Reinvestment Fund’s Market Value Analysis of Dallas neighborhoods.

On Monday, the City of Dallas hosted the first of four virtual town hall meetings to gather community input for updates to its Affordable Housing Strategy. It comes less than two weeks after the Jan. 17 Dallas City Council briefing on a Market Value Analysis report by Reinvestment Fund, a nonprofit conducting this research and analysis for cities across the U.S. The data tool is playing a leading role in the development of the City’s new 3-year rolling strategy.

The technology used for the meeting was especially impressive. I’m a little concerned how the city had my number to begin with, but once I opted in by text, it was seamless. I received a call at the appointed time, watched at dallascitynews.net or on Facebook live, could easily ask questions, indicate I wanted calls for future meetings, and even submit my email for followup info – they hired the right consultants to put this together.

The three upcoming meetings will go a little more in-depth than the first topic, “How Residential Development Gets Financed”, or what I’d call “Introduction to the Housing Market.” (more…)

Photo courtesy Patrick McDonnell/Downtown Dallas Inc.

Photo courtesy Patrick McDonnell/Downtown Dallas Inc.

If the last year is any indication, 2015 is shaping up to be another banner year for real estate development in Downtown Dallas.

This is according to downtown advocates, urban planners, and real estate and development experts, who gathered Friday to talk about city living in downtown at a panel, sponsored by the Dallas Business Journal.

Moderated by John Crawford, President and CEO of Downtown Dallas Inc., an advocacy group for Downtown Dallas, the panel shared candid insights into past successes, lessons learned, and where the area is headed in the future.

“There’s a pretty distinct spirit and energy in Downtown Dallas and we’ve reached a point of permanency, as far as what downtown has become,” said Crawford. “Residentially, we continue to be about 94 percent occupancy in all the buildings that have been converted and the new construction and depending on who you talk to, we have between 6,000 and 8,000 units under construction from 2015 to 2017. There’s an urban lifestyle that is continuing to catch on down here.”

Panelists included Theresa O’Donnell, Chief Planning Officer for the city of Dallas; Yogi Patil, an Associate at HKS Architects Inc.; Steve Shepherd of the Downtown Residents Council; and Michael Tregoning, President of Headington Company. Jump to read more!

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According to Hexter-Fair Title Company, total sales for the region are already surpassing 2011 numbers.

I love Dallas, y’all.

We’ve got a lot of things going for us. Take our beautiful Arts District, our growing Southern sector, and our rebounding downtown, for example. And according to Standard & Poors/Case-Schiller Home Price Indices, Dallas is maintaining its ground when it comes to residential real estate.

In the S&P/C-S report released today, nationwide, home prices are dipping by 3.5 percent over the past year ending in February. In Dallas, though, prices were flat.

Normally, when people say that something was flat, it’s more like, “Meh, things are flat. Whatever.” But y’all, I’m sure Atlanta would LOVE for their home prices to be flat. If you bought a house there in the past year, it is worth 17 percent less today than a year ago. SEVENTEEN PERCENT LESS! Crazy.

And while S&P says Dallas’ market is flat, well, Hexter-Fair Title Company is a bit more optimistic. In a presentation to Allie Beth Allman agents last week, numbers culled from NTREIS reports show that total residential sales for 2012 are already surpassing 2011 sales through February. Some agents are even saying that sales are actually up 5 percent if you follow MLS numbers.

Really, though, it’s evidence of what many agents have been telling us for weeks: It’s a seller’s market, and there’s a lot of new buyers looking for quality homes. And boy, do we have the inventory!

So far, 2012 is off to a good start, and as long as the world doesn’t end, it looks to be a great year for Dallas Dirt! Do you agree?