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Articles for June 16th, 2009

Dallas Real Estate Market Report: When Will The Sun Come Out?

Not ’till 2010, according to Wells Fargo Economics senior economist Eugenio Aleman, and well into 2010, when the job markets start to stabilize. (Austin’s job market is healing, but Austin job recovery may take even longer.) What we don’t need about now is rising interest rates, which have crept up lately. Rates over 7 and 8 percent could stifle any small gains we’ve made in this spring market.

Could TRCC Dismantle Lead To Higher Building Costs?

Many consumer groups felt the TRCC was so builder-friendly,  it just gave victims an even bigger nightmare. But builders say letting everyone duke it out in court will  lead to higher costs for everyone. So who should regulate the home building industry: the state or the courts?

Serious Selling: Lance Armstrong’s Dripping Springs Dropping Price

lancedrippingspringsReduced to $10.5 million from $12 million, this amazing property includes almost 450 acres with water views of the Perdenales River and 360 degree views of  the Texas Hill Country skyline. The home has over 4200 square feet, five bedrooms, five baths, guest house, recreation building, and over seven private hike and bike trails. With a 1.5 million price reduction, sounds like new dad Lance is dead serious about selling. (Thanks to Zillow’s Diane Tuman for the lead!)