Quote:
Originally Posted by l2ridehd
I think you are VERY wrong. Yes it is up from 400 to over 500 and those with MLS and FSBO are up, and now the total is up from the 800 to about a 1000. BUT, that first post was in 2008, go back and look, it is now 2010, and the total number of homes is up from under 40,000 to around 50,000. So as a % of the total it is still around 2%. Very very low by any standard you want to compare. And as I said before, double the numbers to 2000 or 4% and it is still way below the rest of the country.
I can't guess where prices will be in 2011, but my bet is they will be where they are today or higher. The housing market as a whole across the country still has some problems to correct and will follow what the economy does, which is going to still have to go through a severe inflation cycle to cover the money printing that is happening. But in TV, I am not so sure as it is an isolated market. And when the inflation cycle hits the housing market, which it will at some point in our life time, current home prices will be more then double what they are today.
|
I have been watching TV prices very carefully for the last 4 years. I almost bought a ranch for 239 they now for sale for 169.
Within the last year the number of houses for sale in TV has increased gradually. The prices of new homes has decreased.
I will not argue here the cause, but those are the trends I see.
TV market is stronger than most of the country, no question.
I am waiting for lower prices which will continue .