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Old 03-31-2013, 09:00 PM
 
11,671 posts, read 21,231,508 times
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Quote:
Originally Posted by Rice&Curry View Post
DFW home prices are back to their fall 2003 levels, but still down 15-30% from their July 2006 peak. If you have no urgency than hang on for a while, you got good advice. Houses are flying off the shelves and sometimes even before hitting the shelf but you use your 2006 value then your listing can go stale.
Again, not true. This article is from Jan 2013 and prices have gone up a point or two since then. -> "Nationwide home prices are still down by about 30 percent in the Case-Shiller index compared with 2006 values. In the Dallas-area, prices are about 4 percent below where they were at the peak of the market before the recession."

Dallas-area home prices up 5.7 percent in Case-Shiller report | Biz Beat Blog

Our DFW area prices only went down 15-30% from the peak, so you're saying home prices haven't rebounded at all.....
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Old 04-01-2013, 07:58 AM
 
89 posts, read 111,798 times
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They have but back to highest peak only for below 250k homes or HPISD type where not much comes on market so 1 million property there is basically what 250k property in middle class areas. YMMV.
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Old 04-01-2013, 08:08 AM
 
Location: plano
5,952 posts, read 7,490,732 times
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I bought in West Plano in late 2010. The inventory of homes for sale is down significantly from then but is climbing some as we approach spring selling season. I 2010 there were a couple of foreclosures offered in my chosen neighborhood but none now as best I can tell. Prices are creeping up in our area which has homes from $700k to $2.5M. I dont find zillow data very reliable as the neighbors home on zillow is showning a value $100k above mine, the only different in homes is hers is in a different section of the neighborhood than mine but there is no line or change at the section change. I do believe zillow can be some what accurate in showing trends in home price but not absolute value. Occasionally they can miss the trend due to some unknown factor in their model.

Inventories are down and prices trending up in this area.... zillow shows both trends but doesnt get the home price correct unless its on the market when they use asking price which can different from the zillow value by a lot.
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Old 04-01-2013, 08:45 AM
 
Location: North Texas
23,599 posts, read 31,135,299 times
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Quote:
Originally Posted by Rice&Curry View Post
They have but back to highest peak only for below 250k homes or HPISD type where not much comes on market so 1 million property there is basically what 250k property in middle class areas. YMMV.
Where's your evidence for this?
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Old 04-01-2013, 09:57 AM
 
11,671 posts, read 21,231,508 times
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Quote:
Originally Posted by Rice&Curry View Post
They have but back to highest peak only for below 250k homes or HPISD type where not much comes on market so 1 million property there is basically what 250k property in middle class areas. YMMV.
Um, Case-Schiller tracks the entire DFW market, not just pockets like HPISD or RISD or Coppell where prices are above all-time highs or pockets where the price recovery is lagging further behind. The DFW market area is within 5% of the all-time high prices back in 2006.
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Old 04-01-2013, 10:47 AM
 
89 posts, read 111,798 times
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I got the correct picture, so yes not above 2006 but getting there and hopefully will keep increasing as long as interest rates stay reasonable. It is best time to sell but a little patience may pay off better.

http://www.housingviews.com/wp-conte...Did-1-2013.jpg

Case-Shiller report: Dallas-area home prices rise in January for 11th straight month from a year earlier (Updated 9:15 a.m. with chart) | Biz Beat Blog


Quote:
Originally Posted by BigDGeek View Post
Where's your evidence for this?
My attorney will be here shortly, Milord!

Last edited by Rice&Curry; 04-01-2013 at 10:56 AM..
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Old 04-01-2013, 11:02 AM
 
157 posts, read 365,802 times
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For the experts on this thread, where do you see prices going say in 2014, 2015. It seems out west, Keller/Roanoke areas, a lot of building is going on. Will this affect the supply/demand balance so much that prices will stabilize at some point ?

Or do you think prices will behave like the 2000's real estate price bull market which crashed in approx 2008-2009, in that they go to "crazy high" prices again

yes crystal ball question - but wanted to stimulate the discussion

- Likely DFW Homebuyer circa 2015
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Old 04-01-2013, 11:04 AM
 
Location: North Texas
23,599 posts, read 31,135,299 times
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Quote:
Originally Posted by Rice&Curry View Post

My attorney will be here shortly, Milord!



If you're presenting opinion as fact, expect to be challenged on it.
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Old 04-01-2013, 09:38 PM
 
284 posts, read 381,065 times
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I can tell you from a buyers perspective that the Plano real estate market is crazy at the moment. Houses worth their salt are flying off the market as quickly as they are coming in. The ones that have issues or are very overpriced are still languishing, but it was the same in 2005-2006 as I recall. Yes, folks, the market is strengthening. No doubt.
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Old 04-02-2013, 05:31 AM
 
Location: North Texas
23,599 posts, read 31,135,299 times
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Quote:
Originally Posted by europeanone View Post
I can tell you from a buyers perspective that the Plano real estate market is crazy at the moment. Houses worth their salt are flying off the market as quickly as they are coming in. The ones that have issues or are very overpriced are still languishing, but it was the same in 2005-2006 as I recall. Yes, folks, the market is strengthening. No doubt.
Yup, no doubt. Homes in this area are past their pre-crash peaks with room to spare. We barely dipped in this area anyway; the low point was 2009, and luckily that's when I bought.

People trying to buy in this neighborhood are pretty much SOL.
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