Monthly Archives: December, 2008

Housing Economics 101

Since I am somewhat of a numbers junkie, I wanted to review a few data points I find interesting. 1) A house value is not related to national trends, they are regional, and I would further argue that they are really neighborhood driven. This is the recent Case-Schiller data: Point: ignore home value numbers if [...]

This makes too much sense (which is why it will never happen)

Here’s a dead simple way to help our new home buyers and those who want to refinance – us the 30-year Treasury Bond as a baseline. The US Treasury offers loans to banks at 50 basis points above the 30 year at issuance to those who are willing to make mortgage loans. That would now [...]

More news, more noise…you must read between the lines

Once again the Dallas Morning News has a doomsday article about residential real estate in Dallas. This time, it’s an article about Dallas’s increased risk of foreclosures (as measured by a research group out of San Fransisco). Dallas is 174th out of 376 metropolitan areas in terms of risk. To come up with the rankings, [...]

Texas Economic Review – October 2008

The Texas economy is relentlessly adding jobs despite more job losses for the nation. Texas’ nonfarm employment rose 2.2 percent from October 2007 to October 2008 compared with a decrease of 0.9 percent for the United States. The state’s seasonally adjusted unemployment rate rose from 4.3 percent in October 2007 to 5.6 percent in October [...]

There are encouraging signs if you stick to the facts

Despite the doom and gloom scenarios painted everywhere, there are some encouraging signs. The housing market is, as we frequently forget, all about location, location, location. The same market does not exist in far north Dallas (Frisco) as it does in a central location like the Park Cities or Bluffview. The houses are different, the [...]