Affordable Housing
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…
When I was in high school, my boyfriend and I decorated the newspaper office by hand — he was editor in chief, I was executive editor. We papered the walls with his impressive collection of famous newspaper pages. The office was not huge, but we covered every wall and shellac’d over it all. This was…
