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July 07, 2009

Dallas housing market tanking

Well, Gov. Helmethair, aka Tricky Ricky Perry, can talk all he wants about the resilience of the Texas economy, but the Dallas housing market puts the lie to that claim.

Of most concern, I think, is that new housing starts are off even more than new home sales from a year ago. And, the market is still oversupplied.

But, a study says the Metroplex has little risk of home prices being lower two years from now.

Well, I guess area homeowners will see … two years from now.

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