Let’s talk a moment about the elasticity of “neighborhood.” Sometimes the word is used to refer to an entire quadrant of a city, while some people wouldn’t dare call someone from three streets over a “neighbor.” It means pretty much whatever we want it to mean. That’s either useful or frustrating, depending on your outlook, or whether you’re off your meds.
I was talking about this with a fellow from North Texas Real Estate Information Systems — the company that keeps track of regional home sales data — a few months back. NTREIS relies heavily on the self-reporting of individual agents. He noted how inconsistent Dallas-area agents are in their use of the “subdivision” field when logging information about a property. One agent might dutifully type “Bent Tree North #3” while another reports a house on the same block is simply in “Bent Tree.”
This results in it being exceedingly difficult to track trends at a level as specific as a “neighborhood,” whatever that word means.
Anyway, read on to find out about our new neighborhood guides.Read More