Dallas is the third fastest-growing city in the United States, according to Forbes list of America’s 20 Fastest-Growing Cities 2015.
Residents are moving in but they are also moving to the north of the Metroplex. Collin County holds 36 percent of new citizens in the ranking ZIP codes, followed by Denton County with 28 percent of the ZIPs, 20 percent in Tarrant County, 12 percent in Dallas County and only 4 percent of the new denizens reside in Rockwall County.
Using data from geographic information systems provider Esri’s updated estimates, forecasted variables and U.S. Census data for all ZIP codes, I examined the North Texas areas zipping to the front of population growth in the region.
Take a look, to see the growth rates and projections for various ZIPS.
Celebrating 10 years of his Matrix Blog: Interpreting the Real Estate Economy and giving his cell phone number and much of his time to journalists, RAC member Jonathan Miller has a passion for communicating about real estate. Last week he was named the most trusted and quoted man in New York real estate by the Observer.
Enjoy the full article here.
First-Time Buyers are Younger, Less Sophisticated, Poorer – but Not Riskier
Mortgage News Daily, July 10, 2015
by: Jann Swanson
A working paper just released by the Federal Housing Finance Agency (FHFA) attempts to determine the reasons why mortgages given to first-time homebuyers perform more poorly than those given to repeat buyers. The Marginal Effect of First-Time Homebuyer Status on Mortgage Default and Prepayment was written by Saty Patrabansh of FHFA’s Office of Policy Analysis and Research.
Given that homeownership is generally considered a societal benefit and that many government policies focus on incentivizing first-time buyers the author says it is important to understand whether first-time buyers as a group are likely to default at higher rates than repeat buyers both in order to anticipate that an increase in the rate of first-time homeownership could lead to increased foreclosures and negatively affect communities and because, if they do not default at higher rates it is important they not be treated as more risky buyers.
Read entire article Here.