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A person walks by a row of Victorian style houses on Dinwiddle Street in the Hill District neighborhood of Pittsburgh. An interagency proposal to revamp the Community Reinvestment Act’s implementing rules appears poised to be finalized in the coming weeks despite bank trade groups’ protests that compliance would be too complicated.

Bloomberg News

WASHINGTON — After years of proposals, counterproposals, interagency disagreement and political intrigue, the Federal Reserve, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency appear poised to finish their modernization of the Community Reinvestment Act’s implementing rules.

FDIC Chairman Martin Gruenberg said last fall that he expected the three agencies would finalize a joint rule updating the CRA in early 2023. But the intricacies of the rule, a shake-up of leadership and a string of midsize bank failures this spring likely contributed to pushing back that timeline, according to Jesse Van Tol, CEO of the National Community Reinvestment Coalition. 

“You had a mini banking crisis in the spring that certainly pulled people away from this. You had a leadership transition at the Fed as well with [former Vice Chair Lael] Brainard’s departure, [and] you’ve gotten new Fed governors who came on board.” he said. “The light at the end of the tunnel is here, and I think we will see the final rule in October.”

Congress passed the CRA in 1977 as a way to address de facto lending discrimination faced by communities of color. The act requires that banks be graded on how equitably they are lending to low- and moderate-income customers and neighborhoods in their service areas, typically determined by where they have branches and deposit-taking automated teller machines. Banks need to receive a satisfactory mark in order to merge with or acquire other banks.

Given the advent of mobile banking, both banks and community groups have long agreed on the need to update the CRA — the most recent comprehensive overhaul of the rules was conducted in the 1990s.

Former Comptroller of the Currency Joseph Otting previously attempted to reform CRA implementation during the Trump administration, but community organizations argued the proposal effectively allowed banks to ignore underinvested communities and they threatened to sue the OCC when the plan was finalized in 2020. Otting’s proposal also failed to gain the support of Fed officials. The Biden administration then took on the task of reform, starting from scratch under the leadership of former Brainard.

The banking agencies issued a notice of proposed rulemaking in May 2022, but banking trade organizations raised a variety of concerns about the proposal. Banks argued that it would be too difficult to attain satisfactory ratings under the change, particularly under the retail lending portion of CRA exams. Banks also argued that the 90-day comment period was too short for banks to meaningfully respond to the proposed changes under the Administrative Procedure Act and hinted at a legal challenge if the rule was finalized as written. 

Banking groups on Tuesday asked regulators to delay issuing the final joint rule due to uncertainty created by a constitutional challenge to the Consumer Financial Protection Bureau’s funding structure and by the recent capital changes regulators have proposed as part of the Basel III accords. 

But the regulators appear unfazed by that criticism. Ian Katz, a Washington analyst with Capital Alpha Partners, said that may be due in part to the closing window of opportunity that regulators have to finalize the rule and avoid a congressional repeal after the 2024 election. The Congressional Review Act allows Congress to nullify a regulation within 60 legislative days of its finalization with a majority vote in both chambers and approval of the president. Katz said that a real threat of an override exists if Republicans win the House, Senate and White House.

“If the administration wants to make sure that the rule can’t be nullified by a Republican administration and Congress, it probably needs to finalize it by roughly mid-2024 to avoid the other CRA, the Congressional Review Act,” Katz said. “I think they’ll put it out before then.”

But in addition to racing against the clock, experts say regulators also have to take their time to ensure that the final rule is not vulnerable to a legal challenge. 

“CRA is complicated, and the proposal gives the banks a lot of different pieces they can attack. The banks are also asserting that the regulators are going beyond their statutory authority and that the proposal, if unchanged, would be vulnerable to a legal challenge,” Katz said. “I imagine the regulators have been taking a look at that and will try to make sure they put out something that won’t be easy to strike down in court.”

Van Tol said the agencies are highly sensitive to industry concerns and have spent a lot of time making certain the law complies with statutory authority. To craft a durable rule, the agencies — particularly the Fed, which is leading the rewrite — are likely to take all the time they have. Van Tol said this puts pressure on regulators to ensure the rule withstands the test of time. 

“Because the banking trades have threatened to sue them, I think they are trying to make sure that they’ve dotted the i’s and crossed their t’s in such a way that the rules are best protected,” said Van Tol.

Ye the delay in finalization can’t all be attributed entirely to industry pressure, Van Tol said. CRA-related rules have historically been very difficult to get done, in part because the details are very complex and also because they require interagency collaboration.

“It’s an interagency ruling, it’s much more complicated to coordinate amongst three agencies — two of whom have boards — who have to vote on the proposal,” he said. “The Fed [officials] are perfectionists. If you give them time, they’ll take it. They’ll take as much time as they need to get to something they’re satisfied with.”

Dennis Kelleher, CEO of the public advocacy organization Better Markets, said part of the problem is that industry turmoil and agency turnover made an already tedious process more difficult.

“I think anyone thinking it was going to be finalized earlier this year was overly optimistic,” Kelleher said. “It would have been record-breaking for them to do all that and finalize by earlier this year. While we always prefer rules to be finalized sooner than later, we’re more interested in rules being finalized that are effective, workable, durable and achieve the intended goal.  If that takes more time than less, better to get it right than be quick about it.”

