lang LaSalle (NYSE: JLL), based in Chicago, has been in metro Denver since 1973, and has been beefing up its local presence the last few years. In 2007, the firm added several professionals to its Denver office, including CRESA Partners LLC executives and tenant-representation specialists Todd Roebken, Paul Keilt and Mike Gregory. Mark Lucas is JLL's market director for metro Denver.

CRESA recently merged with another local tenant-rep firm, Liberty-Greenfield LLLP.
Jones Lang LaSalle brokered 1.04 million square feet of Denver-area deals last year, according to the DBJ commercial brokerage list.

The Chicago brokerage firm has more than 170 office worldwide and 2007 global revenue of $2.7 billion.

Huffines gets OK for Lewisville Development

Huffines Communities Inc. said it has received approval from the Lewisville City Council to proceed on the city's first mixed-use, transit-oriented development named Hebron 121 Station.
The location, about two miles north of the George Bush Turnpike, is bounded by Interstate Highway-35E, State Highway 121, and the new Denton County Transportation Authority (DCTA) rail station.

Residents of Hebron121 Station will be able to walk to the new DCTA rail station to be completed in 2011, and the new DCTA bus station to be completed in 2009, Dallas-based Huffines said.
The DCTA plans to connect with the existing Dallas Area Rapid Transit line currently under construction in Carrollton and will run north to the University of North Texas campus in Denton.
Hebron 121 Station's 90-acre tract will consist of 1,726 residential for-lease homes. It also will include 20,000 square feet of commercial space for restaurants, retail and offices, all adjacent to the proposed DCTA rail station.

Huffines said Hebron 121 Station will feature resort-style living, with landscaped green space, and lakes and trails. More than a mile of river frontage and several hundred acres of parks, future ball fields and open spaces will all connect via hike and bike trails, making Hebron 121 Station a transit-oriented development with the largest residential component in Texas, according to Huffines.

"We are all very excited to welcome Hebron 121 Station as the first transit-oriented development within the city," said Mayor Gene Carey in a statement. "This mixed-use community has been a joint effort between the City of Lewisville, our city staff and Huffines Communities, and we're pleased that construction is moving forward."
Web site: http://www.huffinescommunities.com/

Report: Dallas-Fort Worth is a good place to build home equity

09:24 AM CDT on Friday, May 9, 2008

By STEVE BROWN / The Dallas Morning News stevebrown@dallasnews.com

Potential Dallas-Fort Worth homebuyers who are nervous about whether it's a good time to purchase a house might find some comfort in a new report.

But analysts caution not to get carried away with the data.

Steve Brown: Housing values in North Texas are slow to rise, slow to fall
Leslie Berkman: Surviving the bubble's burst in Riverside, California
The study by the Center for Economic and Policy Research and National Low Income Housing Coalition projects that D-FW homebuyers could see one of the best increases in equity in the country during the next few years.

The comprehensive report looked at home ownership and rental costs and the prospects for building home equity in 100 metropolitan areas.

In terms of building equity, the D-FW area is among the top five markets expected to do well between now and 2012. A homeowner who buys a house priced at 75 percent of the median for the area could gain more than $80,000 in equity four years from now, the study finds.
"I wouldn't want people to run out and make investment decisions based on this," Dean Baker, one of the authors of the report, said Thursday.

But he said the Texas market is probably in the best shape in the country.
"The fact that Texas didn't take part in the housing bubble is good news," he said. "You are not going to feel the pain other cities are."

Indeed, while home equity is likely to grow during the next few years in Texas cities, homeowners could lose equity in their houses in about a third of the cities in the report.
The biggest declines are forecast in markets that have seen big price increases in recent years, including many California cities.

"People in Texas have benefited from not having that temporary run-up in prices," Mr. Baker said. "That wasn't healthy, and now people are really getting hurt [there]."
Median home sales prices in North Texas have dropped only slightly during recent months, while residential values in many coastal cities have decreased dramatically and are still falling.
Mark Dotzour, chief economist with Texas A&M University's Real Estate Center, said the study's findings confirm the relative strength of the state's housing market.

"There is a lot less downside risk to buying a home in any of these Texas cities and a lot more upside potential," he said. "There has never been a price bubble in Texas."

But he also cautioned against using the projections of any study as the basis for homebuying.
"I hope they are right, but my guess is they might be overstating it a little bit," Dr. Dotzour said.
The new study also found that the D-FW area continues to have some of the lowest average apartment rents for a big-city market. And the monthly cost of homeownership here can still be lower than what's charged for some apartments.

HOME EQUITY FORECAST

Anticipated equity in a home after four years, based on buying a home at 75 percent of area median price and financing at 6 percent with a long-term, fixed-rate mortgage.

