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    Coronavirus News

    COVID-19's effect on Dallas real estate market will benefit the suburbs

    Terry Tremaine
    Jun 25, 2020 | 9:17 am
    House for sale sign
    Head to the suburbs.
    Photo by fstop123/Getty Images

    Editor's note: Terry Tremaine is the 2020 President of The MetroTex Association of Realtors is the largest Realtor association in North Texas and sixth-largest real estate association in the U.S.

    ----------------

    COVID-19 has disrupted lives with health concerns, financial struggles, and restrictions on activities. Amidst this uncertainty, real estate professionals, buyers, sellers, landlords, tenants, and investors are trying to figure out the best course forward.

    According to Dr. James Gaines, chief economist for the Real Estate Center at Texas A&M University, sales of existing homes in Texas fell in May to their lowest level since 2012.

    "The month of May marked the housing market's deepest decline thus far during the ongoing COVID-19 pandemic," Gaines says in a release. "Texas' existing-home sales plummeted 32 percent year over year on top of a 22 percent slide in April."

    Single-family homes performed better than condominiums and townhomes.

    I recently listened to Dr. Gaines on a webinar regarding the coronavirus crisis and what it means to consumers. Here are a couple of takeaways I found very important.

    Home sales on hold
    Three things have a positive effect home sales — low interest rates, job growth, and inventory — and right now, only one of those is guaranteed.

    Interest rates are anticipated to stay low for an indefinite period of time. It's been proven in the past that there is no better way to come out of a recession than "cheap money."

    Job growth is a challenge. Gaines worries that there won't be enough jobs for those who were furloughed or laid off.

    Inventory is down. Active listings in May 2020 were down across the board:

    • 11.8 percent down in Dallas County
    • 15.2 percent down in Tarrant County
    • 22.3 percent down in Denton County
    • 10.7 percent down in Rockwall County

    Active listings need to rebound, but buyers and sellers are on pause.

    Suburbs trending
    The suburban market is going to have a lot more demand than we've seen in the last decade. The same is true for communities within 40 minutes of a major urban area.

    As managers and business owners have gotten comfortable with remote work, there are more opportunities for people to live 40 minutes away and get their job done remotely.

    We may have changes on the horizon, but as we have proven before, North Texas is resilient and in the end, we will come out of this with stronger communities and neighborhoods.

    -------------

    A version of this story appeared on Candy's Dirt.

    sciencerent
    news/real-estate

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    hottest zips

    Surprising Dallas neighbor ranks among hottest ZIP codes in U.S.

    Amber Heckler
    Nov 28, 2025 | 2:30 pm
    Lavon, Texas
    City of Lavon/Facebook
    Movers are loving Lavon for its small-town feel and proximity to the big city.

    A recent analysis of American relocation trends has revealed the small city of Lavon outside Dallas was one of the top five hottest ZIP code for movers nationwide in October 2025.

    Lavon's 75166 ZIP code ranked No. 5 on MovingPlace's new list ranking the U.S. cities with the highest number of new movers per 1,000 current residents during the month of October.

    According to the study's data, 961,650 moves took place across the nation last month. Lavon (population: 13,800) saw 10.8 moves per 1,000 residents in October, the fifth highest moving rate out of all U.S. cities.

    Lavon is located 32 miles northeast of Dallas in Collin County. It was praised as a highly sought-after locale for movers who want to live somewhere affordable outside Dallas while still reaping the benefits from a community with a small-town feel.

    The report also added that Lavon's 75166 ZIP was the No. 1 hottest ZIP code in September, but relocations dipped 7.7 percent from September to October.

    "When looking at the top ZIP codes in each state, it’s clear that less populated ZIP codes often show dramatic month-over-month increases, sometimes exceeding 100 percent," the report said. "Larger cities, by contrast, maintain consistently high move volumes without extreme spikes, because their larger populations dampen the impact of individual moves."

    These are the top 10 hottest U.S. ZIP codes based on moves per capita in October:

    • No. 1 – 78616 in Dale, Texas
    • No. 2 – 34987 in Port Saint Lucie, Florida
    • No. 3 – 37228 in Nashville, Tennessee
    • No. 4 – 80019 in Aurora, Colorado
    • No. 5 – 75166 in Lavon, Texas
    • No. 6 – 32461 in Inlet Beach, Florida
    • No. 7 – 10004 in New York, New York
    • No. 8 – 43137 in Lockbourne, Ohio
    • No. 9 – 30346 in Atlanta, Georgia
    • No. 10 – 78656 in Maxwell, Texas

    The hottest U.S. ZIP codes by total move volume
    Five Texas ZIPs ranked among MovingPlace's separate analysis of the top 10 hottest U.S. ZIP codes based on total move volume.

    McKinney's ever-popular 75071 ZIP code ranked No. 5 on the list after gaining 298 new residents last month, only 72 residents shy from No. 1-ranking Washington, D.C.'s new resident count.

    This North Dallas suburb also previously ranked as the No. 8 most popular ZIP for movers during the first five months of 2025.

    The report said McKinney's most attractive qualities are its safety, its high-performing schools, and its proximity to outdoor recreational activities. it also helps that the suburb consistently ranks as the No. 1 hottest housing market in America, and it frequently tops lists comparing the best cities for renters or the most affordable cities in the U.S.

    The top 10 hottest American ZIP codes in October based on total move volume were:

    • No. 1 – 20002 in Washington, D.C.
    • No. 2 – 78130 in New Braunfels, Texas
    • No. 3 – 78641 in Leander, Texas
    • No. 4 – 77433 in Cypress, Texas
    • No. 5 – 75071 in McKinney, Texas
    • No. 6 –32256 in Jacksonville, Florida
    • No. 7 –77493 in Katy, Texas
    • No. 8 – 85142 in Queen Creek, Arizona
    • No. 9 – 98052 in Redmond, Washington
    • No. 10 – 28269 in Charlotte, North Carolina
    suburbreal estatehousing marketmovingmckinneydallas
    news/real-estate
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