Slower home price growth is forecast for Dallas-Fort Worth in new report
/Good news for buyers: Slower home price growth is forecast for Dallas-Fort Worth in new report from Zillow.
Read MoreGood news for buyers: Slower home price growth is forecast for Dallas-Fort Worth in new report from Zillow.
Read MoreThis is a great resource from Atmos Energy regarding Natural Gas safety. Check it out!
http://www.atmosenergy.com/download/other/AtmosSafetyNaturalGas.pdf
By: David Goins, WFAA
IRVING — A new quake risk map shows the possibility for a damaging earthquake in North Texas continues to rise.
The U.S. Geological Survey says that risk has grown tenfold since the area started feeling mild quakes in 2008.
Much of that activity is centered near Irving, as well as parts of Parker County.
New map shows rising quake ris
In Irving’s Heritage District, history matters and it’s one thing Georgia Thomas knows well.
“I’ve lived here my entire life,” Thomas said. “I was raised right here on this piece of property and we’ve never had earthquakes.”
Never say never.
SMU - Natural and man-made stress changes that cause earthquakes
Thomas says that changed two years ago when her neighbors began feeling tremors.
And then last year, Thomas’ home shook, too.
READ: Man-made earthquakes put millions at risk, report says
“I felt it," she said. "It was really scary. I thought someone had crashed into the house.”
The USGS released the quake risk map Monday.
SMU - Azle Earthquake locations and regional geologic structure
In North Texas, the risk is less than five percent for what’s called a “damaging ground-shaking” quake, but it’s 10 times higher than what the area saw less than a decade ago.
And for the first time the map shows the risk not just from naturally occurring quakes, but human-induced ones as well.
A peer-reviewed Southern Methodist University study found disposal wells used in hydraulic fracturing as the most likely cause for earthquake swarms in Reno and Azle in Parker County in late 2013 and early 2014.
The Texas Railroad Commission oversees oil and gas exploration in Barnett Shale.
It rejected the study’s findings last September.
“Seems like it started after they imploded the stadium,” Thomas says.
Thomas says she’s not sure to believe but knows she wants the quakes to stop.
As the USGS forecasts more North Texas tremors over the next year.
Copyright 2016 WFAA
A good indicator for the DFW RE Market is the commercial office sector, specifically the new builds, since this has been a driving factor for growth in our area.
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Audra Smolinski is a Broker & Realtor with Gilchrist & Company located in DFW. Audra is proficient, experienced and dedicated to her clients and puts all her skills towards making home selling, buying, and leasing transactions successful!
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