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Old 08-30-2007, 07:52 AM
 
Location: Lake Highlands (Dallas)
2,394 posts, read 8,581,635 times
Reputation: 1040

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Quote:
Originally Posted by socketz View Post
1.6% per year.

Maybe in 5 years if you sell you can afford to pay your selling costs.
Where did you get this number? This must be for still building areas, as I like to think I know my particular area (built-out already) and the increases are around 5-7% in my neck of the woods. But in a built out area, there isn't an increasing inventory of homes or competition with builders. Maybe that's the difference?

In any sense, we certainly aren't getting the 10-20% per year that California was getting prior to the *POP*. That market is long gone, but I feel some people are still cleaving to those memories.

For 99% of people that want a home... buy a home you love and want to stay in. Do smart, cost-effective upgrades when investing in the property. Don't go overboard. Don't expect to make money. If you do, WONDERFUL!

Brian
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Old 08-30-2007, 07:36 PM
 
3,035 posts, read 14,412,796 times
Reputation: 915
NAR (member)

I think it got as high as 2.2 (year over year) in July, but it hovered around 1.3-1.6 percent most of the other months.

Large surplus of existing homes (highest since 1991) across the US, fear/herding and a tighter money market are just a few things that point to downward price pressure.

Nonetheless, if your long term (>5 years), I still think Dallas is one of the best markets in the US.
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Old 08-30-2007, 07:49 PM
 
Location: Lake Highlands (Dallas)
2,394 posts, read 8,581,635 times
Reputation: 1040
Does NAR show regional info - or can you dig in?
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