U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Texas > Dallas
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 03-11-2009, 12:54 PM
 
173 posts, read 628,081 times
Reputation: 55

Advertisements

Is housing price going down in Plano/Frisco area? Otherwise, I rent first. What you think. Thank you.
Rate this post positively Reply With Quote Quick reply to this message

 
Old 03-11-2009, 02:32 PM
 
Location: Plano, TX
970 posts, read 2,268,247 times
Reputation: 1076
If you don't know the area it's better to rent first to get to know the area better.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 03-11-2009, 02:59 PM
 
173 posts, read 628,081 times
Reputation: 55
Thank you for reply. I am just making sure housing price not dropping in Plano/Frisco area. Any suggestions? Thank you.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 03-11-2009, 03:20 PM
 
Location: Aurora, CO
8,149 posts, read 13,212,608 times
Reputation: 13953
Most of the DFW area has had a very slight decline in prices, but it's been nowhere near as bad as some areas in the nation. The Dallas Morning News tracks home sales every quarter. While the number of sales in Frisco and Plano are down appreciably, house prices have held steady.

Dallas Area Home Sales
Rate this post positively Reply With Quote Quick reply to this message
 
Old 03-11-2009, 11:14 PM
 
173 posts, read 628,081 times
Reputation: 55
With economy deteriotates, it is hard to stay housing price in Plano may drop some more in the future.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 03-12-2009, 07:38 AM
 
Location: Aurora, CO
8,149 posts, read 13,212,608 times
Reputation: 13953
Quote:
Originally Posted by NiceJohn View Post
With economy deteriotates, it is hard to stay housing price in Plano may drop some more in the future.
It may but the chance of an appreciable decline in house prices in DFW (or almost anywhere in TX) is fairly small because the houses here are pretty seriously undervalued compared to the rest of the country. Texas experienced a housing collapse of its own in the late 80s when the energy sector went belly-up. Doesn't mean it won't happen, it's just not as likely.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 03-12-2009, 10:37 AM
 
Location: North Texas
2,482 posts, read 6,227,253 times
Reputation: 1714
Honestly, rent first for at least 6 months, get to know the are then purchase
Rate this post positively Reply With Quote Quick reply to this message
 
Old 03-14-2009, 12:49 AM
 
173 posts, read 628,081 times
Reputation: 55
Quote:
Originally Posted by Proud Rowlett Owner View Post
Honestly, rent first for at least 6 months, get to know the are then purchase
Good suggestion. I will move to DFW in the summer, I will like to buy a house before December, so I can qualify for the $8000 tax credit. If house price drop 3% in DFW area, $8000 may not offset the my loss. This is what I am worried about.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 09-23-2009, 06:22 PM
 
3 posts, read 21,689 times
Reputation: 10
hi just wondering if you have made your move. i am also thinking of moving into the frisco area and zoning in on pearson farms. i will most likely build a house so it would take at least 6-8 months before i can actually move into it. let me know how it went and how your house hunting is coming along.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 09-24-2009, 09:11 AM
 
1,627 posts, read 6,262,693 times
Reputation: 1262
Quote:
Originally Posted by NiceJohn View Post
Good suggestion. I will move to DFW in the summer, I will like to buy a house before December, so I can qualify for the $8000 tax credit. If house price drop 3% in DFW area, $8000 may not offset the my loss. This is what I am worried about.
I've moved a ton and always bought. Here's one thing which is certain: you cannot time the market perfectly. No one has a crystal ball.
Rate this post positively Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Settings
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Texas > Dallas
View detailed profiles of:

All times are GMT -6.

© 2005-2022, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top