Dallas Is Number 2 In Job Growth
Which is great and fabulous, helps our Real Estate market, and I’m a huge cheerleader when it comes to our market. OUR MARKET, that is, Preston Hollow, Park Cities, Lakewood, Kessler, anything inside the Loop. Yesterday I spoke with an Arlington Realtor who has 5 foreclosures on her hands — all in Arlington, which has been hard hit; Not one of the bank/owners are working with the homeowners to keep them in the house, she said. (Not to say they should, there’s just been talk of that from someone in D.C.) Then today the New York Times wrote about Lavon, Texas, as an example of how W’s home state is bearing its share of the downturn in this outskirt town… and my my, bet J. Michael Jones, Lavon’s city marshal and chief administrator, is having fun pinning that NYT clip to his bulletin board. I’ll bet James P. Gaines, my fave research economist at Texas A&M’s Real Estate Center and also quoted, wondered “what the heck” when he saw a 212 area code call coming in. Speaking of area codes, I know 214 is living in somewhat of a bubble because our home prices are even heading higher, as the article acknowledges. And yes, we know the story way north of LBJ is not the same one being told close-in. This story proves once again that Real Estate trends cannot be lumped together in a big ole’ cow-pattie heap. Do that, and you get something else.
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