According to some North Texas realtors, the housing market is finally balancing out and now's the time to buy.

The housing market is finally balancing out, according to some North Texas realtors.

“I would say now’s the time to buy. It’s more balanced. It’s not a seller’s market anymore,” says Williams Trew Real Estate realtor Debbie Petty.

Petty sells homes in Fort Worth and says the housing market has reached pre-pandemic levels.

According to MortgageGageReports.com, the interest rates for a 30-year mortgage were as low as 3% in 2021. Now, in 2024 it is around 7%.

“So, it’s not a seller’s market. It’s not a buyer’s market. It’s getting very balanced, there’s more inventory, and for us, we really like to see that what you want in real estate is a win-win for the buyer in the seller,” Petty explains.

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Source: CBS News

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Discover how urban farming is reshaping Dallas neighborhoods, promoting sustainability, community engagement, and access to fresh produce.
DISCLAIMER: We are not financial advisors. The content on this website is for educational purposes only and merely cites our own personal opinions. In order to make the best financial decision that suits your own needs, you must conduct your own research and seek the advice of a licensed financial advisor if necessary. Know that all investments involve some form of risk and there is no guarantee that you will be successful in making, saving, or investing money; nor is there any guarantee that you won’t experience any loss when investing. Always remember to make smart decisions and do your own research!

Urban farming is experiencing a resurgence in Dallas, as residents and communities embrace sustainable agriculture practices in the heart of the city. From rooftop gardens to community-supported agriculture initiatives, urban farming is transforming neighborhoods and fostering a deeper connection to food and the environment. This article explores the growing trend of urban farming in Dallas, highlighting its benefits, challenges, and impact on local communities.

The Urban Farming Movement

Urban farming encompasses a range of agricultural activities conducted within urban areas, including growing fruits, vegetables, herbs, and raising livestock. In Dallas, the urban farming movement has gained momentum in recent years, driven by a combination of factors, including increasing interest in sustainability, food security concerns, and a desire for community engagement. Residents are reclaiming vacant lots, rooftops, and other underutilized spaces to cultivate fresh produce and promote local food production.

Benefits of Urban Farming

Urban farming offers numerous benefits to both individuals and communities. By growing food locally, urban farmers reduce the carbon footprint associated with transportation and distribution, contributing to environmental sustainability. Additionally, urban farming promotes food security by increasing access to fresh, nutritious produce in underserved neighborhoods where access to healthy food options may be limited. Moreover, urban farming creates opportunities for community building and education, as residents come together to work on shared agricultural projects and learn about sustainable farming practices.

Challenges and Opportunities

While urban farming presents many opportunities, it also comes with its share of challenges. Limited space, soil contamination, zoning regulations, and access to water are among the most common obstacles faced by urban farmers in Dallas. However, innovative solutions such as vertical farming, hydroponics, and aquaponics are helping overcome these challenges, allowing farmers to maximize productivity in urban environments. Additionally, partnerships with local governments, non-profit organizations, and businesses can provide support and resources to urban farmers, helping them navigate regulatory hurdles and access funding opportunities.

Community Gardens and Urban Agriculture Projects

Community gardens are at the forefront of the urban farming movement in Dallas, serving as hubs for community engagement, education, and food production. These shared spaces allow residents to grow their own food, connect with nature, and build relationships with their neighbors. In addition to community gardens, Dallas is home to various urban agriculture projects, including urban orchards, beekeeping initiatives, and farm-to-school programs, which promote sustainable food systems and environmental stewardship.

Impact on Neighborhoods

The rise of urban farming is reshaping neighborhoods in Dallas, fostering a sense of pride and ownership among residents. Community gardens and urban farms beautify vacant lots and neglected spaces, turning them into vibrant green spaces that enhance the quality of life for residents. Moreover, urban farming promotes social equity by providing access to healthy food options in underserved communities, addressing food deserts and promoting economic empowerment through entrepreneurship and job creation.

