Southwest Dallas Apartment Development in the WorksA new apartment community is headed to Southwest Dallas, according to new reports. Being developed by Miami-based Resia LLC, the project is expected to include 336 units and be positioned right next to the Dallas National Golf Club. 

Approximately 17 percent of the apartments will be affordable units, and the development will be Resia’s first multi-family project in the DFW market. 

With population increases and more companies moving to North Texas, the demand for rental units is only expected to grow heading into 2023 and beyond. In fact, Resia already plans to build 8,000 more apartments nationwide by 2025. 

As for the 336-unit Dallas project, plans call for eight three-story, garden style apartment buildings, which will also include a business…

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DFW Housing Inventory Improves; Home Prices Still UpIf you’ve been looking for a DFW home and feeling the pain from a lack of housing inventory, good news is on the horizon. According to newly released market stats, active single-family home listings in the DFW area jumped 26 percent year-over-year last month, reaching 10,560 homes on the market at the end of May. 

Despite the increased inventory, however, home prices are still up 23 percent year-over-year, reaching a whopping $438,000. And prices are up significantly in every single North Texas community compared to this same time last year. 

As noted by the Dallas Morning News, even lower-cost communities like Garland and Mesquite are seeing considerable increases in home prices. Garland homes, for example, have spiked from $270,000 to $342,500…

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Sherman Ranch Master Planned Community A new master-planned community is headed to Sherman, Texas with the inclusion of Heritage Ranch. This new, mixed-used development will eventually make way for more than 750 new homes, plus also some retail space, commercial space, and entertainment space.

Encompassing more than 400-acres, builders in the new community plan to start constructing the first homes early next year, and potentially deliver them by later in 2023 or even early in 2024. The residential section of Heritage Ranch will be built in four different phases, with Highland Homes and K Hovnanian Homes announced as the feature homebuilders in the community. 

Along with the new single-family homes of Heritage Ranch, the new development also plans for a proposed 100+ acre entertainment…

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