DESERVES A WORLD CLASS TEAM A WORLD CLASS NEIGHBORHOOD

John P. Whiteside c 214.725.5018 jwhiteside@briggsfreeman.com

Kelley Theriot McMahon c 214.563.5986 ktmcmahon@briggsfreeman.com

Anne Lasko c 214.597.8842 alasko@briggsfreeman.com

Lauren Valek Farris c 469.867.1734 lfarris@briggsfreeman.com

Robert Fackler c 214.507.4087 rfackler@briggsfreeman.com

Angela Thornhill c 214.769.7840 athornhill@briggsfreeman.com

Kevin Sayre c 214.384.2657 ksayre@briggsfreeman.com

Lou Alpert c 214.738.0062 lalpert@briggsfreeman.com arket indicators… whether seen in global monetary policy or the number of construction vehicles lined up around the neighborhood, help us understand the current, and future, landscape for home buyers and sellers. Today, almost all indicators are pointing toward continued growth in residential sales and building, with one significant negative—an ongoing lack of inventory.

Atlas of Activity

The world market continues to gain strength, confirming that 2014 will likely be a positive one in global real estate markets. Around the world aggressive monetary policy is easing, and pentup demand is also helping to reinvigorate global property markets.

National Outlook

Through the end of the year, expect about a 4 percent increase in existing-home sales, to 5.2 million, up from nearly 5 million in 2013. Prices will likely rise by about 3 percent to 5 percent—a steady pace that falls in line with historical trends. Nationally, the supply of homes for sale stands at five months’ worth, which slightly favors sellers. Newhome sales are likely to climb by about 16 percent following a whopping 36 percent increase in 2013.

In the Neighborhood

As of the first week of May, more than 222 properties have sold this year in East Dallas neighborhoods. At the same time, only 132 homes were listed for sale. These numbers mean that Lakewood is experiencing a strong market that favors sellers, who’ve seen home values rise 51 percent in January 2014 over the same time in 2013 according to MLS.