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September 10, 2009
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Forecast Says DFW to be One of Top Housing Markets for 2009
from The Dallas Morning News
Despite continued sale declines, a new forecasts predicts the Dallas area will be one of the top home markets in the country this year. Fort Worth, Houston, San Antonio and Wichita Falls are also on the list of what are expected to be the 10 top-performing housing markets, according to a report by analysts at Local Market Monitor. Home sales prices in North Texas are down about 2 percent so far this year, according to data collected by local real estate agents. By comparison, U.S. home prices have fallen by more than 15 percent. More
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Supreme Court May Reverse Earlier Campaign Finance Rulings
from The Fort Worth Star Telegram
The Supreme Court signaled Wednesday that it may let businesses and unions spend freely to help their favored candidates in time for next year's elections. Such a step could roll back a century of attempts to restrain the power of corporate treasuries in American politics. The justices cut short their summer recess for a lively special argument indicating that the court's conservative skeptics of campaign finance laws have the upper hand over its liberals, including new Justice Sonia Sotomayor.  More
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A Year After Ike, Thousands Wait to Go Home
from The Houston Chronicle
Today, 2,180 families remain in mobile homes or other temporary housing provided by FEMA, mostly in Galveston or in the Beaumont-Port Arthur area. An additional 10,595 households are participating in the federal Disaster Housing Assistance Program, which provides temporary rent subsidies for qualified families affected by Ike.  More
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Mortgage Program Picking Up Steam
from The Houston Chronicle
The Obama administration's $50 billion mortgage relief program is finally picking up speed after a sluggish and disappointing start: Nearly one in five eligible homeowners has been offered help so far. The Making Home Affordable plan was launched with great fanfare in March. As of last month, lenders had sent more than 571,000 offers to reduce borrowers' monthly payments, the Treasury Department said. That's 19 percent of the nearly 3 million homeowners eligible for loan modification under the plan, up from 15 percent at the end of July.  More
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Democrats Descend on Texas
from The Fort Worth Star Telegram Politex Blog
Texas will host its biggest national Democratic gathering in years when members of the Democratic National Committee meet in Austin this week for a three-day meeting that will include an emphasis on party-building and President Obama's national health care plan. The meeting is expected to draw more than 600 Democratic officials and DNC members and constitutes the DNC's first gathering in Texas since the mid-1970s.  More
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New Owners Starting Work at Stalled Development
from The Austin American Statesman
Some of the original backers are now the new owners of the stalled Skywater development in Horseshoe Bay, with plans to break ground Friday on a Jack Nicklaus Signature Golf Course to anchor the $245 million community. The 1,618-acre project overlooking Lake LBJ is the first major new residential development in the region to relaunch during the recession.   More
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Tarrant County a Hot Spot in Brewing Battle Over Redistricting
from The Fort Worth Star Telegram
As Texas Democrats and Republicans gear up for the statewide primaries in March, many eyes are looking past next years elections to 2011 and 2013. That's when the Legislature will again take on redistricting. The process by which states redraw their congressional districts every decade is getting extra attention in Texas, likely to gain more seats than any other state, and especially in Fort Worth, the largest city in the country represented only by Republicans in Congress.  More
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Report: Job Growth May Need to Wait Until 2010
from The Austin Business Journal
Any optimism about better-than-expected job-growth by the end of the year got a dose of reality this week, with a closely watched group saying the economy will likely endure a "weak recovery, perhaps a jobless one." The Conference Board, a private research group, said its Employment Trends Index dipped to 88.1 in August, compared with a revised 88.2 percent in July — and is off 18.5 percent from a year ago.  More
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Oil Rebound in Forecast for 2010
from The San Antonio Express News
Global oil demand will resume its climb next year and should be back to 2007's highs by 2012, IHS-Cambridge Energy Research Associates reported this week. The recovery is expected to come more quickly than after the last major oil bust in 1980, when demand took a decade to reach its 1979 level, because developing nations such as China and India are still primed for growth, said Jim Burkhard, managing director of global oil research for the firm.  More
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