Is Texas real estate slowing down?

[Broncojohnny]

Here in Allen, there are homes on the market for less than a week getting full-price offers with incentives. That, of course, was during the summer before school started. Now things have slowed down considerably but they're still selling.

I have been watching the market for houses over $400k in Plano for over a year. These are houses that are built between 1993 and 1998 and are priced at $125-$160 psf. They are 3-4 bedrooms and a lot of them have pools. Some of them come out and are gone very quickly. But if they aren't snatched up, they seem to sit for months. I see a lot of price reductions if they don't move quick.

[Broncojohnny]

you've never seen roll races done at a track? why mention they are roll racers if the dig was a given? spend more time at the track instead of disney land, lots of things have changed. your stock block with a t-trim and 15 pounds would likely shit itself pulling on the trailer. care to prove me wrong?

Uh oh, Naynus done got all huffed up again about the internet.

Don't worry, one of these days you'll be able to afford something besides an old truck that looks like it belongs in a fucking circus.

[KJ94GT]

Here in Allen, there are homes on the market for less than a week getting full-price offers with incentives. That, of course, was during the summer before school started. Now things have slowed down considerably but they're still selling.

[kpc01]

My realtor made $125k last week. Still booming for some. I've noticed stuff is on the market a little longer, but I think it's mostly from pricing. A lot of it sells after a couple drops.

Yes I think pricing is a little high people getting more and more greedy. Its still selling quick if its priced right but not AS crazy as it was the last 3-4 months.

[David]

My realtor made $125k last week. Still booming for some. I've noticed stuff is on the market a little longer, but I think it's mostly from pricing. A lot of it sells after a couple drops.

[Cooter]

it's cooled a little here south of Houston... we pay attention to the lower end of the spectrum (sub ~325k) and we've actually been seeing decent stuff in the 200-275k range that actually sits for a few weeks, and we've actually seen some price reductions on stuff as well.

This summer everything was going as soon as it was listed.

as stated above, part of that is the natural slowdown cycle after summer, but it feels a little more extreme vs last year at this time.

My sister just bought a place in 75080 that seemed stupid expensive to me, but I'm sure she'll luck into doubling that shit in a few years (not that I wouldn't be ecstatic for her!)

we've been really tempted to build, but I just don't have it in me right now to deal with GC'ing a home build, and I refuse to pay retail for anything

we're in the option period on a house we offered on last week. I've been collecting retail bids on all the stuff that needs to be done. Hopefully we can negotiate the price down some

[black2002ls]

I sell products to home builders and Houston is flat YOY, Dallas and Austin up 10% or more YOY

Who do you work for?

I would expect that to lag almost ask much as oil prices and declining rig rates.

How has the trend over the past 3 months compared to the first 6 months of this year?

Maybe new home inventory is finally catching up?

I am in Forney. We were EXTREMELY busy in the first half of the year. It slowed through the last part of the second quarter and a good portion of Q3. It seems like it is picking up a bit, just by number of sales. With the number of spec homes we are about to start, I look for a big Q1 and Q2 again next year. Combine that with the number of new neighborhoods we are going into and the lull we are seeing right now is most likely that seasonal, people don't do a lot of homebuying through Q4 and into Q1.

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[Tremor14]

you've never seen roll races done at a track? why mention they are roll racers if the dig was a given? spend more time at the track instead of disney land, lots of things have changed. your stock block with a t-trim and 15 pounds would likely shit itself pulling on the trailer. care to prove me wrong?

[Broncojohnny]

Hey guys, are they going to do roll racing out at Cedar Creek?

http://www.dfwmustangs.net/forums/showthread.php?t=63000

Can someone help Shanaynus tie his shoes? Or wipe his own ass for once?

[Tremor14]

Well, you are a real estate expert who has made a million dollars in the business. oh no, wait, you install urinals for a living. My bad.

quoted.

this motherfuckers a millionaire ya'll.

SVO855, whatchu got for me dog?

[Broncojohnny]

but i'll wait for BJ (alan) to tell me i dont know shit, and to make sure to be a sweetie and wipe the seatie, if i sprinkle when i tinkle.

Well, you are a real estate expert who has made a million dollars in the business. oh no, wait, you install urinals for a living. My bad.

[Tremor14]

but i'll wait for BJ (alan) to tell me i dont know shit, and to make sure to be a sweetie and wipe the seatie, if i sprinkle when i tinkle.

[Tremor14]

State Farm, Toyota, Liberty Mutual, Fed Ex, among others all moving to Frisco/Plano. North Dallas may be slow for the next 12 to 18 months, then it will boom.

In fact a realtor friend of mine told me of a Toyota Exec, who came to her development in Frisco, looking to lease 8-12 homes for corporate housing to the tune of $5k-$7k, per month. I'd say if you are looking to sell, wait a few years and double the earnings.

[Chas_svo]

Not slow or slowing here.

[BradM]

Many selling the same day of listing in Grayson County. A lot with offers above asking price still.