A recent report shows Dallas taking a top spot in the best cities for senior citizens to live, retail leasing continues an upward trend, and Dallas 20-somethings are more likely to live with their parents than a spouse, all in this week’s roundup of real estate news.

A recent report shows Dallas taking a top spot in the best cities for senior citizens to live, retail leasing continues an upward trend, and Dallas 20-somethings are more likely to live with their parents than a spouse, all in this week’s roundup of real estate news.

Senior Citizens Choose Dallas As A Favorite Place To Live

Regardless of income, there are plenty of residential options in Dallas.

There are traditional and modern homes, mansions and studio apartments, furnished high-rise rentals and starter homes with space to build an in-ground pool.

There are, in fact, 185 senior living options in the Dallas area, according to a recent report issued by Caring.com.

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Dallas makes the top 10 cities for techies, mortgage rates are on the rise, and D/FW scores a spot in the Urban Land Institute’s top 10 markets for 2020, all in this week’s roundup of real estate news.

Dallas makes the top 10 cities for techies, mortgage rates are on the rise, and D/FW scores a spot in the Urban Land Institute’s top 10 markets for 2020, all in this week’s roundup of real estate news.

Silicon Valley Is So Yesterday; Techies Flock To Dallas

Tech jobs with competitive salaries are spread out throughout the U.S. and include several cities that don’t start with “San” or end with “Francisco.”

While the national median home listing price is about $315,000, you’ll be dropping $1.4 million for a spot within the San Fran city limits.

A study on the best cities – where techies can afford to live – ranked communities based on the number of people employed in the tech sector, number of public tech companies, percentage of tech job listings, average tech job salaries, and median home list prices.

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Ash CreekJeremiah Hobbs with United Realty shared his latest Ash Creek Estates listing recently, and we immediately asked for more details. The 14-year-old Modern has been on the market a little more than a week, and between the gorgeous lot, the beautiful home, and the Casa Linda amenities, it’s a home that is attracting a lot of attention.

It’s rare, Hobbs said, that a home such as 562 Ash Creek Drive comes available in the area, which is adjacent to Casa Linda. And this home has so much going for it, with enough unique features that someone is going to want to snap up in a hurry.

For instance, he said, “the unique design.”

“It includes a 30-foot-long koi pond that flows through the house,” he said. “Large glass windows provide an abundance of natural light and tranquil views.” (more…)

Lancaster

Photo courtesy City of Lancaster

Lancaster Mayor Clyde Hairston is darn near poetic about the city he’s called home for more than three decades, and he’s not shy at all about telling people how great the city is.

Lancaster Mayor Clyde Hairston (Photo by Bethany Erickson)

“Neighbors know each other,” he said at a recent gathering of local business leaders, city leaders, and press. “It’s a special place that I’ve called home for more than 30 years.”

“We are the shining star in Texas, located in a golden box, and there are golden opportunities here in Lancaster.”

That “golden box” Hairston is referring to is Lancaster’s geographic location — bordered by I-20, I-45, I-35, and Loop 9, the city is geographically primed to be a key location for businesses and homebuyers looking for a shorter commute to downtown alike.

And with that location, community leaders are ready to tout the 15-minute commute to downtown, the good schools, and the affordable real estate, as well as its family-friendly parks and recreation, which includes a 170-acre community park with a 6-acre pond and fishing pier, walking trails, waterside amphitheater, youth football and soccer fields, picnic pavilions, playgrounds, and the Royce Clayton/Texas Rangers Youth Ballpark with a covered grandstand for 500 spectators.

And that’s not even counting the indoor water park with lazy river, lap pool, party area, double loop water slide, and more.

Why move to Lancaster? Hairston names off the community’s accolades — its been recognized by Scenic City, Tree City USA,  and Playful City USA. And in 2019, Lancaster was named an “All-American City” by the National Civic League, joining only 29 communities in Texas that have gotten the nod since the award was first doled out in 1949.

And the heart of Lancaster remains — despite a tornado in 1994 that wrought so much destruction — its historic downtown square, dotted with city offices and businesses new and old (including Lovin’ Oven Bakery, which has been around for 40 years).

Photo courtesy City of Lancaster

Hairston also took the opportunity to crow about Lancaster ISD’s Texas Education Agency rankings, which were released just last week. The district earned a B grade, but even better, Hairston said, was the phone call he got the night before.

“The superintendent told me that Lancaster was the most improved school district in all of Dallas County,” he said, beaming. “That’s just awesome.” (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…)

Starwood

Realtors get really excited when they get a listing in Starwood, the gated community in Frisco just north of Lebanon Road and west of the Dallas North Tollway. It’s gorgeous, exclusive, and the homes always shine.

So it was no surprise when Jennifer Menon with William Davis Realty reached out to us last week bursting with excitement about her new about-to-be posted listing at 6000 Hackberry Court — it’s a prime example of the livable elegance you can find in Starwood.

Livable elegance? That’s just fancy talk for “this house is super nice but you also won’t find yourself holding your breath every time your kindergartener wanders through with a popsicle.”

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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…)