Housing Affordability
More than 40 percent of Texans are one even minor catastrophe away from being unable to afford even the most basic needs, the United Way’s report on asset limited, income constrained, employed (or, ALICE) households revealed last week. The most recent ALICE report looks at how many in each state and county lived below its…
From Staff Reports With lumber tariffs already adding more than $6,000 to the price of every new home in Dallas, President Trump’s decision this month to escalate the trade conflict with China has builders bracing for more challenges to housing affordability. This decision could wind up imposing a $2.5 billion tax increase on residential construction,…
Dallas does everything big — including commutes. According to a new Apartment List study, examining commuter data from 2005 and 2016, one in 45 commuters in the Dallas metro are “super commuters,” traveling 90 or more minutes to work each day, and the prevalence of super commuting is on the rise. The share of Dallas…
While overall homeownership rates are shrinking, the decrease is far more pronounced for some minorities, especially black Americans. That’s the takeaway from a recent report from ApartmentList. This racial divide underscores the increasing inequality that plagues the United States. By building equity, homeowners accumulate wealth, leading to the striking fact that the net worth of…
The picture of a Texas homebuyer has changed distinctly over the last year. According to a report released last week by the Texas Association of Realtors, Texan households are more diverse than ever, representing a growing array of ethnic backgrounds, ages, family statuses, and socioeconomic groups.
