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re: Current Housing Prices

Posted on 3/12/22 at 8:46 am to
Posted by PotatoChip
Member since May 2014
3668 posts
Posted on 3/12/22 at 8:46 am to
Building is worse. The materials price haas gone up multiple times over the last few months. Just pouring concrete has skyrocketed. Yesterday, Coburns told me that stainless steel is about to go up ~60%(hard to believe) and that anything with nickel is about to shoot up as the raw material has tripled this month. Buying a house is a way better option right now if you can find something you like.
Posted by TulaneUVA
Member since Jun 2005
25929 posts
Posted on 3/12/22 at 9:06 am to
I listed a house for sale in BR. Been a week with no offers which is surprising given market. It’s not an unreasonable list price either so we will see

Houston purchase was obtained through normal process. Contingent on inspections, etc and we got it for essentially their list price. Secured interest rate a month ago for 3.25%

For The other house we looked at in Cypress, you had to bid $75k over list to even compete
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