If you loved “Lord of the Rings,” then you should probably book a night or two at this McKinney Airbnb.
The home is the ultimate place to stay for those who love JR Tolkien.
You’ll find a variety of unique features in this home, including a handmade round door, handmade round bed, decorated Tellis entrance and very low ceilings. The listing points out that some of the ceilings are as low as six feet high.
In the backyard there is a patio area where there’s a garden and even a chicken area, the listing says.
This place fills up quickly so you may need to look out a few months to book your stay. Costs per night are around $180.
2021 was an unbelievable year for rural land sales in Texas, but are things slowing down?
In 2021, rural land sales topped sales in 2020 by 17.8 percent, according to the Texas Real Estate Research Center at Texas A&M University.
What's pretty incredible about that growth is that the fourth quarter of 2021 saw 953 fewer sales than the same period of 2020.
The Texas Real Estate Research Center said there were 9,055 Texas land sales in 2021. But in the fourth quarter of 2021, Texas recorded 1,283 rural land sales, fewer than the 2,236 sales in fourth quarter 2020.
"Fourth quarter 2020 was crazy," said Dr. Charles Gilliland, research economist with the Texas Real Estate Research Center at Texas A&M University. "So anything near normal looks pretty calm by comparison. The fourth quarter 2021 drop may just be the result of a lack of inventory to sell."
Last year in Dallas, homes made significantly more money than the average worker did
Want even more proof just how wild the real estate market has been in Texas? In 2021, on average, homes in Dallas appreciated for more money than the average resident actually made.
That's according to a new study by Zillow that showed home value appreciation in 2021 was higher than median incomes in 25 of 38 major metropolitan areas studied by Zillow. In fact, appreciation reached higher than $100,000 in 11 of those cities.
In the Dallas/Fort Worth area things looked like this:
• Home Value Growth December 2020 – December 2021: $69,488
• Median Pretax Income in 2021: $50,000
Yes, you read that correctly. Those living in the metroplex saw their home appreciate $19,000 more than the median salary in the area.
San Jose had the highest difference in appreciation vs. median income at $93,000.
The story for renters matched the home appreciation growth. Zillow said rents rose 16% across the US in 2021. Locking in a one-year lease on a typical US rental cost $3,072 more at the end of the year than the start of the year.
Zillow said down payments rose by more than $10,000 in 2021 for a typical 30-year fixed mortgage.