Educational Initiatives and Outreach

Education is a fundamental component of the urban farming movement, empowering individuals with the knowledge and skills needed to grow food sustainably. In Dallas, educational initiatives and outreach programs play a vital role in promoting urban farming and engaging residents in agricultural activities. Schools, community centers, and non-profit organizations offer workshops, classes, and hands-on learning opportunities, teaching residents of all ages about gardening, nutrition, and environmental conservation.

 

The rise of urban farming in Dallas is a testament to the resilience and creativity of its residents, who are reimagining the city’s landscape and promoting sustainability one garden at a time. As the urban farming movement continues to grow, it has the potential to address pressing issues such as food insecurity, environmental degradation, and community disconnection. By supporting urban farmers, investing in green infrastructure, and fostering a culture of sustainability, Dallas can cultivate a healthier, more resilient city for future generations.

 

Find out why these three amenity-filled living communities are the “place to be” for Fort Worth’s older adults.

In Fort Worth, retirement is done in style. We’ve rounded up three luxury retirement communities that will have you raising a glass like Jay Gatsby.

Explore living facilities for older adults around Fort Worth with options for independent living, assisted living, memory, and nursing care.

Plus, don’t forget to bookmark these classes and organizations that will help you feel forever young.

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Source: FTW Today

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The business and civic leaders holding the keys to the future of the Fort Worth Stockyards plan a large second phase of development, a possible $630M investment.

The business and civic leaders holding the keys to the future of the Fort Worth Stockyards plan a large second phase of development, a possible $630 million investment, it was revealed June 11 during a presentation to Fort Worth City Council.

Fort Worth Heritage LLC, a collaboration between Majestic Realty Co. and Hickman Cos. and development partner M2G Ventures, aims to add about 300,000 square feet of commercial space to the area, which sees about 9 million visitors a year. On the way could be new hotels, a multifamily community, two underground garages and improvements to the area including green space and amenities, according to the public presentation.

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Source: Dallas Business Journal

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Explore how major employers in Dallas shape the housing market. Discover their impact on demand, pricing, and neighborhood dynamics.
DISCLAIMER: We are not financial advisors. The content on this website is for educational purposes only and merely cites our own personal opinions. In order to make the best financial decision that suits your own needs, you must conduct your own research and seek the advice of a licensed financial advisor if necessary. Know that all investments involve some form of risk and there is no guarantee that you will be successful in making, saving, or investing money; nor is there any guarantee that you won’t experience any loss when investing. Always remember to make smart decisions and do your own research!

The Dallas housing market is influenced by a myriad of factors, with major employers playing a significant role in shaping its dynamics. As key drivers of economic growth and employment in the region, these corporations have a profound impact on housing demand, pricing, and overall market trends. This article will delve into the influence of major employers on the Dallas housing market, exploring how their presence affects homebuyers, renters, and real estate investors alike.

Economic Powerhouses in Dallas

Dallas is home to a diverse array of major employers spanning various industries, including technology, finance, healthcare, and energy. Companies such as ExxonMobil, AT&T, Texas Instruments, and Southwest Airlines are among the largest employers in the region, employing thousands of workers and driving economic activity in their respective sectors. The presence of these corporate giants not only creates job opportunities but also attracts talent from across the country, fueling population growth and housing demand in the Dallas metro area.

Job Growth and Housing Demand

The expansion of major employers in Dallas often leads to robust job growth, as these companies hire new employees and expand their operations. This influx of jobs, particularly in high-paying sectors, stimulates housing demand as workers seek housing options near their workplaces. In turn, this increased demand can drive up home prices and rents, making housing affordability a challenge for many residents, especially those with lower incomes.

Corporate Relocations and Housing Inventory

Corporate relocations and expansions have a significant impact on the Dallas housing market, affecting both supply and demand dynamics. When a major employer decides to relocate or establish a presence in Dallas, it often results in an influx of new residents seeking housing in the area. This surge in demand can strain the housing inventory, leading to shortages and bidding wars for available properties. In response, developers may ramp up construction activity to meet the increased demand, leading to the development of new housing units and mixed-use developments in desirable neighborhoods.

