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Old 01-27-2014, 01:57 PM
 
222 posts, read 452,520 times
Reputation: 99

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What do you guys think about any of this?

The Golden Truth: The Housing Market Is About To Crash

HARRY DENT: The Stock Market Will Crash As America Heads Off The 'Demographic Cliff' - Houston Chronicle

 
Old 01-27-2014, 02:01 PM
 
7,557 posts, read 11,630,899 times
Reputation: 4126
Not here in Houston has not crashed in the last 10 yrs even when most of the country housing market crashed
 
Old 01-27-2014, 02:08 PM
 
222 posts, read 452,520 times
Reputation: 99
would 2008-2009 be considered a slump for Houston real estate?
 
Old 01-27-2014, 02:18 PM
 
1,045 posts, read 2,162,192 times
Reputation: 909
Bunch of BS.
Quote:
For those of you looking to sell your home thinking it is worth what a broker might have quoted you three months ago, forget about it. Prices of new and existing homes are falling - not year over year as reported - but sequentially month to month, starting in the early summer
The exact opposite is happening right now. At least inside the loop.
 
Old 01-27-2014, 02:23 PM
 
Location: The Greater Houston Metro Area
9,053 posts, read 17,260,431 times
Reputation: 15226
I think that what goes on in the rest of the nation's housing has little bearing on us. News is reported as to what is happening nationally - they never talk about the pockets that are different.

The "slump" we felt in 2008-2009 was really fear manufactured out of nation-news being reported on a continual basis. They never said "except Dallas, Austin and Houston". We didn't have the lay-offs in the numbers other parts of the US did. People were afraid to buy here during that time because they kept hearing that the housing market would continue to drop (which it did nationally). Finally, people here thought "oh, never mind" and bought - and life went on as it did before, until we started having shortages. Even the shortage was due to builder fear in Texas, not Texan reality.
 
Old 01-27-2014, 02:27 PM
 
Location: San Antonio, TX
1,297 posts, read 3,113,028 times
Reputation: 1173
Quote:
Originally Posted by Mr. Krinkle View Post
Bunch of BS.

The exact opposite is happening right now. At least inside the loop.

hope so, so i can sell my place and take in a small profit.

imo, i think this year will still be high and in 2015 houses (esp in the loop) will begin to level off or even dip a little. it can only keep rising so much.
 
Old 01-27-2014, 02:29 PM
 
222 posts, read 452,520 times
Reputation: 99
In 2009 I was laid off myself and had to short sell my own house in katy. I work in the Oil/Gas engineering field.
 
Old 01-27-2014, 02:40 PM
 
Location: Beautiful Northwest Houston
6,303 posts, read 7,558,987 times
Reputation: 5072
This thread is alarmist and is mistitled. The articles you use to support your flame are not specifically about the Houston housing market, yet your title suggest the Houston housing market is vulnerable on its own, which it is not. You should have posted this in another forum, and left Houston out of it specifically.
 
Old 01-27-2014, 02:43 PM
 
222 posts, read 452,520 times
Reputation: 99
This is no flame sir. Im curious if people think this housing boom Houston is seeing will see a slump/downturn.
 
Old 01-27-2014, 02:52 PM
 
222 posts, read 452,520 times
Reputation: 99
According to this data Houston is overvalued:

Bubble Watch: Home Prices Simmering, Not Bubbling | Trulia Trends

but then data like this shows Houston housing doesnt really follow any trends of the rest of the country: http://online.wsj.com/news/articles/...17182650412434
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