• Home
  • popular
  • Events
  • Submit New Event
  • Subscribe
  • About
  • News
  • Restaurants + Bars
  • City Life
  • Entertainment
  • Travel
  • Real Estate
  • Arts
  • Society
  • Home + Design
  • Fashion + Beauty
  • Innovation
  • Sports
  • Charity Guide
  • children
  • education
  • health
  • veterans
  • SOCIAL SERVICES
  • ARTS + CULTURE
  • animals
  • lgbtq
  • New Charity
  • Series
  • Delivery Limited
  • DTX Giveaway 2012
  • DTX Ski Magic
  • dtx woodford reserve manhattans
  • Your Home in the Sky
  • DTX Best of 2013
  • DTX Trailblazers
  • Tastemakers Dallas 2017
  • Healthy Perspectives
  • Neighborhood Eats 2015
  • The Art of Making Whiskey
  • DTX International Film Festival
  • DTX Tatum Brown
  • Tastemaker Awards 2016 Dallas
  • DTX McCurley 2014
  • DTX Cars in Lifestyle
  • DTX Beyond presents Party Perfect
  • DTX Texas Health Resources
  • DART 2018
  • Alexan Central
  • State Fair 2018
  • Formula 1 Giveaway
  • Zatar
  • CityLine
  • Vision Veritas
  • Okay to Say
  • Hearts on the Trinity
  • DFW Auto Show 2015
  • Northpark 50
  • Anteks Curated
  • Red Bull Cliff Diving
  • Maggie Louise Confections Dallas
  • Gaia
  • Red Bull Global Rally Cross
  • NorthPark Holiday 2015
  • Ethan's View Dallas
  • DTX City Centre 2013
  • Galleria Dallas
  • Briggs Freeman Sotheby's International Realty Luxury Homes in Dallas Texas
  • DTX Island Time
  • Simpson Property Group SkyHouse
  • DIFFA
  • Lotus Shop
  • Holiday Pop Up Shop Dallas
  • Clothes Circuit
  • DTX Tastemakers 2014
  • Elite Dental
  • Elan City Lights
  • Dallas Charity Guide
  • DTX Music Scene 2013
  • One Arts Party at the Plaza
  • J.R. Ewing
  • AMLI Design District Vibrant Living
  • Crest at Oak Park
  • Braun Enterprises Dallas
  • NorthPark
  • Victory Park
  • DTX Common Desk
  • DTX Osborne Advisors
  • DTX Comforts of Home 2012
  • DFW Showcase Tour of Homes
  • DTX Neighborhood Eats
  • DTX Comforts of Home 2013
  • DTX Auto Awards
  • Cottonwood Art Festival 2017
  • Nasher Store
  • Guardian of The Glenlivet
  • Zyn22
  • Dallas Rx
  • Yellow Rose Gala
  • Opendoor
  • DTX Sun and Ski
  • Crow Collection
  • DTX Tastes of the Season
  • Skye of Turtle Creek Dallas
  • Cottonwood Art Festival
  • DTX Charity Challenge
  • DTX Culture Motive
  • DTX Good Eats 2012
  • DTX_15Winks
  • St. Bernard Sports
  • Jose
  • DTX SMU 2014
  • DTX Up to Speed
  • st bernard
  • Ardan West Village
  • DTX New York Fashion Week spring 2016
  • Taste the Difference
  • Parktoberfest 2016
  • Bob's Steak and Chop House
  • DTX Smart Luxury
  • DTX Earth Day
  • DTX_Gaylord_Promoted_Series
  • IIDA Lavish
  • Huffhines Art Trails 2017
  • Red Bull Flying Bach Dallas
  • Y+A Real Estate
  • Beauty Basics
  • DTX Pet of the Week
  • Long Cove
  • Charity Challenge 2014
  • Legacy West
  • Wildflower
  • Stillwater Capital
  • Tulum
  • DTX Texas Traveler
  • Dallas DART
  • Soldiers' Angels
  • Alexan Riveredge
  • Ebby Halliday Realtors
  • Zephyr Gin
  • Sixty Five Hundred Scene
  • Christy Berry
  • Entertainment Destination
  • Dallas Art Fair 2015
  • St. Bernard Sports Duck Head
  • Jameson DTX
  • Alara Uptown Dallas
  • Cottonwood Art Festival fall 2017
  • DTX Tastemakers 2015
  • Cottonwood Arts Festival
  • The Taylor
  • Decks in the Park
  • Alexan Henderson
  • Gallery at Turtle Creek
  • Omni Hotel DTX
  • Red on the Runway
  • Whole Foods Dallas 2018
  • Artizone Essential Eats
  • Galleria Dallas Runway Revue
  • State Fair 2016 Promoted
  • Trigger's Toys Ultimate Cocktail Experience
  • Dean's Texas Cuisine
  • Real Weddings Dallas
  • Real Housewives of Dallas
  • Jan Barboglio
  • Wildflower Arts and Music Festival
  • Hearts for Hounds
  • Okay to Say Dallas
  • Indochino Dallas
  • Old Forester Dallas
  • Dallas Apartment Locators
  • Dallas Summer Musicals
  • PSW Real Estate Dallas
  • Paintzen
  • DTX Dave Perry-Miller
  • DTX Reliant
  • Get in the Spirit
  • Bachendorf's
  • Holiday Wonder
  • Village on the Parkway
  • City Lifestyle
  • opportunity knox villa-o restaurant
  • Nasher Summer Sale
  • Simpson Property Group
  • Holiday Gift Guide 2017 Dallas
  • Carlisle & Vine
  • DTX New Beginnings
  • Get in the Game
  • Red Bull Air Race
  • Dallas DanceFest
  • 2015 Dallas Stylemaker
  • Youth With Faces
  • Energy Ogre
  • DTX Renewable You
  • Galleria Dallas Decadence
  • Bella MD
  • Tractorbeam
  • Young Texans Against Cancer
  • Fresh Start Dallas
  • Dallas Farmers Market
  • Soldier's Angels Dallas
  • Shipt
  • Elite Dental
  • Texas Restaurant Association 2017
  • State Fair 2017
  • Scottish Rite
  • Brooklyn Brewery
  • DTX_Stylemakers
  • Alexan Crossings
  • Ascent Victory Park
  • Top Texans Under 30 Dallas
  • Discover Downtown Dallas
  • San Luis Resort Dallas
  • Greystar The Collection
  • FIG Finale
  • Greystar M Line Tower
  • Lincoln Motor Company
  • The Shelby
  • Jonathan Goldwater Events
  • Windrose Tower
  • Gift Guide 2016
  • State Fair of Texas 2016
  • Choctaw Dallas
  • TodayTix Dallas promoted
  • Whole Foods
  • Unbranded 2014
  • Frisco Square
  • Unbranded 2016
  • Circuit of the Americas 2018
  • The Katy
  • Snap Kitchen
  • Partners Card
  • Omni Hotels Dallas
  • Landmark on Lovers
  • Harwood Herd
  • Galveston.com Dallas
  • Holiday Happenings Dallas 2018
  • TenantBase
  • Cottonwood Art Festival 2018
  • Hawkins-Welwood Homes
  • The Inner Circle Dallas
  • Eating in Season Dallas
  • ATTPAC Behind the Curtain
  • TodayTix Dallas
  • The Alexan
  • Toyota Music Factory
  • Nosh Box Eatery
  • Wildflower 2018
  • Society Style Dallas 2018
  • Texas Scottish Rite Hospital 2018
  • 5 Mockingbird
  • 4110 Fairmount
  • Visit Taos
  • Allegro Addison
  • Dallas Tastemakers 2018
  • The Village apartments
  • City of Burleson Dallas

