Just the Facts
Sometimes you just have to be politically incorrect.
Home Prices Jump 9.3% Nationally in One Year
Home prices are rising at the fastest rate in years, with some communities seeing double-digit gains, as buyers are returning to a market where the number of properties for sale is in short supply. Prices increased 9.3% in February from a year earlier. In some of the hardest hit markets, the gains have been particularly heady. Home prices rose 23% from one year ago in Phoenix and 18.9% in San Francisco. Nationally, the median home price in March stood at $184,300, up from $154,600 in January 2012.
- Wall Street Journal, May 1, 2013
Dallas Business Journal Names 3 Best New Communities
The annual DBJ review of best new neighborhoods announced are significant because each of them are large master-planned communities.
· Light Farms in Celina, 2,700 new homes, lots open in May. Eventually 8,300 people will call Light Farms their home.
· Windsong Ranch in Prosper, 3,100 new homes, first phase opening in 2014. Some 9,500 people will call Windsong Ranch their home. The development includes 3 school sites, 4 amenity centers and a 150-acre mixed use commercial development.
· Harvest in Argyle and Northlake, 3,000 new homes, eventually 9,000 residents. The first phase opens later this year. It is located in Northlake and Argyle ISDs.
- Dallas Business Journal, April 26, 2013
America’s Highest Earning Cities
Survey of 562 cities, population over 50,000
Congratulations to Flower Mound, Frisco and Allen
There are 16 cities in the United State with populations over 50,000 where more than 50% of the households in the city earn more than $100,000 per year. California and Texas dominate this list of high-earners. Most of these cities are well-to-do suburbs of large metro areas, including Dallas-Ft Worth, San Francisco, Atlanta and Chicago.
Rank
|
City/CDP
|
Larger metro area
|
Percentage of households making over $100,000
|
Percentage of households making less than $100,000
|
Percentage of households making $100,000 to $149,999
|
Percentage of households making $150,000 to $199,999
|
Percentage of households making $200,000 or more
|
1
|
San Ramon, California
|
San Francisco
|
63.50%
|
36.50%
|
22.10%
|
16.40%
|
25.00%
|
2
|
Flower Mound, Texas
|
Dallas-Fort Worth
|
62.80%
|
37.10%
|
28.30%
|
15.90%
|
18.60%
|
3
|
Pleasanton, California
|
San Francisco
|
59.80%
|
40.00%
|
22.80%
|
14.70%
|
22.30%
|
4
|
Yorba Linda, California
|
Los Angeles
|
58.80%
|
41.20%
|
23.50%
|
16.70%
|
18.60%
|
5
|
Carmel, Indiana
|
Indianapolis
|
58.40%
|
41.60%
|
20.90%
|
14.30%
|
23.20%
|
6
|
Palo Alto, California
|
San Francisco
|
57.80%
|
42.10%
|
17.70%
|
11.90%
|
28.20%
|
7
|
Newton, Massachusetts
|
Boston
|
55.40%
|
44.60%
|
18.00%
|
11.70%
|
25.70%
|
8
|
Naperville, Illinois
|
Chicago
|
54.80%
|
45.10%
|
18.50%
|
13.50%
|
22.80%
|
9
|
Frisco, Texas
|
Dallas-Fort Worth
|
53.70%
|
46.30%
|
25.70%
|
14.70%
|
13.30%
|
10
|
The Woodlands CDP, Texas
|
Houston
|
53.40%
|
46.70%
|
24.70%
|
13.40%
|
15.30%
|
11
|
Johns Creek, Georgia
|
Atlanta
|
52.10%
|
48.00%
|
21.20%
|
10.40%
|
20.50%
|
12
|
Ellicott City CDP, Maryland
|
Baltimore
|
51.70%
|
48.30%
|
16.80%
|
16.40%
|
18.50%
|
13
|
Allen, Texas
|
Dallas-Fort Worth
|
51.20%
|
48.90%
|
24.50%
|
16.10%
|
10.60%
|
14
|
Lake Forest, California
|
Los Angeles
|
50.70%
|
49.30%
|
26.70%
|
13.70%
|
10.30%
|
15
|
Highlands Ranch CDP, Colorado
|
Denver
|
50.50%
|
49.40%
|
25.60%
|
12.70%
|
12.20%
|
16
|
Arlington CDP, Virginia
|
Washington, DC
|
50.30%
|
49.80%
|
18.10%
|
12.90%
|
19.30%
|
Data was obtained from the U.S. Census. 562 cities were included in this analysis.
- NerdWallet, April 29, 2013
