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    Lucky Dallas Homebuyers

    The luckiest homebuyers in Dallas live in these neighborhoods

    Jennifer Chininis
    Marcy de Luna
    Jul 27, 2015 | 11:52 am
    3520 Granada
    University Park denizens have seen their homes appreciate the most in the last decade, according to Zillow.
    Photo courtesy of Briggs Freeman

    Many Dallas homeowners are feeling lucky these days, as they’ve watched their home values increase — dramatically, in some cases. But which neighborhoods have seen the greatest appreciation? Zillow researchers answered that question in a recent study.

    They analyzed cities with populations over 50,000 to find the country’s luckiest homebuyers — those who bought in the right place at the right time. On the metro level, they looked at towns with populations of 10,000 or more. According to Zillow, the “right time” was the lowest point in the market since the housing crash. The analysis focused on home purchases since January 2006. (Zillow began tracking home values in 2008 but has home value data going back prior to 2006.)

    In Dallas, the luckiest neighborhood is University Park, where values have grown 54.6 percent since January 2006, from $808,000 to $1,248,800. Lancaster takes the No. 2 spot, where the right time to buy was September 2012, and houses have appreciated 45.4 percent, from $76,400 to $111,100.

    No. 3 is Balch Springs, which has experienced a 44.1 percent increase in home values — $55,800 to $80,400 — since the lowest point in February 2012. Coming in fourth is McKinney, where the right time to buy was November 2011. Values have since risen 40.9 percent, from $167,700 to $236,300.

    The fifth luckiest area is Cross Roads in Denton County. Homeowners who bought in August 2011 have seen their values increase 39.7 percent, from $122,300 to $170,900.

    Across the nation, most of the luckiest homeowners live in California, as the state claims eight of the top 10 spots: Palo Alto (1), Richmond (2), Pittsburg (3), San Pablo (5), Vallejo (6), Antioch (7), Mountain View (9) and Hayward (10). Leigh Acres in Florida takes the No. 4 spot, and North Las Vegas in Nevada slides in at No. 8.

    home-for-sale
    news/real-estate

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    Housing News

    Dallas approves $14.5 million for Buckner DART station project

    Raven Jordan
    May 16, 2025 | 6:27 pm
    Palladium Buckner Station Project
    Courtesy rendering
    Palladium Buckner Station Project

    The Dallas City Council unanimously approved a $14.5 million incentive for the Palladium Buckner Station Project, a proposed mixed-income and transit-oriented development project at the Dallas Area Rapid Transit (DART) Buckner Light Rail Station at 8008 Elam Rd.

    The estimated $107.1 million project is being developed by multi-family developer Palladium USA in partnership with Dallas Housing Finance Corporation and will be built on a space that is currently a parking lot.

    It will include new ground-up construction of residential buildings to include 304 mixed-income apartments comprised of 90 one-bedroom, 147 two-bedroom, and 67 three-bedroom units. Of the 304 apartments, 244 will be income-restricted and leased solely to households earning at or below 60 percent area family median income.

    There will also be two residential parking garages with 350 spaces, and a publicly accessible promenade providing a direct pedestrian connection to the DART Buckner Light Rail Station.

    City Council member Jaime Resendez, in whose southeast Dallas District 5 the project resides, says in a statement that "this development directly addresses the City’s urgent need for high-quality affordable housing and has the potential to catalyze meaningful economic development and revitalization in a community that truly needs it."

    The $14.5 million incentive includes a loan of $6,183,092 and a grant of $8,316,907 from several funding sources administered by the City’s Office of Economic Development, including general obligation bond proceeds from the economic development/housing propositions in the City’s bond programs.

    The proposal is one of five transit-oriented development projects on DART-owned property up for review, with a goal to increase DART ridership by providing a mix of market-rate and affordable housing that easily connect to DART.

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