NBG Properties

The Dallas area offers something everyone can enjoy. Over the years it has become a unique assortment of cultures, religions and lifestyles, making its diversity the most attractive feature to visitors, natives and new real estate owners.

The authentic arts, music, food, places of worship, historic landmarks and urban lifestyle of Dallas all contribute to the city's makeup. As the Southwest's leading business & financial center, it boasts the largest wholesale market in the world, home to DFW International Airport & lays claim to being one of the top convention cities in the United States. Accommodating & comfy, it is a place offering endless opportunities to anyone looking to further an established career, raise a family, find realty or pursue new life interests. The Dallas real estate options are endless with various suburbs & inner city homes listings.

Unlike other areas, the Dallas area market continues to grow and expand. We have the 8th highest population in the US (approximately 1,015,944), we are the second largest city in Texas, we rank third in the nation for the number of Fortune 500 companies headquartered here, we are second in the US for convention activities, second in telecommunications and manufacturing, we have the largest wholesale merchandise mart in the world (approximately 9.2m square feet), the second busiest commercial airport in the world (DFW International Airport), and no State utility tax or income tax (corporate or personal). Nancy is a Pinnacle Producer who does upward of $15m in sales standardly and will work hard to help you with the perfect home, condo, luxury residence, or investment property.

Featured News

Highland Park Featured in CNN Money - See here

HAPPY NEW YEAR!

The week began with truly lackluster market performance on the low-volume, last trading day of 2007. This brought in the year's final numbers: the Dow, up 6.4%; the S&P 500, up 3.5%; and the NASDAQ, up 9.8%. Not bad actually, considering the crazy volatility.

After the New Year's close, stocks slid Wednesday with the ISM Manufacturing index showing slight contraction and oil hitting $100 a barrel. The Dow shaved off 220 points and Santa Claus got sent home with one day left for his namesake rally, which clearly wasn't going to happen.

Side note: With oil at $100 a barrel, everyone's freaking out. Let's get real. First, this is not an all-time high--it's still lower than the inflation-adjusted high of nearly $103 per barrel back in 1980. Next, please observe that price hikes in crude on the commodities market are not necessarily reflected in price hikes at the gas pump. Gas was at $3/gallon when oil was at $65/barrel. Oil went up 60% in 2007, yet gas is up just a tick above that $3. Finally–good news!–it's taking less crude oil to make a gallon of gas. That's because gasoline now has a higher content of renewable, non-petroleum products!

Thursday, new jobless claims fell to 336,000 and factory orders rose for the third straight month, but concerns over the economy still kept stock prices down. Then Friday's weaker than expected jobs report sent stocks plummeting. Suffice it to say, unemployment creeping up to 5% (still not a bad number) was the culprit, in spite of the fact that non-farm payrolls rose 18,000, the November payroll gain was revised upward to 115,000, and the ISM Services index showed solid growth in our non-manufacturing sector. Go figure.

With all the investor fretting, the Dow ended the week at 12,800.18, down 4.2%. The S&P 500 was down 4.5%, to 1411.63. And the NASDAQ crunched down to 2504.65, off 6.3%.

True to form, this rotten stock market performance sent bond prices up, as investors flocked to a safe haven. This sent yields down, with the benchmark 10-year Treasury at 3.865%, ALMOST hitting its lowest level since early '04, but not quite. It appears mortgage rates will continue to stay at attractive levels.

The S&P/Case-Shiller Home Price Index, which measures only 20 markets, had home prices as of October down 6.5% from their peak, which they say was June 2006. That's a price drop of less than 4.9% on an annual basis. And the fact is, the median price for existing homes went down only 1.9% in '07, as reported here last week. Fannie Mae's CEO said he thinks prices could drop 4–5% this year. Others see the median price for existing homes going up 0.3%.

While these numbers are nothing to throw a party over, they all contradict the media's erroneous home price MELTDOWN. Especially when you consider that the average home in the U.S. increased 100% in value in that last 10 years and in California, it did it in 6 years! 

We can all take some solace from the fact that the Conference Board's Consumer Confidence Index rose in December, the first time in five months, from 87.8 to 88.6. And the number of consumers expecting an IMPROVEMENT in business conditions in the next six months rose to 13.8% in December. If the media would only give some of these folks a little airtime! Don't hold your breath.