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Prices going up fast

Established Contributor

Re: Prices going up fast

not in houston, pick of the litter.   Prices still low. but they going up slowly.


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Message 11 of 25
Valued Contributor

Re: Prices going up fast

My builder is in the Houston. I see they have one of models they build in my hood over in the woodlands and its over 50k more there.

Message 12 of 25
Regular Contributor

Re: Prices going up fast

My Wife and I are moving to Roanoke,TX (5 minutes past Southlake) and after we signed our purchase contract on December 8th, we've seen new home prices rise $12k. It's pretty crazy how much the prices are going up. Im glad we're locked in on a good price. To Blake's point though, there really isn't a lot of homes on the market out here.

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Message 13 of 25
Valued Contributor

Re: Prices going up fast

Supply is low for NEW homes.

 

Supply is PLENTIFUL for foreclosures, but banks are trying everything to keep them from flooding the market.

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Message 14 of 25
Valued Contributor

Re: Prices going up fast

+1, if you have the time and patience, there are so many beautiful foreclosures and especially short sales in my area to choose from. But I don't have the time to wait. There also weren't any existing homes for sale that we liked. There was a ranch home we liked that had a gigantic great room downstairs in the finished walkout basement but storage space was limited and we need a storage area. We ended up going with a new construction that we got because several other couples were extremely interested in the property but didn't put an offer in yet. After our offer was in, those interested parties began to call back to put an offer in but we nabbed it so it was too late. The builder told us, if we waited a little longer, it would have been too late. We put our offer in on January 2nd, right after the holidays when people begin or resume their search, so we were the first in line. There were 6 quick move in homes available at the beginning of Jan...now there is only one!
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Message 15 of 25
Contributor

Re: Prices going up fast

In The Woodlands north of Houston prices are climbing with Exxon Mobil moving their headquarters there and a huge office opening 2014. I contracted on Jan 7th and there were 4 lots left in the section I was looking at and 1 other inventory home all are sold now. Got a great deal on the inventory home I selected since they wanted to sell out the section and move to the next. Just have to get through the final approval at UW.

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Message 16 of 25
Contributor

Re: Prices going up fast

I hope it's not increasing too much in my area. I can't apply till March because my lease does not end till July. Crossing my fingers I can still get a decent house come March.


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Message 17 of 25
Highlighted
Established Contributor

Re: Prices going up fast


Repo-ed wrote:

Supply is low for NEW homes.

 

Supply is PLENTIFUL for foreclosures, but banks are trying everything to keep them from flooding the market.


I've noticed on foreclosures and HUD homes.  It's ridiculous out here in Houston.  Saw a bangin 3100 sq ft house for $59.9K 4 bed/3 bath.  beautiful master bathroom and beautiful kitchen.  As soon as it was put up it was bought the next day.  Been watching like crazy each day.    Me I don't want no cookie cutter.  You be surprised what you find.


 

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Message 18 of 25
Regular Contributor

Re: Prices going up fast

I live in Peoria, Az.  I've been watching the area where I live for years (am I the only one with this weird habit?), prices have gone up quite a bit and new builders are going up faster than i've seen in a long time, it is a desirable area though.  There were not as many foreclosures or short sales as there were before, a lot more owner resales this past year.  




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Message 19 of 25
Valued Contributor

Re: Prices going up fast

Still foreclosures but banks dont want to flood the market.

I agree many builders are taking advantage and building. Many folks prefer brand new compared to buying some one else's home especially since the prices are comparable.
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Message 20 of 25