Area homebuyers grappling with affordability challenges and lack of diversity in housing choices will soon see significant relief thanks to the Texas Legislature. HB 2439, which passed by overwhelming majorities in the House (133 to 9) and Senate (26 to 5), was signed into law by the governor and becomes effective on Sept. 1.
The new law prevents local governments from enforcing regulations that artificially make housing less attainable for working families by forcing them to choose more expensive products in the design and construction of their home. The law also helps local material suppliers and contractors who were previously limited or prohibited from doing business in some of the area’s fastest-growing cities.
In the hearings that preceded the bill’s passage, much of the opposing testimony came from suppliers and contractors who contended their business depended on local product mandates. Testimony in favor of the bill came from those whose business was correspondingly crippled by them.
From staff reports
What may be a well-kept secret isn’t anymore — one of the hottest neighborhoods in the state, no, the entire U.S. is in Arlington.
A recent Realtor.com report looked at the most sought-after neighborhoods in the U.S., and — surprise — Arlington’s 76018 zip code was the eighth-most sought-after neighborhood in the country.
“These are the kind of places where the average buyers don’t need to auction off their first-born child to have enough money to become a homeowner,” Realtor.com said. “Most offer median prices well below the national median list price of $316,000. But buyers had better be quick, because homes in these ZIP codes are selling much faster than the national median of 56 days on the market.”
And that’s true of 76018, too. We took a gander at how many homes were available in the median price for the zip of $215,050, and found a mere 41 listings in the $200,000 to $300,000 range — and several were already under contract. (more…)