Republic Title.RC5

Our Frisco Office Has Moved

Our Republic Title Frisco office has moved and recently hosted a ribbon cutting ceremony and open house for their customers to see their beautiful new space. With a prime location off of Panther Creek Parkway and the Dallas North Tollway, the Republic Title Frisco team is well-positioned to provide exceptional service and offer first class amenities to their customers. With over 250 collective years of title insurance experience, the Frisco team takes great pride in the trust their clients place in them with their real estate transactions and look forward to continuing to serve the booming North Texas community.

The Republic Title Frisco team is made up of Marilyn Hoglen, Ken Callahan, Kylie Moore, Debra Naukam, Drew Brummitt, Nathalie Kroll, Sherry Knoebel, Dawn Repka, Deborah Brunner, Kari Vander Velde, Lauren Robertson, Maggie Wright, Melonie Arbet, Rochelle LeGros, Susan Van Gee, Taylor Roberts, and Tracey Stoner.

For more information on the Republic Title Frisco office, visit our website at republictitle.com/frisco

Hiking and Biking Trails in DFW

DFW Area Hiking and Biking Trails

The Dallas area is a haven for outdoor enthusiasts, offering a plethora of hiking and biking trails that cater to all skill levels. From serene nature preserves to challenging mountain biking routes, there is something for everyone to enjoy. One popular destination is the Katy Trail, a 3.5-mile urban trail that winds through the heart of Dallas. This scenic path is perfect for both hiking and biking, with its paved surface providing a smooth and comfortable experience. Along the way, visitors can admire the beautiful views of Turtle Creek, pass by charming neighborhoods, and even make a pit stop at one of the many restaurants and cafes conveniently located near the trail.

For those seeking a more rugged adventure, the Cedar Ridge Preserve offers a range of hiking trails that showcase the natural beauty of the Dallas area. This 600-acre nature preserve is home to diverse ecosystems, including forests, prairies, and wildflower meadows. Hikers can choose from several well-marked trails of varying lengths and difficulties, allowing them to explore the preserve at their own pace. As they traverse the trails, visitors can catch glimpses of wildlife, such as deer and foxes, and enjoy panoramic views of the surrounding countryside. The Cedar Ridge Preserve is a true gem for hikers looking to escape the hustle and bustle of the city and immerse themselves in nature’s tranquility.

Bonnie Wenk Park, located in McKinney, Texas, is a delightful outdoor oasis that offers a range of recreational activities for visitors of all ages. Sprawling across 144 acres, this expansive park features beautifully landscaped grounds, serene ponds, and lush green spaces. One of the main highlights of Bonnie Wenk Park is its extensive trail system, which is perfect for both walking and biking enthusiasts. The trails wind through picturesque settings, allowing visitors to soak in the natural beauty of the park while getting some exercise. Along the way, hikers and bikers can enjoy the shade provided by the park’s abundant trees and take in the sights and sounds of nature.

Arbor Hills Nature Preserve, nestled in Plano, Texas, is a remarkable destination that seamlessly blends natural beauty with recreational opportunities. Spanning over 200 acres, this urban oasis offers a respite from the bustling city life with its diverse ecosystems and well-maintained trails. Nature enthusiasts will find themselves enchanted by the preserve’s lush forests, picturesque meadows, and tranquil ponds. The trails, ranging from easy to moderate difficulty, wind through the preserve, providing visitors with the chance to explore its scenic landscapes while immersing themselves in the serenity of nature.

Oak Point Nature Preserve, located in Plano, Texas, is a breathtaking natural sanctuary that offers a wealth of outdoor experiences for visitors. Spanning over 800 acres, this expansive preserve is a haven for nature enthusiasts and adventure seekers alike. With its diverse ecosystems, including dense forests, sprawling meadows, and winding creeks, Oak Point Nature Preserve provides a serene escape from the urban bustle. The preserve boasts a network of well-maintained trails that wind through its picturesque landscapes, offering hikers and bikers the opportunity to explore its beauty while immersing themselves in the tranquility of nature. From birdwatching to wildlife spotting, there are countless opportunities to witness the rich biodiversity that thrives within the preserve. Oak Point Nature Preserve is a true treasure for those seeking solace and rejuvenation amidst the natural wonders of Plano.

