Fort Worth

(Photo courtesy Flickr)

Rents are on the rise in Fort Worth, making it one of the top 25 cities out of the 100 largest in the U.S. where one-bedroom rents are rapidly increasing. We look at that, as well as who made the cut as the richest person in Texas, and what company is making a foray into Texas real estate now, in this week’s roundup of real estate news. (more…)

mckinney

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From staff reports

Nearly 40 percent of 2018’s single-family home purchases were made by first-time buyers — with some places being more friendly to those new to the market than others. McKinney ranked 10th among 300 cities WalletHub looked at in regards to how amenable they were for first-time buyers.

The Collin County town ranked 160th when it came to affordability, but scored top marks for its market and 45th for quality of life.  (more…)

Eagle Mountain Lake Marina was severely damaged during high winds in last night’s storms. (Photo courtesy of Laketography)

Eagle Mountain Lake Marina just can’t catch a break, it seems. The Fort Worth marina, which leases boat slips to owners in North Texas, has sustained several storms and one fire only to be completely wrecked during high winds last night. 

The owner and operator of Eagle Mountain Lake Marina, Suntex Marina Investors, has closed the marina until further notice.

“We have been able to access the docks and are glad to report a considerable amount of boats are undamaged and thankfully there has been no loss of life,” said Linda Kennedy, general manager, Eagle Mountain Marina.

(more…)

ArlingtonTexas is the 12th-best state when it comes to jobs, rent increases in Arlington are among the highest in the nation, and Dallas-Fort Worth is expected to add jobs this year. We have all the details in this week’s roundup of real estate news.

Texas Ranks 12th For Jobs

Arlington

Texas was tops in the country for monthly average starting salary, but took 12th overall in a WalletHub ranking of the best states for jobs. (more…)

Fort WorthFor those that look for character and history when they seek out a place to lay their head, abodes like the loft we found at the Texas & Pacific Lofts in Fort Worth is a great example of what they can find.

The 12-story building, located at 220-221 West Lancaster Avenue, had its first life as the Texas and Pacific Railway Passenger Terminal and corporate offices. Built in 1930 and designed by Wyatt C. Hedrick (who later merged his Fort Worth firm with Sanguinet & Staats), the terminal and offices featured architectural and design details you expect from the 1930s — Zigzag Moderne Art Deco style with marble floors, metal-inlaid ceilings, nickel and brass fixtures, and terrazzo flooring in places as well.

The building fell dormant as travelers left train travel for air and road travel, but by 1978, it was listed in the National Register of Historic Places, and preservationists lobbied in the 1980s to save it from demolition. (more…)

texas

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The South and the West have the fastest-growing cities in the U.S., and Texas has a bumper crop of those cities, new population estimates for cities and towns released this week by the U.S. Census Bureau revealed. 

Just how many Texas towns and cities showed growth? Three made the top 15 most populous cities in the U.S. and even more saw substantial growth.

“On the other hand, of the 19,495 incorporated places in the United States, around 76 percent (14,768) had fewer than 5,000 people,” the Census Bureau said. (more…)

Fort WorthVista Bank named a new president for its Fort Worth market, Cushman and Wakefield announced a new hire, and Governor Greg Abbott named a new chair of the Texas Real Estate Commission.

Grant James

The 107-year-old Vista Bank announced last week that it had hired Fort Worth banking veteran Grant James to head its market there, where he will serve as president.

James has 40 years of industry experience and is a graduate of TCU. His role will include leading a team of bankers there, growing market share through retail and commercial business development, and establishing brand awareness.

“Vista Bank has been focused on growing our presence in the thriving city of Fort Worth over the past several years,” noted Vista Bank President and CEO, John D. Steinmetz. “An experienced and well-respected banker in the Fort Worth community, Grant James is a strategic addition to our leadership team and we are excited to have him.”

James will office at Vista’s Fort Worth location, 1300 Summit Ave.

“As my banking career has progressed over the last 40 years, I’ve become a firm believer in the community banking model,” noted James. “Even in our busy world, each of us has a desire for some degree of personalized attention – in a word, ‘hospitality.’ By delivering traditional banking services with a focus on hospitality, we intend to create unique experiences that clients will feel compelled to share with friends and family.” (more…)

populationTwo out of three of the metropolitan areas that had the largest population growth were in Texas, and three Texas metropolitan areas were in the top 10 nationally, new census figures revealed.

The Dallas-Fort Worth-Arlington MSA topped the nation when it came to numeric population growth, the most recent Census Bureau data revealed Thursday, with a gain of 131,767 in 2018, or 1.8 percent.

Census officials attribute the growth to migration — both domestic and international migration — as well as natural increase (having more births than deaths). In fact, natural increase impacted DFW growth the most, while domestic migration was the largest source in Phoenix.

“One interesting trend we are seeing this year is that metro areas not among the most populous are ranked in the top 10 for population growth,” Sandra Johnson, a demographer in the Census Bureau’s Population Division, said in a statement. “Though no new metro areas moved into the top 10 largest areas, Phoenix, Seattle, Austin, and Orlando all experienced numeric increases in population since 2010, rivaling growth in areas with much larger populations. This trend is consistent with the overall growth we are seeing in the south and the west.” (more…)