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How is residential real estate doing in your area?
Posted on 3/30/13 at 8:22 pm
Posted on 3/30/13 at 8:22 pm
Mine is back to peak levels. Market shot up last year and the Bay Area/SF is back to exorbitant prices. Nothing even worth looking at under a million and even that doesn't get you much.
This post was edited on 3/30/13 at 8:34 pm
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Posted on 3/30/13 at 8:39 pm to siliconvalleytiger
I sell new construction for a National builder, once the numbers are in I think this will be our biggest month ever. I have sold 16 in the first quarter by myself.
Posted on 3/30/13 at 8:47 pm to siliconvalleytiger
Doing damn good. Lots of demolishing of old houses to build new.
Lots of new construction.
Lots of new construction.
Posted on 3/30/13 at 9:01 pm to siliconvalleytiger
Single family residential homes are starting to move pretty quickly. While things are selling again, there's still nearly a 2 year supply of vacation cabins and almost 8 years worth of land/lots in Gatlinburg and surrounding areas. Sales of cabins $350,000+ are even worse.... 522 on the market over the past year and 112 have sold.
Posted on 3/30/13 at 9:02 pm to siliconvalleytiger
In Northwest Arkansas the housing market is recovering as far as people buying. The prices haven't shot up a whole lot.
Posted on 3/30/13 at 10:04 pm to siliconvalleytiger
How much do you think the new FHA regulations on PMI will affect the housing market? This was supposed to be a huge spring selling year.
This post was edited on 3/30/13 at 10:06 pm
Posted on 3/30/13 at 10:40 pm to LSUSUPERSTAR
I don't think it is going to make to much of a difference. People who aren't able to come up with 10% down are generally the type that are just happy to get a home in my experience.
Posted on 3/30/13 at 10:46 pm to Franktowntiger7
Definitely bouncing back. Never took too hard of a hit in Tuscaloosa price wise, but definitely seeing much more development now.
Posted on 3/30/13 at 11:55 pm to yellowhammer2098
Go ask your tax assessor how your real estate market is doing. He doesn't know and if he does, you are paying too much in property taxes! 
Posted on 3/31/13 at 1:39 am to fatboydave
Tons of residential work going on in SoLA. Lots of commercial RE vacancies. I think Cortana Mall-formerly "the" mall in BR-just sold to a local group.
They paid $6 million. Pathetic...
They paid $6 million. Pathetic...
This post was edited on 3/31/13 at 1:40 am
Posted on 3/31/13 at 1:48 am to siliconvalleytiger
It's recovered fairly well in the Memphis suburbs at least for homes under $500,000.
Posted on 3/31/13 at 5:14 am to siliconvalleytiger
Full blown sellers market here.
Posted on 3/31/13 at 8:46 am to siliconvalleytiger
quote:Flat here but doing much better on the coast.
Mine is back to peak levels. Market shot up last year and the Bay Area/SF is back to exorbitant prices. Nothing even worth looking at under a million and even that doesn't get you much.
Posted on 3/31/13 at 8:57 am to siliconvalleytiger
Shreveport is suffering big time.
People are moving to Bossier but not building homes in Bossier City...that's all going commercial. The home construction is in nearby Benton, Haughton and South Bossier.
People are moving to Bossier but not building homes in Bossier City...that's all going commercial. The home construction is in nearby Benton, Haughton and South Bossier.
Posted on 3/31/13 at 9:16 am to siliconvalleytiger
Getting out of control again here. Demand has been strong and prices rising for the past 3 years almost. Now, prices are way out in front of income here again, there is new construction everywhere, and people are getting into biding wars again with a dozen offers on a property.
Pretty close to 2007 levels again here. Lot of it has to do with foreign investors parking huge sums of cash in Miami and causing prices to skyrocket.
Pretty close to 2007 levels again here. Lot of it has to do with foreign investors parking huge sums of cash in Miami and causing prices to skyrocket.
This post was edited on 3/31/13 at 9:18 am
Posted on 3/31/13 at 9:42 am to siliconvalleytiger
Lots of construction but prices are nowhere near 2005-2006 levels...
Posted on 3/31/13 at 9:44 am to siliconvalleytiger
d
This post was edited on 4/1/13 at 12:00 pm
Posted on 3/31/13 at 10:04 am to TIGRLEE
I don't think the qustion was about how is your house selling going. 
Posted on 3/31/13 at 11:14 am to notiger1997
All the trends in northern Virginia are positive. Average days on the market is way down, inventory is 25% of what it was in 2008 and homes are selling for 10% more than last year. We still aren't at 2005-2006 levels but with the market turning strongly towards a seller's market I can see that happening. I've heard reports from experts to expect up to a 40% increase in home values over the next 2 years. Obviously this won't affect most areas of the country but northern Virginia is ripe for a sharp rise in home values.
Posted on 3/31/13 at 11:29 am to VABuckeye
quote:If so, then the recent "wealth gap" screed will disappear faster than a wallet at a Pickpocket Convention.
I've heard reports from experts to expect up to a 40% increase in home values over the next 2 years.
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