Are home prices still falling hard? (HOA, broker, attorney)

[crone]

Originally Posted by Lost_In_Translation

I've heard that people look to SCO and SCF to get into Klein HS, but I'm still seeing the inventory increase even for very reasonable prices (mid 160's to mid 350's).

I'm not sure what rehabbers are doing. Most of the houses in the area that I track really aren't ready for rehabbing and the land prices don't really support alot of investment in existing homes (if you're not living in them).

As far as EOX (which I assume means Exxonmobil, whose stock letter are XOM), my assumptions are it won't change Spring much. The developers are still WAY overbuilding and causing all sorts of housing price depressions. Until that inventory is cleared, prices will continue to stagnate or drop.

Brain was not engaged yet, sorry should have better sense since xom is in my face all day, every day. One off the rehabbers, across the street from me was a builder for Don Hand. The other in my subdivision is a remodeler from the Galleria area. He is in way over his head. That $600 is gonna go for a lot less. He thinks because the guy next to him paid way over 4 that acre lot on the creek should be worth something. It is gonna take more than staining the subfloor and new plumbing to get that kinda of money here, now. The others, from Ca. are just buying and holding. One house has just been sitting here vacant all year. At least they keep the yard and the pool clean. The other is rented.

[RCH99]

Originally Posted by crone

Brain was not engaged yet, sorry should have better sense since xom is in my face all day, every day. One off the rehabbers, across the street from me was a builder for Don Hand. The other in my subdivision is a remodeler from the Galleria area. He is in way over his head. That $600 is gonna go for a lot less. He thinks because the guy next to him paid way over 4 that acre lot on the creek should be worth something. It is gonna take more than staining the subfloor and new plumbing to get that kinda of money here, now. The others, from Ca. are just buying and holding. One house has just been sitting here vacant all year. At least they keep the yard and the pool clean. The other is rented.

I can't tell by the way you stated the above, but....are you claiming that Don Hand's involvement is something to brag about?

[crone]

No, just saying a rehabber working my neighborhood once worked for Don Hand.
I could not write on a public forum what I think of Don Hand, his products, or his methods.

[RCH99]

Originally Posted by crone

No, just saying a rehabber working my neighborhood once worked for Don Hand.
I could not write on a public forum what I think of Don Hand, his products, or his methods.

we be on the same page then

[OH_TX]

It all depends on where your house is and when you bought. For example, I bought my town house before the peak and sold in an inside the loop neighborhood. There were two open houses over the course of two weekends, fourteen people looked at it and we got an offer for our asking price. And I actually made money back after paying the realtor fees. On the other hand my realtor explained there are seller in the Clear Lake area who have seen sharp drops in their home value with the loss of NASA jobs. Most of her sellers there have had to bring money to closing. It all depends.

[jtothemak]

Originally Posted by OH_TX

It all depends on where your house is and when you bought. For example, I bought my town house before the peak and sold in an inside the loop neighborhood. There were two open houses over the course of two weekends, fourteen people looked at it and we got an offer for our asking price. And I actually made money back after paying the realtor fees. On the other hand my realtor explained there are seller in the Clear Lake area who have seen sharp drops in their home value with the loss of NASA jobs. Most of her sellers there have had to bring money to closing. It all depends.

What about that big down payment you put down when you bought the home did you still get money back after factoring that back in and also if you did any remodels and upgrades don't forget to add that cost?

[houstonlol]

My guess is prices are falling hard but property taxes appraisals keep going up. Think about it: city gets money from taxes, hires tax man to make appraisal...conflict of interest much? It's like christmas...everyone knows it's fake but everyone wants to keep the show going. Or maybe more like the mafia...pay up or something bad might happen.

[cheryjohns]

Prices are not falling in the majority of areas - in some, it's actually shifting to a selllers' market and prices are rising. Ask anyone who has been house-hunting in the last two months.

[jtothemak]

Originally Posted by cheryjohns

Prices are not falling in the majority of areas - in some, it's actually shifting to a selllers' market and prices are rising. Ask anyone who has been house-hunting in the last two months.

I have noticed that the last couple of months in my new neighborhood out west in the burbs. The builder had my home sitting for almost 6 months last year before we bought and now houses are popping up sold left and right and Perry is not offer as many incentives and selling quickly.

[Marv101]

Zillow has been a farce since it was created, and I know of no one here in SoCal who utilizes it as a research tool, and none of our local real estate columnists EVER cite it.

Granted, the implosion of the soCal real estate market was extremely severe compared to all of the major city in Texas, primarily because Houston & other Texas metroplexes aren't encumbered by zoning laws and 'open space' and/or 'slow growth' zealots.

In other words, we have the most expensive dirt in the nation!!!!