The Year In Dallas Real Estate: Happy First Birthday Dallas Dirt
2008 was a humdinger for real estate, to put it mildly. We could almost call real estate 2008 the year of the “F-word”: Fannie Mae and Freddie Mac, foreclosures, fighting for the MLS, franchise bankruptcies, final days on the job. Then the “B” word overtook the “F” word, cropping up in every other sentence by December: just bail-out everyone. At this time last year, we ushered in New Year’s ensconced in the ”bubble”. Our 401s shone like Mr. America’s biceps. California, Florida and Nevada were symptomatic but phooey on them, OUR market was “holding strong.” Remember the Barnett Shale? The Stoneleigh Hotel and Residences was “hoppin’”. The Mandarin Oriental was getting seven hundred inquiries. Gas, oil, jobs were going to keep us out of the fracas.
Then the meltdown started.
What’s the outlook for 2009? Some say we ain’t seen nothing yet. Some say we will climb out of the ditch mid-year, others say we may have to wait until 2010. What do you think? Experts tell me our market is so-so — lots of inventory, staying on the market for a bit over six-months. We’re “not as bad as elsewhere.” No longer a seller’s market but not quite a buyer’s market inside the LBJ loop. Hec, a few weeks ago we heard some of our home prices had actually headed up.
Thanks to the real estate market, local celebs and realtors, Dallas Dirt had a very exciting first year. We started with the Realstalker (my newest, bestest friend) bashing Phil Romano’s house, we ended with our president’s definite plans to return home to Dallas. In between, Signs of the Times turned into D Magazine’s January cover story. Oh my, how the Sheet(s) has (have) hit the fan this year.
And how can I forget breaking the news that the Jonas Brothers were moving to Southlake, Texas?
Wish we could pop a cork together — my love and very best wishes to all for a divine 2009.
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Happy New Years Candy and happy anniversary blogging it out in Dirt!
Kudos Candy! What a year! Thanks for blogging it all and I can’t wait to read all that 2009 has in store on this site! = )
So now I have Mama (the RealEstalker) and YOU on my favorites………Happy 2009!
When will you post on organic rice farm land so I can be ready?
Please tel me what do you mean by sayin figting for the MLS…