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Old 08-04-2019, 12:36 PM
 
Location: Dallas
989 posts, read 2,443,060 times
Reputation: 861

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Interesting list - note that DFW was not on it.

https://www.gobankingrates.com/inves...ousing-crisis/
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Old 08-08-2019, 12:07 PM
 
349 posts, read 379,459 times
Reputation: 518
https://www.dallasnews.com/business/...rd-july-7-2018


Actual data must be so painful for the doomsdayers.
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Old 08-08-2019, 12:20 PM
 
3,478 posts, read 6,561,991 times
Reputation: 3239
Another anecdotal note...house down the street (Coppell) just sold on the first weekend for asking price--2 offers. And it was about $35K more than I would have guessed.
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Old 08-08-2019, 03:07 PM
 
104 posts, read 90,657 times
Reputation: 159
Quote:
Originally Posted by djslakor View Post
https://www.dallasnews.com/business/...rd-july-7-2018


Actual data must be so painful for the doomsdayers.
Confirmation bias is alive & well, data can show both sides right now. One thing is clear, the housing market in DFW is not frothy like it was years back, and not every house will sell quickly anymore. People now have a choice to buy a high quality home, and that is what they are likely to do. We chose between quite literally 40 homes and took our sweet time to find the perfect home for us. We even got a decent discount.

Given the federal reserve rate cut and the mortgage rate going way down this year, it's likely things will continue to stay about moderate. There is nothing to suggest that there is an impending housing collapse...
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Old 08-08-2019, 04:17 PM
 
207 posts, read 207,091 times
Reputation: 126
Quote:
Originally Posted by cityfolk89 View Post
Confirmation bias is alive & well, data can show both sides right now. One thing is clear, the housing market in DFW is not frothy like it was years back, and not every house will sell quickly anymore. People now have a choice to buy a high quality home, and that is what they are likely to do. We chose between quite literally 40 homes and took our sweet time to find the perfect home for us. We even got a decent discount.

Given the federal reserve rate cut and the mortgage rate going way down this year, it's likely things will continue to stay about moderate. There is nothing to suggest that there is an impending housing collapse...
Very well put..

No more bid wars.. more discounts.. its more of buyer's market now.. and people going to spend less money on mortgage.. you dont have to read news papers for it.. just drive to near by communities then you will go..

With that being said, there is no sign of real estate collapse anytime soon unless there is a global economical downturn across the world...
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Old 08-08-2019, 07:57 PM
 
19,804 posts, read 18,110,313 times
Reputation: 17292
Oops sales up 7% in July yoy.

From the piece......"Anyone on the fence about buying should jump in rather than wait — rates will be low and prices will not go down anytime soon."



https://www.dallasnews.com/business/...d-july-7-2018#
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Old 08-09-2019, 07:24 AM
 
54 posts, read 46,006 times
Reputation: 76
Quote:
Originally Posted by EDS_ View Post
Oops sales up 7% in July yoy.

From the piece......"Anyone on the fence about buying should jump in rather than wait — rates will be low and prices will not go down anytime soon."



https://www.dallasnews.com/business/...d-july-7-2018#
Are there actually people out there on the fence? I feel like most people who have the means are already buying.
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Old 08-09-2019, 02:17 PM
 
13,811 posts, read 27,462,794 times
Reputation: 14250
Quote:
Originally Posted by TDub1986 View Post
Are there actually people out there on the fence? I feel like most people who have the means are already buying.
We have been looking casually since 2017. Our biggest issue is lack of quality choices rather than price. I'm not buying a crappy house or location just to buy a house. That being said this week one did come up that we like > 0.5 acre treed lot but needs a lot of work. I'll let it sit (if no one buys it) then start talking. You can't make a deal if it all only been on the market two weeks .

I kinda wish the economy would stumble *just a bit* to flush out some more sellers though.

I tried to get my wife to move on one in late 2017, it's up $50k since. It wasn't perfect but the location was really good. Still pissed at that one!
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Old 08-09-2019, 03:18 PM
 
54 posts, read 46,006 times
Reputation: 76
Quote:
Originally Posted by wheelsup View Post
We have been looking casually since 2017. Our biggest issue is lack of quality choices rather than price. I'm not buying a crappy house or location just to buy a house. That being said this week one did come up that we like > 0.5 acre treed lot but needs a lot of work. I'll let it sit (if no one buys it) then start talking. You can't make a deal if it all only been on the market two weeks .

I kinda wish the economy would stumble *just a bit* to flush out some more sellers though.

I tried to get my wife to move on one in late 2017, it's up $50k since. It wasn't perfect but the location was really good. Still pissed at that one!
Totally understand on the quality of choices but yea, the $50k in equity would have been nice!
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Old 08-09-2019, 06:49 PM
 
Location: Dallas
989 posts, read 2,443,060 times
Reputation: 861
Quote:
Originally Posted by MinesotaUser1 View Post
.. and people going to spend less money on mortgage.. .
Not really...prices are still up YOY.
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