What do you think about current housing market (Houston, Dallas: sales, real estate)

[newtothisplace]

Would like to tap the wealthy resource of this forum on my nagging question.
What do you think of the current housing market, given that housing inventory on October is slightly better that previous few months and major banks have deferred the foreclosure process.

Is this sign of recovery for housing market? I am not asking whether housing market is going to go up, but just wondering whether it has stopped going down and taken it's first step towards positive direction.

Any data to prove that this is happening in DFW metroplex will be a great encouragement.

[loves2read]

Home sales fall in D-FW, across Texas | Business | Dallas Business, Texas Business, Fort...

Commercial foreclosure postings at highest level in 22 years | Business | Dallas Busines... (http://www.star-telegram.com/2010/11/01/2595220/commercial-foreclosure-postings.html - broken link)

you can't look at the DFW metroplex and measure all areas equally--there are some areas where sales are stronger and prices holding up--even increasing--and some where foreclosures are probably driving down the prices of homes in the area and taking longer to sell...
some of those sales are probably going for rental property by the purchaser--which will in turn make that neighborhood probably less desireable in the future...and thus hurt future sales/prices...

if you want to know if it is the right time to buy--it all depends on you--
finding the right house is always a challenge--
if you are hoping to find the right house at the bottom/lowest price point too--then you may never be satisfied...
if you are going to be in this home for 5-10 yrs, have a stable job, and the school district is one of the better ones--
look at the neighborhood and make some rational choices about its viability--is it going up or down hill, does it look like the commercial/retail in the area is viable--are properties maintained--are there lots fo sale/lease--
is the city doing its job for maintenance--because the city (any city) is going to be struggling with tax revenue for the next two years probably since valuations are down

no one can say with any authority that this is the top or bottom of the market--
no matter what the statistics show or what their research proves--
it is a crap shoot--and you take a gamble because the US is in flux right now--lots of uncertainty and lots of reason for that uncertainty

[Mister Nifty]

Originally Posted by newtothisplace

Would like to tap the wealthy resource of this forum on my nagging question.
What do you think of the current housing market, given that housing inventory on October is slightly better that previous few months and major banks have deferred the foreclosure process.

Is this sign of recovery for housing market? I am not asking whether housing market is going to go up, but just wondering whether it has stopped going down and taken it's first step towards positive direction.

Any data to prove that this is happening in DFW metroplex will be a great encouragement.

I myself would like to see the housing market go even lower. When the loyalist powers that be give us a choice between either choosing to accept their counterfeit or else, with the latter meaning that we should hit the highway, we need a way out. When people decide to choose the "else" way, which typically means learning to survive under a bridge, they need to be left alone so they can work out their problems.
In other words, the housing market is being kept artificially high because of how people get persecuted when choosing the alternative path of living on the street. As true American patriots, we have to be willing to live in the shambles just as our Founders knew that a victorious United States would have to live in such a fashion after our new nation became cut off from the economy of Great Britain.
Certainly, if a young man is willing to give his life for our nation, then I am willing to give up my home for our nation. In doing so, this would push the housing market even lower. Regardless, if the Federal counterfeit isn't stopped, the housing market will continue to fall. The only way to stop the counterfeit is for people to be willing to live under the bridges. If that means having to suffer harrassment from the police and other such authorities, so be it.

[VegasMan_72]

Originally Posted by Mister Nifty

I myself would like to see the housing market go even lower. When the loyalist powers that be give us a choice between either choosing to accept their counterfeit or else, with the latter meaning that we should hit the highway, we need a way out. When people decide to choose the "else" way, which typically means learning to survive under a bridge, they need to be left alone so they can work out their problems.
In other words, the housing market is being kept artificially high because of how people get persecuted when choosing the alternative path of living on the street. As true American patriots, we have to be willing to live in the shambles just as our Founders knew that a victorious United States would have to live in such a fashion after our new nation became cut off from the economy of Great Britain.
Certainly, if a young man is willing to give his life for our nation, then I am willing to give up my home for our nation. In doing so, this would push the housing market even lower. Regardless, if the Federal counterfeit isn't stopped, the housing market will continue to fall. The only way to stop the counterfeit is for people to be willing to live under the bridges. If that means having to suffer harrassment from the police and other such authorities, so be it.

You are such a tool. Go back to your hole.

[Mister Nifty]

Originally Posted by VegasMan_72

You are such a tool. Go back to your hole.

Well, regardless, that is my honest opinion as an American patriot. I have taken some effort to think this out and I do feel the housing market needs to collapse utterly as it is based on a counterfeit economy set up by the Federal government. In order for the people of the United States to create a new, real economy, they will need to, once again, learn how to live on the streets and under the bridges.
In other words, the devil ain't going to get this cookie. For no amount of money am I going to strip.

[txgolfer130]

Texas is just now only really feeling the last contractions in the housing market. Is it the bottom? Who knows. As mentioned above, different markets will contract/expand differently, especially within different localities. The pure profit margins on real estate inventory though is not much better than 2 years ago, but are still significant. The time on hand/throughput though is what is killing most.

[newtothisplace]

Originally Posted by loves2read

if you want to know if it is the right time to buy--it all depends on you--

amazing, right to the point.

Yes, I was thinking about it, also will it be possible for me check how much mortgage I will be able to obtain with 10 or 20% down, without losing points from my current credit score?

[dalparadise]

What Mr. Nifty is describing is an overpassopolis. As DFW has three overpasses to every two in Houston, the formation of an overpassopolis is inevitable and will once again distinguish the region as leading in this economic trend. Furthermore, submerging the Woodall Rodgers freeway will create a megaoverpassopolis, far surpassing any other such development in the known universe. It will become the defacto measure of a person's patriotism to live under this mega bridge -- the ultimate irony in an Uptown address.

[loves2read]

Is Mister Nifty's name an oxymoron?

[Mister Nifty]

Originally Posted by dalparadise

What Mr. Nifty is describing is an overpassopolis. As DFW has three overpasses to every two in Houston, the formation of an overpassopolis is inevitable and will once again distinguish the region as leading in this economic trend. Furthermore, submerging the Woodall Rodgers freeway will create a megaoverpassopolis, far surpassing any other such development in the known universe. It will become the defacto measure of a person's patriotism to live under this mega bridge -- the ultimate irony in an Uptown address.

Wow, you demonstrate that you read my posts. Amazing. And I was happy with the thought of just writing to a figment of my imagination.
Housing market? It has always been normal in Texas for the Metropolitan areas of Houston and Dallas to build 30,000 homes a year and another 10 to 15 thousand apartments. But, you see, this amount should not be considered booming. That is just a healthy economy. What has happened recently is we, the state of Texas, have been forced into drinking the social Koolaid. It isn't enough that these fatherless children would destroy their own economies, but they have to destroy ours as well. As a result, we have been poisoned by the same absurd socialism that once destroyed the northeast and midwest and is now in the process of destroying California.
Anyway, thanks for the good laugh.
In regards to the housing market? Well, like automobiles, there is always too many houses. In the past, new technologies and styles pushed the housing market out of the recessions as, in order to keep up with the Joneses, lots of people tend to go after the new fashion.