Shortage of Lots Helps Drive Up Home Prices in North Texas.
By Andrea Jares, Fort Worth Star-Telegram, Texas Knight Ridder/Tribune Business News
Jun. 23--Despite a sluggish economy, the housing market has been booming locally in recent years, making home lots harder to find and sending prices soaring.
Steve Wall, president of Choice Homes, said his company is paying about twice as much for lots as it did 10 years ago. And it's become increasingly difficult to find affordable land in areas such as southeast Arlington, which was once known as a hot spot for relatively inexpensive lots, said Wall, whose company ta
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