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“The inventory of new homes has been reduced in 2009, but remains far above healthy levels. This is reflected in the continued increase of median time on the market for new homes in 2009, shown in the second graph of this article.
The slight inventory improvement of 2009 may be wiped out very quickly because the sales and starts data are moving in opposing directions in a hurry, as seen in the graph…”
via Bad Karma for Homebuilders: Starts Up, Sales Down — Seeking Alpha.
“Baby boomer buyers fueled a big run-up in U.S. home construction and sales in the 1970s and 1980s.
Now beleaguered homebuilders say theyre hoping aging boomers, who are just entering retirement age, will once again give them robust housing sales…”
via Homebuilders hope boomers beat path to their door like they once did | News for Dallas, Texas | Dallas Morning News | Dallas Business News .
DFW, Economy, REnewsDecember 28th, 2009
“Commercial property foreclosure filings in the Dallas-Fort Worth area jumped by more than a quarter in 2009…”
Commercial foreclosure filings post big jump in 2009 | Dallas Morning News
commercial real estate