Tuesday, March 24, 2009

Survey shows Dallas-area home prices gained nearly 2%

By STEVE BROWN / The Dallas Morning News

Most Texas home markets continued to eke out tiny increases in home prices in early 2009, according to a new report by First American CoreLogic.

Texas home prices were up by just less than 2 percent in the California-based housing analyst’s latest survey released Monday.

While Texas prices rose, nationwide home prices in January fell by 11.6 percent compared to a year ago to the lowest level in almost five years.

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Monday, March 23, 2009

February existing home sales rise by 5.1 percent

PMZ Real Estate Agent Michelle Zeiter, left, walks into a bank owned home she isMarch 23, 2009
By ALAN ZIBEL, AP Real Estate Writer

WASHINGTON – Sales of previously occupied homes jumped unexpectedly in February by the largest amount in nearly six years as first-time buyers took advantage of deep discounts on foreclosures and other distressed properties.

Economists said sales, while still at levels not seen since 1997, may finally be coming back to life after declining sharply following the stock market plunge last autumn.

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Collin, Denton debate future Dallas North Tollway extension

March 23, 2009
By ED HOUSEWRIGHT / The Dallas Morning News

A simple line on a map could translate into billions of dollars for either Collin County or Denton County.

That line represents a proposed extension of Dallas North Tollway, and the adjacent counties are squabbling over the alignment because of the economic bonanza it could bring as homes and businesses spring up around it.

Collin and Denton county officials had agreed the 7-mile stretch should be on the counties' common border to let each share in the riches.

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