Last week, Seth Fowler wrote about a client of his looking for a home in the sub-$200,000 market close to his job in Bedford. “Ted” had been on a roller coaster of 43 showings and 11 contract offers … still without a home eight months on and counting. In today’s Dallas, it’s a story that’s been accelerating since the housing market began recovering in 2013. While slacking in the upper end of the market, the entry level remains full steam ahead.
Also last week, Alex Macon posted on D Magazine’s Frontburner about the legacy of redlining and a new set of charts overlaying 1930s redline maps against the current racial makeup of Dallas (U.S. Census data). It’s clear that the 30-year pox of redlining, from the 1930s until 1968, still infects the Dallas landscape (as it does nationwide in many previously redlined areas).
But what’s the reality? I’m going to find out.