Is Texas real estate slowing down?

[yellowstang]

[Big A]

West Plano so last season.

I'd love to move closer to the office (Las Colinas), but most of the schools in even the nicer hoods are sub-par. Kids ruin everything.

[4bangen]

If anyone is looking to refinance or buy hit me up, so my wife can hook you up. She's got a serious in with Quicken loans.

[The King]

Congrats...and CHOO$$$$$CHOO$$$$$$ on the cowskins.

[Broncojohnny]

Nice...what part of town?


I'm hoping to get a good deal on land while still catching the low interest rates...but its hit or miss on reasonable pricing.

West Plano near the tollway. Schools are a big reason for the location.

[Ruffdaddy]

I’m closing on April 8th on a new McMansion. Still a 3.625% interest rate. I’m shopping for cow skin rugs now.

Nice...what part of town?


I'm hoping to get a good deal on land while still catching the low interest rates...but its hit or miss on reasonable pricing.

[Broncojohnny]

I’m closing on April 8th on a new McMansion. Still a 3.625% interest rate. I’m shopping for cow skin rugs now.

[bubbaearl]

my first house was a 7k place i remodeled for the down . made 8k on it . the next step up was a 3/2/2 brick for 21k at 7.5 % . in 1976 that was a heavy load .
carter won and totally fucked the economy shortly after i bought it. i was lucky to sell it a few years later to a cash buyer. waited fort that dumb ass to be gone and things come back together before buying again .

wonder why summer is good for selling rural land ? mud !

[Nate]

I got lucky on the timing of my house purchases. Got thre $8k credit on my starter home and sold that one for 35% more than the price I paid for it. Bought this home from family and did a remodel and now have equity and a 2.875% rate.

Nothing more than luck timing with my life though.

[bubbaearl]

i'm hoping this summer will be a hot market . just cleared new boundary lines through the woods ( young mans game ) so i'm set for spring showings. not a lot for sale in this area on paved roads . i have noticed several sub division style places going in around stevenville . we have mountain lake estates but not much else . they just built a 7400 sq ft place across from me down by the river.
all i need is one Cali transplant or Yankee .

[Ruffdaddy]

i still remember when rates hit 16% . i have had rates of 8-9% over the years . selling our place this summer for 10k an acre . raw land just keeps climbing . i see some spec houses falling because there are so many of them .

From what I've seen out here...raw land seems to have slowed down the price climb massively at the end of 2018. Maybe that's just the seasonal nature of things...but I dont expect it to trend opposite home prices much as developers stop gobbling land up.

We shall see.

[krazy kris]

When I bought a house in 2012 I got a 3.25 with not shit for credit I think I had a 620. When I moved out to the sticks in 2017 I had perfect credit dang near 800 and the best I could find was 4.25. I sure hope it falls out so maybe I could refinance.

[The King]

i still remember when rates hit 16% . i have had rates of 8-9% over the years . selling our place this summer for 10k an acre . raw land just keeps climbing . i see some spec houses falling because there are so many of them .

I think they got into that 16% range when Carter was in office. A house I had in the early 1990’s was around 8%, and I refinanced it several years later to around 5%. Currently our rate (fixed) is set at 3 1/8%.

[BradM]

I did 3.5% last month.

[bubbaearl]

i still remember when rates hit 16% . i have had rates of 8-9% over the years . selling our place this summer for 10k an acre . raw land just keeps climbing . i see some spec houses falling because there are so many of them .