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
Dallas housing market not out of woods yet
Labels:
D/FW housing market,
housing crunch
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