BIGGEST EXPECTED GAINS
McAllen, Texas
$90,437
San Antonio
$90,017
New Orleans
$88,898
Houston
$87,837
Dallas-Fort Worth
$83,880

BIGGEST EXPECTED LOSSES
San Jose, Calif.
-$355,346
San Francisco
-$253,875
Los Angeles
$222,719
Oxnard, Calif.
$203,481
Bridgeport, Conn.
$183,685

SOURCE: Center for Economic and Policy Research and National Low Income Housing Coalition

Finally, a positive outlook on real estate here in DFW. Hooray for Steve Brown!

SPARE ME A RIVER MAVS. . .

Yet another Chokes-alot Dirk and company blow another season with a loaded team. I remember the day the Mavs were up 2-0 against the Heat in the finals. I drain my bank account and me and Missy fly to Miami to watch them lose not one, but two in a row. Come back to Big-D and see the Heat clinch it on our court. After that . . . what does anyone here expect? Same thing with the candidates for the 2008 President. Everyone loves to talk about it, but it really doesn't matter you will be let down in the end, no matter what!

RENT FRANKIE!!!

Frankie the Ferret is now available for rent in the DFW Metroplex. Frankie is the mascot for a new home search engine in Plano, Texas. He is ideal for the following events: children's birthday parties, weekend carnivals, children's birthday parties, sporting events, family reunions, business events, trade shows, conventions, garage sales . . . etc.

If you are looking for something different, fun and exciting, and very memorable, Frankie is it! He can also have a banner clipped on his right hand to his left hand that says anything that you like such as: "Happy Birthday Bob", "Class Reunion 2000", or "Grand Opening" with any logo or picture in full color! (Banner must be paid for in advance and signed off on 5 days prior to event, no exceptions.)

What easier way to find something than say, "Look for the big blue ferret." Call Jerry today for availability at 469-733-2723.

Pricing is as follows:

One Hour = $250.00

Five Hours = $500.00

Daily = $750.00

Three Days = $1,500.00

Weekly = $2,500

Monthly = $4,000

Business Discounts are available per each individual cities permit and pricing. Please call for more details. Additional $50.00 fee for delivery, set-up and take down. $250.00 non-refundable deposit for any booking one day or less, anything more will be a $500.00 non-refundable deposit, no exceptions. For availability or any other questions please call Jerry at 469-733-2723.

We promise, you won't be disappointed!

Homeferret.com goes live!

FOR IMMEDIATE RELEASE

Contact: Hal Karp
Phone: 972-249-7186
Fax: 972-334-9907
Email: media@homeferret.com
Website: Homeferret.com


Homeferret.com goes live!

Groundbreaking new website provides most
comprehensive listing of new DFW homes on the Internet.

Dallas-Ft. Worth Metroplex – March 4, 2008. The first website of its kind, Homeferret.com officially launched this past Saturday, March 1, 2008. Providing customers and realtors with the most comprehensive inventory of new homes and communities available in the Dallas-Ft. Worth Metroplex, the new site is being hailed by industry professionals everywhere as a long overdue and welcome solution to a consistent and chronic problem: a dearth of internet access to new homes on the market.
“While other real estate websites are MLS-driven, for Homeferret.com, we’ve created our own database from scratch,” explained Brad Oellermann, one of the site’s founders. “By gathering information direct from the builders and creating a structure by which the builders can update, add and enhance the site real-time, Homeferret hands-down offers to most up-to-date listing of new homes anywhere.”
Featuring thousands of homes from over 700 communities, the website is certain to become every new buyer’s most powerful tool. “We’ve essentially gone back to the drawing board and recreated what real estate listings can be and should be on the Web,” said Oellermann, who explained that homes from every one of DFW’s Top 25 builders can be found on the site.
With nearly two decades of real estate experience between them, Homeferret’s founders were driven to create the site after consistently noticing an information gap for new home buyers. Existing websites were often outdated, lacked photos and video, and most importantly, leaned heavily on older homes. “New homes have lacked the Internet presence they deserve or need,” said Oellermann. Yet, in focus groups, Oellermann learned that the majority of today’s buyers found their home online. But describing the experience, those same buyers offered words like frustrating, confusing and difficult. Added Oellerman: “With Homeferret going live, those days are coming to an end.”
Along with its expansive inventory, the site also offers video tutorials, featuring former Hot On Homes (WFAA) Host, Brooke Lane. And soon, video segments will also profile communities and homes. “Buyers need to see more than just the homes,” said Oellerman. “You’re buying into a community which includes schools, grocery stores, parks, the works. Our site shows those conveniences. No other site does that. Any buyer who starts their search at Homeferret.com will not be disappointed.”

