I’m not seeing any housing slow down in the Dallas(Celina,Prosper,Allen) area.
Builders are constructing houses and apartments like crazy. I’m seeing more and more people buying houses with high interest rates. Will there be a down turn at all in this area? Most people who bought houses are with study income and planned budget for the mortgage payment.
There likely won’t be a downturn as demand is high while inventory is really low.
Inventory is not low there are tons of new communities under construction. They may hit the market any in 5-6 months
“The analysis found four cities are at the epicenter of the crisis, with three located in Texas — San Antonio, Dallas and Houston. Finishing off the list is Orlando, Florida.” https://www.foxbusiness.com/economy/us-cities-facing-biggest-housing-shortage
You are assuming that builders finishing their construction unit as a leading economic predictor of housing. It is not. Most likely a lagging indicator
Got it I'm kinda new to this
I get routine price drop notification on Redfin app for this area. Until last year there was bidding on homes Not anymore. Save your money and wait out a year. Or buy elsewhere.
If the price drops and the interest rate is at 10% it would be similar to buying with a high price and low interest right?
I’m building in this area as well , the growth is ridiculous
Imo, price has been down a bit, or at least there is more inventory. I have saved search filter, and every time I check I'm seeing more options
News flash- people have more money than you think they do.
I agree
Most of the houses being built are being sold. It’s also still a lot of people waiting on the sidelines. The truth is there’s still A LOT of people moving to those areas from all over and they need housing.
Dallas is probably the most desirable large metro area so its local dand is unique to it.
Stock market or RE, when it goes up, it’s steady and long path, when drops, it drops like a rock. You don’t know when that happens, it does before you know and you will left with no options to wait and hope!!!