THE BUBBLE/ADIOS McMANSIONS?

Correction folks: The 31 percent drop in sales was in zip code 75205, the 23 percent increase in sales was in 75206. (Sorry I wasn’t able to “cut and paste.”) According to The Wall Street Journal, homes in 75206 are selling better because they are cheaper and half as big–whereas in 75205, they are 6,000-square-foot-plus McMansions. I have placed my calls to the local sources. What I suspect: 75206 is an area where young, first-time home buyers are closing on homes. Another thing to consider: Are the McMansion owners ditching their homes for condos and high-rises? Do stay tuned!