These are just a few of the DFW area hiking and biking trails.  For more information, please visit our DFW Area Resource section of our website. DFW Area Helpful Resources | Republic Title of Texas

 

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3 Things You Need To Know About Contingent Contracts

Next up in our Three Things video series are Republic Title’s Janet Allen and Sarah Mann discussing the three things you need to know about contracts contingent on the sale of a buyer’s current home.
 
In this informative conversation they discuss when the buyer must receive the proceeds of their sale, what happens when a seller accepts a back-up offer, and some situations that may cause a buyer default. With the market heating up, this information is vital for agents and their clients.
 
For more information and resources, visit republictitle.com
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April 2023 DFW Area Real Estate Stats

In April, active listings have increased across all counties compared to last year. However, the demand is outpacing supply, and we need more inventory to meet the growing needs of homebuyers. Excitingly, the average price is slightly down from last year across our area, offering potential savings for home seekers. Moreover, days on market have decreased since last month, signaling a strengthening market and a sense of urgency for those looking to buy or sell.

Our stats infographics include a year over year comparison and area highlights for single family homes broken down by county. We encourage you to share these infographics and video with your sphere.

For more stats information, pdfs and graphics of our stats including detailed information by county, visit the Resources section on our website at DFW Area Real Estate Statistics | Republic Title of Texas.

For the full report from the Texas A&M Real Estate Research Center, click here. For NTREIS County reports click here.

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Spotlight on Plano

Whether you’re a lifelong resident or new to the area, there’s always something new to discover about your neighborhood.  With that in mind, we created a Fast Facts sheet for cities and neighborhoods all over the DFW area. Our DFW Area fast facts have detailed real estate insights, things to do, places to shop and some of our favorite restaurants in each area.

Our first spotlight is the city of Plano. Plano is a vibrant city known for its thriving business community and high quality of life. With a strong economy, excellent schools, and an abundance of recreational activities, Plano offers residents and visitors a diverse range of attractions, from upscale shopping and dining to beautiful parks and cultural events.

Head to our website now to get all the details you need to stay up-to-date and in-the-know about your local neighborhood. Your community is waiting for you! republictitle.com/dfw-area-city-fast-facts

POPULATION


288K

AVERAGE HOUSEHOLD INCOME

$130K

MEDIAN AGE


39

HOUSING


59% OWN
41% RENT

AVERAGE SALES PRICE

$564K

AREA ACTIVITIES & FEATURES

• ARBOR HILLS NATURE PRESERVE
• CHISHOLM TRAIL GREENBELT
• CRAYOLA EXPERIENCE PLANO
• GO APE ZIPLINE & TREETOP
• HERITAGE FARMSTEAD MUSEUM
• INTERURBAN RAILROAD MUSEUM
• THE SHOPS AT LEGACY & LEGACY WEST | SHOPPING & DINING
• THE BOARDWALK AT GRANITE PARK | SHOPPING & DINING
• THE TEXAS POOL
• HISTORIC DOWNTOWN PLANO ARTS DISTRICT
• OAK POINT PARK
• CARPENTER PARK

FAVORITE LOCAL DINING & DRINK SPOTS

• LEGACY HALL • RED TRUCK CAFE • 1418 COFFEE•
• STEVE FIELDS STEAKHOUSE • THE FILLMORE PUB •
• YAO FUZI • THE LATIN PIG • DENSETSU • AI SUSHI •
• BAVARIAN GRILL • COFFEE DEL RAY • FARM + FEED •
• BAR RANCH STEAK COMPANY • BAVETTE GRILL •
• BEARD PAPA’S • BEERHEAD BAR & EATERY •
BEST THAI PLANO • BLACK RIFLE COFFEE COMPANY •
CAFE GECKO • CAFE MAX • CRAFTWAY KITCHEN •
• FRED’S DOWNTOWN PHILLY • HENRY’S ICE CREAM

