Category Archives: Economics

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Case-Shiller update

It’s been a while since I’ve taken a hard look at the Case-Shiller data. I don’t really like the data for three reasons – 1) it only measures existing homes being resold from one period to another (they call it a paired sale), 2) it doesn’t include new homes (and thereby the improvement of the [...]

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DFW Housing starts up, and down

Good local housing data article on the D Magazine Real Points blog by Ted Wilson of Residential Strategies. Several times a year, we go to presentations by Ted and his crew to review the current state of housing in the DFW area. Short summary – new home starts in Q2 2011 is down from Q2 2010, but [...]

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Figures show Texas’ economic recovery continues

AUSTIN – According to the Texas Quarterly Housing Report released yesterday by the Texas Association of Realtors (TAR), Texas homes maintained their value in first quarter 2011. This despite a decrease in sales volume, indicating that economic recovery continues in Texas. “While Texas has not been untouched by the recent economic downturn as indicated by [...]

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Appraisal Institute Launches ‘Green’ Valuation Program

About time! It seems that the appraisers have finally decided to get on board with new building protocols. According to the link below, the appraisal industry is making efforts to educate its members on the value of “green” and the building of high performance homes. This is not unlike the new “green” fields available now [...]

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Well, no wonder the banks aren’t lending!

I have been seeing more and more evidence in the last several months of banks and their increasing unwillingness to lend or being downright slow when they will lend. We own a small rent property with a loan of $110,000 that the current bank no longer wants on their books. Well, they would keep it, [...]

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Senate Approves Extended U.S. Homebuyer Tax Credit

Today the Senate approved the extension and expansion of the first time homebuyer tax credit. Most critically, the credit has been expanded to include those that have lived in their residence for at least five years. They will be able to receive a $6,500 credit. It also increases the earnings limit to $225,000 per year [...]

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August 2009 Case-Shiller review

After reviewing last week’s August Case-Shiller data, I am less focused on Dallas’s relative performance (which continues to be stellar by the way) and more focused on what this means going forward. In short, Dallas continues to be the best performing market in the country – having been ranked #1 or #2 in terms of [...]

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We’ve heard this story before – FHA in trouble

As forewarned by several people (here: The FHA No Down Loan and by me here: Are you kidding me?), it appears that the Federal Housing Authority (FHA) is in trouble. Money quote: The Federal Housing Administration, hit by increasing mortgage-related losses, is in danger of seeing its reserves fall below the level demanded by Congress, [...]

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April 2009 Case-Shiller details

After plowing through the stats (link here if you want the source file), I am, once again, glad to be in Dallas. The rate of annual year over year declines has slowed slightly both in Dallas and nationwide. We usually see an uptick in prices through the spring/summer months, so this is to be expected.The [...]

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I like these kinds of headlines – Dallas homes are among most undervalued in U.S.

Home prices in the Dallas area are almost 32 percent “undervalued” according to the latest measure by IHS Global Insight. The same study shows that priced here have remained virtually unchanged over the year ending with first quarter 2009. Sounds good, right? But what about this? Texas has traditionally had undervalued housing because of the [...]