    Candy News

    Up or down: Which Dallas COVID-19 real estate report should you believe?

    Jon Anderson
    Jun 29, 2020 | 11:17 am
    104 Morningview Park Houston house for sale
    One report says houses are more affordable right now.
    Photo courtesy of Compass

    Two seemingly contradictory reports were issued on June 25 on the state of the nation's real estate market.

    One by Realtor.com claimed that the luxury housing market is back. The other, by Attom, said that home affordability was increasing.

    One says wealthy checkbooks are open. The other says many people will be writing a smaller check. What gives?

    Realtor.com
    Realtor.com is a website, and part of their methodology is to measure what people search for and where they click. So really, research by navel contemplation. Since they don't marry those searches and clicks with actual buying, there's a disconnect between putzing around on a website and purchasing.

    In order for me to get excited about what Realtor.com is purporting, I'd want to tie clicks to buying and the time that journey takes. I'd also want to understand the lookie-loo quotient – you know, when you look at bazillion-dollar homes to get design ideas for your tin shack.

    Realtor.com has measured those clicks for years and is able to track increases and decreases which is what they report as a sign of a market segment's health.

    The "Luxury's Back" headline almost exclusively referred to increases in search activity in luxury suburban markets outside former COVID-19 hotspots like New York City and Los Angeles: The Hamptons; Greenwich, Connecticut; three New Jersey counties outside New York City; and Palm Springs, outside Los Angeles.

    To be fair, Realtor.com does say that "COVID-19 hit these regions hard and early compared to the rest of the country, prompting potential buyers to reassess their needs and priorities."

    Since Texas learned nothing from New York's so-far-successful handling of COVID-19, will Dallas’ outer suburbs and exurbs reap rewards after we've put out our new viral fire?

    Realtor.com says that $1 million-plus property listings in Dallas were down 24 percent in May and down 2 percent in asking price versus a year ago, but that searches were only down 2 percent – meaning listings took a much larger hit than buyer interest. It also might be saying that the 2 percent decrease in prices might equate to a few hugely expensive listings not coming to market.

    It's also important to understand that the $1 million-plus market in Dallas is less than 2 percent of the market, making it easy to skew.

    ATTOM Data Solutions
    Attom’s second quarter U.S. Affordability Report isn't focused on the luxury market; "affordability" in the title being a clue. They measure 406 counties with populations over 100,000 that had more than 50 housing units change hands.

