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not in houston, pick of the litter. Prices still low. but they going up slowly.
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.
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.
Supply is low for NEW homes.
Supply is PLENTIFUL for foreclosures, but banks are trying everything to keep them from flooding the market.
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.
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.
@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.
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.