FAVORITE LOCAL SHOPPING

DALLAS VINTAGE SHOP • HIRSCH’S MEATS •
• APRICOT LANE • BLUE MERCURY • SCOUT + MOLLY’S •
• ELLA BLEU • SWEET HOME BATH & BODY • LYLA’S
DECOR, CLOTHING & MORE • FEATHERED NEST

AVERAGE DRIVE TIMES

DOWNTOWN DALLAS | 26 MINUTES
• DALLAS LOVE FIELD AIRPORT | 27 MINUTES
• DFW INTERNATIONAL AIRPORT | 25 MINUTES
• AT&T STADIUM & GLOBE LIFE FIELD | 37 MINUTES
• DOWNTOWN FORT WORTH | 50 MINUTES

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3 Things You Need To Know About Title Commitment

Looking for the inside scoop on title and real estate? Look no further than our new Three Things video series where we will highlight three things you should know about various title and real estate topics.

First up is Republic Title’s Janet Allen and Matt Visinsky discussing the 3 things you need to know about the Title Commitment. They cover what the title commitment is and the three key parts of the Title Commitment: Schedules A, B and C.

For more information, check out our blog post on the ABC’s of the Title Commitment: https://www.republictitle.com/the-abcs-of-title-commitment/

Texas-Housing-Insight-February-2023

Texas Housing Insight February 2023 Summary

February’s housing market shows 2023 has returned to normal seasonal trends, something not experienced since 2019. Housing sales are back on trend with increases for the month, as are construction starts and permits. Rebounding to pre-pandemic levels means sales and construction activity are still decreased compared with the previous two years. This is likely due to inflated mortgage rates and high inflation. Days on market (DOM) increased across all major metros as inventory rose because of deflated demand. All of these factors point to a cooling housing market and a return to form.

Supply* Rises as Inventory Gains Ground

Single-family construction permits reversed their course for February, gaining significant ground with a 17 percent increase month over month (MOM). All four major metros contributed to the statewide rise, as they all had positive gains for February. Houston led the way with a 33 percent increase over last month (3,793 permits), while Austin lagged the rest with a 0.7 percent gain (1,160 permits).

Construction generally hits a seasonal low in December, and peaks in March or June. Single-family construction starts are following this trend with a seasonally adjusted MOM increase of almost 2 percent. December’s low point reached levels not seen since 2015, due in large part to the drastic increase in mortgage rates. March starts, around 9,200 according to Dodge Data & Analytics, pale in comparison to the previous two March levels, which were record-breaking peaks at the time.

The state’s total single-family starts value reached $4.3 billion in February, down from $7.5 billion in February 2022. Houston and Dallas-Fort Worth (DFW) are responsible for more than half of that. Houston continues to account for the largest portion of Texas’ construction values with 29 percent of the market share. DFW accounts for 25 percent.  Austin and San Antonio remained on par with previous years’ market percentage shares.

February’s active listings continued their upward trend since March 2022 after having slowed in the past two months, when the metric fell to 91,000 units after seasonal adjustment. Although, these levels are still lower than pre-pandemic listing levels. Additionally, despite the small dip last month, months of inventory (MOI) returned to an upward trend as inventory levels reached three months. Austin’s MOI fell to just below three months. Dallas followed a similar trend, with MOI dropping to 2.2 months. Meanwhile, Houston and San Antonio bolstered the state with increases, raising the overall months of inventory.

