Reply
Established Contributor
jadeite788
Posts: 510
Registered: ‎09-25-2009
0

Re: Prices going up fast

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


Starting Score: 565
Current Experian Score: 634 (Lender pull)
Current Equifax Score: previous 668, 680 as of 11/12/13 lender pull
Current Transunion Score: previous 675,677 as of 09/23/13
Goal Score: 750

Take the FICO Fitness Challenge



Valued Contributor
tooleman694
Posts: 2,297
Registered: ‎08-25-2011
0

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.

Regular Contributor
getmycreditright
Posts: 199
Registered: ‎05-23-2007
0

Re: Prices going up fast

[ Edited ]

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.

-------------------------------------------------------------------------------------------------
Starting Score - 575 (4/10)
Current Score - EQ - 750, TU - 752, EX - 728 11/4/12

Current Cards:
AMEX SPG ($7.5k), Amazon.com Visa ($3k), Discover More ($2k) all since 11/4/12

Fighting the good fight!
Valued Contributor
Repo-ed
Posts: 2,954
Registered: ‎02-09-2012
0

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.

Valued Contributor
MovingForward_2012
Posts: 3,406
Registered: ‎12-19-2012
0

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!
Cards: Orchard Bank ($1100) | Cap1 Cash Rewards ($2500) | Chase Freedom ($1000) | Best Buy ($2500) | Discover It ($1000) | Barclay Rewards ($2500) | Current scores: EX FAKO: 684, CK TU: 649, FICO EQ: 680, FICO TU: 698, FICO EX: 658 Happy Homeowner Since 2/6/13! :smileyhappy: Last App: 4/5/13 Gardening until July 2014
Contributor
OilFieldEngineer
Posts: 100
Registered: ‎07-17-2012
0

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.

Current Scores 715 EQ (FICO 02/14) 720 EX (Lender Pull FICO) 742 TU (FICO 01/14)

AMEX Platinum - NPSL, AMEX Gold - NPSL, AMEX HH - 2.5k, BofA Travel Rewards - 5K, BofA 123 Cash Rewards - 5K, BofA Amex - 7.5K, Barclay Apple - 4K, Chase United Club - 9.6K, Discover More - 7.5K, Citi Diamond - 2.6K, Nationwide Bank - 7.5K, GEMB Dillard's - 4.5K, GEMB JCP - 5K, Capital One Venture - 3K, Wells Faro - 6K, Home Depot 1K, Lowe's 4.5K, GEMB Macy's 2.5K
Contributor
Mama-j
Posts: 84
Registered: ‎12-07-2012
0

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.


Starting Score: 2/22/12: EQ 530, TU 553, EX 528(lender). 12/4/12 (rebuilding starts)= EQ 599.
Current Score: 7/2/2013: EQ 712, TU FICO 702, EX 716(CU pulled).
Goal Score: 750 all across.

Take the FICO Fitness Challenge

Established Contributor
jadeite788
Posts: 510
Registered: ‎09-25-2009
0

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.


 

Starting Score: 565
Current Experian Score: 634 (Lender pull)
Current Equifax Score: previous 668, 680 as of 11/12/13 lender pull
Current Transunion Score: previous 675,677 as of 09/23/13
Goal Score: 750

Take the FICO Fitness Challenge



Regular Contributor
cclee
Posts: 223
Registered: ‎08-10-2012
0

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.  




In The Garden Until 11/01/15 - Last App 11/03/13
Valued Contributor
JM-AM
Posts: 3,302
Registered: ‎06-09-2010
0

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.
Good Luck
May all your dreams and wishes become a reality!

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}