The news this morning that single-family housing starts in the United States dropped 5.3 per cent to their lowest level since 1991 was not encouraging. Neither was a report from the National Association of Realtors that its index of future home sales unexpectedly dropped.
So far, we’ve managed to avoid most of the bad news associated with the housing collapse. Has that changed? I’ll have an answer next week, when I’ll look at home prices in this area for the first six months of this year and compare it to prices and sales data since 2003. It’s a follow-up to the piece I wrote in January for our East Dallas magazine.
And a bonus: The blog post will link to a chart with five-year home price data for the 20 ZIP codes that are in our four-magazine coverage area, so can compare your prices with those in Preston Hollow, Lakewood and Lake Highlands. The numbers, compiled by the indefatigable Ron Burch of Coldwell Banker, are quite intriguing.
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