When reached for comment, officials at the OCC indicated they are working on the rule and incorporating public feedback.

“The OCC has been working with the Federal Reserve and FDIC to modernize and strengthen the Community Reinvestment Act to expand financial inclusion and opportunity for all Americans, especially the underserved,” they noted in an email. “The agencies received hundreds of detailed and thoughtful comments on the notice of proposed rulemaking, and we are working together to consider the suggestions.”

The FDIC and the Fed did not comment for this story.

Van Tol said that for all the bluster about a possible legal challenge, he is skeptical that banks would actually follow through on their threat to sue their prudential regulators over the rule.

“I think the trades sending that letter [on Tuesday] is just an attempt to continue to delay, which is really just an attempt to kill it,” Van Tol said. “It will be interesting to see if they do. I think it’s one thing to sue the CFPB; I think it’s another thing entirely to sue your prudential regulator. I wouldn’t want to be in that position.”

He added that banks also must toe a fine line in opposing the CRA, given how such a stance could contradict banks’ previous stated commitments to racial justice.

“Some banks will think twice — many of them having made statements about their commitment to racial equity, their commitment to the community in the wake of George Floyd — about suing over a rule that fundamentally is about lifting up underserved communities,” he said. “I think obviously that’s the reason why they work through their trades, to shield themselves from criticism.”

Source: nationalmortgagenews.com

Apache is functioning normally

Drift Home Collection began as an online venture in 2017, specializing in handmade Moroccan rugs and other home decor items; now it’s opening a brick-and-mortar location in New Braunfels slated for September.

The shop will be located at 173 E. San Antonio St. and called Drift Home & Interiors.

Owner and curator Nataliya Borener, who is an interior designer by trade, wanted to combine her home collection shop with her namesake business Nataliya Borener’s Interiors.

Borener got the idea after traveling to Morocco in 2016.

Drift Home & Interiors will have a variety of handmade, high-quality home decor items including lighting, rugs, blankets, pillows, ceramics. The shop will also have a small assortment of handmade jewelry, ceramics and more.

“Each thing in my shop is special because it’s going to be something that was made by human hands and has a story,” Borener said.

The shop will also offer full-service interior design services.

Borener emphasized that great design is “purposeful, intentional and meaningful.”

“Your home should be a reflection of things you truly love and connect with,” Borener said.

http://drifthomecollection.com

Source: communityimpact.com

Apache is functioning normally

From beer to barbecue to blues, Missouri has you covered when it comes to having a good time. There are so many reasons to make this scenic Midwestern state your home. For one thing, Missourans are incredibly kind and welcoming. You’ll be feeling like a local in no time.

For another, the arts, culture and history of this state are woefully overlooked. Missouri is the birthplace of famous musical styles like St. Louis Blues and Kansas City jazz. Many creative luminaries originally hail from Missouri, including the likes of Chuck Berry and Mark Twain. It’s the home of Anheuser-Busch, the biggest beer producer in the world, and is a hub for craft brewing. It’s also a foodie state, especially for the famed Kansas City barbecue. For nature lovers, Missouri’s many metropolitan cities are close to picturesque destinations like the Ozarks and the Missouri Rhineland.

All the above information would be reason enough to pack up and move to Missouri. But we haven’t even touched on the best part. Missouri is a very affordable state. Nearly all cost of living categories in Missouri falls below the national average. Some bigger cities and metro areas have higher prices, but by most “big city” standards, they’re entirely reasonable. So, whether you want to comfortably live close to nature or in a major city, Missouri could be the state for you. Here’s how the cost of living breaks down in different Missouri cities and metro areas around the state.

Missouri housing prices

Of our highlighted Missouri cities, nowhere exceeds the national average. With housing costs rising drastically around America, a state offering lower-than-average housing rates is a refreshing change of pace. There are plenty of affordable places to live around the state. Let’s zoom in and take a closer look at what you can expect to pay in average rents and home prices in some major Missouri cities, a cost of living, for sure.

Columbia

Home to the University of Missouri, the mid-sized city of Columbia in central Missouri is big on the college town vibes. That also means it’s a very affordable place to live. Housing costs here are 14 percent lower than the national average.

You can find a one-bedroom apartment around town for $800, up 10 percent from last year. But, for just over $100 more, you can size up and rent a two-bedroom apartment instead. The price for two bedrooms is up just 6 percent from last year.

Housing prices here are the highest of our highlighted Missouri cities. Rising 17.6 percent from last year, homes in Columbia have a median sales price of $300,000. So, while there are many affordable aspects of living in a college town, taking out a mortgage isn’t one of them.

Kansas City

Kansas City in western Missouri is famously split between Missouri and neighboring Kansas City, KS. Here, you’ll have access to everything from world-class barbecue to excellent live music. However, with so much to offer residents, housing costs in this popular city are barely below the national average. The cost of housing in Kansas City is only 0.4 percent below the national average. But there are plenty of affordable Kansas City neighborhoods to choose from.