Neighborhood Revitalization and Gentrification

The presence of major employers can also catalyze neighborhood revitalization and gentrification in certain areas of Dallas. As corporations invest in their facilities and campuses, surrounding neighborhoods may experience increased property values and amenities, attracting higher-income residents and businesses. While this can lead to positive economic development and improved infrastructure, it may also displace long-time residents and exacerbate affordability challenges for low- and moderate-income households.

Transportation and Infrastructure Investments

Major employers often collaborate with local governments and transportation authorities to improve transportation infrastructure and connectivity in the region. This includes investments in public transit systems, roadways, and commuter rail networks, which can enhance accessibility to employment centers and influence housing choices for residents. Proximity to public transportation hubs and employment corridors becomes increasingly desirable, driving housing demand in transit-oriented developments and urban infill areas.

 

The impact of major employers on the Dallas housing market is multifaceted, influencing supply, demand, pricing, and neighborhood dynamics. As economic powerhouses in the region, these corporations shape the landscape of the housing market through job creation, corporate relocations, and infrastructure investments. While their presence stimulates economic growth and development, it also presents challenges related to housing affordability, gentrification, and transportation accessibility. Moving forward, addressing these issues will require collaborative efforts between major employers, government agencies, developers, and community stakeholders to ensure a sustainable and inclusive housing market for all residents of the Dallas metro area.

 

Among US cities within the last decade, Dallas saw the biggest increase in housing prices with median home prices skyrocketing up to 142%.

A new real estate report confirms something that Dallasites pretty much suspected: The city of Dallas saw the biggest increase in housing prices among U.S. cities within the last decade, with median home prices skyrocketing up to 142 percent.

The report by online real estate database PropertyShark analyzed median home sale prices in 41 of the most populous U.S. cities and locales in 2014 and 2023. According to the study, the median sale price of a home in Dallas in 2014 was $127,000. A decade later, median housing prices in the city more than doubled, landing at $307,000 in 2023.

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Source: Dallas Culture Map

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This Fort Worth charmer is under $400,000, and adorable. This house was built in 1947 and its updates have kept the home’s original charm.

Tap the brakes. You gotta see this Fort Worth charmer. It’s under $400,000, and adorable.

“It’s darling,” said listing Realtor Debbie Byrd with League Real Estate. “Every time someone comes into the house, they always say ‘Wow, it’s better than the picture.’ “

This home is in the desirable 76107 ZIP Code. Built in 1947, it comes with a list of upgrades and renovations made in the past four years. The current owners of this three-bedroom, two-bathroom home have touched everything from baseboards to appliances, Byrd said. The improvements even include the unseen but important things like the water heater and sewer line.

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Source: CandysDirt

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Discover how Dallas-Fort Worth tackles its affordable housing crisis. Explore key initiatives & strategies for accessible housing options.
DISCLAIMER: We are not financial advisors. The content on this website is for educational purposes only and merely cites our own personal opinions. In order to make the best financial decision that suits your own needs, you must conduct your own research and seek the advice of a licensed financial advisor if necessary. Know that all investments involve some form of risk and there is no guarantee that you will be successful in making, saving, or investing money; nor is there any guarantee that you won’t experience any loss when investing. Always remember to make smart decisions and do your own research!

The issue of affordable housing is a pressing concern in the Dallas-Fort Worth (DFW) area, where rapid population growth and rising housing costs have created significant challenges for low- and moderate-income residents. In response to this crisis, various initiatives and programs have been implemented to increase access to affordable housing options. This article will explore the affordable housing landscape in the DFW area, highlighting key initiatives, strategies, and organizations working to address this critical issue.

Understanding the Affordable Housing Crisis

The DFW area has experienced robust economic growth in recent years, attracting a surge of newcomers seeking job opportunities and a high quality of life. However, this growth has also contributed to a housing affordability crisis, with many residents struggling to find affordable housing options. Skyrocketing rents and home prices have outpaced wage growth, exacerbating the problem for low- and middle-income households.

