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…)

Frisco was named the best city for raising a family, closely followed by Allen, and Southlake as part of a new 2018 “best Texas cities” list, ranking the best and worst Texas cities for families. Wallethub, a D.C.-based personal finance site, compiled the new June 2018 report that ranked the 117 largest cities in Texas based on family life, fun, education, health and safety, affordability and socioeconomic environment.

What makes a city good for raising a family? Plenty of attractions such as museums and theaters, a quality school system, high graduation rates, number of playgrounds per 100,000 residents and a whole lot of pediatricians were all factors that Wallethub took into account when it named the best Texas cities for families.

While the weighted scores and rankings provide a holistic view of cities, a look at the raw data we requested provides some interesting headlines as well. Missing from the list is Highland Park, which did not rank among the largest cities in Wallethub’s data.

Eagles vs. Dragons

Turning to education, Allen had the number one highest graduation rate in Texas – 96.6 percent, according to Wallethub’s data. Frisco, the overall number one, has a 91.8 percent graduation rate, and Southlake, overall number three on the list, had a 87.3 percent graduation rate, according to Wallethub. (more…)

When searching for a place to call home, most renters start with a price range in mind. Although the importance of staying within your budget is universal, the options available at different price points vary across the Dallas metro.

To illustrate this point, Apartment List crunched the numbers to find out how much space you can get for $1,500 in different parts of the Dallas metro. It’s no surprise that you have to sacrifice size for location to rent a luxury loft in downtown Dallas, where a 1,020-square-foot, one-bedroom runs $1,500. Meanwhile, you can spread out in a 1,410-square-foot, three-bedroom apartment in Fort Worth for the same price.

For a more thorough breakdown, we’ve selected specific examples of units in six Dallas-area cities near the $1,500 price point and close to each city’s average square footage.

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Scott Homebuilders, a CandysDirt.com Approved Builder, will have eight new custom homes on the market.

 
By Amy Rose Dobson
Special Contributor
 
The high-end developer Scott Homebuilders is in the process of delivering eight custom homes that meet the dual purpose of providing a luxurious place to live all while staying within affordable price guidelines. We’re excited to show you one of the first ones to deliver and give you a peek inside to see how Scott Homebuilders were able to create such a masterpiece. 
 

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Ebby Halliday Grows and Expands | CandysDIrt.com

Ebby Halliday Realtors is growing and reinvesting in new offices and renovations. This photo was taken Oct. 26 at the groundbreaking of their new Allen office. All photos: Ebby Halliday Realtors

The unprecedented growth in the Dallas-Fort Worth real estate market is buoying one local brokerage, which in turn is reinvesting in offices and agents.

Ebby Halliday is one of the largest and most dynamic brokerages in North Texas with 31 offices, over 1,800 agents, and 12 percent of the market.

“We just had a fine fiscal year, closing Sept. 30, thanks to the very dynamic DFW economy,” said Ebby Halliday Chief Financial Officer Ron Burgert. “Volume-wise, it was just a shade better than the prior year and we closed in the area of 20,000 units.”

The overall sound financials of Ebby allow the company to undertake the construction and refurbishment of quite a few offices around North Texas, underscoring the company’s commitment to the region and signaling its plans to remain one of the top brokerages nationwide.

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Best real estate markets 2016

Nearly a decade after the housing crisis that sent the U.S. economy into freefall, housing is most certainly back—just look at our DFW market. Citing U.S. Census Bureau data, the New York Times recently reported that sales of new single-family homes nationwide were higher this past July than in nearly 10 years.

Nationwide, a company that tracks the health of U.S. real estate, reported at the end of quarter two that “the overall U.S. housing market is sustainable,” adding that “few regional housing markets are vulnerable to a housing downturn.”

In a new study, financial services site WalletHub compared 300 U.S. cities across 16 key metrics to help prospective home buyers find the most attractive real-estate markets. Their data set ranges from “median home-price appreciation” to “housing affordability” to “job growth.”

North Texas cities scored big: Frisco, McKinney, Richardson, Allen, and Plano made their top-ten list of best real estate markets nationwide in 2016. Denton, Carrollton, Fort Worth, Irving, Grand Prairie, and Dallas scored in the top 50.

So what made DFW cities score so high?

“North Texas cities have healthy and sustainable real estate markets,” said WalletHub analyst Jill Gonzalez. “Very few homes have negative equity, home appreciation in the past seven years has continued to increase, and foreclosure rates are extremely low. In addition to having a healthy real estate market, these cities are affordable with low maintenance costs and cost of living. Not to mention, the economic environment in North Texas is thriving, boasting some of the lowest unemployment rates in the country (under 3 percent across the board).”

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We’ve been talking about this trend for some time, but thanks to the business-friendly environment Great State of Texas and our fantastic job market, more people are moving to our state from areas where there are fewer jobs and houses cost a whole lot more.

And of course, when more people relocate to Texas, that means more real estate clients. A total of 138,057 new clients according to the statistics from the Texas Association of Realtors’ “Texas Relocation Report.”

The report, which uses data from 2013 American Community Survey, the 2008-2012 American Community Survey 5-Year Estimates by the U.S. Census Bureau, as well as the U-Haul 2013 National Migration Trend Reports shows that Texas is outpacing Florida, California, Georgia, and North Carolina in the number of people moving from out of state.

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Azle News Front Page

Photo: WFAA

Several North Texas homeowners, especially those in Azle and near Eagle Mountain Lake, are concerned that expanded shale gas exploration and hydraulic fracturing may be causing the rash of seismic activity that has these communities all shook up.

To address these concerns, the Texas House Subcommittee on Seismic Activity is holding a hearing today at 1 p.m. The committee, headed by State Rep. Myra Crownover (R-Denton), will listen to expert testimony on the subject. Here’s what the agenda says:

“Study the current conditions surrounding the increased seismic activity in
the Barnett Shale and other areas of the State. Specifically, review the
possibility that increased exploration and disposal well activity could
impact seismic activity. The committee shall review active oil and gas
activity and injection wells in areas experiencing increased seismic
activity.”

The increased seismic activity has some homeowners worried about their home values, which has many considering updates to their homeowners insurance policies. Earthquakes, much like floods, aren’t usually covered in typical homeowners policies, so if you think your home is at risk for earthquake damage, you might want to read our piece on how fracking-related seismic activity is sending tremors through insurance companies.