    When they say affordable, home prices (and their resulting mortgages) are only one component that also includes wage growth, property taxes, and insurance. Swirled together, they report on how affordable a county is calculating a median-priced home, a 3 percent down payment, and a 28 percent debt-to-income ratio for housing balanced against the wage required to afford that home versus average local wages. Consider it a ratio of what ya got versus what it costs.

    Here it is by county:

    Dallas County
    median home $278,875
    average wage $71,097
    % of annual wage to own: 30.6 percent

    Tarrant County
    median home $251,830
    average wage $57,798
    % of annual wage to own: 31.7 percent

    Denton County
    median home $310,000
    average wage $51,532
    % of annual wage to own:45.3 percent

    Collin County
    median home $347,438
    average wage $68,406
    % of annual wage to own: 38.5 percent

    In the second quarter, 200 of those 406 counties that ATTOM measured are more affordable, up from last year when only 126 were deemed affordable. ATTOM cites increased wages and falling mortgage rates as the main drivers. But while more affordable, 74 percent of average wage earners would have to spend more than 28 percent of their wages on housing – putting them at greater financial risk.

    In Dallas County, a median-priced home ($278,875) would require 30.6 percent of an average $71,097 annual wage. In Denton County, it’s 45.3 percent of average wages.

    The number one unaffordable spot was taken by Marin County, California, north of San Francisco. There, you’d need 109.4 percent of average annual wages to buy a home.

    What’s interesting about this calculation is that it brings together the multiple financial pieces needed to understand how much people can pay. Lower interest rates and higher wages lower a monthly nut even when there’s some level of price appreciation. A small win-win for buyers and sellers.

    This is especially true for Dallas where prices have increased rapidly since the end of the last recession. ATTOM notes that in the past year, Dallas County home prices were up 11 percent. While lower interest rates and increased wages can’t make up for that, they make a dent – Dallas ranks fourth in prices outpacing wage increases year-over-year.

    Unemployment will be the decider
    The sky isn’t falling anywhere. Interest rates, investment gains, and wage increases are giving both ends of the market stabilizing confidence. We’re still behind in new home construction, and while April was down more, May was still down 12 percent year-over-year. This will tighten supply further and likely drive up prices. While there is contraction in home sales, it’s in large part driven by fewer listings, as market dynamics seem to be pointing to an unemployment picture that’s impacting renters more than buyers.

    According to a Gallup poll, of workers earning less than $36,000 per year, 95 percent have either been laid off (37 percent) or suffered reduced pay (58 percent), yet only 30 percent of those laid off have been approved to receive unemployment benefits.

    So yeah, the home buying and selling market remains little changed with some potential bright spots – but take it with a pinch of survivors' guilt, if you still have a job.

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

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

    home-for-sale
    news/real-estate

    most read posts

    Dallas farm-to-table champion Profound Farms closes produce operation

    Greyhound bus finds new location to replace downtown Dallas terminal

    Dallas approves $14.5 million for Buckner DART station project

    Home For Sale

    Once-in-a-century 3-acre estate for sale in Dallas' Preston Hollow

    Teresa Gubbins
    May 20, 2025 | 10:58 am
    9511 Inwood Rd.
    The Agency Dallas
    9511 Inwood Rd.

    A once-in-a-generation estate has hit the market in Dallas' Preston Hollow neighborhood. Located at 9511 Inwood Rd., the home is being offered for sale for the first time in more than a century, having remained under the stewardship of the same family since at least 1940 when the current home was built.

    Situated on nearly three acres on a corner lot, it's an English-style estate surrounded by century-old hardwoods and manicured landscaping, creating a private sanctuary in the middle of the city.

    There's a main residence, guest quarters, and two workshops, one featuring a rail-mounted hoist and enhanced electrical systems.

    Listed for $7,500,000, the home has 4,675 square feet with four bedrooms, 4.5 bathrooms, and a five-car garage.

    The property is free from both floodplain and historic designation, allowing a buyer to remodel, rebuild, or (ugh) subdivide. It also has three curb cuts — two on Inwood Road and one on Park Lane — with the possibility of a posh Park Lane address.

    It's also zoned for horses and other animals, and a perimeter privacy wall can be added.

    According to listing agent Andrea Childress with The Agency Dallas, the property was originally known as Sunnyslope Estate, and was developed more than 100 years ago by oilman M.H. Marr, who was searching for a place to settle with his family when he discovered the tract of land on what was then the edge of Dallas and is now in the heart of Preston Hollow.

    Marr's wife, Adah Yale Marr, was known for her prominent social presence, entertaining various figures and hosting business gatherings with Dallas families like the Hunts, Meadows, and DeGolyers among their guests.

    9511 Inwood Rd.
      

    The Agency Dallas

    9511 Inwood Rd.

    Childress calls it "more than just a listing—it’s a landmark."

    "Properties like this simply don’t exist anymore, especially with this kind of acreage, location, and legacy,” she says.

    home-for-sale
    news/real-estate
    CULTUREMAP EMAILS ARE AWESOME
    Get Dallas intel delivered daily.
    Loading...