The city of Dallas may consider limiting the number of homes real estate investors can buy as a way to tackle the rising home prices across the DFW area.
The city of Dallas may consider limiting the number of homes real estate investors can buy.Median home prices in North Texas jumped 22 percent year over year in March.RELATED:North Texas homeowners getting 'sticker shock' with new property tax appraisals
Homeowners across North Texas have been getting their property tax appraisals, and they are coming with some sticker shock. Experts say home prices are up 20% over last year while inventory is down 30%."Are we working on a bigger policy regarding the scourge of investment buyers? It is across the country, where individuals are no longer buy homes but REITs are," asked Dallas Councilwoman Jaynie Schultz.
"Canada restricts how many foreign investors can come into your market and buy up your real estate," said David Noguera, the Dallas director of housing.Along with considering its own policy, the city may push for state legislation.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
17 restaurants in Dallas-Fort Worth add $1 Ukraine donation to every billMoney goes to World Central Kitchen in Ukraine, an effort led by humanitarian chef José Andrés.
Leer más »
Downtown Dallas skyscraper sold out of bankruptcyA New York investor has quietly taken ownership of a downtown Dallas skyscraper. The 34-story 717 N. Harwood tower was previously home to oil firm Diamond...
Leer más »
Dallas woman all smiles after being arrested for allegedly leading police on a car chaseMarlene Choates also had a warrant out for her arrest on drug charges, according to jail records.
Leer más »
How Dallas' Danny Gray reached NFL Draft: 'I just turned the impossible into possible.'Danny Gray has overcome a time when he had no hope for his pro football dreams, to now reach the NFL Draft and represent hope for the Dallas community where he grew up.
Leer más »
New Chinese restaurant Cafe Hunan is open on SMU Boulevard in DallasCafe Hunan will be on SMU Boulevard in East Dallas.
Leer más »
Retrial to begin in Texas for man charged with killing 18 Dallas-area womenThe retrial of a man charged with killing 18 older women in the Dallas area over a two-year span is set to begin Monday, after the first jury to hear a case against him deadlocked. Chemirmir faces capital murder charges in all 18 of the women's deaths.
Leer más »