Renting a one-bedroom apartment costs an average of $1,212 per month, up 7 percent from last year. Up slightly from last year, two-bedroom apartments will set renters back $1,493.

For such a buzzy city, Kansas City’s housing market isn’t terribly high. Here, the median sales price for a house is only $278,000. This figure has risen 12.6 percent from last year. This makes it the second-highest city for home buying costs on our list.

Springfield

This “Queen City of the Ozarks” in southwestern Missouri has the feel of a small town in a big city package. It’s Missouri’s third-largest city. The heart of town has great dining, shopping and museums. But just outside of town, you can explore an underground cave and go hiking or boating in local forests and lakes. Springfield has the lively feel of a larger city. But its friendly locals and a strong sense of community is one thing that screams “small town”. Another thing that screams smaller city? Attractively low rent prices.

Springfield is 25 percent below the national average for housing costs. A one-bedroom apartment costs $672 for the month, and a two-bedroom runs roughly $782. Both these rates are up 9 and 10 percent, respectively, from the previous year. So, there’s some small growth, but rates are still a steal.

Home prices are similarly appealing compared to the national average median sales price of $430,695. The median sales price for a home in Springfield is $244,000. However, this number has spiked 235.8 percent from last year. So, home prices here may not stay affordable forever.

St. Louis

Located along the banks of the Mississippi River, St. Louis is best known for cultural landmarks like its massive Arch. But it’s also an extremely friendly and safe city full of fun neighborhoods. Locals have access to everything from a robust craft beer scene to live sports like watching Cardinals games. As one of Missouri’s biggest and best-known cities, one would expect housing prices are up there. While they’re high by Missouri standards, they’re a steal elsewhere.

At 27.7 percent below the national average, St. Louis is actually the cheapest of our highlighted Missouri cities. The average rent for a one-bedroom apartment is $1,131 per month. Renting a two-bedroom apartment jumps up to $1,384. However, with the exception of studio apartments, rental unit prices are down across the city. One-bedrooms are down 12 percent and two-bedrooms are down 8 percent.

If you want to buy a home in Missouri, St. Louis is a great place to do so. The median sales price for a house here is $213,650, which is up only 1.7 percent from 2021. So, whether you want to rent or buy, the Gateway to the West is apparently also the gateway to affordable big city prices.

Food prices

Another cost of living in Missouri is food. Missouri comes in 12th place for the lowest food costs of all 50 states. Locals here spend between $2,400 and $2,800 per person annually for food. That comes out to between $200 and $233 per month. This ranks toward the low end of grocery spending around America. That means you’ll be paying even less for those delicious Missouri specialties like barbecue and St. Louis-style pizza.

On a city-by-city basis, the cost of food falls below the national average. Here’s how food spending in each city compares to the national average:

  • Kansas City is 7.8 percent below the national average
  • Springfield is 3.5 percent below the national average
  • St. Louis is 3.3 percent below the national average
  • Columbia is 2.3 percent below the national average

Out of these four major Missouri cities, Kansas City is where you’ll be paying the least for your grocery bill. But specific food costs can still vary by city. Even if one city has an overall lower rate for food, some items are more expensive. For example, in Kansas City, the price for a dozen eggs is $1.70. This is the highest of the four cities. The lowest price for a dozen eggs are found in Columbia at $1.36. As another example, a half-gallon of milk in Springfield will set you back $2.44. For this particular food item, that’s the highest you’ll pay in these four cities. The lowest is $1.89 in Springfield.

Food costs also come into play when dining out. St. Louis and Kansas City, in particular, are major foodie cities. Going out for date night to a nice sit-down restaurant for a three-course meal is higher in both St. Louis and Kansas City than in other cities around the state. You’ll be paying around $70 in Kansas City and $60 in St. Louis. In Springfield and Columbia, the same meal would only cost $50.

Utility prices

The biggest parts of a monthly utility budget go to electricity, water and internet, costs of living in Missouri. One downside of living in Missouri is that 74 percent of its electricity comes from coal-powered plants. However, renewable energy is on the rise, specifically wind power. So, more eco-friendly utilities may soon be more widely available around the state. But, it’s also hard to complain when utility costs are cheaper and below the national average. Here’s how the cost of utilities in different Missouri cities compares to the national average:

  • Springfield is 13.2 percent below the national average
  • St. Louis is 4.4 percent below the national average
  • Columbia is 2.9 percent below the national average
  • Kansas City is 2.6 percent above the national average

Kansas City is the most expensive city for utility costs. Here, you’ll be paying $178.88 for total energy costs compared to $130.64 in Springfield. For internet, you’ll pay the most in Springfield, though. Getting 60 megabits per second comes with a price tag of $74.12. But in St. Louis, internet only costs $58.50. Utility costs can vary widely by city.

Transportation prices

In keeping with its trademark-friendly and helpful image, Missouri offers public transportation throughout the state. Major cities and metro areas have extensive systems, and even rural communities have access to some form of mass transit. Missouri only notes that for rural areas, service may have limited hours and availability. So, no matter where you live in the state, there are ways to get around that don’t require a car.