Demand Increases as Sales and Prices Jump

Housing demand started the new year with an upward trend, as sales volume expanded for two consecutive months. Total home sales had a strong boost of 7.8 percent MOM, doubling last month’s 3.7 percent growth. Sales gained more than 2,000 transactions in a month, marching upward to a seasonally adjusted rate of 29,728 closings. Austin and Houston, the two metros that had their great rebound in January, stayed flat this month (Table 1). Meanwhile, Dallas and San Antonio spiked up. Dallas’ 17.1 percent growth brought more than 1,200 additional homes under contract in February.

Sales across all price cohorts continued to follow their normal seasonal cycle with sales increasing through all price cohorts. Homes in the $300K-$400K range remain at the epicenter of the market, making up 28 percent of Texas sales. This constitutes a 2 percent increase in market share for this price cohort over February 2022. DFW increased its market share by a similar 2 percent this month in the same cohort, as the other metros stayed on course with YOY market shares. Despite sales activity picking up, Texas’ average DOM steadily advanced four days in 2023 to 56 days. Compared with the five-year average of 59 days before 2020, the housing market is fast approaching historic norms. Austin posted a ten-year record of 71 days this month, the longest market time since 2013. This is a major swing from the intense market conditions from just a year ago.

Austin homes’ time on market uniformly lengthened across all price cohorts, while other metros had mixed trends. Among the homes valued above $400K, Austin’s DOM ranged from 57 to 69 days, at least ten days longer than the corresponding cohort in the DFW market. Houston homes in the $750K and above price cohort were in a hot market, staying on market only one day longer than homes below $200K.

Prices Flatten as Rates Remain High 

Texas’ median home price mostly stayed flat from the previous month, and only 0.6 percent higher than a year ago (Table 2). However, home prices did fall in Austin with 4.6 percent MOM and 12.2 percent YOY decreases. Dallas and San Antonio still saw low-single-digit price growth from a year ago.

The ten-year U.S. Treasury bond yield reversed the dwindling trend and marched upward 22 basis points to 3.8 percent. The Federal Home Loan Mortgage Corporation’s 30-year fixed-rate saw the fourth consecutive moderation since November, falling to 6.3 percent.

High mortgage rates have discouraged many homebuyers, driving demand down over the past year. The Texas Repeat Sales Home Price Index accounts for compositional price effects and provides a better measure of changes in single-family home values. Texas’ index gained 3.1 percent MOM. Austin stood out with an 8 percent YOY decrease. The other four metros had minor single-digit YOY increases, indicating possible price normalization.

_________________

* All measurements are calculated using seasonally adjusted data, and percentage changes are calculated month over month, unless stated otherwise.

Source – Joshua Roberson, Weiling Yan, and John Shaunfield (April 19, 2023)

https://www.recenter.tamu.edu/articles/technical-report/Texas-Housing-Insight

Earth Day 2016

History of Earth Day

Earth Day was founded in 1970 as a day of education about environmental issues, and Earth Day 2019 occurs on Monday, April 22. The holiday is now a global celebration that’s sometimes extended into Earth Week, a full seven days of events focused on green living. The brainchild of Senator Gaylord Nelson and inspired by the protests of the 1960s, Earth Day began as a “national teach-in on the environment” and was held on April 22 to maximize the number of students that could be reached on university campuses. By raising public awareness of pollution, Nelson hoped to bring environmental causes into the national spotlight.

Earth Day History

By the early 1960s Americans were becoming aware of the effects of pollution on the environment. Rachel Carson’s 1962 bestseller “Silent Spring” raised the specter of the dangerous effects of pesticides on America’s countrysides. Later in the decade, a 1969 fire on Cleveland’s Cuyahoga River shed light on the problem of chemical waste disposal. Until that time, protecting the planet’s natural resources was not part of the national political agenda, and the number of activists devoted to large-scale issues such as industrial pollution was minimal. Factories pumped pollutants into the air, lakes and rivers with few legal consequences. Big, gas-guzzling cars were considered a sign of prosperity. Only a small portion of the American population was familiar with–let alone practiced–recycling.

