This is equivalent to a convenience store you regularly go to suddenly charging double for a bag of chips and then the owner putting a sign saying 2% off when they realize the chips aren't selling as fast.
I haven't seen any REAL price changes so this is a non-story. We need 20% price reductions because even at that amount, they're still overpriced. For example, I am still seeing 950 sq ft houses costing over $300,000 in Denton...
They are not reducing their prices. It was severely overpriced before. Now, it’s still overpriced . Buying a home is a dream for me. Will it ever happen? My daughter is already adult and we are still renting.
What educated person would buy a home right now? Let the investment companies that bought 33% of the homes in the last 5 years fail. Inflation is sticky. The FED will have to reverse course once commodities start rising. North Texans who are from here, let's not let what happened to California come here.
Don't forget Florida. DeSantis catering to insurance companies and HOAs literally destroyed that market. You can't give a home away in Florida right now.
HMMM no, you're talking nonsense. It went to 600k because of COVID(cost of build materials, interest rate, inflation, etc), Corporate landlords and AirBnB, all decreasing supply. Interest rate prevent some from selling, causing a negative feedback loop. 15 years of slow home building from the 2008 housing crash. California transplant accounted for ~400k people in the last decade in a state with 30 million people. There are many factors, but know your facts before you speak. 🤣🤣🤣
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless" -Thomas Jefferson
It was about time they clamped down on Realtors who made way too much commissions. 6% on sellng a home for doing nothing? ? They were worst than used car salesmen
lol, republicans have been saying that for 4 years and the stock market continues to break records every day and GDP is increasing. Never bet against America.
It is just silly to expect buyers to buy these overpriced houses for a slightly lower interest rate. Same overpriced house with a lower payment. No thanks.
The DFW area is over inflated. I use to build homes in Dallas and the quality of these homes is not good at all. The pandemic money has been exhausted, layoffs looming, and incomes are just not there. The Dallas growth has been based on outsiders coming in with cash money. These overpriced cookie cutter homes that are wrapped in cardboard literally, cabinetry made of wood byproducts are not worth the price. Not to mention the foundation trouble you have and then to top it off a lot of people who buy or build new homes are stuck with an absorbent tax bill the first year due to them not understanding PID public improvement districts. Rising property tax valuations and insurance cost are also problematic. It’s a mess and the jobs there don’t pay a hell of a lot.
I pray the Californians see the biggest drops. They are part of the reason for these despicable prices. They overpay every single time. I've been priced out multiple times and have given up.
I would never buy a used home even with the reduction in fees. It's still not fair and buying new is a much better deal. Quality and style are also much better than when the older homes were built.
@@poollife777 There is a specific age range I'm referring to where it's only "some percentage" brick and the rest cement board. It just looks like a cheap out. The new homes are mostly brick and stone on the outside with tasteful appointments. Also gone are the cement fake keystones. Builders are offering better everything now including floors, counter tops, and HVAC. Prewired for ethernet not old phone jacks and cable, tension cable foundations, etc. I could go on and on. Times have changed for the better.
I don't buy it. If these houses are such a better deal now, corporations would have already sucked them up. Not gonna fall for it.
They have doubled the price in 3 years but hey here's 10% off...such a deal!!
Bingo
Corporations. I've noticed quite a few big names when I look up properties on TAD (eyeroll). Doesn't seem fair.
@@CDHpetcarechina and blackrock are buying up everything ,so when things go bust they will beg the fed govt/tax payer chumps to help them out!!!!
Are people selling and moving out of there or what? Why?
So they went from $800k to $799k. 🤣
And sellers helping with$2,500 with closing costs 😂
This is equivalent to a convenience store you regularly go to suddenly charging double for a bag of chips and then the owner putting a sign saying 2% off when they realize the chips aren't selling as fast.
Still overpriced
By 40%
@@rammanohar8161
Some are overpriced by 60^
I haven't seen any REAL price changes so this is a non-story. We need 20% price reductions because even at that amount, they're still overpriced. For example, I am still seeing 950 sq ft houses costing over $300,000 in Denton...
@@largol33t1that’s insane
They are not reducing their prices. It was severely overpriced before. Now, it’s still overpriced . Buying a home is a dream for me. Will it ever happen? My daughter is already adult and we are still renting.
so it's more like right-pricing, not reducing
What educated person would buy a home right now? Let the investment companies that bought 33% of the homes in the last 5 years fail. Inflation is sticky. The FED will have to reverse course once commodities start rising. North Texans who are from here, let's not let what happened to California come here.
Don't forget Florida. DeSantis catering to insurance companies and HOAs literally destroyed that market. You can't give a home away in Florida right now.