Another benefit is that the cost of living in Missouri for transportation overall is lower than the national average. It’s a great way to save more money on gas, car insurance, vehicle repairs and other expenses related to owning a car. Of these four Missouri cities, St. Louis has the lowest transportation costs:

  • St. Louis is 16.5 percent below the national average
  • Kansas City is 13.4 percent below the national average
  • Springfield is 7.5 percent below the national average
  • Columbia is 4.2 percent below the national average

Let’s look into how three of Missouri’s most extensive public transportation systems operate and what they cost.

Sangamon Mass Transit District in Springfield

Servicing Springfield and the greater Springfield area in Sangamon County, the SMTD operates 17 fixed bus routes. A single adult fare is $1.25, with free transfers included when you request a transfer ticket. The price for a day pass is $3.00. Instead of a flat monthly pass, you can get 20 rides for $20.

Using public transit or having a car is important for getting around Springfield with ease. The city’s walk score is 44, and its bike score is 57. Outside of the downtown and city center areas, it’s not the most walkable small city.

Metro in St. Louis

Consisting of bus routes and light rail, Metro in St. Louis provides service to the greater St. Louis metropolitan area. Riders have 77 different bus routes to choose from, as well as two light rail lines. Respectively, the MetroBus and MetroLink.

Starting fare for a single ride is $1 for the bus and $2.50 for rail. Purchasing a monthly pass with access to the entire system is $78.

Even though Metro provides an affordable and efficient way to get around town, there are many places you can get to in St. Louis on foot or by bike. With a walk score of 60 and a bike score of 52, there are plenty of areas you can navigate without needing a car.

RideKC in Kansas City

Kansas City gets its public transit through RideKC, which provides a blend of bus and street car transportation. What is the cost to use this service? Zero. Through 2023, RideKC buses and the street car have zero fares. So, if you’re looking to save on commuting or getting around town, this is the place to do so.

However, Kansas City’s public transportation only has a transit score of 37. Its walk and bike scores are similarly low at 48 and 43, respectively. Even though certain areas of Kansas City are walkable or bikeable, a car is necessary to get around town.

Healthcare prices

It’s easy to look at the lower-than-national-average cost of living figures for MIssouri and get excited about the potential savings. But, there’s one cost of living category that comes with a huge asterisk. Healthcare is a very difficult category to quantify because it varies so widely. Particular regions or states may have more expensive healthcare due to environmental factors like air quality.

From person to person, healthcare costs vary widely, too. Your neighbor may pay much more for their doctor’s visits because they have a preexisting condition. Other factors that can drive up a person’s healthcare costs are prescription drug prices, insurance premiums and out-of-pocket expenditures.

That’s why healthcare averages should always be viewed with a grain of salt. But, in general, the cost of healthcare in many Missouri cities falls under the national average:

  • Kansas City is 9.7 percent below the national average
  • St. Louis is 8.9 percent below the national average
  • Columbia is 8.2 percent below the national average
  • Springfield is 1.7 percent above the national average

Kansas City has the lowest overall percentage of the four highlighted cities. Going to the doctor’s office there for a check-up costs $89.77. But this is a perfect illustration of the fact that healthcare is so subjective. Even though Kansas City has the lowest average, some individual costs are higher. A doctor’s visit actually costs less in St. Louis at $87.28. On the flip side, a bottle of Ibuprofen in St. Louis costs $11.91 compared to $9.55 in Columbia.

Unless you have specific healthcare needs, it’s a good idea to visit your doctors and dentist at least once a year. If you neglect your health in the short term to save money, it may backfire in the long term. So, it’s always better to get regular check-ups.

Goods and services prices

Say you went out for a heaping plate of delicious Kansas City barbecue and accidentally spilled some tangy barbecue sauce on your shirt. You take it into the dry cleaners to get the stain treated and cleaned. Or, perhaps the shirt is beyond repair and you need to go get a new one. These goods and services also are a part of how much you spend each month as part of your cost of living expenses in Missouri.

Some expenditures are more important, like getting your haircut. Others are more about leisure and enjoyment, like going to the movies. Either way, they all contribute to a well-balanced, happy life. But, all these little items and services do add up, so you need to watch your spending.

Similar to most other costs of living categories in Missouri, miscellaneous goods and services fall below the national average. The only exception is Columbia, which just peeks over the top of the national average:

  • St. Louis is 12.6 percent below the national average
  • Springfield is 9.1 percent below the national average
  • Kansas City is 8.7 percent below the national average
  • Columbia is 3 percent above the national average

You may find yourself paying more or less for particular items that do or don’t reflect the city’s overall higher or lower averages. Take the dry cleaning, for example. At its most expensive rate around Missouri, going to the dry cleaners costs $15.75 in Columbia. In St. Louis, it’s $13.44. But that’s not even the cheapest it gets. The cheapest is in Springfield at $12.35. In another example, Kansas City has the highest movie ticket prices at $11.61. In Columbia, they’re $10.74.

With such friendly residents and safe cities, Missouri is a very family-friendly state. So, you may find yourself in need of childcare. This monthly expense varies widely across the state. For sending your child to a full month of private preschool or kindergarten, the most expensive city is St. Louis. There, you’ll be shelling out $1,126.33 each month. Springfield offers the cheapest childcare, at a worryingly round number of $666.67.

