Affordable Housing
The new City of Dallas director of housing and neighborhood revitalization, David Noguera, has jumped in with both feet — and seems to have a good handle on what he’s up against. The Greater Dallas Planning Council invited him to address to a group of dedicated local professionals last Thursday, and he made quite an…
Even as the price of new-builds in Dallas remains largely stagnant, a report last month suggests that housing affordability will remain a primary concern for the foreseeable future. According to Metrostudy, the area’s low housing inventory streak continues unabated, and the median home price inches ever upward, reaching $320,600 last quarter. Resale prices of homes…
While overall homeownership rates are shrinking, the decrease is far more pronounced for some minorities, especially black Americans. That’s the takeaway from a recent report from ApartmentList. This racial divide underscores the increasing inequality that plagues the United States. By building equity, homeowners accumulate wealth, leading to the striking fact that the net worth of…
Last week, Seth Fowler wrote about a client of his looking for a home in the sub-$200,000 market close to his job in Bedford. “Ted” had been on a roller coaster of 43 showings and 11 contract offers … still without a home eight months on and counting. In today’s Dallas, it’s a story that’s…
As home prices rise in Dallas-Fort Worth, those who can least afford the commensurate increases in rent and taxes have taken off for the suburbs. According to data from Harvard University’s Joint Center on Housing Studies, while poverty has grown in both urban and suburban areas in North Texas, it has increased far quicker in…
