Dallas, TX
The City of Dallas Lost Almost 15,000 People Between 2020 and 2021
In the course of the peak of the pandemic, almost 15,000 folks packed up and moved out of Dallas. In line with a brand new report from the U.S. Census Bureau launched final week, the town misplaced a regarding 14,777 folks between 2020 and 2021.
Whereas it’s lengthy been suspected that within the Dallas-Fort Value metropolitan statistical space, Dallas was the slow-grower to non-grower of the gathering of cities inside that MSA, the brand new report breaks down simply how many individuals have left the town, and which cities in North Texas are literally rising.
By 2020, Dallas had grown by 8.9 p.c since 2010 — or about 100,000 residents. However that also paled compared to surrounding counties, corresponding to Tarrant County (16.7 p.c), Collin County (36.1 p.c), Denton County (36.8 p.c), Kaufman County (40.6 p.c), and Rockwall County (37.6 p.c).
Between 2020 and 2021, Fort Value grew by 12,916, whereas Frisco, Denton, and McKinney grew by 7,933; 5,844; and 5,568, respectively. Little Elm (51,042) and Burleson (51,618) handed the 50,000 inhabitants mark between 2021 and 2021, and Rockwall County led the nation in housing inventory development, with a rise of 6.5 p.c between July 1, 2020, and July 1, 2021.
This development possible offers some perception into why Dallas’ inhabitants really shrank. Whereas a report on housing affordability from the Texas Actual Property Analysis Heart at Texas A&M College doesn’t break down the numbers by area, it does present some perception into how exhausting it’s to buy a house in Texas.
Houses price extra, and mortgage rates of interest are additionally rising, which implies first-time consumers significantly are priced out of the Dallas market. The median household earnings in Texas grew by about 5.5 p.c between 2020 and 2021. The median house value grew by 5.5 p.c within the first quarter of 2020, and by 17.2 p.c the primary quarter of 2021, which means house costs outpaced earnings development.
“As mortgage rates of interest improve, the entire month-to-month mortgage fee additionally will increase,” says Dr. Clare Losey, an assistant analysis economist for TRERC. “This will increase the required earnings to qualify for a mortgage mortgage. In different phrases, as mortgage rates of interest improve, buying energy declines, and households should earn extra money to buy the same-priced house.”
Within the first quarter of 2022, the 30-year fastened price mortgage was someplace within the neighborhood of three p.c. By Could 19, the speed was about 5.25 p.c, which implies the required earnings to qualify for a mortgage elevated by greater than $10,000, even for repeat consumers.
Losey says that solely a 3rd of Texas renters (the principally possible group to grow to be first-time homebuyers) may afford that.
The median house value in Dallas County final April was $370,000, in response to the MetroTex Affiliation of Realtors, and there have been solely 2,067 energetic listings within the county. Economists typically say that six months of housing stock is the signal of a balanced market—Dallas County had 0.9 months.
Denton, Rockwall, Tarrant, and Collin counties all reported related or greater median house costs and stock, however the distinction is in what you get for that median value. A fast perusal of Realtor.com on June 1 confirmed no present listings on the $370,000 level in Dallas — however a lot (albeit someplace within the 1,200-to-2,400-square-foot vary) in suburbs and exurbs like Forney, Little Elm, Garland, and Grand Prairie.
By comparability, for the $550,000 median house value in Collin County, there have been 36 properties with sq. footage of as much as 3,600 in some instances.
Lease can also be greater in Dallas, in response to Rentcafe, with the typical lease for a studio house hitting within the neighborhood of $1,474, in comparison with $1,356 in Fort Value. In line with the Nationwide Low Earnings Housing Coalition 2021 Out of Attain report, a renter would wish to make $26 an hour to afford the typical two-bedroom house within the Dallas metro space, whereas they’d want simply shy of $24 to afford the identical house within the Fort Value/Arlington MSA.
This week, Fortune reported that analysts from CoreLogic that discovered that 69.79 p.c of U.S. housing markets are overvalued—together with Dallas-Fort Value (Moody’s Analytics has the area overvalued by about 33 p.c). However that doesn’t essentially imply aid—the identical evaluation discovered a “very low” probability that house costs within the area will drop anytime quickly.
You additionally should determine within the pandemic-related growth that drove some consumers psychologically, too, when discussing housing costs through the 2020-2021 time-frame. In August 2021, I had a dialog with Briggs Freeman Sotheby’s Worldwide president Russ Anderson, who mentioned that homebuyers have been undoubtedly on the lookout for particular issues after spending months at house throughout shelter-in-place, and area was one in every of them.
Small annoyances about properties turned massive annoyances. What was cozy pre-pandemic turned claustrophobic, and that drove what Anderson mentioned was the commonest chorus realtors heard throughout that 2020-2021 time-frame—”the need for larger properties, the push to get as massive a house as doable.
“I do consider that for the following decade, folks will probably be taking a look at various things,” he says. “Individuals will probably be on the lookout for extra yard. Individuals will probably be on the lookout for extra at-home places of work. Individuals will probably be on the lookout for locations the place they’ll create independence of their properties.”
And the place will they get essentially the most of all of that? Most likely not Dallas.
Writer
Bethany Erickson
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Bethany Erickson is the senior digital editor for D Journal. She’s written about actual property, training coverage, the inventory market, and crime all through her profession, and generally all on the similar time. She hates lima beans and 5 a.m. and takes SAT observe checks for enjoyable.
Dallas, TX
Dallas Snowfall Totals: How much snow fell on Thursday and Friday?
DALLAS – North Texas got less snow than expected overnight.
