The housing market continues to boom in North Texas, but builders have seen a severe shortage of skilled and unskilled workers in the last couple of years.
Despite a nationwide decline of new homes sales, North Texas is once again serving as an exception to the trend.
It’s a big decision that many have very little time to make and few choices to choose from. CBS 11 News takes a close up look at the race to find and buy the few available homes in Frisco.
Buyers, builders and realtors in North Texas say prices for new home construction are climbing every 30 to 60 days.
A surge in home buying dropped available homes to their lowest level in over 20 years. Prices are now surging, as homes that couldn’t garner offers in the fall are now drawing several.
Even in a down market, Brock Hardman had no worries about selling his Richardson home. After just 11 days, he had an offer, and he took it. Then, someone took it away.
One person moved into a dead neighbor’s house. Another came from Memphis, Tenn., to Fort Worth to lay claim to a $2.7 million mansion.
With the average interest rate for a 30-year fixed mortgage hovering around 4-percent, some North Texans are looking to buy their first home and a cable television program wants to be there through the process.
According to a new study by the Brookings Institute, the poverty rate in America’s suburbs has increased by almost 40 percent in the last decade. In fact, almost a third of our nation’s poor live in the suburbs.