Government Initiatives and Programs

To address the affordable housing crisis, local governments in the DFW area have implemented various initiatives and programs aimed at increasing access to affordable housing. These initiatives often involve partnerships with developers, non-profit organizations, and financial institutions to create affordable housing developments and provide financial assistance to eligible residents.

Housing Trust Funds

Several cities in the DFW area have established housing trust funds to support affordable housing initiatives. These funds are typically financed through a combination of public and private sources and are used to provide grants, loans, and other financial incentives to developers and organizations working on affordable housing projects. By leveraging these funds, cities can maximize their impact and create more affordable housing opportunities for residents.

Inclusionary Zoning Policies

Inclusionary zoning policies require developers to set aside a certain percentage of units in new residential developments for affordable housing purposes. These policies are designed to promote socioeconomic diversity and ensure that affordable housing options are integrated into all neighborhoods, regardless of income levels. In the DFW area, some cities have adopted inclusionary zoning policies as part of their broader efforts to address the affordable housing crisis.

Non-Profit Organizations and Community Development Corporations

Non-profit organizations and community development corporations (CDCs) play a crucial role in addressing the affordable housing needs of underserved communities in the DFW area. These organizations often specialize in developing and managing affordable housing properties, providing housing counseling services, and advocating for policies that promote affordable housing affordability. By partnering with local governments, developers, and other stakeholders, non-profit organizations and CDCs can leverage their expertise and resources to create lasting solutions to the affordable housing crisis.

Affordable Housing Financing Options

Access to affordable financing is essential for developers looking to create affordable housing developments in the DFW area. Fortunately, there are several financing options available to support these projects, including low-income housing tax credits, tax-exempt bonds, and grants from government agencies and philanthropic organizations. By leveraging these financing options, developers can overcome the financial barriers associated with affordable housing development and bring much-needed housing units to market.

 

Affordable housing initiatives in the Dallas-Fort Worth area are essential for ensuring that all residents have access to safe, stable, and affordable housing options. By leveraging government resources, partnering with non-profit organizations, and implementing innovative financing strategies, local governments and stakeholders can make significant progress in addressing the affordable housing crisis. However, continued collaboration and investment will be necessary to create sustainable solutions that meet the diverse needs of DFW residents now and in the future.

 

While the nation’s prices climbed 6.5% year year over year in March, the Dallas-Fort Worth area saw a softer 3.6% increase.

The housing market has been so red-hot in North Texas that even a slight cooling is hard to detect. But we are glad to see signs that supply might be at least catching a glimpse of demand after years of running far behind.

Houses are still moving. Real estate reporter Nick Wooten told us earlier this month that the Dallas-Fort Worth area “ranked second in the nation for homes sold and active home listings last month, trailing only New York as the spring selling season heats up.”

And prices are still on the rise, Wooten wrote.

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Source: The Dallas Morning News

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4610 Swiss Avenue stands as a beautiful example of the Craftsman bungalows that have populated the storied neighborhood since the early 1900s.

Swiss Avenue in Dallas, the very first Landmark Historic District in the city, conjures images of stately manses and extravagant examples of Italian Renaissance and Neoclassical architecture. But beyond the palatial estates, a handful of quainter dwellings also call the legendary street home. Located in the Peak’s Suburban Addition, 4610 Swiss Avenue stands as a beautiful example of the Craftsman bungalows that have populated the storied neighborhood since the early 1900s.

Better yet, it’s been lovingly revived in honor of its original owner, Jacob Reikenstein, a leader in Dallas’ retail lumber trade who, naturally, filled his home with only the finest woods. In the 1930s, Reichenstein would work with architects Marion Fooshee and James Cheek, the designers of Highland Park Village, to build his family’s home (now a historical landmark) on Cedar Springs Road, but Reikenstein’s Dallas real estate journey reportedly began on Swiss Avenue in 1915. And fortunately, it would eventually fall into the hands of local realtor Kristen Martin.

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Source: Paper City

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