FOX 4 Weather Meteorologist Evan Andrews said it was one of those crazy forecasts where some people got exactly what they expected, and others got the opposite.
“Some of you got that heavier precipitation [on Thursday]. Others were waiting for some overnight, and the precip overnight really never got going. We got a little bit of light snow on the backend but not a ton,” he said.
For snow lovers, the snow that was on the ground from Thursday is still there. However, the total accumulation did not increase much overnight.
Snowfall Totals (as of 4 a.m. Friday)
Overall, the areas of highest accumulation were north of Highway 182 in Cooke and Grayson counties. Areas like Gainesville, Sherman, and Bonham got more than 6 inches of snow.
A lot of people in Wise, Denton, and Collin counties got between 3 and 6 inches.
Fort Worth and North Dallas saw between 1 and 3 inches.
People south of Dallas got less than an inch of snow.
Thursday Snowfall (as of 9 p.m.)
Future Snowfall
No additional accumulation is expected on Friday, with the exception of maybe a few light flakes early Friday morning.
The Source: The information in this story comes from the FOX 4 Weather team.
Dallas, TX
Addison's WaterTower Theatre finds new stage for its summer musicals
For its 2025 season, Second Thought Theatre is going all-in on world premieres written by Dallas-Fort Worth playwrights.
While exploring the question of “What space does STT provide in DFW?” executive director Parker Davis Gray says, “STT is a place where audiences intentionally attend to be challenged by and wrestle with sharp new stories and an electric take on reimagined classics.”
The company likens this perspective to the work produced by the independent TV and film production company A24, and says that has inspired this upcoming season.
Opening Second Thought’s 21st season is Blake Hackler’s Healed, which follows Gail, who has been sick for 25 years.
Every doctor, every test, every treatment — none of it has worked. Now, with nothing left to lose, she sells everything and heads to a radical health center in the Texas Hill Country, run by the enigmatic and controversial Dr. T. Will this be her cure, her salvation, or something else entirely? It runs April 25-May 10, 2025.
Hackler’s previous work at STT includes the premieres of What We Were, The Necessities, and the 2018 Ibsen adaptation Enemies/ People.
Ringing in the summer is the sci-fi experiment Your Wife’s Dead Body, written by STT artistic associate Jenny Ledel in her playwriting premiere.
While Ledel is remembered for her performances in Belleville, Grounded, and What We Were, this shift to the other side of the table has been years in the making.
“Over the past few years, I’ve been reading Jenny’s plays and attending readings of her work,” says Gray, “she has such an accessible, inviting, and exciting voice that will resonate with Dallas as we begin to navigate the unknown landscape the next few years will bring us.”
Your Wife’s Dead Body takes place in the near future, as Jane takes advantage of a new AI technology that would extend her lifespan … even if she’s not around to see it for herself. A play about relationships, the nature of self, and what may or may not remain of us when we leave this life behind, this story asks us to consider the new and difficult questions humans may face as new technologies emerge.
Ledel’s world premiere will be directed by former STT artistic director (and Ledel’s husband) Alex Organ. It runs July 11-26, 2025.
To close out the 2025 season, STT will dive into a new genre with INCARNATE by STT’s own Parker Davis Gray.
Trapped in her cell, Rosamund is hellbent on escaping her fate while the Man who kidnapped her struggles with the consequences of what grief can do, and how far he will go to escape it. Can they live with themselves? Or more importantly, who else is living with them?
A horror/thriller that follows two artists over the course of a year in their seemingly pointless pursuit of creation while suffering under great grief. Directed by Jenna Burnett, who also directed the original reading at Undermain Theatre, it runs October 17-November 1, 2025.
In addition to a world premiere-packed season, STT will continue its year-long playwriting incubator program, Thought Process, andadd another development program to the docket.
2025 will be the inaugural year of Second Thought Theatre’s Associate Director Program, a year-long cohort aimed at providing professional development through education, exposure, and opportunity. Three early-career professionals will have the opportunity to assist on one production of the 2025 season, gain training and receive feedback from professional directors, spend the year working on scene study with STT artistic director Carson McCain, and then end their year with each director taking the lead on one to three readings.
“The purpose of this cohort is to fill a gap we currently see in the DFW arts community,” says McCain. “We want to offer early career directors a safe place to develop their craft and seek feedback from their peers and other professionals. We want this to be a group that allows directors to grow without the pressures of impressing a professional theater in order to be hired again. STT will serve as facilitators and educators, giving feedback, training, and a place to ask questions.”
Season subscriptions and individual tickets are now on sale at SecondThoughtTheatre.com. All productions will take place at Bryant Hall.
Second Thought Theatre Announces their new season centered around cost and consequence as they showcase the sharp and bold voices of local DFW playwrights.
Dallas, TX
Dallas Mavericks game moved up due to weather
DALLAS – The game between the Dallas Mavericks and Portland Trail Blazers has been moved up due to today’s weather.
Weather changes Mavs-Blazers tip-off time
What we know:
The Mavericks announced on Thursday that the game will start at 6:30 p.m., an hour earlier than their scheduled 7:30 start.
Doors to the American Airlines Center will open at 5 p.m.
The shift comes with the heaviest snow of the day expected on Thursday night.
The Mavericks are encouraging fans to check the latest weather conditions and consider riding the DART rail to Victory Station.
Dallas Weather Forecast
The heaviest snowfall is expected to begin after dark and continue past midnight. Moderate snow is expected for several hours in the early evening, starting around 8 p.m. Snowfall should mostly be over by sunrise Friday morning.
The Source: Information in this article comes from the Dallas Mavericks and the FOX 4 Weather team.
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