Don't see it anytime soon if ever. I would go ahead and get your build under contract before things go up anymore. I have been a real estate appraiser for over 35 years and I have never seen anything like what is going on. Just got an appraisal assignment in with list price of 349,900 and a contract for 450,000. 5 days on market. Here is a list of a few sales in a very small area in Austin. Multiply these 10 fold and that is the market in the Austin area. Look at the list price vs sale price. Just stupid crazy right now.
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Crazy Inflated Home Construction Costs?
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Im just curious what its gonna take for people to start living within their means.
We just moved into a 800 sq ft living area in a pole barn we built with cash from selling our house on some land we bought a couple of years ago. Yes it is small and nothing fancy and we dont drive fancy vehicles but they are paid for and I am blessed to make a good living. People would be so further along to learn to live within their means (its easy to do) and find their joy in Jesus instead of a big house and a new F250.
Stepping off my soap box
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Originally posted by BrianL View PostRemember all those Trump tariffs? That is a huge part of this.
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Originally posted by bboswell View PostCame from a senior employee at UFP. I’m not gonna claim to understand the why.
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Originally posted by texan4ut View PostDon't see it anytime soon if ever. I would go ahead and get your build under contract before things go up anymore. I have been a real estate appraiser for over 35 years and I have never seen anything like what is going on. Just got an appraisal assignment in with list price of 349,900 and a contract for 450,000. 5 days on market. Here is a list of a few sales in a very small area in Austin. Multiply these 10 fold and that is the market in the Austin area. Look at the list price vs sale price. Just stupid crazy right now.
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Originally posted by Eastwood View PostIf houses are selling for much more than asking so often, why aren't sellers starting out higher? I have no experience in real estate, so I always thought that was odd.
Market is being reset.
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Originally posted by SB09 View PostYea.... That's categorically false. Reading dates on articles is important.
Last edited by BrianL; 04-08-2021, 01:32 PM.
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