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Unread 06-08-2007, 09:59 PM
 
38 posts, read 99,328 times
Reputation: 30
Default home price increases????

My husband and I are moving to Houston this summer after a visit in April. We saw plans for a new house being built in the Rice Military area. Well, it is finished and has gone up in price by $49,000 in that short period of time.

We currently live outside of New York City and home prices have declined. Can anyone shed some light on the market within the loop?

Thamks.
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Unread 06-08-2007, 10:19 PM
 
1,159 posts, read 3,584,397 times
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Houston is one of the few hot housing markets in the country right now. People are swooping in from around the country and buying up stuff 'relatively' cheap. The effect, is pushing up prices in highly competitive areas. That...and the price of oil being so high.
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Unread 06-09-2007, 12:25 AM
 
38 posts, read 99,328 times
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How long do you think the market will remain "hot"? We are thinking about renting for about 9 months so we can really look around and decide on an area that suits us. I am just worried if we wait a long time the prices will continue to jump.
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Unread 06-09-2007, 07:16 AM
 
Location: Houston, TX
832 posts, read 2,223,160 times
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Prices in general are increasing about 7-10% in most areas.
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Unread 06-14-2007, 12:24 PM
 
160 posts, read 338,109 times
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in my area, the house price is increased by 10%, both new and old house....might be our location is good....and low tax
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