Median Sales Prices
With home prices soaring in Dallas, many buyers wonder what it would cost to live in other cities. Turns out, inventory is tight around the nation, not just in North Texas. In Dallas, the average home price is $230,500, a year-over-year increase of 9.76 percent, according to HSH.com. The means you need an annual salary of $53,824 to buy…
Read MorePlease note: I am curbing my use of the phrase “on fire” these days, when it pertains to homes. Should I slip, please catch me. August home sales in North Texas surged by 27 percent last month, the biggest gain in more than a year. According to NTREIS, more than 6,800 pre-owned single-family homes sold last month. That’s just awesome. It was…
Read MoreUpdate: At that Vail meeting with Kelcy warren et al, The Daily Beast is now reporting that the Koch brothers compared President Obama to Sadaam Hussein. He is picking up money like crazy. On the Perry bandwagon now apparently is energy billionaire Kelcy Warren, he of pipeline magnate Energy Transfer Partners, and owner of one of…
Read MoreLike I’m serious. This is ridiculous. The real estate headline in yesterday’s Dallas Morning News says: “Dallas-area home prices projected to inch lower in coming months” Inch? Creep? Lean? “Dallas-area home prices were down almost 5 percent from a year ago in the latest Case-Shiller Index data for May.” Yes, Case-Shiller. Old data and doesn’t…
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