Is Texas real estate slowing down?

[Broncojohnny]

Houses between $500 and $800k are stacking up like firewood in Plano. Not uncommon to see them on the market for over 90 days.

[01yz2nv]

Market sucks right now IMOP, we have a contract on another house on 61 acres with a contingency on selling our home. Located in Princeton, 3/2/2 1600sqft built in 05, on close to an acre and a half lot, very nice cul de sac neighborhood.Been on the market for close to 3 weeks now and we’ve had 3 showings. And we are priced we feel right on the money. Other houses on our street sold in days for over $300k just last year. We are dropping to $269k tonight.

[Ruffdaddy]

Almost 3 years later and its finally happening!!!!

https://www.dallasnews.com/business/real-estate/2018/07/20/dallas-summer-housing-market-seeing-cool-front

[kpc01]

Pretty good info on the current state:

http://www.dallasnews.com/business/d...nding-soon.ece

[War Machine]

Are you Russian now?

You rascal

[Gasser64]

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?

Just quit arguing. Just... stop. You're doing it wrong.

[BMCSean]

Are you Russian now?

[War Machine]

We bought our house for $425k 2 years ago. We were talking to our real estate agent a while back about an unrelated matter and he said that he could sell our house that day for $575k if we were interested. I said ok, what do you have around here for me to move into? Nothing, not a thing right now.

when you get ready to sell, I set you up with our agent. 1 percent sellers fee.

[hotrodcobra]

I think location is key, along with school district, type houses/businesses in immediate area, etc.

I have several hundred acres near Burleson and lease another 450 from 3 out of town property owners. I barely make a living raising cattle, but it's what I want to do and I won't consider moving until my 2 boys are out of school (5 more years). We have been approached by several large developers since we are in a prime development area and the first prices thrown around are pretty crazy. It appears to me that builders are desperate for land here.

I hate the thought of prime farm land raising concrete instead of crops and cattle, but it is nuts to ranch on this land forever. My time is limited here.

I will likely do a 1031 (or something like that) land swap eventually instead of a cash sale due to taxes. But the times, they are a changing.

One of the developers told me that he has purposely slowed down the building of new houses in the metroplex because he will be out lots in the not too distant future at the current rate of sales.

[Ruffdaddy]

We bought our house for $425k 2 years ago. We were talking to our real estate agent a while back about an unrelated matter and he said that he could sell our house that day for $575k if we were interested. I said ok, what do you have around here for me to move into? Nothing, not a thing right now.

[slow99]

Yeah, it's hard to cash out without moving to a completely different area.

We bought our house for $425k 2 years ago. We were talking to our real estate agent a while back about an unrelated matter and he said that he could sell our house that day for $575k if we were interested. I said ok, what do you have around here for me to move into? Nothing, not a thing right now.

[kpc01]

Yup, a lot of people in Denton are in this boat. Simply not enough homes in town.

My house is listed on Zillow as a 'make me move'. I did it to test the waters and the waters are pretty decent. I was getting one or two calls a week from folks wanting to take a look. I had to pull it down because of the delay in staring my new job. I paid $210K for this house and I listed it for $275K on Zillow. My realtor thinks $250K is more realistic but that's because there are so few nearby home sales to compare with.

It's slowing down a little but still pretty good if priced right. I have a buyer in Denton right now that is looking below 200k and its crazy the houses they are asking 199-200 for!

[Stng5Pnt8]

I work with a group that helps people through the whole process of selling and buying a home if anyone is interested.

Let me know if anyone is interested.

Tdominguez@alstate.com


-Tony Dominguez
817.405.2011

[Sgt Beavis]

We paid 195K for our 2300 sq ft 3 car garage house in East Allen 4 yrs ago, our neighbor sold there home in 1 week and was asking 259K, they got 290K for theirs. When we moved in we updated to high end carpet, wood floors and granite counter tops etc. Our realtor came by the other day and asked if we wanted to sell for 300K, problem is we can't find another like it for 300K.

Yup, a lot of people in Denton are in this boat. Simply not enough homes in town.

My house is listed on Zillow as a 'make me move'. I did it to test the waters and the waters are pretty decent. I was getting one or two calls a week from folks wanting to take a look. I had to pull it down because of the delay in staring my new job. I paid $210K for this house and I listed it for $275K on Zillow. My realtor thinks $250K is more realistic but that's because there are so few nearby home sales to compare with.

[Quadforce]

We paid 195K for our 2300 sq ft 3 car garage house in East Allen 4 yrs ago, our neighbor sold there home in 1 week and was asking 259K, they got 290K for theirs. When we moved in we updated to high end carpet, wood floors and granite counter tops etc. Our realtor came by the other day and asked if we wanted to sell for 300K, problem is we can't find another like it for 300K.

we are in exact same situation