The Robbie Report: Getting Beyond the Gridlock
December 18th, 2013 | by The Update
The beautiful traditional home at 7733 Southwestern Boulevard in Highland Park’s Caruth Hills has ample natural light surrounding a beautiful poolscape and covered outdoor living area. This six-bedroom, four-bath home is listed for $1,375,000. Photo / Briggs Freeman Sotheby’s International Realty
The 16-day shutdown of the U.S. government in October was no fun. It shook the markets and nudged some people off the playing field and back onto the financial sidelines of uncertainty.
While the doom and gloom crowd anxiously wrung their hands over Wall Street volatility, the nervousness reverberating on Capitol Hill didn’t necessarily translate to the real estate market, particularly here in North Texas.
It may not be the case in other regions, but relocations have remained relatively robust in our area. Additionally, there still are not enough homes available for the number of people looking to buy. And when you consider the positive quarter after quarter momentum seen in the DFW area, we are clearly above the national average and in a much different category of real estate trends.
No doubt about it, the shutdown was a punch to the economy’s tender stomach. So we tell our clients to choose wisely. And above all, be circumspect about allowing politics on either side of the aisle to shake confidence or dampen the momentum we have experienced in Dallas and throughout North Texas.
There are a number of very good reasons to share my optimism when it comes to real estate in Dallas. The statistics make it abundantly clear: beyond strong relocation numbers and the hungry homebuyers I mentioned, we also enjoy a growing job market, and a low cost of doing business – two more critical factors that have created positive buzz in our area.
I welcome your comments and questions.
CEO and President
Briggs Freeman Sotheby’s International Realty is Dallas’ luxury real estate leader, with more than 200 agents in five offices located throughout Dallas-Fort Worth and access to the global Sotheby’s network, including more than 11,000 agents in 600 offices worldwide. CEO Robbie Briggs independently owns and operates Briggs Freeman Sotheby’s International Realty. For more information on escapes and second homes, ranch and land, and luxury homes in the Dallas-Fort Worth region and beyond, go to briggsfreeman.com.