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Old 03-11-2009, 12:54 PM
 
173 posts, read 647,181 times
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Is housing price going down in Plano/Frisco area? Otherwise, I rent first. What you think. Thank you.
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Old 03-11-2009, 02:32 PM
 
Location: Plano, TX
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If you don't know the area it's better to rent first to get to know the area better.
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Old 03-11-2009, 02:59 PM
 
173 posts, read 647,181 times
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Thank you for reply. I am just making sure housing price not dropping in Plano/Frisco area. Any suggestions? Thank you.
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Old 03-11-2009, 03:20 PM
 
Location: Aurora, CO
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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
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Old 03-11-2009, 11:14 PM
 
173 posts, read 647,181 times
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With economy deteriotates, it is hard to stay housing price in Plano may drop some more in the future.
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Old 03-12-2009, 07:38 AM
 
Location: Aurora, CO
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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.
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Old 03-12-2009, 10:37 AM
 
Location: North Texas
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Honestly, rent first for at least 6 months, get to know the are then purchase
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Old 03-14-2009, 12:49 AM
 
173 posts, read 647,181 times
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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.
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Old 09-23-2009, 06:22 PM
 
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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.
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Old 09-24-2009, 09:11 AM
 
1,627 posts, read 6,421,116 times
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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.
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