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Old 01-28-2008, 06:45 PM
 
2,185 posts, read 6,438,254 times
Reputation: 698

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Home prices still rising.

Hot or not? Housing areas across America - Real estate - MSNBC.com
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Old 01-28-2008, 07:45 PM
 
2,238 posts, read 9,022,399 times
Reputation: 954
You must be really trying to convince yourself it's not a mistake to buy right now.
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Old 01-28-2008, 07:56 PM
 
Location: South Austin (Circle C)
260 posts, read 1,332,138 times
Reputation: 62
Quote:
Originally Posted by achtungpv View Post
You must be really trying to convince yourself it's not a mistake to buy right now.
If you can get the home that you want. Inventory is really low in most parts of Austin right now.
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Old 01-28-2008, 08:14 PM
 
389 posts, read 1,631,999 times
Reputation: 194
The info from that link confirms my lack of sympathy for the terrible "bust" occurring in places like Modesto, CA.

71.1% gain over the past 5 years and a 9% loss for 2007.

Eight steps forward - One step back = Seven steps forward (i.e. a very nice 5-year return)...
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Old 01-28-2008, 08:46 PM
 
Location: Great State of Texas
86,052 posts, read 84,570,733 times
Reputation: 27720
Quote:
Originally Posted by Biscuits View Post
The info from that link confirms my lack of sympathy for the terrible "bust" occurring in places like Modesto, CA.

71.1% gain over the past 5 years and a 9% loss for 2007.

Eight steps forward - One step back = Seven steps forward (i.e. a very nice 5-year return)...
It would be good if it were the same person in the house for all those years.
From what I have read lots of them were flippers and didn't stay there very long so each successive buyer paid more and with ARMS and interest only loans.
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Old 01-28-2008, 09:03 PM
 
389 posts, read 1,631,999 times
Reputation: 194
Quote:
Originally Posted by HappyTexan View Post
It would be good if it were the same person in the house for all those years.
From what I have read lots of them were flippers and didn't stay there very long so each successive buyer paid more and with ARMS and interest only loans.
In theory, shouldn't the "investors" have made a bundle in years one through four?
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Old 01-28-2008, 10:06 PM
 
Location: NW Austin
1,133 posts, read 4,189,262 times
Reputation: 174
Quote:
Originally Posted by Derek ATX View Post
If you can get the home that you want. Inventory is really low in most parts of Austin right now.
I've noticed that -- a few houses I was interested in are not showing up as "active" any more. Seems like the last couple of weeks things have starting moving fast.
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Old 01-28-2008, 10:13 PM
 
Location: South Austin (Circle C)
260 posts, read 1,332,138 times
Reputation: 62
That's about par for the course. This is one of our busiest times of year and inventory was low to start with. I had a client who saw three homes that he really wanted to see that he found on a Thursday and wanted to go look on Saturday. I told him to we needed at least ten that he liked. He found ten and we ranked them in order from favorite to least favorite. When we went to go look on Saturday, only 4 were still available and his top three were gone before the weekend.
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Old 01-29-2008, 09:29 AM
 
2,185 posts, read 6,438,254 times
Reputation: 698
Derek, what areas are hot right now for resale? How about North Austin near the Domain?
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Old 01-29-2008, 11:58 AM
 
Location: Austin, TX
1,280 posts, read 4,295,191 times
Reputation: 677
The most baffling thing about that list is that Beaumont is right under Austin. I grew up there and have absolutely no idea what is going on that would make that happen.

How many people are moving there? More importantly, WHY in the hell are they moving there?
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