200k homes went to 600k because of California transplants...Those fools overpaid 🤣🤣🤣
HMMM no, you're talking nonsense. It went to 600k because of COVID(cost of build materials, interest rate, inflation, etc), Corporate landlords and AirBnB, all decreasing supply. Interest rate prevent some from selling, causing a negative feedback loop. 15 years of slow home building from the 2008 housing crash. California transplant accounted for ~400k people in the last decade in a state with 30 million people.
There are many factors, but know your facts before you speak.
🤣🤣🤣
Oh... It's coming.. Everything is slowing down
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless" -Thomas Jefferson
It was about time they clamped down on Realtors who made way too much commissions. 6% on sellng a home for doing nothing? ? They were worst than used car salesmen
Nah wrong
Another over inflated worthless job.
half a point are not going to do anything . Fed keeps printing money good luck on that.
Yes, Fren will keep printing money and we all have to be part of it. No option.
It is still sellers market. After increasing 20-50%, Reducing peanuts shouldn’t even be considered as price drops.
Uhh ohh. Get ready for the deluge of sellers.
Will continue to drop as well as rental prices.
rental prices?
@@CDHpetcare yes the price or cost to rent.
Recession/depression incoming
Depression
lol, republicans have been saying that for 4 years and the stock market continues to break records every day and GDP is increasing. Never bet against America.
If Cackola wins definitely
The depression is ALREADY starting. The media are simply refusing to report it to help Heels up Harris.
Selling a home by owner is not difficult
Until a lawsuit
Only issue is that the spiteful real estate agents will make sure they don't tell anyone about your house and try to keep buyers from seeing it
A long way to go
Wake me up after they drop by 60 %
Got my $300 ready for a down-payment😊😊
I wish
So not ever believe realtors. Very rarely they are on your side. They are there to make the transaction happen at the highest price for their max cut.
It is just silly to expect buyers to buy these overpriced houses for a slightly lower interest rate. Same overpriced house with a lower payment. No thanks.
That's what I'm saying
Sounds like they were a little to greedy.
I agree
How??
If brand news house cost $250k I’ll be first in line 😆
move to mansfield or outside of houston
Good luck finding a house under $400k in Mansfield.
I don’t think new house is under $400K around Dfw.
$250K will get you a 850 sq ft 45 yr old house in many parts of Denton or surrounding cities BUT you don't get a garage.
That is absolutely crazy building All those houses identical this day in time, especially in those section 8 housing editions WTF Are they thinking ?
Just don’t use them
Come on, stop the BS! It’s a sh***t Show out there.
Price reduction? After the cost rose to the highest level I've seen.
The DFW area is over inflated. I use to build homes in Dallas and the quality of these homes is not good at all. The pandemic money has been exhausted, layoffs looming, and incomes are just not there. The Dallas growth has been based on outsiders coming in with cash money. These overpriced cookie cutter homes that are wrapped in cardboard literally, cabinetry made of wood byproducts are not worth the price. Not to mention the foundation trouble you have and then to top it off a lot of people who buy or build new homes are stuck with an absorbent tax bill the first year due to them not understanding PID public improvement districts.
Rising property tax valuations and insurance cost are also problematic. It’s a mess and the jobs there don’t pay a hell of a lot.
But that city has a good quality of houses? 👀
I have 299 dollars
I am not surprised. I know our family is not alone.
I'll buy that for a dollar
And now, the $hjtstorm begins...
Whats the current interest rates 🤔
It depends on your area and your credit rating, new house, old house. Talk to several Lenders.
@QuietCottage tx perfect credit 30yrs rates
its still real high over 6.5
@@sonidosaborlatinodallas I guess I'll keep my 2.3% rate than
@@Minibike817I'm with you.
Get ready everything goen drop normal prices
I pray the Californians see the biggest drops. They are part of the reason for these despicable prices. They overpay every single time. I've been priced out multiple times and have given up.
Buyers need to make offers of 20-50% less and give them an upsetting wake up call. Lol
I'm gonna rent a little longer and hold out and put the extra cash in Gold, Market and Bitcoin.
Ramona Ranch
They do nothing and want money 😅😂😅
They know who's finna be the next president capital gains going up soon
I would never buy a used home even with the reduction in fees. It's still not fair and buying new is a much better deal. Quality and style are also much better than when the older homes were built.
@@poollife777 There is a specific age range I'm referring to where it's only "some percentage" brick and the rest cement board. It just looks like a cheap out. The new homes are mostly brick and stone on the outside with tasteful appointments. Also gone are the cement fake keystones. Builders are offering better everything now including floors, counter tops, and HVAC. Prewired for ethernet not old phone jacks and cable, tension cable foundations, etc. I could go on and on. Times have changed for the better.
I'd like an older construction, but with some of the modern accessories
Professional services 😂. Time to find a new job. These people add nothing to society. Just like car salesman. Come on AI.
AI? what do you mean? I guess I need to watch again.
😂😂😂
Yeah, it has nothing to do with the weather or Grid system that continues to fail with fatal consequences
Home values are declining rapidly throughout Texas.