Tag Archives: Corelogic
Growing, Growing, Gone: Dallas Market is Fully Recovered From Recession, But NAR Report Shows Pending Sales Are Dropping
It’s official: According to the latest numbers from CoreLogic, the Dallas-area real estate market is fully recovered from the recession and housing bubble. Dallas real estate prices are up 9.7 percent according to the CoreLogic HPI report.
You know why I like the folks at CoreLogic, right, and why I put more weight in their real estate reports than I do the lovelies at Case-Shiller? CoreLogic filters out distressed sales in its reports, which is important. So it’s like that old Paine-Webber commercial: when CoreLogic talks, I listen.
Dallas is on its way to becoming a residential real estate boomtown, thanks to our growing job market and influx of corporate employers. Interestingly, both CoreLogic and Local Market Monitor show very positive, low-risk projections for our real estate market based on previous months’ performance.
The indicators are liking Dallas more and more, and we are getting a reputation around the country for being pretty hot stuff — in our real estate market, that is. According to the latest CoreLogic report, Dallas-area home prices in February were up 7.3 percent from a year ago, February 2011, this in CoreLogic’s latest nationwide price comparison.
It’s something that Candy is working hard to ingrain upon me, but I’m sure you all know this by heart: Real estate is a local story.
So when I read the newest Housing Price Index report from CoreLogic yesterday, I’ll be honest, I kind of yawned. Continue reading
No wonder the home builders all want to come here. No wonder everyone is moving here. A report out today from a major researcher housing indexer says we have one of the lowest home foreclosure rates among major U.S. cities.
In a meeting with a major North Texas developer this week, he said to me: “I do not like Rick Perry all that much, and I do not think he is very smart. However, he is sending out a great message about Texas and we are getting all sorts of out-of-state interest in our properties. So do I support him for the White House? Heck yes!”