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Started By
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Texas housing market collapse?
Posted on 7/20/26 at 8:40 am
Posted on 7/20/26 at 8:40 am
I keep seeing vids and articles.
Glad I live in BR.
Texas Housing Crash This Year? Why Prices Are Falling Fast
Glad I live in BR.
Texas Housing Crash This Year? Why Prices Are Falling Fast
32
Posted on 7/20/26 at 8:42 am to lsu xman
quote:
Glad I live in BR.
Oof
Posted on 7/20/26 at 8:47 am to lsu xman
I think if we were all to sit back and look at this, you know there’s no sector that doesn’t need more of a correction than the housing market. Especially when you consider areas like Texas in the immigration situation heading south versus the migration of Biden.
Posted on 7/20/26 at 8:49 am to lsu xman
Lets see if the property taxes reflect the drop in values
Don’t hold your breath Texas
Don’t hold your breath Texas
Posted on 7/20/26 at 8:49 am to lsu xman
Like the saying goes, economists have successfully predicted 10 of the last 3 recessions
Posted on 7/20/26 at 8:49 am to SuperSaint
Sucks all those people had to move to texas to find jobs
Thank gawd i live in Louisiana
Thank gawd i live in Louisiana
Posted on 7/20/26 at 8:53 am to Obi Wan Ryobi
quote:
Like the saying goes, economists have successfully predicted 10 of the last 3 recessions
Right now this is basically tied to AI.
The AI jobs and buildout are basically keeping our larger economy afloat (not just with the specific tech-related jobs/money, but all the loans, construction, jobs, materials, etc. for data centers). At a certain point, AI has to become revenue (well, profit, more specifically, but we're not even at revenue really) producing to justify all this investment and buildout.
If it works, we dodge the bullet once again.
If it's the cable internet buildout of the dot com boom, it's going to be real bad.
Posted on 7/20/26 at 8:54 am to lsu xman
Not sure. I sold my Austin house during Covid for twice what I paid for it three years prior. People should’ve planned accordingly and realized that was not the norm.
Zero sympathy esp for real estate agents.
Zero sympathy esp for real estate agents.
This post was edited on 7/20/26 at 8:56 am
Posted on 7/20/26 at 8:55 am to Cosmo
Going underwater on your mortgage while eating dusted crawfish is no way to live
Posted on 7/20/26 at 8:55 am to lsu xman
crashing or normalizing?
either way, i'll happily re-finance if / when interest rates drop.
either way, i'll happily re-finance if / when interest rates drop.
Posted on 7/20/26 at 8:55 am to lsu xman
6-7 years ago if you put a home up for sale in our area (Wylie, TX / North East suburb of DFW) you would have 100 people walk through a weekend.
Today, if you look at Zillow there's 527 homes for sale.
The average Wylie house price was $440K last month.
Today, if you look at Zillow there's 527 homes for sale.
The average Wylie house price was $440K last month.
Posted on 7/20/26 at 8:56 am to lsu xman
quote:
The YouTube gotcha words in first 20 seconds followed by Subscribe, like, leave a comment
When my GenX red flags go up, my listening goes down.
Sensing the writer probably lives in California and watched all the moving trucks pick up the tech jobs and move them to TX and relished the day when the TX housing market shows weak signs, and was eager to make a video from his parents basement about all the greedy builders who profited on and left the little guy (home owners) pissing away down payments in lost home equity due to declining values.
Be he is a Bruce Springsteen fan.
This post was edited on 7/20/26 at 9:10 am
Posted on 7/20/26 at 8:59 am to The Torch
quote:
you would have 100 people walk through a weekend.
as someone who's recently sold a home. this sounds like a fricking nightmare. i loath showings.
"Can you, your wife, your kids, and your dogs disappear for an hour or so, with as little notice as 2-3 hours. And we'll need your house to be spotless also. Then we'll submit a lowball offer to offend you by the end of the day"
This post was edited on 7/20/26 at 9:01 am
Posted on 7/20/26 at 9:00 am to SuperSaint
My assessment value actually went down last year, so I can't complain there. Now, granted, I think my market value has also gone down about 5-8% since I bought at the peak in 2023, but largely due to supply more than doubling in that timeframe. There are 4 new neighborhoods and a new elementary school within 2 miles of my neighborhood which was built in 2020-2022. The house we bought is a corner lot in a good neighborhood, walking distance to my wife's work and son's daycare.
It's really interesting to get on Zillow and look around at the homes for sale, because you have cheaper new homes contrasted with expensive older homes, for people trying to sell that bought at peak and get back what they paid or make some profit. But old sellers are having a hard time competing with the incentives the new homes are offering, cheaper interest rates and covered closing costs.
It's really interesting to get on Zillow and look around at the homes for sale, because you have cheaper new homes contrasted with expensive older homes, for people trying to sell that bought at peak and get back what they paid or make some profit. But old sellers are having a hard time competing with the incentives the new homes are offering, cheaper interest rates and covered closing costs.
Posted on 7/20/26 at 9:01 am to lsu xman
My house in Texas has almost doubled in value in 5 years. 2 just sold in my neighborhood for these values.
Posted on 7/20/26 at 9:01 am to lsu xman
Property taxes are killing us here. The burbs opened up to get away from high property taxes only for them to develop and are stuck in the same situation.
Posted on 7/20/26 at 9:06 am to SlowFlowPro
SFP has added AI to the myriad subjects of which he is an expert
Posted on 7/20/26 at 9:07 am to idlewatcher
quote:
Property taxes are killing us here. The burbs opened up to get away from high property taxes only for them to develop and are stuck in the same situation.
Part of that is the MUD taxes developers in unincorporated county regions are having to collect and pay to the county government, and also funding new schools that need to be built.
That's not to say property tax rates in TX aren't out of control, but some of that stuff in inevitable.
Posted on 7/20/26 at 9:08 am to BurlesonCountyAg
quote:
SFP has added AI to the myriad subjects of which he is an expert
You need to learn the difference between expertise and conversational competency.
Just so you know, that's not a difficult distinction.
Posted on 7/20/26 at 9:09 am to lsu xman
quote:
Glad I live in BR.
Lulz. I’ll take the high property taxes over living in Louisianastan.
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