DALLAS NAMED 3rd in U.S. for REAL ESTATE INVESTING

HomeVestors of America Inc., a home buyer and proprietor of the "We Buy Ugly Houses" advertising campaign, has named Dallas the third best market in the United States for real estate investors.

"It was an ugly year for residential real estate, creating record-setting demand for" home investors, said John Hayes, president and CEO of HomeVestors of America Inc., in a news release. "We generated more than 200,000 opportunities for our franchisees to buy houses in 2007, and we expect even more opportunities next year. Despite changes in the market, real estate investing continues to grow."

Other Texas cities that made the list include Houston at No. 1, Fort Worth at No. 6, and San Antonio at No. 7.

Again, eventhough we do not have the appreciation like the East and West coast, we sure have made a point that we have steady and stable appreciation. Hooray for D town.!

Web site: www.homevestors.com

Blitz Properties debuts in DFW

All Press Releases for December 29, 2007
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Blitzproperties.com Debuts in DFW with an Overwhelming Success Among Real Estate Agents and New Home Buyers

Blitzproperties.com has come into the DFW market with a bang. Their unique business model has made real estate agents curious if Blitz would be a good fit for them. The website has had 370% over the projected traffic from referring sites to date.

Plano, TX (PRWEB) December 29, 2007 -- Blitzproperties.com (A Licensed Texas Brokerage) debuted in DFW this week with an overwhelming positive response. With the support of local DFW media companies, Blitz Properties will enter the market with a very aggressive marketing campaign for both agents and home buyers.

They feel that many real estate agents are being micro-managed by the established big brokerages. Many agents MUST attend Monday morning meetings as well as make hours of phone calls to friends and family asking for leads. Well the real estate industry is changing. This is why Blitz feels their business model will be ideal for the agent that is looking for a company presence in the industry along with a non-corporate feel.

We feel that giving our agents the highest known split in the industry and the tools to help them succeed will make their deciscion be an easy one. The leads we are projecting in the next couple months with the launch of a new site will definately help agents make the move to join the Blitz team.

Blitz is looking to grow quickly by having the best perks for their agents. This includes a virtual office for each agent and paying a 100% commission splits for many if not all of the agents transactions. The virtual office will include a new laptop provided with wireless internet access for free. Adding this technology at the companies expense will allow the flexibility for the agents to be productive anywhere immediately, not just their home office.

They would also like to announce a new program that is a first. It allows anyone that qualifies to obtain their real estate license free of charge.

"Blitz Properties business model was created for the agent that has identified what area they excel in and do not need the guidance and support of the traditional brokerages here in DFW," explains Brad Holden, broker of Blitz Properties. "We feel that giving our agents the highest known split in the industry and the tools to help them succeed will make their deciscion be an easy one. The leads we are projecting in the next couple months with the launch of a new site will definately help agents make the move to join the Blitz team."

What makes Blitzproperties.com unique is that it is a lifestyle site, targeting buyers and agents that want to buy, sell, rent, invest or even find creative financing.

Now consumers can research new homes, have access to development opportunities with 100% financing programs, and click through the most current rental properties available in the area, all in one Real Estate Superstore, it's free and easy. With over 83% of homebuyers searching the internet first for their property, Blitzproperties.com promises to revolutionize the way people shop and sell real estate.

Blitz has valuable tools for neighborhood profiles, school reports and recent home sales. They make it fast and easy to research all your real estate needs from loan tools to pre-qualifying.

In the coming months, Blitz Properties will debut a new site that is the first of its kind here in the DFW Metroplex. As of today, two of the top industry leaders have already signed up to be an important part of the website.

"After coming to terms with our new partners, we are very confident that it will be a tremendous success," Holden comments.

Blitz has not given any details about the new website to date. They are very excited about the launch and with the addition of the industry leaders feel that they will have little competitors, if any. There has been a very positive response from focus groups conducted as well as many local new home builders.
Catering to small businesses and residential buyers with an advertising model that will create a tremendous amount of leads, this projected multi-million dollar revenue model will revolutionize the industry here and rival some of the biggest real estate sites that are active today.

Blitzproperties.com is based in Plano, Texas and owned by Holden New Homes, L.P. This real estate brokerage is based on a virtual office for its agents allowing them to operate without someone looking over their shoulder, and compensating each agent 100% of their commission on each qualifying transaction. Blitz Properties has extreme knowledge of this market having a new home presence for the past seven years. For the last two years they have ranked in the top 50 Brokerages in DFW for sales.

If you are an agent, please submit resumes via e-mail at info @ blitzproperties.com or by fax at (972)-334-9907. Blitz will then look over your resume and notify you about a face to face meeting.

Please visit them at http://www.blitzproperties.com/
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