PLANO — A long-undeveloped piece of property along State Highway 121 in north Plano will be the home to a housing development with homes averaging nearly $400,000.
Article By: Bill Conrad | Plano Star Courier
The development was approved Monday night by the Plano City Council, which rezoned the land from commercial to residential with a 6-1 vote. Councilwoman André Davidson voted no and councilman Ben Harris recused himself. (more…)
Our very own President and CEO Stephen Brooks was featured in this month’s issue of Builder Magazine. The article highlights how he was able to lead Grand Homes through two of the worst housing recessions in history. Through difficult cost-cutting decisions, redesigning products, and putting people first Grand Homes was able to remain one of the most profitable home builders in the Dallas Area. While many had no option but to get out, Mr. Brooks has accomplished 96 consecutive months of profitability. See the complete article here, or scroll below. (more…)
Read how the out look for D-FW home prices is looking bright in 2012.
Analyst predicts 5.8% gain for 2012, the first increase since 2007By Steve Brown, Real Estate Editor The Dallas Morning News
After almost five years of declines, the Dallas-Fort Worth home prices will edge up in 2012, according to a new forecast.
The D-FW area will be among the top 10 home price gainers this year, according to a report by California-based housing analyst Clear Capital.
Overall home prices in D-FW should rise 5.8 percent by the end of 2012, Clear Capital predicts. That is higher than the nationwide forecast of a 0.2 percent price gain. (more…)
This spacious 6 bed/5 bath house comes equipped with features and amenities (which we’ll talk a bout in a minute) that would help any family feel comfortable and at home. But what makes this home great is the peaceful vistas of Lake Ray Hubbard right from the backyard! With a covered patio and an upstairs balcony off the game room families are able to enjoy the outside just as much as the inside. (more…)
We’re at it again! Grand Homes has just entered two new communities in DFW: Silverleaf in Keller and Creekside Estates in Wylie. We are still in the early development stages in these communities, but the purchase of lots and build-jobs are now available to the public. So if you have considered settling down in either one of the fast-growing and family-friendly communities, here is a little preview of what each one has to offer. (more…)
Last month Grand Homes experienced one of their highest sales months of the year, indicating that even in a challenging housing market Grand Homes is delivering a quality product and service that people want to buy. As Grand Homes opens and develops new communities they are enthusiastic about maintaining this trend through the end of the year. (more…)
Right now mortgage rates are lower than they have been in over 6 decades. This week the average rate on a 30-year fixed mortgage was reduced to 4.12%, and 15-year to 3.33%. (more…)
It’s official! Construction has started on Grand Homes’ third Home for Hope. The ceremony kicked off on Wednesday morning in Savannah, TX as several members of the community came out to show their support for the only Hope Home in Dallas. (more…)
Estimates show North Texas prices will increase 2.7% in the next year. Houston prices are expected to increase 3.8%, according to Veros Real Estate Solutions, housing analysis firm.
“The primary reason for the strong Texas showing is that Texas cities did not have a huge run-up in prices that occurred with much of the rest of the country,” said Eric Fox, Veros’ vice president of statistical and economic modeling.” Unemployment rates in Houston, Dallas and other Texas cities are below the national unemployment rate.
“Also, the months’ supply of homes for sale in Texas is modest,” Fox said.
See the full article and where other markets rank, “Houston, D-FW will lead in home price gains, forecast says” By Steve Brown, Dallas Morning News.