Economic Recovery
Perhaps the new sign of fully recovered economy should be a McMansion? Or maybe our economy would be better judged by the size of the middle class? In 2010, while we were still trying to figure out what went wrong with the federal stimulus and which bank was to blame for it all (answer: none…
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Economists were pleasantly surprised last week after a glowing jobs report that has lead to surging 30- and 15-year fixed mortgage rates. The 30-year fixed rate is up from 4.17 percent to 4.41 percent, and the 15-year fixed rate is up to 3.41 percent from 3.38. That’s the word from Zillow’s Mortgage Marketplace, at least:…
Read MoreDon’t get me wrong, I am thrilled to see Case-Schiller reporting double-digit annual growth across all composites in their latest report. The 10- and 20-city composites showed gains of 10.3 and 10.9 percent through the year ending in March 2013. For the Dallas area Home Price Level Index, the year-over-year growth according to Case-Schiller’s indicies…
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