The Federal Reserve Bank of Dallas released a new report that shows economic activity in the DFW area has grown at a moderate pace over the last six weeks. Their report also stated that activity in the energy sector rose and transportation services and staffing firms also reported solid activity. Warm weather caused apparel sales to slide [...]
Archive of posts tagged Dallas Business Journal
New Report Ranks Dallas Fourth in US Cities for Economic Recovery
A new report from the Brooking Institution has ranked the DFW area as having the 39th best economic recovery worldwide and the fourth-highest rank of all major U.S. cities. The report covered 150 cities according to three main indicators between 1993 and 2010: employment growth, per-capita gross value added and income per person. Article from Dallas Business [...]
DFW Commercial Foreclosures Hit 19 Year High in 2010
According to a new report released by Foreclosure Listing Service, commercial foreclosures in the Dallas area have already hit a 19 year high in 2010 through November. This figure includes all foreclosure listings scheduled for the month of November. So far in 2010, there have been over 3,000 commercial foreclosure listings in the Dallas area. [...]
HUD Grants Dallas 2.25 Million Dollars to Develop Neighborhoods Around DART Rail Stations
The US Department of Housing and Urban Development recently awarded a grant of 2.25 million dollars to the City of Dallas to acquire land and plan urban neighborhoods near four light-rail stations. A total of 40 million dollars in urban development grants was awarded to various cities by HUD for this specific purpose. The 2.25 [...]
Texans Pay More In Property Taxes Than Most Other States…BUT
It’s true. Property taxes in Texas are among the highest in the United States. BUT…the reason for this is the fact that Texas does not have a state income tax. In fact, a state income tax is specifically prohibited by the Texas Constitution. Schools, police departments, public hospitals and colleges and all other city, county [...]
DFW Job Growth Remains Strong
Despite the recession and the continued fallout from the financial crisis, DFW residents have some strong prospects for jobs compared to many other areas in the United States. Article from Dallas Business Journal
Study Ranks Arlington As Most Affordable City for Real Estate in Texas
A recent study by Coldwell Banker Apex ranked the city of Arlington Texas as the most affordable in Texas. The study concluded that the average sales price of a four bedroom, two bathroom home was $155,286 in Arlington. The most expensive city in Texas was found to be Austin, which was reported to have an [...]
Dallas Population Swells by 100,000
Population in Dallas, as well as many other areas around the metroplex, continues to grow. This has kept our economy going stronger than many other cities in the United States. Article from Dallas Business Journal
Distressed Properties Make Up 20% of Home Sales in the Dallas Area
A new report released by First American CoreLogic shows that distressed sales make up approximately 20% of home sales in the Dallas area. Nationwide, they estimated that 29% of sales were distressed properties. So Dallas is performing slightly better than the rest of the nation in this important metric. Original Article from Dallas Business Journal
D/FW Office Rents and Leasing Still Showing a Modest Decline
The commercial rental and leasing market in the Dallas Fort Worth area has continues its decline to show a negative 683,000 square feet in the office square footage absorption rate for the first quarter of 2010. That’s a measure of the net gain or loss in commercial office space leased. The total for the last [...]
