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Old 06-01-2016, 08:46 AM
 
Location: Beautiful Northwest Houston
6,288 posts, read 7,492,947 times
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Quote:
Originally Posted by misterno View Post
Look at homesnap.com for what price the houses actually sold for

it is free

On the other hand, realtors are telling me that there is a huge demand for houses less than 250K. So much so that there is a bidding war for these houses.

I am in Stafford, and prices are still increasing like crazy for these houses. Like there are no layoffs and oil is still $110/barrel.

I don't understand the real estate market.

The under 250k market is probably a younger market of Millennials who may not be tied to the Energy sector in the same way older buyers are who are more interested in the higher priced homes...
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Old 06-01-2016, 08:51 AM
 
951 posts, read 1,451,195 times
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Quote:
Originally Posted by Jack Lance View Post
The under 250k market is probably a younger market of Millennials who may not be tied to the Energy sector in the same way older buyers are who are more interested in the higher priced homes...
I heard the other way around that most of the laid off people are deadwood not necessarily engineers and management
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Old 06-01-2016, 09:18 AM
 
1,237 posts, read 2,017,815 times
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Quote:
Originally Posted by misterno View Post
I heard the other way around that most of the laid off people are deadwood not necessarily engineers and management
This is not true. There have been many professionals making 100k+ that have been laid off.
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Old 06-01-2016, 11:08 AM
 
Location: Upper Kirby, Houston, TX
1,347 posts, read 1,819,998 times
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Quote:
Originally Posted by Jack Lance View Post
The under 250k market is probably a younger market of Millennials who may not be tied to the Energy sector in the same way older buyers are who are more interested in the higher priced homes...
Oh, I'm certainly interested in higher priced homes, but that cheateau in Memorial or 3 story townhome in River Oaks/Montrose will have to wait until I start developing some grey probably.
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Old 06-01-2016, 02:17 PM
 
Location: Beautiful Northwest Houston
6,288 posts, read 7,492,947 times
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Quote:
Originally Posted by curbur View Post
Oh, I'm certainly interested in higher priced homes, but that cheateau in Memorial or 3 story townhome in River Oaks/Montrose will have to wait until I start developing some grey probably.
When I said "interested" What I meant was interest + ability to afford. Everybody is interested in acreage in River Oaks and Memorial, Penthouses and Yuppie McMansions.
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Old 06-01-2016, 09:50 PM
 
318 posts, read 337,594 times
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Quote:
Originally Posted by gwarnecke View Post
Don't take price reductions as indications of a softening market - as others have said, many homes were ambitiously priced to begin with, both by builders who overestimated the market and by private sellers who "need" to price their homes high to cover their transactions costs, if they only-recently bought the home and are upgrading or relocating.

Actual sold prices are a better indicator of market strength. If the same home sold for $800k last year, and a builder wants $890k this year but offers a 10% discount, then it's hard to argue that the market is actually softening.
i agree however its just weird seeing a lot of these single family remodeled homes with a yard $350-600 have been sitting on market for 100+ days with large reductions still not pending. If they don't sell this summer idk what will happen in the fall to them.

I understand all the town homes that investors over built. but its just interesting seeing all the SFHs with dropping
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Old 06-01-2016, 09:53 PM
 
318 posts, read 337,594 times
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well i just noticed the ones that are dropping the most aren't zoned to the good schools
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Old 06-01-2016, 10:02 PM
 
26,191 posts, read 21,568,036 times
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Quote:
Originally Posted by houstonview View Post
i agree however its just weird seeing a lot of these single family remodeled homes with a yard $350-600 have been sitting on market for 100+ days with large reductions still not pending. If they don't sell this summer idk what will happen in the fall to them.

I understand all the town homes that investors over built. but its just interesting seeing all the SFHs with dropping

How many remodeled sfh with a yard in the heights are 350k with big price reductions? Can you link me to a few of them?
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Old 06-01-2016, 11:22 PM
 
277 posts, read 304,664 times
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Quote:
Originally Posted by houstonview View Post
well i just noticed the ones that are dropping the most aren't zoned to the good schools
I'll buy in poor school zone! Any suggestions?
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Old 06-02-2016, 07:23 AM
 
318 posts, read 337,594 times
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Quote:
Originally Posted by Lowexpectations View Post
How many remodeled sfh with a yard in the heights are 350k with big price reductions? Can you link me to a few of them?
well not all at $350K here is a few its alot more if the budget is higher go to Har.com

1. huge yard everything updated but kitchen

dropped $50K zoned to HARVARD elementary 9/10 school

1235 Columbia St, Houston, TX 77008 - HAR.com

2. dropped 90K on market for 81 days

721 13 1/2, Houston, TX 77008 - HAR.com

3. $325 dropped $25K

1117 E 14th St, Houston, TX 77009 - HAR.com

4. $334 huge yard and garage dropped $10K

814 E 28th St, Houston, TX 77009 - HAR.com

5. $329 dropped $40k new remodeled big yard

2116 Carter St, Houston, TX 77008 - HAR.com
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