Taxes in Missouri

Missouri has a statewide sales tax rate of 4.225 percent. If you go out and spend $1,000 on a Kansas City barbecue or tickets to fabulous musical shows, $42.25 goes to taxes.

But, cities and counties do add their own sales tax to the statewide rate. In these cities, you’ll be paying more in sales tax:

  • Columbia has a combined tax rate of 7.975 percent
  • Springfield has a combined tax rate of 8.1 percent
  • Kansas City has a combined tax rate of 8.85 percent
  • St. Louis has a combined tax rate of 9.679 percent

While Missouri’s statewide sales tax is reasonable, those city and county taxes definitely add up. You’ll be paying the most in additional sales tax living in St. Louis. For every $1,000 you spend, $96 will go to taxes.

How much do I need to earn to live in Missouri?

To comfortably live in any given place, experts recommend that you only spend 30 percent of your gross monthly income on rent. That leaves sufficient funds left over for groceries, savings, fun activities and more. In order to only spend 30 percent of your monthly budget on housing based on Missouri’s average rent of $1,245 for a one-bedroom apartment, you should make around $49,800 annually. That breaks down to $4,150 per month.

Since Missouri’s median household income is $57,290, most people can reasonably afford to live in Missouri.

If you’re unsure which Missouri cities could fit your budget, use our handy rent calculator to find out.

Living in Missouri

From the low cost of living to beautiful landscapes and friendly neighbors, there are so many reasons to consider Missouri for your next home base. You’ll be paying below the national average in most major categories like housing and groceries. You have a wide range of types of cities to decide between, from intimate smaller cities to sprawling metropolises. All kinds of lifestyles, price ranges and living experiences are on the table in Missouri.

Related articles:

The Cost of Living Index comes from coli.org.
The rent information included in this summary is based on a calculation of multifamily rental property inventory on Rent. as of June 2022.
Rent prices are for illustrative purposes only. This information does not constitute a pricing guarantee or financial advice related to the rental market.

Source: rent.com

Apache is functioning normally

Unemployment rates are at their lowest level since 2000, while the economy is by all accounts running strong. But although these conditions might normally seem ideal for the real estate market, sales remain stagnant, with existing-home sales actually down by 1 percent year over year.

One of the main problems is low inventory, which means less competition for sellers and much faster sales than is normal. The average U.S. home will likely find a buyer under contract within just 26 days, according to a recent Realtor.com survey. That’s much faster than historical averages, which are usually around the 50 to 60 day mark.

“We’re in a bizarre world of a heated housing market where home sales are not rising,” National Association of Realtor’s Chief Economist Lawrence Yun wrote in his latest column at Forbes.com.

Yun said the lack of inventory is proving to be a challenge for real estate markets across the U.S., and said there was a desperate need for new homes.

“Whether it is the construction of affordable homes to meet first-time buyer needs, large-size homes to permit some existing homeowners to trade up, or developing an age-restricted retirement community, empty new homes will satisfy the rising housing demand,” Yun said.

He warned that just trying to get existing homeowners to sell simply won’t cut it, as many are not prepared to play what he called a “game of musical chairs” where they could find themselves without a place to sit once a sale has been made.

Yun said that many homeowners who might otherwise want to sell are refraining from doing so because they believe they’ll struggle to find a suitable new home once they’ve sold. He noted that the median length of time people stay in their home has grown to 10 years – previously, it averaged between six and eight years.

As such, Yun argues that new homebuilding is the only way to put the housing market back on track. He adds that it won’t just benefit the real estate industry, but also create new jobs, boost local economies and increase tax revenue. New construction will also help to make home prices moderate and boost the homeownership rate, Yun said.

Mike Wheatley is the senior editor at Realty Biz News. Got a real estate related news article you wish to share, contact Mike at [email protected].
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Source: realtybiznews.com

Apache is functioning normally

Are you dreaming of settling down in a charming small town? Look no further – in this article, we’ll take you on a journey through some of the most delightful small towns in Texas, each with its unique character and attractions. From affordable living to picturesque landscapes, these towns have something special to offer. 

We’ll explore their median sale prices and Walk Scores, giving you a glimpse into their real estate market and walkability. Join us as we uncover the beautiful towns of Sweetwater, Tuscola, Baird, and many more. 

1. Sweetwater, TX

Median Sale Price: $300,000

Walk Score: 51

Nestled in the heart of West Texas, Sweetwater boasts a perfect blend of small-town charm and vibrant community life. Sweetwater is known for hosting the largest Rattlesnake Roundup in the world, an event that draws visitors from all over the country. If you’re a history buff, don’t miss the Pioneer City County Museum, where you can delve into the region’s rich past. Enjoy a leisurely stroll through Newman Park, or satisfy your sweet tooth with a visit to a local bakery. 

