Like 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 include new home or condo sales.
“And median sales prices of homes sold by agents in North Texas declined again in July. “
But Steve, you also just reported that sales increased 18% when those prices dipped!!!!!

“Fiserv estimates that Dallas-area prices will be down only about 0.3 percent by early 2012. And local home prices will rise a scant 0.5 percent in 2013 — the first full year of increases, according to the forecast.”

Overall, the U.S. housing market is showing signs of stabilizing, David Stiff, chief economist at Fiserv, said in the report.

Again, keep up the good work and we’ll try for a triple dip! We are not having a party in real estate by any means, but what I hear from my boots on the ground is that inventory is low and Realtors are scrambling to find homes to show. It’s a local story, folks, and we’ve got to quit getting spooked by these broad, national reports.

Live blogging from Inman’s Real Estate Connect in San Francisco: Kenneth Rosen, Chair Fisher Center for Real Estate and Urban Economics Professor Emeritus, UC Berkeley, said that Washington’s economic policies for housing are basically kicking the US housing market in the teeth. He’s my new hero!