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Even this FSBO has a contract on it!
You know I am not a huge fan Standard & Poors/Case-Shiller Home Price Index. Why? you ask? I’m sure they are very nice people, but their data is old and does not take into account new construction. By old data, I mean that what they are reporting today, this news that has us all giddy, is coming from transactions that were conceived in 2012, like November and December. It takes time to buy a home. A transaction begun last November may be closed in January or February. And Case-Shiller does not take into account new home sales. So like the 6,000 units that Mehrdad Moaydi has vertical, the vast developments booming like Phillips Creek Ranch and Craig Ranch up north of us, all those new home sales are not counted. No condos, either. Case-Shiller only counts residential re-sales.
What I’m saying is that when Case-Shiller is positive, it’s not just good news, it’s UBER great news! And today, Case-Shiller was as positive as I have seen in eons.
Read more on Don’t Faint: Case-Shiller is Getting Almost POSITIVE These Days…
As I told you two weeks ago, the Mary Kay home is on the market and listed with precious Karen Luter of Allie Beth Allman. Fox 4 is doing a story on it this Wednesday, and I’ve even had calla about it from Japan. Of course, it is no longer owned by the late Mary Kay Ash and in fact, the blonde cosmetics tycoon had moved out of the house during her later years and back into her home at 7246 Lupton, pictured below. Meantime, guess who jazzed up the interiors on Douglas? None other than designer-with-a-real-estate-license Mark Godson, who has staged the Palomar Residences as well as a new listing with Debbie Ingram you shall soon be drooling over. I still cannot believe the listing price is only $3.3 for this pink palace. Swear it should be the home of the Mayor of Dallas — as long as he pays the mortage! By the way: I am having lunch with the descendants of the home’s architect, Fred Wynn, tomorrow. They tell me the house was built as a spec house. Get ready for more delicious details on Valentines Day!
Read more on The Mary Kay House is in MLS! Feast Your Eyes On the “Pinkest” House in Dallas!…