Pre-existing home sales slumped 18 percent in August. The median price dropped 3 percent.
The only reason Dallas home prices haven’t cratered like SoCal, Vegas, South Florida and Phoenix is that they didn’t balloon as much in the first place.
Contrary to Texans for a Sound Economy and other numbnuts, being a more moderate Republican governor (Schwarzenegger, to a degree, Charlie Crist in Florida) doesn’t doom your state economy to hell.
It’s the economy, stupid. Period.
A skeptical leftist's, or post-capitalist's, or eco-socialist's blog, including skepticism about leftism (and related things under other labels), but even more about other issues of politics. Free of duopoly and minor party ties. Also, a skeptical look at Gnu Atheism, religion, social sciences, more.
Note: Labels can help describe people but should never be used to pin them to an anthill.
As seen at Washington Babylon and other fine establishments
September 08, 2008
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