Homes for sale in Sweetwater, TX

Apartments for rent in Sweetwater, TX

2. Tuscola, TX

Median Sale Price: $275,325 

Walk Score: 31

Tuscola is a small town that exudes tranquility. The scenic views and open spaces make it a perfect place for nature lovers. Take a leisurely hike in Jim Ned Creek Park, and you’ll find yourself immersed in the beauty of the Texas countryside. Tuscola is known for its friendly residents who warmly welcome newcomers. Be sure to explore the local shops and savor some homestyle Southern cuisine at the charming restaurants. 

Homes for sale in Tuscola, TX

Apartments for rent in Tuscola, TX

3. Baird, TX

Median Sale Price: $330,000 

Walk Score: 42

Baird is an attractive option for homebuyers seeking an affordable place to live in Texas without compromising on comfort. Baird’s pride lies in its memorable architecture and rich history, evident in the Baird Railroad and Historical Museum. For nature enthusiasts, Bonham Park is a great spot for a family picnic or a relaxing afternoon. With a welcoming community that embraces its past while moving towards the future, Baird embodies the true spirit of Texas hospitality.

Homes for sale in Baird, TX

Apartments for rent in Baird, TX

4. Potosi, TX

Median Sale Price: $408,000 

Walk Score: 5

This small town in Texas offers a slice of countryside living. Although the Walk Score of 5 indicates a car-dependent lifestyle, residents here relish the tranquility and open spaces that the town provides. Potosi is a paradise for those who love the outdoors, surrounded by picturesque landscapes and scenic trails. Enjoy a day at the Possum Kingdom State Park, where you can swim, hike, or simply bask in nature’s beauty. This town may be off the beaten path, but its charm is seen throughout the community.

Homes for sale in Potosi, TX

Apartments for rent in Potosi, TX

5. Bellaire, TX

Median Sale Price: $1,200,000

Walk Score: 67

Bellaire effortlessly blends urban sophistication with suburban tranquility. The Walk Score of 67 is a testament to the town’s pedestrian-friendly streets, encouraging residents to explore its diverse dining and shopping options. Known for its top-rated schools and lush green parks, Bellaire is a haven for people seeking a vibrant community with a strong focus on education and recreation. Don’t miss out on the charming Bellaire Town Square, where locals gather for various events and festivities throughout the year.

Homes for sale in Bellaire, TX

Apartments for rent in Bellaire, TX

6. Southside Place, TX

Median Sale Price: $1,725,000 

Walk Score: 85

From cozy coffee shops to high-end boutiques, Southside Place caters to a diverse range of tastes and preferences. Take a leisurely stroll through the immaculately maintained streets, and you’ll be charmed by the town’s architectural beauty. Southside Place is known for its strong sense of community, where neighbors come together for social gatherings and local events. For those seeking a sophisticated and upscale lifestyle, Southside Place is the epitome of refined living.

Homes for sale in Southside Place, TX

Apartments for rent in Southside Place, TX

7. Hedwig Village, TX

Median Sale Price: $1,560,000 

Walk Score: 67

Hedwig Village is known for its excellent schools and friendly environment, making it a great place to settle down. For a delightful afternoon, head to the Hedwig Village Park, where you can enjoy a picnic and watch children play. With a welcoming atmosphere and a myriad of recreational opportunities, Hedwig Village is an inviting destination for those seeking a balance between luxury and community life.

Homes for sale in Hedwig Village, TX

Apartments for rent in Hedwig Village, TX

8. Galena Park, TX

Median Sale Price: $184,000 

Walk Score: 35

Galena Park is dotted with parks and green spaces that make it a fantastic place for residents to enjoy outdoor activities. Explore the Galena Park Historical Museum, which showcases the town’s rich history and cultural heritage. The annual Galena Park Ole-Tyme Festival is a celebration of the town’s vibrant spirit, bringing together locals and visitors for a weekend of fun and festivities. Galena Park may be small, but its big heart makes it a wonderful place to call home.

Homes for sale in Galena Park, TX

Apartments for rent in Galena Park, TX

9. Bishop, TX

Median Sale Price: $176,000 

Walk Score: 33

This small town is renowned for its annual Cotton Festival, where visitors can experience the region’s agricultural heritage through parades, pageants, and more. Bishop’s warm climate makes it an ideal location for outdoor activities like fishing, hiking, and birdwatching. Experience the joy of small-town living in Bishop, where neighbors become lifelong friends.

Homes for sale in Bishop, TX

Apartments for rent in Bishop, TX

10. Agua Dulce, TX

Median Sale Price: $105,000 

Walk Score: 22

Agua Dulce is a paradise for outdoor enthusiasts, offering ample opportunities for horseback riding, hiking, and stargazing. Visit the Agua Dulce Vineyards for a taste of locally produced wine or explore the nearby Lake Corpus Christi State Park for a day of water-based fun. Agua Dulce’s friendly community and serene environment create an idyllic setting for those seeking a slower pace of life.

Homes for sale in Agua Dulce, TX

Apartments for rent in Agua Dulce, TX

11. Balch Springs, TX

Median Sale Price: $255,500 

Walk Score: 52

Balch Springs prides itself on its strong sense of community, with numerous events and gatherings throughout the year. Visit the Balch Springs Historical Park to learn about the town’s past and its cultural significance. Outdoor lovers will enjoy the area’s lush green spaces, providing the perfect backdrop for picnics, sports, and family gatherings. Balch Springs embodies the essence of small-town charm with all the amenities and conveniences of modern living.

