The latest PD-15 meeting was interesting and odd. Unlike in prior meetings, this session was more of a conversation between committee members and city staffers Andrew Ruegg, Neva Dean and City Plan Commissioner Margot Murphy. It was a chance to ask questions of staff and each other to explore the next steps and possibilities moving forward.

It was also a time to debunk some misinformation. Personally, I think the more free-flowing conversation was needed. The committee had absorbed plenty of information from the city and the neighborhood, and needed to make some sense of it to begin piecing it together. (more…)

north texas

(Photo courtesy VisitFrisco.com)

How did North Texas fare in a ranking of overall best housing markets in the U.S.? How far has the Dallas-Fort Worth apartment market come in recovering after the recession? How much of their income is the average Dallas-Fort Worth homeowner spending on housing? All this and more in this week’s review of real estate news. (more…)

BoomHow big of a boom is Dallas experiencing? What North Texas town had more housing voucher denials than the other metros tested in a recent study? How does Dallas compare to the rest of the country when it comes to rental increases? How does Texas rank among big states when it comes to information you can get about your Realtor?

We’ll check all of that out in this week’s look at real estate news. (more…)

Southlake-based Napali Capital acquired the Westwood apartments in Dallas last month, increasing its Texas portfolio to three properties (PRNewsfoto/Napali Capital, LLC).

In an area where more affordable housing is dear, it’s becoming more and more rare to get a press release announcing that someone is entering that market in Dallas. But Napali Capital, a Southlake-based investment firm, has done just that — twice.

Last month, the private investment firm announced the acquisition of the Westwood Apartments, a 187-unit property consisting of one, two, and three-bedroom apartments. It’s adjacent to Briar Gate Park, and is near grocery stores, schools, and shopping.

It’s also not a luxury property. Neither is the Adira, the 164-unit property in Dallas Napali Capital acquired last November. Nor is the Monterrey, a property in Fort Worth the firm acquired in March 2017.

“I would say we’re more of a B class operator, and some C,” said Napali Capital co-founder and managing partner Dr. Thomas Black. “We’re not strictly affordable housing — I would say we’re more middle of the road.” (more…)

cool downEver since reports that home sales in the Dallas-Fort Worth market (and nationally, too) slowed in June, there has been a steady flow of stories proclaiming doom for the market. But is it really a cool down?

For our July 27 Friday Question, we took to Facebook and asked our readers what they thought about the reports.

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Even though housing sales in Texas fell 3.2 percent, demand is still strong, the Texas A&M Real Estate Center’s June Housing Insight revealed. The same report revealed that Dallas’ affordable housing problems aren’t anywhere close to abating.

The report said that the Texas Residential Construction Cycle (Coincident) Index reached its highest level since 2008 last month, largely thanks to construction employment and wages. The index measures current construction activity in the state.

Housing shortages seem to have spurred an increase in supply activity, as the inventory of vacant developed lots rose 3.3 percent in Dallas-Fort Worth. However, single-family housing construction fell 1.8 percent in the second quarter. Texas is still at the top of the market with 16 percent of the national total for permits, though, and Dallas-Fort worth comes in at a strong second to Houston’s permit activity with 3,295. (more…)

Financial site WalletHub ranked 182 of the largest U.S. cities to find the most stressful places in America, and found that Plano is the least stressed city in Texas. Houston was ranked the most stressful city in the state. Oh, and the sky is blue. These are things we already knew.

Based on data, WalletHub found the three most stressful cities in the U.S. were Detroit, Newark, and Cleveland. What makes a city stressful? Citywide factors you’d expect such as high rates of unemployment and underemployment, long commute times, and lack of affordable housing. There’s more personal factors that cause stress like personal bankruptcy, foreclosure, poor health, and divorce.

Then, there are the quirky factors that WalletHub evaluates like percentage of binge drinkers (yes, that’s you with your box wine-a-weekend habit), median credit score, obesity rates and share of adults getting inadequate sleep that make writing about WalletHub’s lists so interesting.

People in Plano report lower levels of stress at work, less financial woes, happier families and better health and safety than any other city in Texas, according to the July 2018 study. The new ranking comes after Plano was named one of the happiest places in the United States.

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Pop up homeless shelters may soon be coming to recreational centers all over Dallas, including North Dallas and the fringes of Preston Hollow — Fretz Park, Campbell Green, Timberglen, Walnut Hill Recreation Center, Churchill Recreation Center — if a current proposal from the newly created Office for Homeless Solutions to house Dallas’ homeless is approved by the Dallas City Council.

Why?

Apparently downtown Dallas residents who live with problems created by Dallas’ growing homeless population have encouraged the OHS to “spread them around Dallas.” (more…)