Market Corrections

Hyper-Financialized DFW Housing Market Will Get Worse

The National Association of Realtors reported pending home sales for November slid 7.7 percent compared to a year ago. Of course the headline you probably saw in the media was the 0.7 percent drop compared to October's decline in contract signings. With the stock market poised to finish one of the worst Decembers in recent memory, you can rest assured the hyper-financialized Dallas-Fort Worth housing market is going to get worse before it fully recovers. Chief economist, Lawrence Yun, attempted to diffuse concerns about sliding sales numbers in November in NAR's latest press release, but [...]

High End Dallas-Fort Worth Real Estate Could Get Crushed

As I detailed yesterday, the Dallas-Fort Worth real estate market fell out of bed last month. With pending home sales registered to post some of the worst numbers in years and inventory marching higher across the Dallas Fort Worth area, it is painfully clear that that the real economy in the DFW area is more fragile than the sell-side pundits would have us believe. I'm not surprised, because I cover the hype and spin in the real estate sector regularly on this blog. In a recent interview with Bloomberg, 'Black Swan' author Nassim Taleb specifically [...]

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