Steve Brown in the Dallas Morning News had a pretty interesting story in Saturday’s edition: The previously bulletproof McMansion sales jugernaut apparently has slowed considerably. It appears the number of completed but unsold McMansions is on the rise, and some of the builders are sweating a bit with unsold inventory. On the other hand, from personal observation, I can’t say that I’m seeing a slowdown, because it sure seems like construction is continuing throughout Lakewood. Maybe the market is slowing down, or maybe so many McMansions have been built without buyers that we’re just seeing the most obvious natural phenomenon in economics: too much supply generally means lower prices and slowing sales.
Click to sign up for the Advocate's weekly news digest and be the first to know what’s happening in Lakewood/East Dallas.