Flower Mound is a popular Dallas-Fort Worth bedroom community known for its country atmosphere, excellent schools and easy access to business centers in both major cities.

"Flower Mound is located northwest of Dallas between Lake Lewisville and Lake Grapevine, both of which offer excellent fishing and water sports facilities," says Realtor Gladys Vance. "Surrounded by golf courses, rural fields and beautiful trees, it has a country atmosphere despite the fact that is one of the fastest growing communities in Texas. It has an award winning 'Exemplary' school system. Located just minutes from the Dallas/Ft. Worth International Airport and the surrounding cities of Coppell, Carrolton, Argyle, Grapevine, Highland Village and Denton. There is easy access to Dallas via The President George W. Bush Turnpike and the Dallas Tollway."

Vance suggests, "Flower Mound has the lifestyle and family atmosphere unparalleled in the Dallas/Ft. Worth Metroplex. Professional sports in the area include the Dallas Cowboys, Texas Rangers Baseball Team, Dallas Mavericks Basketball, Dallas Stars Hockey and Dallas Burn Soccer. Cultural amenities in Dallas include The Dallas Museum of Fine Art and The Morton Myerson Symphony Hall and in Ft. Worth The Kimbell Art Museum and The Bass Performance Hall. Affordable housing in Flower Mound ranges in price from $115,000 to $4,000,000."

Adds Realtor Randy Robertson, "Money Magazine ranks Flower Mound the # 2 city in the western region as place to live. Low interest rates for most of the year have made homes more affordable for many. At the same time, many people decided it was time to move up, putting many more homes on the market.This created a surplus of inventory causing prices of homes to fall. The average time to sell a home increased while first-time buyers had many more choices. This trend is still present and will probably last at least until the spring selling season. Indicators seem to point to interest rates rising in the near future."

"Flower Mound's low tax rate, excellent school system, safe neighborhoods, and quality of life, make it one of the premier cities in the Dallas/Fort Worth Metroplex to live and raise a family," says Realtor Timm Baumann. "The population of Flower Mound has grown from 15,527 in 1990 to an estimated 53,000 in 2001, with an average annual growth rate of 12.8 percent. Close proximity to Dallas/Fort Worth International Airport and Alliance Airport and development-ready land has contributed to this phenomenal growth. The vision of Flower Mound is to preserve its unique country atmosphere, heritage, and quality of life, while cultivating a dynamic economic environment."

About the market, Baumann advises, "As 2004 gets underway, we're seeing the housing market steam ahead at a pace which is brisk, yet slightly off the peak of activity in 2003. In terms of the economy, nearly all indicators are positive, with analysts eagerly looking forward to employment releases, which will reveal the pace of job growth. Other measures of economic health, such as GDP and consumer confidence, remain strong."

He explains, "Mortgage rates have held at historically low levels and will continue to fuel purchase and refinance activity. With rising home prices compromising some of the affordability benefits of low mortgage rates, the strong economic and employment growth expected in 2004 will be necessary to support consumers' capability to afford home purchases when mortgage rates eventually raise. For the time being, we anticipate rates will stay within the comfort zone of most homebuyers. With the economy gaining a strong foothold and mortgage rates remaining low, new and existing home sales have remained relatively strong. While sales for both new and existing homes have moderated in the last several months, they are still at historically high levels, and annual sales figures for 2003 outpaced the previous year handily. The Housing Market Index finished the year at one of the highest levels in nearly four years giving homebuilders plenty to cheer about. Though home sales activity slipped a bit between November and December, builders' perceptions of the housing market remain high. Existing Home Sales were up in December, an unexpected reversal of several months of moderation."

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Published: March 3, 2004

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