Economy
The boys are back, this time I think they are just stalking me.
You may recall Tim Loecker and Justin Kettler when I wrote for D Home Mag, when I lauded them for saving North Dallas ranches one house at a time. It seems these two can never be satisfied with their home, which is why I love them.
Interesting stories out of the Dallas Morning News and really, everywhere, today on Museum Tower. While we think the two parties, the Nasher Museum and Museum Tower, have been negotiating diligently under the capable eyes of Tom Luce, we first get word today that negotiations may have all but broken down, and that litigation may…
I have just returned from the “Mile-High City” where they have altitude, medicinal marijuana and a pretty decent real estate market. I was at the annual National Association of Real Estate Editors conference where, for four days, we nutcakes who obsess about real estate lived and breathed it 24/7, consuming information. And alcohol. The main take-away: enjoy that drink. Significant declines in the number of homes for sale in many U.S. markets, and fewer foreclosures (or foreclosures on hold) are boosting the country’s battered housing market. I spoke at length to two of my favorite economists, Stan Humphries of Zillow, and Mark Fleming from CoreLogic, who gave me this zippy summary up in the hospitality suite of the Brown Palace Hotel:
In the words of Allie Beth Allman agent dynamo Karen Luter, this is not just the deal of the century, but a STEAL: “Yep, $2,999,999. That puts it at the bottom of price per square foot, $247 to be precise for this iconic home, rich in history.” The home was listed at $3,300,000. You get…
Really nice piece here in the New York Times explains why we are beginning to see home prices creep — I said CREEP — upwards, even in markets like Phoenix and Las Vegas: lack of inventory. It’s a very similar situation here in parts of Dallas, mostly the Park Cities, Preston Hollow, and Lakewood: hip…
