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    Real Estate Rumblings

    Dallas homeownership rate climbs to record high during pandemic, report says

    John Egan
    Nov 24, 2020 | 11:09 am
    Home for sale sold sign
    Dallas-Fort Worth's homeownership rates are soaring.
    Photo by Ariel Skelley/Getty

    Buoyed by historically low mortgage rates and robust home sales activity, Dallas is basking in record-high homeownership rates.

    In the third quarter of this year, the homeownership rate in Dallas-Fort Worth climbed to 69 percent, according to a report released November 17 by the Texas A&M University Real Estate Center.

    That compares with 64.9 percent in the second quarter of this year and 61.5 percent in the third quarter of 2019. Federal homeownership data for DFW dates back to 2005.

    Statewide, Texas’ homeownership rate clocks in at an all-time high of 70 percent, exceeding the nation’s 67.4 percent for the first time since 2012, according to the report.

    "Strong sales activity during the third quarter pushed the Texas homeownership rate to the unprecedented high," says TAMU Real Estate Center’s chief economist Jim Gaines in the report. "Nationally, homeownership fell across all races and every age group, except those 65 and older."

    And while DFW has seen growth, the numbers are even higher in Austin. In the Austin metro area, the homeownership rate skyrocketed to 74.7 percent in the third quarter of this year, up almost 9 percentage points from 65.8 percent in the second quarter.

    The Real Estate Center notes that, among the state's four major metro areas, Austin’s homeownership rate is the highest for the first time in 12 years.

    Elsewhere in Texas, the homeownership rate in the San Antonio rate barely budged. The report shows the rate went from 66 percent in the second quarter of this year to 66.3 percent in the third quarter. That compares with 61.1 percent in the third quarter of last year and the record high of 76 percent in the fourth quarter of 2004. San Antonio’s data goes back to 1996.

    Houston, which has been battered by the pandemic recession and a downtown in the oil industry, saw the regional homeownership rate drop from the second quarter of this year (67.9 percent, a record high) to the third quarter (65.5 percent), the report says. In the third quarter of last year, the rate sat at 61.9 percent. Houston’s data dates back to 2005.

    Gaines warns that homeownership rates around Texas could slide next year as pandemic-era protections against home foreclosures expire.

    "Homeownership could suffer in 2021," he says, "as COVID-19 foreclosure-protection policies expire. Texas has a higher proportion of Federal Housing Administration and Veterans Administration loans."

    reports
    news/real-estate
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    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

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