Did you know? A highlight of the United Nations’ Earth Day celebration in New York City is the ringing of the Peace Bell, a gift from Japan, at the exact moment of the vernal equinox.

Elected to the U.S. Senate in 1962, Senator Gaylord Nelson, a Democrat from Wisconsin, was determined to convince the federal government that the planet was at risk. In 1969, Nelson, considered one of the leaders of the modern environmental movement, developed the idea for Earth Day after being inspired by the anti-Vietnam War “teach-ins” that were taking place on college campuses around the United States. According to Nelson, he envisioned a large-scale, grassroots environmental demonstration “to shake up the political establishment and force this issue onto the national agenda.”

Nelson announced the Earth Day concept at a conference in Seattle in the fall of 1969 and invited the entire nation to get involved. He later recalled, “The wire services carried the story from coast to coast. The response was electric. It took off like gangbusters. Telegrams, letters and telephone inquiries poured in from all across the country. The American people finally had a forum to express its concern about what was happening to the land, rivers, lakes and air—and they did so with spectacular exuberance.” Dennis Hayes, a young activist who had served as student president at Stanford University, was selected as Earth Day’s national coordinator, and he worked with an army of student volunteers and several staff members from Nelson’s Senate office to organize the project. According to Nelson, “Earth Day worked because of the spontaneous response at the grassroots level. We had neither the time nor resources to organize 20 million demonstrators and the thousands of schools and local communities that participated. That was the remarkable thing about Earth Day. It organized itself.”

On April 22, rallies were held in Philadelphia, Chicago, Los Angeles and most other American cities, according to the Environmental Protection Agency. In New York City, Mayor John Lindsay closed off a portion of Fifth Avenue to traffic for several hours and spoke at a rally in Union Square with actors Paul Newman and Ali McGraw. In Washington, D.C., thousands of people listened to speeches and performances by singer Pete Seeger and others, and Congress went into recess so its members could speak to their constituents at Earth Day events.

The first Earth Day was effective at raising awareness about environmental issues and transforming public attitudes. According to the Environmental Protection Agency, “Public opinion polls indicate that a permanent change in national priorities followed Earth Day 1970. When polled in May 1971, 25 percent of the U.S. public declared protecting the environment to be an important goal, a 2,500 percent increase over 1969.” Earth Day kicked off the “Environmental decade with a bang,” as Senator Nelson later put it. During the 1970s, a number of important pieces of environmental legislation were passed, among them the Clean Air Act, the Water Quality Improvement Act, the Endangered Species Act, the Toxic Substances Control Act and the Surface Mining Control and Reclamation Act. Another key development was the establishment in December 1970 of the Environmental Protection Agency, which was tasked with protecting human health and safeguarding the natural environment—air, water and land.

Since 1970, Earth Day celebrations have grown. In 1990, Earth Day went global, with 200 million people in over 140 nations participating, according to the Earth Day Network (EDN), a nonprofit organization that coordinates Earth Day activities. In 2000, Earth Day focused on clean energy and involved hundreds of millions of people in 184 countries and 5,000 environmental groups, according to EDN. Activities ranged from a traveling, talking drum chain in Gabon, Africa, to a gathering of hundreds of thousands of people at the National Mall in Washington, D.C. Today, the Earth Day Network collaborates with more than 17,000 partners and organizations in 174 countries. According to EDN, more than 1 billion people are involved in Earth Day activities, making it “the largest secular civic event in the world.”

 

source: www.history.com

March 2023

March 2023 DFW Area Real Estate Stats

March 2023 stats are in and we have the numbers! The North Dallas real estate market is seeing some interesting trends! Active listings in Collin, Denton, and Rockwall counties are up over 50% from last year, while the price per square foot has fallen across all counties. This means there are more options available for homebuyers looking to make a move in 2023. Interestingly enough, the list prices have fallen ever so slightly in all counties except Rockwall. Does this signal a shift to a more buyer-friendly market? Inventory will be the deciding factor, so stay tuned for stats this summer to see!

