Tag Archives: Dallas Morning News

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Mixed messages from home buyers

Today there’s an article from the Dallas Morning News’s Steve Brown titled “Builders say home sizes are shrinking” which is similar something I wrote about a month ago “Home buyers focusing on smaller homes”. Both source articles say basically the same thing – “Downsizing continues,” said Eliot Nusbaum of Better Homes and Gardens magazine, which [...]

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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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How to know when the upturn’s here

Interesting article in the Dallas Morning News yesterday on the economy. In our cyclical economy, there are certain clues to look for that will point to a recovery. The article reviews three main components hardest hit – jobs, housing, stocks – and provides its signs to watch for. On Jobs: Economist Sophia Koropeckyj, a managing [...]

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Map of 2008 Dallas Foreclosures

Here’s a very interesting Google mashup that shows all the Dallas area foreclosures by address. Simply pick the zip code of choice and it will show you all the dirty details. Enjoy! Link: Sources:2008 Dallas-Fort Worth Foreclosure Map

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Builders and financial stability

There have been several recent stories in the local news about builders filing for bankruptcy. While a natural part of the cyclical nature of our business, it certainly doesn’t give any comfort to potential home buyers. I have seen builders small and large forced to close their doors. In the rapidly rising market of the [...]

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Housing starts are way, way down…

…and this is a good thing. It’s a sign of the cyclical nature of our business. From an article in the Wall Street Journal comes data from the Commerce Department. Construction of new single- and multifamily homes sank 15.5% in December from the previous month to a seasonally adjusted annual rate of 550,000 units — [...]

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Texas future job outlook

Well, just to show that I am not a complete Pollyanna (Wikipedia: Pollyanna), here’s some information I have been dreading (but thinking it might be coming): The national recession is about to catch up with Texas, costing the state 111,000 jobs in the next six months, the state comptroller warned legislators in Austin on Monday. [...]

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Newsflash – it’s not all bad!

After a brief hiatus (thanks Google for repeatedly resetting my password), there are so many interesting articles online to discuss. I continue to believe that, for multiple reasons, the DFW market in general, and certain sub-markets, in particular, do not face the same sort of doom and gloom facing the rest of the nation. How’s [...]

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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, [...]

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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 [...]