During the boom the new construction out in Dallas was happening at a rapid rate. With flat cheap land, which is much easier to build on than our south Salem hills, building boomed out here. You know the end of this story. Dallas has had one of the most dramatic price drops of the metro [...]
We’ll have to see how the rest of the small towns faire, but Dallas only experienced a 50% jump in foreclosures notices from 2008-2009. It’s pretty sad when a 50% increase is good…Now I think part of that is that some of the builders out there were much smaller builders and went into default in [...]
Dallas Oregon, like Silverton, has a 13 month inventory of homes right now. Also like Silverton, this city has made good gains in cutting that inventory down. Not that 13 months is great by any means, but at least it’s coming down. Dallas Oregon had a similar problem that Silverton had and that was the [...]
