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    Solid foundation

    New foundation honors legacy of beloved Dallas real estate legend

    Leah Shafer
    Oct 8, 2018 | 8:59 am
    Ebby Halliday Acers, Flora Award
    Ebby Halliday Acers said, "Do something for someone every day."
    Photo by Daniel Driensky

    Ebby Halliday Acers was wildly successful in real estate, opening the doors to successful careers for thousands of people. She was also widely admired for her passionate leadership and tireless altruism throughout her life.

    This Texas legend is being honored with a namesake foundation that will continue her incredible philanthropic work across North Texas. The Ebby Halliday Foundation, a 501(c)(3) organization, supports charitable and educational activities that serve women and children in need in the greater North Texas region. Ebby passed away in 2015 at age 104.

    “That’s what Ebby did during her lifetime — she helped people and helped organizations [so this foundation will] continue doing that,” said Ron Burgert, chief financial officer of the Ebby Halliday Companies and a founding member of the board of directors of the Ebby Halliday Foundation. “I knew Ebby all my life and she would absolutely be smiling about this and wanting us to carry on after she is gone.”

    Among the many tributes to Ebby’s philanthropic legacy in North Texas are Juliette Fowler Communities’ The Ebby House, an innovative transitional community for young women who have experienced foster care or have been abandoned, displaced or abused; the WiNG’s Center at Ebby’s Place, which helps lift economically challenged working women out of poverty; and the Ebby Halliday Library at Happy Hill Farm in Granbury, a 500-acre farm that is home to North Central Texas Academy, an independent college-preparatory day, boarding and international school which seeks out underserved students.

    And in 2011, she was honored with the new building and naming of the Ebby Halliday Elementary School in Southeast Dallas.

    Ebby founded Ebby Halliday Realtors in 1945. The Dallas-based company, recently acquired by HomeServices of America, Inc., a Berkshire Hathaway affiliate, also owns Dave Perry-Miller Real Estate in Dallas and Williams Trew Real Estate in Fort Worth.

    “Each of us who had the good fortune of knowing Ebby was touched by the grace, fortitude and compassion with which she lived her life,” said Mary Frances Burleson, president and chief executive officer of the Ebby Halliday Companies and a founding member of the board of directors of the Ebby Halliday Foundation. “Ebby had a very simple saying that she lived by, ‘Do something for someone every day.’ That small bit of wisdom served Ebby very, very well and has had a tremendous impact on many individuals and organizations in North Texas.”

    Throughout her life, Ebby was dedicated to her profession and her fellow man. She was honored with The Horatio Alger Association of Distinguished Americans award, which honors the simple but powerful belief that hard work, honesty, and determination can conquer all obstacles.

    “For Ebby, a successful life was about much more than extraordinary sales figures,” said Kay Weeks, a sales associate with Ebby’s Little White House office. “Ebby’s other great passion was service to the community she proudly called home. Ebby’s, and our company’s, philanthropic influence on North Texas cannot be overstated. Ebby did not have children of her own, but she helped educate and support many young people.”

    In addition, at Ebby’s Little White House, there is a patio that is being replaced with brick. People can purchase a brick and have it inscribed as they want for $250, with proceeds going back to the foundation.

    ---

    A version of this story originally was published on CandysDirt.com.

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    housing news

    This is how much longer Texans must save for a home than in 2016

    Amber Heckler
    Jul 6, 2026 | 2:25 pm
    House fund jar
    Photo by Sandy Millar on Unsplash
    It would take 7.2 years for Texans making the state's median household income of $84.084 to save enough money for a down payment on a house in 2026.

    It's no secret that purchasing a home in 2026 has become an ever-shifting financial goalpost that requires a lot more money than it used to. And a new study has just revealed it takes 9 months longer for Texas residents to save for a down payment than it did a decade ago.

    SmartAsset's new report, "Where the Down Payment Burden Has Grown Most," analyzed typical home values in each state in 2016 and 2026, and compared them with median household income to estimate how many years of savings would be required to afford a 20 percent down payment (based on the assumption that households set aside 10 percent of their annual income). The analysis also evaluated how long a minimum-wage earner in each state would need to save for a down payment in 2026.

    For Texas households making a median income of $84,084 in 2026, it would take 7.2 years to save enough money for a down payment on a house with the state's typical home value of $302,187.

    In 2016, it would have taken a little less than 6.5 years based on a median household income of $56,565 and typical home values at $181,155.

    Texas ranks 41st nationally in SmartAsset's comparison of states with the highest increases in the amount of time needed to save for a down payment from 2016 to 2026. The report's findings proved how "saving for a down payment has become a moving target" for many Texas residents and Americans as a whole.

    "As rising home prices outstrip wage growth, the amount of time buyers may need to set aside enough money has changed sharply in many parts of the country," the report said. "In some states, rising incomes have helped offset higher home values. In others, buyers may face a substantially longer path to ownership than they did just one decade ago."

    Homebuying prospects for minimum wage earners
    For a minimum wage earner residing in Texas, it would take 40.1 years to save enough money for a down payment at current home prices. Texas and 19 other states have a $7.25 hourly minimum wage, which amounts to just over $15,000 a year.

    SmartAsset further confirmed that it's "essentially impossible" to save for a down payment on a minimum wage income alone regardless of which state you live in.

    "Even in Missouri, the most favorable state, a minimum-wage earner would need 17 years to save enough for a home down payment," the report added. "In Utah, that timeline exceeds 70 years."

    The top 10 states where the "down payment burden" has grown the most are:

    • No. 1 – Idaho
    • No. 2 – Rhode Island
    • No. 3 – New Hampshire
    • No. 4 – Maine
    • No. 5 – Utah
    • no. 6 – Montana
    • No. 7 – Washington
    • No. 8 – New Jersey
    • No. 9 – New York
    • No. 10 – Massachusetts
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