Movers & Shakers: Irving Quakes Causing Property Value Concerns

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IRVING, TX -- It’s no secret, the City of Irving has really been moving and shaking this year with all those earthquakes near the old Texas Stadium site.

“I didn’t know what was happening. I knew it was very unusual,” Long-time resident Anne Braly said. She has been in Irving for the past 40 years and has never felt anything like this in North Texas before.

“I can tell it wasn't going to tear the house down, but it was scary,” Braly said.

Yeah, scary is right. In fact, homeowners like Braly are worried about cracks these quakes are causing not only to their property but also to their property value.

“People call us and it's a concern, but earthquakes are not a phenomenon that doesn’t exist anywhere else in the world," said Brandon Bachik with Simple House Solutions.

They have sold lots of homes in the Irving area and say these quakes aren’t strong enough to shake the housing market.

“The positive economy, the positive job growth, that's really why the real estate market is so hot. So I think this is kind of a side note right now of these earthquakes happening,” real estate agent Frank Packard-Reed said.

Irving is trying to figure out what the heck is happening by bringing in experts from SMU to monitor the site.

But Packard-Reed -- who moved here from California -- says no need to worry.

“Where I'm from in California, they have incredible earthquakes, values there are sky high right now.”

Yeah, let's hope that's the only kind of housing boom we have here.

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