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Started By
Message
re: Home prices will go down this summer as sellers can't postpone listing any longer
Posted on 6/12/24 at 7:46 pm to kywildcatfanone
Posted on 6/12/24 at 7:46 pm to kywildcatfanone
quote:
I almost bought a piece of land to build on a month ago. Cost was pretty high and I think building is still quite expensive. I do wonder though, if 2 years from now home sales value would be high or not
I’ve been getting quotes and it’s around $170 a sqft for living and $85 to $100 for porches and garage. Then you have the land on top of that. With the land I was looking at it would put me at about $275 a SQFT maybe $290 once I fenced in an acre and did a pool/hot-tub.
This post was edited on 6/12/24 at 7:49 pm
2
Posted on 6/12/24 at 8:17 pm to Rize
Yep new construction still high AF, also it’s looking like 2 rate cuts coming later this year. Now may actually turn out to be a great time to buy.
Posted on 6/12/24 at 8:21 pm to stout
One of my in-laws' neighbors has dropped their asking price by over $1m little by little over the last year and a half.
I know, subtle "rich in-laws" brag.
I know, subtle "rich in-laws" brag.
Posted on 6/12/24 at 8:41 pm to PetroBabich
quote:
So is that better?
Not really but our current home is way too big once it’s down to just my husband and me. The cost to heat, cool, maintain pool, etc is too much for 2 people.
Posted on 6/12/24 at 9:00 pm to Rize
Where on earth are you building at $170/ft living?
Posted on 6/12/24 at 9:07 pm to kciDAtaE
quote:
…says redfin CEO
He's 100% right and time will show that. This is not smoke and mirrors. It's facts based on inventory of houses and their time being on the market.
Posted on 6/12/24 at 9:08 pm to grizzlylongcut
quote:
I’m in the market to buy right now in the DFW metro and this is what I’m seeing as well
Where exactly?
3 homes in the past month in my neighborhood went on market, all 3 accepted offers less than 7days and all sold higher than the comps.
Posted on 6/12/24 at 9:08 pm to grizzlylongcut
quote:Interesting. According to Redfin, my home has risen in value, through just 5 month this year, 15.87%. So if they drop by 1%, then my home would still be valued at 14+% higher than last year.
I’m in the market to buy right now in the DFW metro and this is what I’m seeing as well
Posted on 6/12/24 at 9:10 pm to PolarPop5
quote:
Where on earth are you building at $170/ft living?
That’s just what I was quoted. Three different builders $165, $170 and $175. Houston area.
This post was edited on 6/13/24 at 7:02 am
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