Our stats infographics include a year over year comparison and area highlights for single family homes broken down by county. We encourage you to share these infographics and video with your sphere.

For more stats information, pdfs and graphics of our stats including detailed information by county, visit the Resources section on our website at DFW Area Real Estate Statistics | Republic Title of Texas.

For the full report from the Texas A&M Real Estate Research Center, click here. For NTREIS County reports click here.

DFW Area Dog Parks

National Pet Day

If you’re a dog owner in the Dallas area, you’re in luck! The city is home to many fantastic dog parks where you and your furry friend can enjoy some fresh air, exercise, and socialization. Whether you’re looking for a spot to play fetch, run around, or simply relax, there’s a dog park in DFW that’s perfect for you. In this blog post, we’ll be listing out all the dog parks in the Dallas area, so you can find the one that’s closest to you or try out a new location. So grab your leash and let’s get started!

ALLEN

Mutts Canine Cantina
1070 Watters Creek Blvd., Allen, TX 75013

ARLINGTON

Rush Creek Dog Park
1900 Valleywood Dr., Arlington, TX 76013

Tails N Trails Dog Park
950 SE Green Oaks Blvd., Arlington, TX 76018

BEDFORD

Bedford Bark Park Dog Park
3200 Meadow Park Dr., Bedford, TX 76021

COPPELL

Waggin Tails Park (Formerly Coppell Dog Park)
400 S MacArthur Blvd., Coppell, TX 75019

DALLAS

Barry Annino Dog Park (Formerly Bark Park Central)
2530 Commerce St., Dallas, TX 75226

Central Dog Park
4711 Westside Dr., Dallas, TX 75209

Meadows Foundation Dog Park
1100 Skiles St., Dallas, TX 75204

My Best Friend’s Dog Park – Klyde Warren Park
2012 Woodall Rodgers Fwy., Dallas, TX 75201

Main Street Garden Urban Dog Run
1900 Main St., Dallas, TX 75201

NorthBark
4899 Gramercy Oaks Dr., Dallas, TX 75287

Wagging Tail
5841 Keller Springs Rd., Dallas, TX 75248

White Rock Lake Dog Park
8000 E. Mockingbird Ln., Dallas, TX 75218

DENTON

Wiggly Field Dog Park
1760 E. Ryan Rd., Denton, TX 76210

FLOWER MOUND

Lakeside Dog Park at Heritage Park
41047281, Flower Mound, TX 75022

Hound Mound Dog Park
1202 S. Garden Ridge Blvd., Flower Mound, TX 75028

FRISCO

Ruff Range Dog Park
5335 4th Army Memorial Rd., Frisco, TX 75034

FORT WORTH

Fort Woof Dog Park
751 Beach St., Fort Worth, TX 76111

Z Boaz Dog Park
6950 Camp Bowie W Blvd., Fort Worth, TX 76116

GRAND PRAIRIE

Central Bark Dog Park at Veterans Park
7445, 2222 W Warrior Trail, Grand Prairie, TX 75052

IRVING

Irving Dog Park
4140 Valley View Ln, Irving, TX 75038

LEWISVILLE

Railroad Park
4140 Valley View Ln, Irving, TX 75038

MCKINNEY

Bonnie Wenk Dog Park
2996 Virginia Pkwy, McKinney, TX 75071

PLANO

Jack Carter Dog Park
2215 Pleasant Valley Dr, Plano, TX 75023

RICHARDSON

Bush Central Barkway
3581 N Central Expy, Richardson, TX 75023

ROCKWALL

Harry Myers Dog Park
815 E Washington St, Rockwall, TX 75087

SOUTHLAKE

BooBoo’s Buddies Dog Park at Bob Jones Park
3901 N White Chapel Blvd, Southlake, TX 76092

For this and other helpful DFW area information, please visit our Resource Section.

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