(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…)
How 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…)
Ever 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.
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…)
Some will agree, and some won’t, but data doesn’t lie — we are heading into a real estate slowdown.
First of all…R-E-L-A-X. No, we are not heading toward a recession. No, the housing market isn’t crumbling. No, it’s not time to sell your home, stock up on canned beans, ammo, and get off the grid. But the real estate market is changing … dare we call it a slowdown?
Before-and-after photos don’t do it justice at 3771 W. 4th Street in Monticello. (photos: Trey Freeze Media)
I have a great idea! HGTV should make a TV show where they take a total clunker of a home and turn it back to its original greatness … they could call it “Revival House” or something like that. (Of course I would star in the show, too!)
The first episode would feature the home located at 3771 West 4th Street in the beautiful neighborhood of Monticello in Fort Worth.
When the Seller of this charming 1,520-square-foot, two-bedroom, one-bathroom home first bought it, it was … well … shall we say politely … it was in need of a drastic revival!
Photo courtesy Flickr/Woodleywonderworks
It’s official — the likelihood of finding an affordable home for less than $200,000 in Dallas-Fort Worth is slim to none, economists with Metrostudy said last week.
“While DFW’s strongest price point during the last cycle, below $200,000, is no longer viable, the “new affordable” price bracket, $200,000 to $300,000 grows,” Paige Shipp, regional director of Metrostudy’s Dallas-Fort Worth market said. (more…)
