How is the housing market in your city?

lazarus

waking people up
BGOL Investor
Curious to see if some of you are in more stable regions regarding price because out west it has gone crazy again -- this time with chinese and bank investors. How is it in your city and is it cheaper to rent?
 

TimRock

Don't let me be misunderstood
BGOL Investor
Two years ago: Two bedroom in Bronx, Ny was 1450. 1 bathroom. Small kitchen. No washer and dryer plugs.

Now: Two bedroom in Tampa, 1100. 2 bathrooms. Sundeck. Washer and dryer plugs. Community pool. Free parking spot. Central air. Garbage pick up.
 

cli-terminator

Retired ManWhore
BGOL Investor
It looks like it's becoming a seller's market now here in Raleigh. I bought my home last year for under $200K. I have 3 bedroom, 2.5 bathrooms in a 2100sqft house on a lot of 10K sqft. This summer I've seen homes comparable to mine and some with less than mine selling easily for anywhere between $200K-$215K.
 

Coldchi

Rising Star
BGOL Investor
Dallas is busting out at the seams.
I'm looking at moving in about a year or two, probably north Garland or Rowlett by the lake.
Trying to stay in the $250k-300k range.
 

Powerforwardofthesquad

Rising Star
Registered
I'm (just recently) in DFW and it's strong as fuck. I personally know several people that have either been trying to sell their homes or trying to lease/buy, and there are literally bidding wars for some properties. People list houses for sale or lease, and before you can get with your realtor to have them set up a viewing, the shit is already under contract. Or, you see the house, submit an application and the owner accepts, meanwhile someone else approaches them with more money (i.e. $100 more per month if you're renting or $5K or $10K more if buying), and the owner turn your shit down and go with the highest person. Shit is insane. I've been on the wrong end of this shit, thus far, but I can see capitalizing on it some point in the future, if it stays this hot.
 

Newlots

Star
Registered
You can forgot about DC. It's one of the craziest seller's markets in the country, everything is over priced. I've seen shitty overpriced shells last one day on the market. My neighbor called me last week and asked if I wanted any tenants because he just sold his crappy 4 unit building for $610K. He did not even have to list it, he just told his realtor and she found investors.The same 4 unit buildings were going for 200-300 5 years ago. The market sucks for first time home buyers or small investors.
 

havelcok

Rising Star
Platinum Member
North Dallas .....we booming...great investment!!!

Dallas is busting out at the seams.
I'm looking at moving in about a year or two, probably north Garland or Rowlett by the lake.
Trying to stay in the $250k-300k range.

I'm (just recently) in DFW and it's strong as fuck. I personally know several people that have either been trying to sell their homes or trying to lease/buy, and there are literally bidding wars for some properties. People list houses for sale or lease, and before you can get with your realtor to have them set up a viewing, the shit is already under contract. Or, you see the house, submit an application and the owner accepts, meanwhile someone else approaches them with more money (i.e. $100 more per month if you're renting or $5K or $10K more if buying), and the owner turn your shit down and go with the highest person. Shit is insane. I've been on the wrong end of this shit, thus far, but I can see capitalizing on it some point in the future, if it stays this hot.

you guys think dallas will survive the drop in oil prices?

I'm planning my next move and its between houston, dallas and atlanta

i keep hearing dallas is more insulated to oil dropping than houston
 

donwuan

The Legend
BGOL Investor
Just sold our house in Michigan. Sellers market. Finally recovered from 2009 dip. Got back everything we pad including the kitchen and bath room upgrade cost. 1800 sqft, 4 bed, 1.5 bath, $210k. Sold in two weeks.
 

Day_Carver

Rising Star
BGOL Investor
It seems like it's a seller's market almost everywhere for homes 200-400k range..that what most people can afford anyways..but i see a lot of homes in atlanta like 800k and above and that shit is just sitting...
 

meilmarc

Rising Star
BGOL Investor
Been a sellers market in Houston the past 3 years, prices done went the fuck up, my best friend put his house onthe market and sold it in 2 days. Too many motherfuckers done moved to Houston bit a good thing is that so many luxury apartments have come on line that they all competing to get renters now
 

Llano

Rising Star
BGOL Investor
Been a sellers market in Houston the past 3 years, prices done went the fuck up, my best friend put his house onthe market and sold it in 2 days. Too many motherfuckers done moved to Houston bit a good thing is that so many luxury apartments have come on line that they all competing to get renters now
Yep they got all kind of specials to attract renters.
 
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lazarus

waking people up
BGOL Investor
seeing a lot of North Dallas cats. How do the white folks react to the influx of black people?
 

daman200

Rising Star
Registered
the housing market is tied to the job market. If the job market is hot usually the houses are selling like hotcakes.... If the job market is cold then the houses are not selling and its a buyers market. Im in the DMV and its like a great job market so houses are selling and are overpriced. But just up the road in baltimore you could probably get a house on the cheap.
 

Sea Bastid

Rising Star
Registered
On my third flip in Philly. It's booming. So far I've cleared 163k. My rentals have gone up too. I can get 900 for a 2 bedroom now. These are cribs I copped for 19-25k cash.
 

cincitystudios

Chopping it up
Registered
the housing market is tied to the job market. If the job market is hot usually the houses are selling like hotcakes.... If the job market is cold then the houses are not selling and its a buyers market. Im in the DMV and its like a great job market so houses are selling and are overpriced. But just up the road in baltimore you could probably get a house on the cheap.

You hit the nail on the head. Although DC is one of those markets where housing will always be hot, so to speak. I'm in Orlando and its kind of the same way. Extremely hot market right now
 

brickwall92

Rising Star
Registered
I'm in palm beach county..we're the hottest market in the country right now...smh ..getting a house now ? Good luck
 
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