Homes for sale in Balch Springs, TX

Apartments for rent in Balch Springs, TX

12. Lancaster, TX

Median Sale Price: $288,000 

Walk Score: 39

Lancaster, offers a thriving community with a rich historical heritage. Explore the Historic Town Square, where you’ll find charming boutiques, restaurants, and art galleries. The Lancaster Community Park offers a range of amenities, including playgrounds, sports fields, and walking trails. Lancaster is known for its commitment to the arts, with local theaters and community events celebrating creativity and culture. Discover the warmth and vibrancy of Lancaster, where past and present seamlessly coexist.

Homes for sale in Lancaster, TX

Apartments for rent in Lancaster, TX

13. Hutchins, TX

Median Sale Price: $281,000 

Walk Score: 43

Hutchins provides an affordable living option close to the bustling city of Dallas. The Walk Score of 43 suggests a car may be necessary for daily errands, but the town’s proximity to major highways makes commuting a breeze. 

Spend a relaxing afternoon at Grimes Park, or explore the nearby Trinity River Audubon Center, home to diverse wildlife and stunning landscapes. Hutchins offers the perfect balance between city conveniences and small-town charm, making it an attractive destination for those seeking a suburban lifestyle.

Homes for sale in Hutchins, TX

Apartments for rent in Hutchins, TX

14. Duncanville, TX

Median Sale Price: $340,000 

Walk Score: 84

Duncanville is home to numerous parks, ensuring that residents have ample opportunities for outdoor recreation. The city’s vibrant downtown district boasts an array of shops, restaurants, and cultural attractions. Duncanville’s commitment to community engagement and its focus on arts and culture make it a truly special place to call home.

Homes for sale in Duncanville, TX

Apartments for rent in Duncanville, TX

15. Highland Park, TX

Median Sale Price: $2,610,000

Walk Score: 33

This town’s exquisite architecture and lush landscapes make it a picturesque retreat. Highland Park is known for its affluent community and proximity to Dallas’ cultural and recreational offerings. Visit the Dallas Country Club for a round of golf or unwind at the Katy Trail, a popular spot for joggers and cyclists. The town’s commitment to preserving its natural beauty and architectural heritage has earned it a reputation as one of Texas’ most prestigious communities.

Homes for sale in Highland Park, TX

Apartments for rent in Highland Park, TX

Wrapping up the small towns in Texas

From the tranquil charm of Sweetwater to the luxurious allure of Highland Park, these small towns in Texas have something for everyone. Whether you seek affordable living, close-knit communities, or upscale amenities, these towns offer a diverse range of experiences. Embrace the unique character and attractions of each town, and you’ll discover the true essence of Texas hospitality.

Source: redfin.com

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In our latest real estate tech entrepreneur interview, we’re speaking with Manuela Seve and Renata Thomé from Alpha’a.

Who are you and what do you do?

Manuela Seve (CEO): I have a background in finance, having worked as an equity analyst at Gávea Investments, one of Brazil’s most reputable investment management firms. My trajectory in the art world began at an early age; coming from a long line of art collectors with a foothold in the Latin American art market.

Renata Thomé (COO): I’ve built an extensive network of collectors, artists and dealers over the years. Before joining Alpha’a, I spent time working for major New York City galleries and auction houses including David Zwirner and in the Latin American art department at Christie’s. I also worked as an art consultant for the online auction house Paddle8.

What problem does your product/service solve?

Filling walls at scale whilst maintaining affordable pricing and high design standards is a massive challenge. Current options are expensive art galleries and art advisors, or posters that are detrimental to design concepts.

Alpha’a is an online, community-oriented platform offering tailor-made art collections for businesses across all industries including hospitality, tech, interior design and more — and makes artists’ works, primarily limited-edition prints, accessible to audiences all around the world through cutting-edge technology. With a network of more than 7,000 artists, we have spearheaded initiatives with notable names in contemporary art such as Ernesto Neto, Jarbas Lopes, Alexandre Arrechea and Nelson Leirner. Alpha’a streamlines the supply chain process by printing pieces directly in the originating country of each client’s business. Clients include Airbnb, Gilt, West Elm and Zola.

What are you most excited about?

We recently opened a new $2 million round, which is well on its way to closing. The funding will be used for the continuing growth of the Alpha’a team in numbers and talent across our business units. This will result in creating new design tools, additional platform tools, more partnerships with local creators and an Alpha’a scholarship program in Latin America.

What’s next for you?

Our goals for Alpha’a are simple and powerful: To become the back office used by every artist in the world, to be the largest global source of art without inventory and to use technology to bring artists and companies together everywhere and anywhere.

What is a cause you’re passionate about and why?

As co-founders we share a passion for saving the world’s ecosystem. Using the arts, including other disciplines such as music and dance, we have created campaigns for a number of sustainability projects. In doing so, Alpha’a has partnered with prestigious NGOs such as Ocean, Globo and The Rainforest Alliance to effectuate change through our global artists community.

