real estate

A coalition of local nonprofits, foundations and affordable housing developers have created a working group called HOME Fort Worth to formally support the city of Fort Worth’s efforts to increase workforce housing.

After some explosive growth in the past few years, the Dallas-Fort Worth industrial market is slowing down. But the local market remains strong long term, real estate officials say.

Donald R. Horton, founder and chairman of the board for D.R. Horton Inc., died suddenly Thursday night, the company announced.

The board members don’t make decisions regarding property values – but they do hire the chief appraiser and appoint appraisal review board members.

A proposed $850 million mixed-use development at the former site of the Fort Worth Independent School District central administration received unanimous approval for zoning changes requested for the project. No one spoke in opposition to the project.

As developer interest in Panther Island increases, the city is creating a plan to allow buildings of up to 20 stories or 324 feet in certain areas along North Main Street in the project.

The Justice Department has filed its first predatory mortgage lending case against a Texas developer accused of luring tens of thousands of Hispanic homebuyers into “bait and switch” sales through platforms like TikTok. The lawsuit filed Wednesday focuses on a large development northeast of Houston.

Bob McCranie, a Dallas based real estate broker, created Flee Red States — a real estate service to help marginalized people in Texas find new welcoming homes.

The state used eminent domain to reclaim the property from a private developer.

“There’s a real risk that this will impact lenders and banks.”

A growing coalition of business leaders, community groups, nonprofits and others is pushing for Dallas to spend big to curb its shortage of affordable housing.