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re: How is residential real estate doing in your area?
Posted on 3/31/13 at 1:00 pm to siliconvalleytiger
Posted on 3/31/13 at 1:00 pm to siliconvalleytiger
Houston seems to be picking up a bit. My fiancee and I have been condo shopping and there's lots of new properties popping up every day. Seems like we'll do pretty well when we buy in the next couple months.
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Posted on 3/31/13 at 1:47 pm to siliconvalleytiger
Houma never really took a hit imo. The oil money has protected the area pretty well. I don't plan on living here long term so dumping a lot of money is something I don't want to do. Unfortunately, a house in just a decent neighborhood is bare minimum $150k. If you want to a good neighbor hood your are looking at $200k plus. These houses are more than likely not updated. They have condos listed at $300k that look almost exactly like the house I grew up in in Vegas from the 1980's. An hour and a half away in Slidell I can get a pretty good deal for $100k.
Posted on 3/31/13 at 3:49 pm to jmarto1
quote:
Unfortunately, a house in just a decent neighborhood is bare minimum $150k. If you want to a good neighbor hood your are looking at $200k plus
What's the cost of living because that's pretty damned cheap housing.
Posted on 3/31/13 at 4:22 pm to VABuckeye
Around here, that's a down payment.
Posted on 3/31/13 at 6:15 pm to siliconvalleytiger
It is finally on the rise in Central Florida. I took a huge loss in the bubble collapse but, it is moving back in the right direction. My home is going up about 6K per month right now.
What killed our market for so long was the huge inventory of foreclosed homes on the market. They have finally cleared out and life is much better. Also, Unemployment is falling here.
What killed our market for so long was the huge inventory of foreclosed homes on the market. They have finally cleared out and life is much better. Also, Unemployment is falling here.
Posted on 3/31/13 at 8:56 pm to siliconvalleytiger
Houses in my neighborhood in Richardson, TX are selling before they even hit the mls. I've been getting calls from realtors asking if we're interested in selling our home(we just bought in Dec). They're suggesting we'd make about $50k from what we paid 5 months ago. I'd consider it, but then we'd be looking for a home in a highly competitive market. There are bidding wars going on already. Its crazy. Most homes are selling for asking or over. I'm thrilled that I bought when I did b/c we got an amazing deal.
Posted on 3/31/13 at 9:53 pm to siliconvalleytiger
Not back up to peak levels, but up 20% from this time 2 years ago.
Posted on 4/1/13 at 7:27 am to BananaHammock
I just checked Zillow (I know, I know). It shows that my house is about $150k above what I paid for it in 2004. Looking at comps that number is probably $75-$100k low right now so we're sitting fairly well right now considering that we purchased around the peak of the market. I'd expect another 20-25% in the next couple of years if things continue to improve.
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