Close-in Dallas-area neighborhoods that had dodged the worst of the housing recession are now getting clobbered. Park Cities home sales plunged 37 percent in the first half of 2009. In North Dallas, sales were down 19 percent from the same period last year, and median prices are off 17 percent. Sales are down 23 percent this year in Oak Cliff and 20 percent in East Dallas.Housing market woes, which started in far suburban areas, have finally taken root in the heart of town, the latest statistics show.Real-estate agents blame the in-town slowdown on a number of factors.
Friday, July 17, 2009
Housing recession finally hits in heart of Dallas
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