Wells Fargo expands aid for middle-income homebuyers in Dallas

Wells Fargo & Co. said that it made the $10,000 grants available to more Dallas communities, although buyers must meet income requirements.

Wells Fargo & Co. has expanded a grant program that can help middle-income households afford a down payment.

The bank said it made its Homebuyer Access Grants of $10,000 available to more Dallas communities for homebuyers who earn a combined 120% or less of the area median income in the county where the desired property is located.

The $10,000 grant funds are to be used solely for a down payment on a Wells Fargo fixed-rate conventional loan secured by a property that will be the purchaser’s primary residence, according to the announcement.

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Source: Dallas Business Journal

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One Dallas suburb edges out another as a top city for renters in 2024

Dallas suburb of McKinney has appeared at the top in RentCafe's "Best Cities for Renters to Live in 2024" report.

North Texans looking for their next apartment or house to rent should consider living in the Dallas suburb of McKinney, which was just ranked the No. 4 best city in the nation for renters.

This is the first time the north Dallas suburb has appeared at the top in RentCafe’s “Best Cities for Renters to Live in 2024” report. The apartment rental marketplace annually compares 150 U.S. cities based on their quality of life, local economy, and cost of living and housing opportunities.

Charleston, South Carolina maintained its position as the No. 1 best city for renters for the second consecutive year. Rounding out the top five top rental markets are Atlanta, Georgia (No. 2), Sarasota, Florida (No. 3), and Scottsdale Arizona (No. 5).

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Source: culture map DALLAS

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Lake Flato plans to create “vibrant, mixed-use waterfront district” on Fort Worth island

Lake Flato and HR&A Advisors have revised plans to reroute the Trinity River, creating a mixed-use island in Fort Worth, TX.

Architecture studio Lake Flato and HR&A Advisors have unveiled updated plans for a waterfront development that will reroute the Trinity River to create a mixed-use island in Fort Worth, Texas.

Created as part of the citywide Central City Flood Control Project, the Panther Island Project will transform 450 acres of land that are guarded by levees and fall within the Trinity River’s floodplain into a “vibrant, mixed-use waterfront district” separated from the rest of the city by a natural bend in the river and new bypass channel.

Fort Worth City Council approved the original plan for the Panther Island Project in the early 2000s.

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Source: dezeen

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High interest rates haven’t dampened demand for lake houses in Dallas area

Despite elevated mortgage rates and a somewhat cloudy residential real estate picture, the market for lake homes remains hot in North Texas

Despite elevated mortgage rates and a somewhat cloudy residential real estate picture, the market for lake homes remains hot in North Texas — sultry weather aside.

That’s partly because, while the average interest rate continues to hover near 7% for a 30-year mortgage, many lakeside buyers are paying cash for what is likely a vacation home, said Rogers Healy, a longtime North Texas broker and real estate entrepreneur.

And if they are borrowing money, buyers are often putting down 20% to 30%.

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Source: Dallas Business Journal

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More luxury brownstone homes planned in downtown Grapevine

More luxury brownstones are planned in downtown Grapevine, channeling similar developments seen in tony enclaves such as Southlake & Westlake.

More luxury brownstones are planned in downtown Grapevine, channeling similar developments seen in tony enclaves such as Southlake and Westlake.

Developers are close to buying land for 18 more townhouses for a second phase of The Grapevine Brownstones. Taylor-Duncan Interests LLC, NuCiti Capital and Cadence Homes of Texas expect to close on the 1.2 acres on July 15.

The site is valued by Tarrant Appraisal District for tax purposes at about $189,000.

The second phase would add to a 10-home first phase of the project being developed by NuCiti, which received zoning approval in March 2022, Community Impact reported. Those homes are under construction and are expected to be completed by August or September, NuCiti Managing Partner Greg Gifford said.

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Source: Dallas Business Journal

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Want a newly constructed home in Fort Worth for under $250K? This is what you’ll get.

National home builder Lennar, is churning out single-family houses priced between $230k & $270k, well below the median home cost in the city.

There isn’t much to see when peeling off I-35 South at Exit 40, one of the freeway’s final exits before Fort Worth blends into Burleson.

The frontage roads are boxed in by truck yards, fast food joints, and a warehouse-shaped church. Subdivisions and soon-to-be developed ranch land stretch farther beyond.

But a roughly two-mile drive east, along patchy, two-lane country roads, an apparent pocket of affordability is taking shape. Lennar, a national home builder, is churning out single-family houses priced between $230k and $270k, well below the median home cost in the city. A fresh new block of properties just hit the market; construction crews are hustling to piece together another.

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Source: yahoo!news

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Dallas ‘White House’ hits the market for eye-popping $40 million

Dubbed 'The White House of Dallas', the mansion at 10777 Strait Lane is back on the market. The asking price is $40 million.

This north Dallas estate is lavish, yet familiar. You’ve seen something like this before.

And no, the President of the United States doesn’t live here. But you could — if you’ve got $40 million to spare.

Dubbed ‘The White House of Dallas’, the mansion at 10777 Strait Lane is back on the market. The roughly 18,000-square-foot property has six bedrooms, seven full bathrooms and four partial baths. The Palladian Neoclassical home, built in 1996, was designed by Dallas architect Robbie Fusch.

French limestone, imported marble and hardwood floors reach 14-foot ceilings on both floors. An 18th-century Louis XV marble fireplace is the centerpiece of the home’s blue drawing room.

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Source: The Dallas Morning News

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Fort Worth approves new development for Stockyards

The Fort Worth City Council approved incentives this week for another phase of development in the historic Stockyards district.

The Fort Worth City Council approved incentives this week for another phase of development in the historic Stockyards district.

Why it matters: The Stockyards, once home to one of the largest livestock markets in the U.S., are intertwined with Fort Worth’s identity. The district continues to hold the world’s only twice-a-day cattle drive.

The new development aims to strike a balance between adding amenities and maintaining the district’s old-timey feel.

Flashback: The first phase of the Fort Worth Heritage Project, approved a decade ago, focused on redeveloping Mule Alley and opening Hotel Drover in the Stockyards. Fort Worth officials say the additions increased the area’s property value and have generated new sales tax revenue.

Visitors to the Stockyards have tripled, from 3 million to 9 million annually, over the past decade.

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Source: AXIOS

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North Texas realtors say the housing market is balancing out – and the market is hot

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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The swankiest retirement communities in Fort Worth

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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