Category Archives: Market data

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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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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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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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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 [...]

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March 2009 Case-Shiller

Just a repeat of prior months. Summary – the rest of the country continues to see declines, Dallas is flat. In terms of overall rankings, Dallas has fallen the least from its peak of all 20 cities, and has been #1 or #2 in smallest loss of all 20 cities in the last year. Touting [...]

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Residential Strategies Q1 2009 Custom Home Exec Briefing

Highlights from today’s lunch:Nationwide:- As I said previously today, nationwide new home starts are at all time (since 1959) lows- Both existing home and new homes sales are also at lows. Interestingly enough, they have both ticked slightly up recently – probably due to foreclosure sales.- National existing home inventory is at nearly a 10 [...]

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Housing starts are at a historical low – and that’s good news

The Commerce Department released its April data for new home construction and the numbers were staggering. The previous low (in recorded data back to 1959) for housing starts was an annualized rate of 798,000 in January of 1991. The data yesterday was 458,000 – 43% below the all time low! So, why is this good? [...]