Thanks to Manuela and Renata for sharing their story. If you’d like to connect, find Manuela on LinkedIn here and Renata here.

We’re constantly looking for great real estate tech entrepreneurs to feature. If that’s you, please read this post — then drop me a line (drew @ geekestatelabs dot com).

Source: geekestateblog.com

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Within the gentle embrace of South Carolina’s landscapes, a collection of small towns beckon with their unique stories, vibrant communities, and heartfelt charm. These towns offer more than just residences; they offer a slice of Southern hospitality, a sense of belonging, and a connection to history and tradition. In this article, we’ll journey through the 9 small towns in South Carolina discovering the experiences, attractions, and warm ambiance that make each of these towns a haven worth exploring.

1. Due West, SC

Median sale price: $454,000 

Walk Score: 31

Nestled in South Carolina’s scenic beauty, Due West welcomes residents with a peaceful retreat that evokes a sense of serenity. The town’s historic charm is reflected in its well-preserved architecture and tree-lined streets. Due West boasts a close-knit community that gathers for local events, farmer’s markets, and gatherings, fostering connections that make the town truly special. 

Homes for sale in Due West, SC

Apartments for rent in Due West, SC

2. Johnston, SC

Median sale price: $112,500 

Walk Score: 40

Living in Johnston provides a Southern experience with a strong neighborhood bond. Residents often gather at local spots like Calhoun Park for picnics and leisurely afternoons. The nearby annual Ridge Peach Festival celebrates the town’s agricultural heritage, showcasing local produce, arts, and crafts.

Homes for sale in Johnston, SC

Apartments for rent in Johnston, SC

3. Saluda, SC

Median sale price: $269,900 

Walk Score: 56

Saluda’s allure lies in its blend of old-world charm and modern delights. The town’s arts scene thrives through galleries, studios, and live performances that celebrate creativity. Visitors and residents can explore local shops, enjoy farm-to-table dining, and immerse themselves in the culture that defines Saluda. 

Homes for sale in Saluda, SC

Apartments for rent in Saluda, SC

4. Manning, SC

Median sale price: $286,000 

Walk Score: 62

With its proximity to Lake Marion, this small town in South Carolina is brimming with waterfront beauty and outdoor adventure. Boating, fishing, and lakeside picnics are part of the town’s everyday life. Manning’s downtown offers local businesses and eateries that cater to a variety of tastes, while its community events create a sense of togetherness that resonates with both residents and visitors.

Homes for sale in Manning, SC

Apartments for rent in Manning, SC

5. Newberry, SC

Median sale price: $187,250 

Walk Score: 67

Newberry is a town where tradition and progress coexist. The town’s historic opera house, local theaters, and cultural events provide a taste of the arts. Newberry’s downtown is dotted with boutique shops, charming cafes, and a strong sense of unity. The town’s natural beauty and cultural offerings create an environment where residents can enjoy the best of both worlds.

Homes for sale in Newberry, SC

Apartments for rent in Newberry, SC

6. Edgefield, SC

Median sale price: $338,250 

Walk Score: 43

Edgefield’s historic charm and Southern hospitality come together to create a town that’s steeped in heritage. The town’s preserved architecture, local museums, and historic sites offer a journey back in time. With dozens of quaint shops, galleries, and annual festivals, residents always have something to do in Edgefield.

Homes for sale in Edgefield, SC

Apartments for rent in Edgefield, SC

7. Hampton, SC

Median sale price: $202,000 

Walk Score: 32

Placed in the heart of the Lowcountry, Hampton offers an easygoing retreat where nature’s beauty and small-town comforts converge. The town’s relaxed pace of life is complemented by its parks, nature trails, and nearby wildlife refuges. Hampton’s local businesses and eateries provide a touch of charm, while its community events foster connections among neighbors.

Homes for sale in Hampton, SC

Apartments for rent in Hampton, SC

8. Clinton, SC

Median sale price: $180,750 

Walk Score: 63

Clinton’s historic downtown exudes a sense of timeless elegance. Residents often enjoy strolling through the historic downtown, stopping by specialty shops or indulging in Southern comfort food at popular eateries. Located in Clinton, the Musgrove Mill State Historic Site provides visitors the chance to delve into Revolutionary War history, adding to the town’s unique appeal. 

Homes for sale in Clinton, SC

Apartments for rent in Clinton, SC

9. Iva, SC

Median sale price: $210,000 

Walk Score: 53

Iva captures the essence of Southern comfort and community, inviting residents to embrace a slower pace of life. Residents often gather for events like the annual Iva Reunion, where old friends and new acquaintances come together to celebrate their shared heritage. Outdoor enthusiasts can explore Lake Secession for fishing and boating, while the nearby Sadlers Creek State Park provides hiking trails and picnicking spots.

Homes for sale in Iva, SC

Apartments for rent in Iva, SC

Wrapping up small towns in South Carolina

South Carolina’s small towns offer a variety of experiences, from historic elegance to natural beauty, and from Southern heritage to artistic vibrancy. These towns provide more than just houses; they offer a lifestyle that celebrates community, tradition, and the simple joys of life.

Source: redfin.com