Tag Archives: Dallas home values
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
Last week, we were Debbie Downer’ed by the latest Standard & Poors/Case Shiller report telling us that while Dallas homes saw a scant increase in prices from the spring, they were down overall from last year, that is, 2010. And that is the problem with Case Shiller: first of all, they do not count new home sales. I know, new home sales are also wayyyy down, even though they sure seem to be moving in Allen and Fairview. And Case Shiller also gives you no glimpse into the future. It’s like, well, do we invoke Jim Jones and drink the poisoned kool aid now or later?
I’m not going to say Dallas Real Estate is a hoppin’, but we are really hanging in there. Really. As I mentioned yesterday, I was in Southlake on Saturday, and I went to that adorable Southlake Town Center. Met a cute couple who were building a home in Colleyville because they had just sold their home in Keller in 6 days. Wow!¬† I got nosy and said, so how much did you reduce it by? Was it a fire sale? Only $2000 under asking, they said. You live out here, I asked? Nope, both work in downtown Dallas. They are in Colleyville for a new home, schools and safety.