The average sale price on a pre-existing home in Dallas-Fort Worth, the state's largest metropolitan area, declined for the fourth straight month after going up in the first half of the year. While not a California, Arizona, Nevada or Florida-level problem, nonetheless, prices are off almost 10 percent form 2007. And, while the October decline wasn't the worst in the nation, it was worse than the national average. That's why it's funny, almost laughable, to read major DFW real estate agents essentially whistle in the dark about 2011.
That said, most of them probably voted for the eternally lucky Tricky Ricky Perry, and therefore have no choice but to whistle in the dark.
2 comments:
It seems like the recession has been dampened and delayed in TX, but wait, its coming. And as far as Perry, he is emperor for life as long as he wants. Dude is the Boss Daley of TX.
Oh, at least in the parts that don't have much oil anymore, it's happening. We may never hit the national average on unemployment, but it's happening. And, with a nutbar Legislature, more nutbar than Perry, solutions or alleged solutions will be whacky.
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