May 01, 2005
Teardowns are a small piece of Dallas' real estate pie, consultant says
By STEVE BROWN
Dallas Morning News
Sunday, May 1, 2005
(The following paragraphs are selected excerpts from the full article in the Dallas Morning News. To review the full article, select the link at the bottom of this page.)
Are teardowns good for the neighbors' property values? That depends on your point of view.
Teardowns can have a big effect on neighborhoods, but they're just a blip in the Dallas housing market. And because the numbers are small, there's a dearth of real data about their economic impact.
Builders started almost 200,000 single-family homes – most of them in the far suburbs – during the last five years in the Dallas-Fort Worth area. During the same time period, the best estimate is that fewer than 2,000 of those homes were built to replace teardowns in Dallas.
Link: Full article from Dallas Morning News (registration required)