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Update 11:08 p.m.: Here’s Steve Brown’s take on the shrinking Dallas real estate market. If you don’t want to read it, he’s basically saying what I said: fewer bargains, less inventory, and we may be inching towards a seller’s market!
Central Texas home sales are up 19% over the same time period last year, that’s the good news. Bad (maybe) news is, prices have declined. The median price of an Austin area home last month declined by 3 percent to $189,720, according to the Austin Board of Realtors. For the year, the area’s median home price remained unchanged at about $194,900.
“It’s The Housing, Stupid.” – What I hope someone writes on a wall somewhere in the White House.
Now that there is a pay wall at the Dallas Morning News — I do subscribe — I will try and give you a weekly re-cap of real estate news and a look/see at what our local market is doing. Let’s call it Good News/Bad News. Because, as we all know, just because the sky is falling in Maryland, it may not be here in Dallas. Here’s a piece I wrote on AOL, eager to show the world that housing is not blanket-ly bad. Because if you read the headlines Monday, you may have wanted to go back in bed and pull up the covers for another five years. Yahoo News: “Home Sales Tumble”. The National Association of Realtors says home sales tumbled 9.6 % and are at a 9 year low, which I guess is better than a ten year low.
Read more on Dallas Real Estate News Round Up: It’s The Housing, Stupid…
This is Adrian Beltre. Third baseman for the Texas Rangers. Born in the Dominican Republic. He is selling this California home, as I mentioned to you earlier in the week, and he and his adorable wife are house-hunting in — where else — Vaquero. (Update: My friend the RealEstalker, a.k.a. Mama,¬† tells me that Bradbury, where Adrian’s Cali house is on the market for $19 million big ones, is one of the most expensive communities in the country. It is also surrounded by toilet bowls. If you are ever looking out there, take toilet paper.) But here, that agent- to- the- stars, Allie Beth Allman, has been toting the darling couple around town all week. Allie Beth, as you may recall, is the agent who found former President George and Laura Bush their home over on Daria Drive. Here’s one of the glorious homes the Beltres may have been gazing at in Southlake, but I hear they have their hearts set on Vaquero. Tons of inventory out there, like the Jonas Brother’s home. Or this one, one of my all time favorites, because the lines are so clean.