Next month, I’m going to take a look at home prices in East Dallas, Lakewood and Lake Highlands. My goal? To see if I can find some numbers that make sense, given the wildly contradictory figures that keep getting tossed around. The latest came yesterday with the announcement that purchases of pre-owned homes dropped by 16 percent in North Texas in November.
That’s a pretty big number to swallow. But does it mean we’re about to go into a California- or Florida-style dumper?
I should have the answer to post on the blog in a couple of weeks.