Photo courtesy Flickr/Woodleywonderworks

From staff reports

How much do you need to make per year to afford a home in Dallas? According to one report, less than $60,000.

But is that true? According to CNBC Make It, they’ve identified 15 cities where the qualifying income to purchase a home with 10 percent or 20 percent down is an annual salary of $60,000 or less. 

They’ve based this determination on data from the National Association of Realtors’ Metropolitan Median Area Prices and Affordability index. It also assumes a 4.1 percent interest rate, and a monthly principal and interest payment that is 25 percent of a homebuyer’s income, or less.

According to CNBC’s number crunchers, Dallas made the list. And it’s not too surprising, after all, another study from Zillow found that someone with a high school diploma and no college hours at all could afford (in theory) to buy a home in Dallas.  (more…)

newspaper

The former New York Daily News printing press building in Brooklyn, New York, became Newswalk, luxury condos, in 2002.

It’s been a month and a day since it was announced that Ray Washburne’s Charter DMN Holdings had purchased the former Dallas Morning News headquarters on Young Street. 

Known by many as the “Rock of Truth” because of the words etched on the front, Washburne’s company purchased the campus for $28 million, paying $5.6 million in cash paid today at closing, and a two-year promissory note for the remaining $22.4 million.

Photo courtesy Wikimedia Commons

At the time, nobody knew for certain what Washburne intended for the building, although he had said he valued the George Dahl-designed building and would work it into any plans he had.

We reached out Saturday, and Washburne told us that while he knew what he was going to do with the structure, he wasn’t ready to divulge.

But since we’ve taken a look at how architects and developers have reimagined old churches, abandoned malls, and mothballed schools, we thought, why not talk about what you can do with an old newspaper building.

Now, first things first. The building sits on what could be (depending on what goes on near the old Reunion Arena site and other spots nearby) quite the downtown hot spot. So whatever Washburne has up his very experienced sleeve will, of course, take that into consideration.

Today’s exercise, however, is just to take a peek at what fate has befallen other empty ink-stained environs across the country, and try to imagine what could be.  (more…)

A glass house in the woods sounds like the kind of place where dreams come true.

The two-bedroom, two-bathroom Dallas home at 2636 Gladiolus Lane could be the place where a novel is finished. It could be the site of a reception for a young, up-and-coming artist. It could definitely be a scary movie set – or a romantic comedy, if that’s more your taste. It already has been the site where a patented six-suit deck of cards was created and a real estate business was launched. (more…)

Midway HollowHow hot is Midway Hollow still? We put a pin in two listings for this week’s Splurge Vs. Steal last week, and by this weekend, both had offers.

So back to the drawing board.

Luckily, there are homes in all sizes and price ranges still in this tree-lined neighborhood that boasts three terrific public elementary school options (including one school — Walnut Hill Elementary — that is in contention to be a National Blue Ribbon school). The neighborhood is hot because not only is the dirt still a relative bargain, but because the neighbors frequently band together whenever it’s needed, mature trees are abundant, and it’s an extremely family-friendly spot.

So which Midway Hollow home will you choose this week — our tall new construction Splurge, or our cozy original 1950s Midcentury Bungalow?  (more…)

PlanoPlano hits the top 20 when it comes to best places to rent, we have a look at June’s single-family and multi-family housing starts, and homeownership is up for one key age group. We have all this and more in this week’s roundup of real estate news.

Best Places to Rent? In North Texas, Start in Plano

Source: WalletHub

If you want to look for the best places to rent in North Texas, you’re going to need to head to Plano, where the city came in 19th out of 180 cities in a new report on the best and worst places to rent by personal-finance website WalletHub. (more…)

LakewoodKendra Benningfield was admittedly very new to homebuying when she saw her Lakewood townhouse for the first time — but she knew that it had good bones if the right person got ahold of it.

And she knew she was that right person.

“I originally found my place while living in Uptown and realizing I wanted to be in an actual neighborhood/community,” Benningfield recalled. “I was very green when it came to home buying so I just started looking on Trulia.”

“After a few hours of scrolling the map around to see what would pop up, I happened across this amazingly well built Charlestonian townhouse smack dab in the middle of Lakewood.”

But it wasn’t completely love at first sight. However, Benningfield knew she could put her stamp on the interior of the home.

“It was very closed-in when I purchased, but I knew the bones were there,” she said. (more…)

RogersDallas ISD’s Dan D. Rogers Elementary is a quiet powerhouse of a school that, helmed by 2016 Principal of the Year Lisa Lovato, uses personalized learning to help students learn at their own pace, and in ways that interest them the most.

If you’ve never heard of personalized learning, one of the simplest ways I’ve ever heard it explained was that it was what would happen if Montessori and a STEM school had a really smart baby.

Photo courtesy Dallas ISD

(more…)

North TexasJust yesterday we noticed something — our usual slow summer just wasn’t happening. The market here in North Texas is still moving quickly. 

If you’re a Realtor, you may be wondering how your listing will stand out among the sea of open houses and other listings. Fortunately, we have some answers, and one of them is super simple — pitch us!

We have a great Facebook group, Getting the Dirt, that offers Realtors the opportunity to share their new listings and such with not only the staff of CandysDirt.com, but also fellow Realtors. We also love it when you tag us on your Instagram posts about your listings — as some of you can already attest, we frequently end up connecting you with a writer.

And of course, if you’re really wanting to pull out all the stops, there are always advertising opportunities, too. 

This week’s CandysDirt.com Open Houses of the Week were pitched by Realtors through social media. Which one will you check out?  (more…)