Why many would-be home buyers are renting — for now Here’s the good news: Income growth among 25- to 34-year olds — the millennial generation — grew 5.6 percent last year. And first-time homebuyer loans are up. Millennials are buying homes and debunking the myth that they don’t want to be homeowners. High student loans are beginning to fade in…read more →
By Steve Brown and the Dallas Morning News The Dallas-Fort Worth area had one of the biggest home price increases in the country in the first quarter. D-FW median home sale prices were 12.6 percent higher than in 2016, according to the National Association of Realtors quarterly home price survey. The Washington-based trade group looks at 178 U.S. metropolitan areas…read more →
Photo courtesy of Dallas Morning News and Nathan Hunsinger/Staff Photographer) Article by Steve Brown and the Dallas Morning News You may need a map to find one of the biggest new home communities being built in North Dallas. Just a couple of blocks north of Presbyterian Hospital on Meadow Road, the 300-home residential development is going up in a neighborhood once…read more →
By Steve Brown and the Dallas Morning News For the second year in a row, Texas was behind only New York in total commercial real estate spending in 2016. Commercial property construction expenditures topped $18.5 billion in the Lone Star State last year. And development supported 310,994 Texas jobs, according to the new report by the NAIOP Research…read more →
Developer Southern Land Company sought public input before bringing its six-story, high-density retail/apartment proposal on Oram to the city. While City Councilman Philip Kingston said recently he has not yet been approached by the principals on the project, neighbors got an early look at the new plans last week. The proposal would change the skyline of Lakewood, bringing the towering building…read more →
By Steve Brown and the Dallas Morning News A Dallas apartment and commercial building developer is offering more than $9 million to buy the Dallas Independent School District headquarters on Ross Avenue. Leon Capital Group won a bid to purchase the school headquarters buildings at Ross and Washington avenues just east of downtown. The office buildings are on part of…read more →
By Steve Brown and the Dallas Morning News North Texas new home sales rose 14 percent in the fourth quarter from a year earlier. But even with strong demand, Dallas-Fort Worth builders couldn’t break the 30,000-home start barrier in 2016. Builders started 29,337 new homes in the area last year — an increase of only about 5 percent from 2015 levels, according…read more →
Texas experienced a net gain of out-of-state residents in 2015, with 107,689 more people moving to Texas than Texas residents moving out of state. This is a 4 percent increase in the net gain of Texas residents from 2014 (103,465 residents). The total number of residents moving to Texas from out of state in 2015 increased 2.8 percent year-over-year to…read more →
By Steve Brown and the Dallas Morning News StreetLights Residential is working on a more than 400-unit apartment and shopping center development across the street from the Inwood/Love Field DART rail station off Maple Avenue. The planned development would occupy more than 4 acres at Denton and Hudnall drives just east of Maple. The property is now occupied by a…read more →
By Steve Brown and the Dallas Morning News One of Rockwall’s highest-profile developments has been purchased by a Dallas-based investment and development group. PegasusAblon has bought The Harbor development on Lake Ray Hubbard with plans to upgrade the property. PegasusAblon acquired the 130,000-square-foot retail and restaurant portion of The Harbor and land for additional construction. “The Harbor is one of…read more →
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