Good rentals are hard to find, but this gem in the Hollywood Heights will suit your needs and leave a little room in your pocketbook to decorate for the holidays.

Good rentals are hard to find, but this gem in the Hollywood Heights will suit your needs and leave a little room in your pocketbook to decorate for the holidays.

The two-bedroom, one-bathroom abode at 6914 San Mateo Blvd. sits on “a beautiful tree-lined street, close to the park, with a large backyard,” according to Marie Euseppi. She’s leasing the home for $1,800 a month. (more…)

rentalYou can’t always find a Dallas rental that is impeccably updated, zoned for great schools, family-friendly, and budget-friendly. But for this week’s Rental of the Week, we feel pretty confident we’ve found that sparkly unicorn.

This three-bedroom, two bath home in Northwest Dallas has 1,904 square feet of living space, and was remodeled in 2017.  (more…)

Wynnewood HillsSometimes in Dallas, to find a home within a certain price point you have to sacrifice either style or square footage — which is why we were really excited to find this Midcentury Ranch right at the border of Wynnewood Hills and Glen Hills.

With more than 2,000 square feet, this three-bedroom, two bath home at 2111 Trinidad Drive is just minutes to downtown and Bishop Arts, and an easy jump to major highways.

But even better, it’s been updated and renovated to bring tremendous style points for a great rent rate — $1,650 per month. (more…)

caruthSometimes, a townhome feels very much like a glorified apartment. But in the case of The Caruth, a community tucked behind Lincoln Park shopping and a quick drive to NorthPark and The Shops at Park Lane, it feels more like home.

First, there are the amenities — a car detailing bay, resort-style pool with outdoor kitchen, huge fitness room, attached garages, door-to-door refuse pickup, and courtesy patrol for safety. Then there is the layout, with its brick-lined walkways and Georgetown-inspired facades.

And in the case of Unit 516, you also have a deceptively spacious home — while it 906 square feet may sound diminutive on paper, a clever, open layout and light finishes and wood flooring provide a spacious feel. (more…)

Bishop ArtsIf you’re looking to live near Bishop Arts, but have struggled to find something at a reasonable price point, we may have the rental for you.

This adorable blue and white house sits on Kings Highway, close to Kessler, Bishop Arts and Winnetka Heights — and the rent is well worth the ability to hop on your bike and ride over to plenty of shopping and dining (no valet worries for you).

This upstairs unit, listed by Will Butler with Butler Property Company, has been completely redone — hardwood floors throughout, a brick fireplace, and neutral paint colors provide a perfect backdrop for your own furnishings and decor. (more…)

Arlington

(Photo by Park Van Ness)

A study of apartment rent growth over a five year period yielded what may be startling results to some — Arlington was in the top five cities in the nation when it came to rental increases in a five year period.

The report, which was released by ApartmentList.com, found that rents in Arlington are up 28.4 percent over the past five years, the fourth fastest growth rate over that period among the nation’s large cities.

The national index grew by just 13 percent in the same time span.

(more…)

Photo courtesy Charleston's TheDigitel via Creative Commons

Photo courtesy Charleston’s TheDigitel via Creative Commons

DFW rents were 6.2 higher last year, averaging $919 per month, but demand still soared, with North Texas leading the nation in apartment rentals, and vacancies at a 13-year low, according to new real estate research from Zillow and MPF Research.

The increased rent translated to an extra $600 million paid to landlords last year, Zillow reported. For North Texans, that meant a median increase of $35 a month, higher than the nationwide rate of $26.

Rising rents are nothing new, said Zillow Chief Economist Stan Humphries.

“Over the past 14 years, rents have grown at twice the pace of income due to weak income growth, burgeoning rental demand, and insufficient growth in the supply of rental housing,” he said. “This has created real opportunities for rental housing owners and investors, but has also been a bitter pill to swallow for tenants, particularly those on an entry-level salary and those would-be buyers struggling to save for a down payment on a home of their own.”

For 2015, expect more of the same.

(more…)

Renting Vs. Buying screenshot

A friend of mine has been following our recent analysis of demographic groups more likely to rent or buy, especially this story by Candace Tharp and this breakdown of Census info, and sent me a link to this online lecture from a Khan Academy instructor that dissects the costs associated with renting versus buying a home.

The instructor, who lives in Northern California’s Silicon Valley, attempts to compare the cost of renting versus buying two identical homes. About 40 seconds in, though, my journalist spidey sense went off when the instructor started making generalizations and using absolutes, saying “Well isn’t buying always better than renting?”

Well, isn’t Veuve Clicquot always better than Cook’s? I may think so, but that’s just my opinion. 

That’s where the instructor jumps off into criticizing homeowners for peer pressure, Realtors for, you know, wanting you to buy so they can make a living making sure you get the best deal possible for your new home/home you are selling.

Really, this looks to me like not only an oversimplification of a naturally cyclical market, but a gross oversimplification of a very complicated buying process. Heck, the instructor even admits that he’s oversimplifying things. He’s basically bending his logic to his assumptions.

So, watch the lectures and tell me what you think: Is it always better to buy than rent, and what is up with the ridiculous rents in Silicon Valley? I’d move to Texas instead!