Rents are on the rise in Fort Worth, making it one of the top 25 cities out of the 100 largest in the U.S. where one-bedroom rents are rapidly increasing. We look at that, as well as who made the cut as the richest person in Texas, and what company is making a foray into Texas real estate now, in this week’s roundup of real estate news. (more…)
It may not be a new phenomenon exactly, but grandparents making big moves to be closer to grandchildren have a relatively new term — “baby chasers.”
In fact, real estate research firm Meyers Research recently released its Meyers Baby Chaser Index, which indicates that 25 percent of Baby Boomers will likely retire to be near their grandchildren, even if it requires a state switch.
Dallas, the firm said, was at the top of the list, along with Charlotte, North Carolina; Austin; and Nashville, Tennessee. “Dallas’ growth decelerated in the latest data for both age groups but remains among the highest in the country,” Meyers said. (more…)
Apartment rents in Dallas have increased slightly, but the city is still a relative bargain compared to other spots in North Texas, a recent analysis revealed.
Rents in Dallas have increased 0.5 percent from April to May, and are up 1.6 percent year-over-year, Apartment List said in its May rent report. The median two-bedroom rent is $1,120, a relative bargain compared to the many spots in Dallas-Fort Worth.
For instance, Grand Prairie has had a year-over-year increase of 3.1 percent, with a two-bedroom having a median rent of $1,260, and one-bedrooms going for $1,010. Plano’s median rent for a two-bedroom apartment was $1,440, up 0.3 percent over the past month and 2 percent year-over-year.
Statewide, rents increased 1.5 percent year-over-year, growing 3.5 percent in Austin, 2.4 percent in San Antonio, and 0.1 percent in Houston.
Apartment locating service Abodo gave nationwide context using data pulled from searches of apartments listed on its site, finding that nationally, one bedroom rents have increased 3.77 percent year-over-year, moving from a January median of $1,035 to $1,074 in May. From April to May, rents on one-bedroom units rose 1.06 percent.
However, the service found that rents on the once-hot two bedroom market had actually slowed a bit, with the median national rents decreasing from $1,239 in April to $1,325 in May, with a yearly increase of 4.08 percent.
Sean Kirkham grew up in the home building industry, watching his grandfather build custom homes. The time and detail his grandfather put into his strenuous work didn’t go unnoticed by the impressionable young man. But years later when his grandfather was fighting a battle with cancer, Sean felt the strain of watching his once-active loved one struggle to get around his own house while aging-in-place.
“Working in the industry, there’s a lot of wear and tear on your body,” Sean says. “Knee and hip replacements, and that sort of thing. But he was fine at home. It wasn’t until my grandfather’s diagnosis and getting further along in treatment that his muscles became weak. He just couldn’t get around the house very well.”
Sean’s mother Deborah stepped up to help her own mom, who was already struggling with Parkinson’s, take care of her ailing father. But Deborah and her son Sean were suddenly thrust into the unfamiliar world of caretaking.
“We felt so uninformed about it,” Sean says. He and the family started looking into possible solutions, evaluating whether the elderly duo would have to move out of their home to somewhere that’s easier to navigate with limited mobility.
“We’re all thinking we gotta do something, move them, or do something around the house because we’re worried sick about them injuring themselves,” he says. “But they weren’t ready to move to assisted living. They wanted to live in the home their children grew up and where they built their lives.” (more…)
Dallas proper posted moderate rent increases, but it was the area suburbs and exburbs that saw the biggest apartment rents in 2018, RentCafe revealed in a recent report.
Flower Mound posted the highest rent at $1,526 (despite only having a minimal increase of 0.1 percent), higher than Farmers Branch and Frisco with average rents of $1,382 and $1,343, respectively. In Coppell, rents have stagnated, decreasing by 1 percent year over year. (more…)
Dallas rents are up, but Plano’s are higher, the City of Dallas is holding a workshop to help citizens navigate city services, and the latest Realtor confidence survey is out — and we have all this and more in this week’s roundup of real estate news.
A few weeks ago, I got an email from Katy Hancock, a PTA officer at Merriman Park Elementary School, the kind that I love to get.
In it, she told me about how three parents (who just happened to be experts in their fields) banded together to spearhead a makeover of the teachers’ lounge — a teachers lounge that was sad, dark, and dysfunctional.
“The PTA had a little money left over at the end of the year,” Hancock said. “We thought maybe we could get a few cabinets and a new countertop.”
But then Kim Armstrong, a parent and owner of Kim Armstrong Interior Design, offered to manage the project.
“Kim stepped in, some amazing MPE families stepped up, and OMG…we have ourselves one very amazing teacher’s lounge,” Hancock said.
“Their contributions and a whopping PTA budget of $2,500 made this possible,” Hancock said in her email.
I took Johnstone up on her offer to see the completed space in person, and met with her, Kellogg, and Armstrong in the now bright, cheery room that is a vast improvement for the 60 teachers that use it. (more…)