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The Travis Central Appraisal District says appraised values, or market values, of homes went up 56% this past year. But homeowners don't have to pay taxes on that amount.
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Texas school districts, cities and counties rely heavily on property taxes to pay for roads, libraries, police, firefighters and public schools. But lowering tax bills has long been a difficult endeavor.
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A new 10-year-plan, the start of a convention center overhaul, new residences and renewed office leasing are signals that Fort Worth’s downtown is putting the pandemic in the past.
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People of color have long struggled to break into the real estate developer industry. But the Equitable Development Initiative is aimed at changing that in Dallas. The program will support about 20 emerging real estate developers of color to grow their businesses.
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Low interest rates, high rents and working from home combined to push many young Americans to buy their first home over the last two years. But it's not without challenges.
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A new data analysis from the Texas Real Estate Research Center seeks to dismiss assumptions about Texas transplants driving up residential real estate.
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“Everyone always talks about New York and California, but I think Texas is going to be the place to be,” said Joseph Ash with New York City-based Kassin Sabbagh Realty. “The workforce is moving there, companies are moving there. To me, it’s the best state in the country.”
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Lack of home inventory and extreme high prices are among the factors keeping demand for homes down right now.
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Sales are up more than 9% over last year. The median price for Dallas, Tarrant, Collin and Denton counties exceeds $300,000.
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Sales of existing homes fell 6.6% in February from the month before. Meanwhile, prices are up 16% over the past year, giving homeowners about $2 trillion more in equity and widening the wealth gap.
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Wildfires and floods threaten tens of millions of properties in the U.S. But most Americans get little or no information about climate risks when they move.
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As Texans adjust to life under orders to stay at home during the new coronavirus pandemic — and scramble to cover expenses with incomes that were…