Dallas, TX

Dallas-Fort Worth renters still facing sky-high costs, with monthly rates rising 17.5%

Published

2 years ago

June 8, 2022

Dallas-Fort Worth renters still facing sky-high costs, with monthly rates rising 17.5%

The Texas Squeeze: A sequence analyzing the excessive value of excessive development in North Texas.

The associated fee to lease a North Texas residence continues to rise dramatically as demand far outweighs out there housing provide.

The common asking lease for Dallas-Fort Value flats rose 17.5% 12 months over 12 months in Could to a report $1,488 a month, based on estimates by Dallas-based actual property expertise agency RealPage. Within the Dallas space, rents common $1,526 per 30 days, whereas Fort Value-area flats value $1,373.

RealPage economist Jay Parsons stated inflation and better prices may have an effect on demand and sluggish the tempo of development later within the 12 months.

“We’re trying day-after-day for any signal of a slowdown, however it’s simply not taking place but,” Parsons stated. “Leasing exercise stays brisk, lease development stays elevated, turnover stays very low and renter incomes proceed to achieve new highs.

“However we actually received’t preserve this tempo ceaselessly, and we nonetheless count on some moderation within the second half of the 12 months.”

Parsons stated nearly 58% of renters are selecting to resume their leases, effectively above the pre-COVID norm of round 50%. They might face renewal provides that look worse than they anticipated, however notice after buying round that they’ve an excellent deal in contrast with what it prices for a brand new unit.

Folks shifting into an residence pay 21% extra on common than the unit’s earlier renter, based on RealPage.

“For many renters, the most effective deal is usually to remain put,” Parsons stated.

Parsons stated renters’ incomes are rising rapidly sufficient to maintain up with the upper costs. Folks with newly signed leases made just below $75,000 in Could, a report excessive, and are paying a median of twenty-two% to 23% of their family incomes on lease, based on RealPage.

“We’re nowhere but close to the affordability issues we’d see within the coastal metros,” Parsons stated.

Dallas-Fort Value rents, together with for each flats and homes, ranked No. 21 in worth development in April, based on researchers at Florida Atlantic College, Florida Gulf Coast College and the College of Alabama. They have been 10% overpriced at $1,750 in April when in comparison with the place the researchers decided rents ought to be based mostly on historic tendencies, their report discovered.

“The best way out of that is so as to add extra rental models to {the marketplace},” Bennie Waller, a analysis affiliate with the College of Alabama’s Alabama Heart for Actual Property, stated in an announcement. “However it’s simply not practical to count on a bunch of recent tasks within the close to time period, given the provision chain issues and the usually sluggish tempo of presidency approvals dealing with builders earlier than they will put a shovel within the floor.”

One other examine from Florida Atlantic discovered Dallas-Fort Value properties on the market to be a number of the most overvalued within the nation.

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Dallas, TX

Dallas Fire-Rescue searching for two people swept into water near Mountain Creek Lake

Published

6 hours ago

October 5, 2024

Press Room

Dallas Fire-Rescue searching for two people swept into water near Mountain Creek Lake

Dallas Fire-Rescue crews are searching for two people who were swept into a creek near Mountain Creek Lake.

Jason Evans, DFR spokesperson, said crews were called at about 1:40 p.m. Saturday after a 911 call reported someone was swept into the water near the 4500 block of Mountain Creek Parkway, Evans said.

Evans said reports indicate one person was swept into the creek while a second person jumped into the creek to save them before being swept away themself.

DFR, Dallas police and game wardens are investigating, Evans said.

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Dallas, TX

Dallas Cowboys 2024 opponent preview: 2 Steelers to keep an eye on

Published

15 hours ago

October 5, 2024

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Dallas Cowboys 2024 opponent preview: 2 Steelers to keep an eye on

Any team that is coached by Mike Tomlin is going to be ready to play on any given Sunday. Such was the case for the 2023 Steelers who finished 10-7 and made it to the playoffs once again. Tomlin has never had a losing season during his tenure in Pittsburgh and the team has built a reputation for being a tough, well-coached football team under his watch.

Fast forward to 2024 and this Steelers team looks vastly different but under Mike Tomlin it will still be a disciplined football team who should be respected.

2023 Record: 10-7

Last Meeting: 11/8/2020 Steelers win, 24-19. Dallas Cowboys lead series 17-16-0

Head Coach: Mike Tomlin (176-101-2 as a head coach)

Key Additions: QB Justin Fields, QB Russell Wilson, LB Patrick Queen

Key Departures: QB Kenny Pickett, WR Diontae Jackson, WR Allen Robinson II

Photo by Lauren Leigh Bacho/Getty Images

What more can you say about T.J. Watt that hasn’t already been said about the playmaker? Watt may be the most feared pass rusher in the game today and the Cowboys better have a plan for how to stop him on Sunday.

With a rookie left tackle in Tyler Guyton, and Terrence Steele at right tackle who has been known to be shaky at times, figuring out how to limit Watt and his impact will be key to the team’s success.

Watt has the ability to completely change the momentum of a game and if the Cowboys don’t come prepared, he’s going to be a game-wrecker once again. Whether it’s by keeping a running back in or chipping him with a tight end, the Cowboys are going to have to maneuver their offense around where Watt is in order to limit his impact.

With the shakiness that is the Dallas Cowboys secondary George Pickens has a chance to make a massive impact on Sunday night. The Cowboys are battling injury issues at corner so they will be undermanned even if it is just DaRon Bland who misses the game.

Pickens, a dynamic pass catcher out of Georgia, is rounding into form as one of the games best receivers. Trevon Diggs will travel some, but Mike Zimmer doesn’t ask him to do it all the time, setting up a situation where Pickens can find a favorable matchup against other cornerbacks the Cowboys trot out there.

Last week he went off for over 100 yards receiving. If the Cowboys aren’t careful and don’t have a plan for it, they could see Pickens do something like that once again.

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Dallas, TX

Top Dallas-area performers in Texas high school football, Week 6

Published

23 hours ago

October 5, 2024

Press Room

Top Dallas-area performers in Texas high school football, Week 6

Below you’ll find the top performances in rushing, receiving and passing from Dallas-area Texas high school football players in Week 6.

Rushing

Player, School, Yards

Legend Bey, North Forney, 234

Jaylon Woods, Mansfield Timberview, 220

Ben Ebeke, W.T. White, 204

Brendon Haygood, Sachse, 200

Sachse running back Brendon Haygood (0) leaps past Wylie East defensive back Michael Henderson III (21) on a first down run that allowed Sachse to run out the clock on a 19-17 victory in a District 9-6A high school football game on Friday, Oct. 4, 2024, in Wylie.(Smiley N. Pool / Staff Photographer)

Cam Newton, Prosper Walnut Grove, 188

Chance Culley, Plano, 185

Lamar Leggins, Birdville, 180

Travis Agee, Plano East, 177

Hudson Eidem, Frisco Lebanon Trail, 173

Patrick Crayton Jr., Hebron, 172

Denzel Okekeuche, Frisco Heritage, 157

Micah Rivers, Northwest Eaton, 151