High housing costs mean that North Texas is seeing more renters these days. A new national comparison of major markets finds that the Dallas-Fort Worth area is one of the best places to rent.D-FW ranked third nationally on Policygenius' renters index. Only Las Vegas and Phoenix scored higher as places to rent.The ranking was based on the cost of renting vs. buying, the number of renters in the market, rental costs and other factors."There were four major metro areas in Texas -- Dallas, Austin, El Paso and Houston -- that made the top 20," Policygenius analyst Hanna Horvath said. "El Paso came in second best for the price per square foot and fourth best for safety, which brought it up to ninth place overall in the index."Dallas, Austin and Houston fared consistently well across all categories, but the biggest difference between their scores was the price-to-rent ratio."While D-FW apartment rents are at an all-time high of about $1,150 a month, that's still below the nationwide average … [Read more...] about Dallas-Fort Worth ranked as a top market for renters
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The rise in home prices in North Texas has pushed home foreclosure rates to some of the lowest levels ever recorded. Nationwide foreclosure activity fell 13% in April from a year ago — the 10th consecutive month of year-over-year foreclosure decline, according to newest numbers from Attom Data Solutions.In the Dallas-Fort Worth area, the number of homes facing forced sale by lenders was down about 7% from April 2018 levels with less than 600 houses posted for foreclosure.Back during the housing market shakeout a decade ago, thousands of D-FW homes a month were scheduled for foreclosure. In 2007, more than 55,000 North Texas homes were threatened with foreclosure in North Texas.But last year, foreclosure postings in the area were down to about 7,300 in D-FW.Not every house posted for foreclosure is actually sold by lenders. In many cases the borrower works out a new deal or the foreclosure is delayed.Out of the major U.S. markets Attom Data Solutions tracks, New York … [Read more...] about Home foreclosure totals keep falling in Dallas-Fort Worth, U.S.
Strong storms that moved through Texas on Wednesday, producing damaging winds and even some tornadoes, were costly for Texas businesses and homeowners. Approximately 6,000 wind-related claims have been filed across the state, with losses totaling an estimated $30 million — and the majority of the claims are from the Dallas-Fort Worth area, according to Mark Hanna, a spokesman for the Insurance Council of Texas, a trade organization. “That’s what we are looking at now with what we think will be the majority of the claims coming into insurers,” Hanna said. But he added: "I would not be surprised to see the number of claims hit 10,000, making it a $50 million storm."State Farm Group has received 830 claims across Texas, with the majority coming from homes in Dallas, Collin, Denton, Johnson and Tarrant counties, according to spokesman Chris Pilcic. … [Read more...] about How costly were storms in Dallas-Fort Worth this week? Texas damage estimates are in
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Hail comes in all shapes and sizes, from as tiny as a BB gun pellet to as large as a softball, and it can create some serious problems, from dings on cars to significant roof damage. Often hail can rain down with little to no warning, which was the case early Thursday for residents of Haslet, where a line of storms swept through the area north of Fort Worth, producing hail up to 1.3 inches in diameter, according to KXAS-TV (NBC5).A Dallas Morning News reader wanted to know if certain areas of Dallas-Fort Worth more prone to hailstorms than others? So the reader asked Curious Texas, an ongoing project from The Dallas Morning News that invites you to join in our reporting process. The idea is simple: You have questions, and our journalists are trained to track down answers.You can send us your Curious Texas questions by texting "DMN" to 214-817-3868. Follow the prompts and introduce yourself to us, share your story or questions, and we'll text you with information as we report … [Read more...] about Are parts of Dallas-Fort Worth magnets for hailstorms? Curious Texas investigates