Softening in RE market?? (Dallas, Plano: builders, locations, county)

[TDub1986]

Originally Posted by hbdwihdh378y9

You didn't provide any data, and Hurst and Keller aren't "neighborhoods".

The data is straight from the article that has been posted multiple times in the past couple pages. Click the link and read for yourself.

[loves2read]

Originally Posted by hbdwihdh378y9

You didn't provide any data, and Hurst and Keller aren't "neighborhoods".

No and they definitely aren’t “Dallas suburbs” although there are people living in both who work in Dallas and drive t/f daily

Partly this has to do with the houses that are for sale
In areas like Hurst and Keller you don’t have the influx/outflux of homeowners that you have in area like Dallas proper or areas like Richardson or Plano—

I live in north Hurst and there is not any new construction of homes and not lot of homes go on the market
In my neighborhood this year there have probably been 5 out of 200 homes on the market

[hbdwihdh378y9]

Originally Posted by TDub1986

The data is straight from the article that has been posted multiple times in the past couple pages. Click the link and read for yourself.

I did. No data.

[crazyforger]

Majority of Millennials don't prefer to do yard work or home maintenance.

https://www.mymove.com/buying-sellin...renting-works/


If we buy a big house, we will have to sell it to PUBG generation

[TashaPosh]

Originally Posted by AFJag

I’d like to see how quickly prices went up in those areas. I just did a quick search on a real estate app and what sellers are asking per square foot was shocking. Did those areas get overheated?

What was the price per square foot?

[TDub1986]

Originally Posted by hbdwihdh378y9

I did. No data.

If you want the raw data, you are more than welcome to look it up yourself. The data used in the article comes from the Real Estate Center at Texas A&M University and North Texas Real Estate Information Systems. I'm sure you knew that since you read the article.

[MinesotaUser1]

The monthly costs of buying and owning a home that you occupy are up 14 percent over the past year, more than three times the annual increase in rent rates nationally, according to realtor.com. Rents are up just 4 percent

Source - https://www.cnbc.com/2019/02/13/how-...-us-state.html

It has lots of other information.

[CalTex Ranger]

Originally Posted by MinesotaUser1

The monthly costs of buying and owning a home that you occupy are up 14 percent over the past year, more than three times the annual increase in rent rates nationally, according to realtor.com. Rents are up just 4 percent

Source - https://www.cnbc.com/2019/02/13/how-...-us-state.html

It has lots of other information.

Which seems to contradict your consistent stance the topic.

Yes. It’s getting more expensive to own - BECAUSE THE MARKET IS STILL GOING UP.

[crazyforger]

Originally Posted by MinesotaUser1

The monthly costs of buying and owning a home that you occupy are up 14 percent over the past year, more than three times the annual increase in rent rates nationally, according to realtor.com. Rents are up just 4 percent

Source - https://www.cnbc.com/2019/02/13/how-...-us-state.html

It has lots of other information.

This is over past year.
That means that the article doesn't include current trend.

It also means that Housing is over valued.

[MinesotaUser1]

Originally Posted by CalTex Ranger

Which seems to contradict your consistent stance the topic.

Yes. It’s getting more expensive to own - BECAUSE THE MARKET IS STILL GOING UP.

There is another way to look at the same. Rents are not going up as same as houses.

So, then why should i buy house. I will just rent. Its no brainer right? Because rents are cheaper compare to owning house. Plus, no commitment, easy to move etc.

If demand is there, rents should increase as well . Right? But its not.

Originally Posted by crazyforger

This is over past year.
That means that the article doesn't include current trend.

It also means that Housing is over valued.

Yep