[melpetezrinski]

"not sure what a financial update is"

Should have kept it simple and said upgrades.


"As far as mortgages versus cash sales, can you point me to the data source?"

Redfin and real estate analytics firm Attom

[asianthree]

Originally Posted by Normal

Well the Village is nowhere near closing out. More than half the homes are still for sale.

Have you been to the new villages, it’s still a construction zone, homes are released as they are finished. The only village that is only half sold is Enclave. No specs, so far, you are just buying dirt.

If you were here in 07, you couldn’t get a new house, and some villages like Richmond were like that, last year.
In 2010 new homes available, look about the same as today. We bought a PV, in April, discounted, but they were also still building another 80 homes that weren’t released until July and beyond.

Those who have been here awhile, have watched the trend from sold before it hits the market, to take your pick.

Yesterday I could find any discounted home for sale, but plenty of just released homes this week

[Randall55]

Originally Posted by asianthree

Have you been to the new villages, it’s still a construction zone, homes are released as they are finished. The only village that is only half sold is Enclave. No specs, so far, you are just buying dirt.

If you were here in 07, you couldn’t get a new house, and some villages like Richmond were like that, last year.
In 2010 new homes available, look about the same as today. We bought a PV, in April, discounted, but they were also still building another 80 homes that weren’t released until July and beyond.

Those who have been here awhile, have watched the trend from sold before it hits the market, to take your pick.

Yesterday I could find any discounted home for sale, but plenty of just released homes this week

Lake Denham is no where near sold out. Hundreds of homes in that Village are still available. There are a few homes left in Newell. I went looking for a discounted home. From what I saw, home prices have not dropped. But, I was not looking at EVERY model.

[asianthree]

Originally Posted by Randall55

Lake Denham is no where near sold out. Many homes in that Village are still available. There are a few homes left in Newell. I went looking for a discounted home. From what I saw, home prices have not dropped. But, I was not looking at EVERY model.

Lake Denham is still releasing homes, so it will be awhile before anything is discounted. Spec homes in Eastport will be awhile, build lots will be up first.

We may be looking for an investment property, but so far no homes have been discounted, or that we would buy. Our agent will have us on the list for when Richmond East opens. If not we will look farther south.

[Randall55]

Originally Posted by asianthree

Lake Denham is still releasing homes, so it will be awhile before anything is discounted. Spec homes in Eastport will be awhile, build lots will be up first.

We may be looking for an investment property, but so far no homes have been discounted, or that we would buy. Our agent will have us on the list for when Richmond East opens. If not we will look farther south.

You saw the same as me. There are no discount homes. I am looking for an investment property. As a contractor, I will fix it up and then place it back on the market.

[Whitley]

Originally Posted by manaboutown

Housing has never been this unaffordable - and home prices are only going to keep rising, Goldman Sachs says

Compare the median home cost to median income from 1980 to today. Things may be ok for those of us entering our sixties, but for those just graduating college of HS it is horrible.

[manaboutown]

Originally Posted by Whitley

Compare the median home cost to median income from 1980 to today. Things may be ok for those of us entering our sixties, but for those just graduating college of HS it is horrible.

I remember reading that in 1958 housing costs took about 12.5% of the income in a single earner household. Of course houses back then averaged a fraction of the size of today's and rarely had A/C, or necessarily central heating much less modern appliances, TVs, sound equipment, multicar garages and so on.

Only my father worked in 1958, indeed the whole time my brother and I were growing up. I was in HS. We had about a 700 square foot house, two bedrooms, one bathroom, a one car garage, no A/C, one used car.

[CoachKandSportsguy]

Originally Posted by melpetezrinski

"not sure what a financial update is"
Should have kept it simple and said upgrades.

"As far as mortgages versus cash sales, can you point me to the data source?"
Redfin and real estate analytics firm Attom

Geez, if you a using Attom data, can you show some TV trends in graph format for the last 5 years? Can you show some other interesting attributes over the same period? BTW, how expensive is the data? just curious, if its cheap i would buy the TV dataset myself. . I just bought 20 years of 20,000 stocks daily stock closing prices for less than $500.

A python classmate of mine just asked me for help with the MLS API data extract, for commercial property analysis as a sales rep. The MLS API one is a bit clunky, but its also just current data

ATTOM seems to have a very exquisite database, which warms my heart! Having access to that database would be heaven for analytics. . .

Comprehensive Real Estate Data:
ATTOM has built a national data warehouse that encompasses more than 155 million residential and commercial properties, multi-sourced from more than 3,000 U.S. counties.
With more than 70 billion rows of transactional-level data and ~9,000 discrete data attributes, the 20 terabyte ATTOM data warehouse powers real estate transparency for innovators across various industries, providing actionable real estate data and analytics.

[Caymus]

This article indicates that a median-income household can afford a sale price of 50% less than in December 2020.

Saving money to buy a house? Your dollar goes half as far as it did at the end of 2020, new data shows

[Normal]

Originally Posted by Randall55

You saw the same as me. There are no discount homes. I am looking for an investment property. As a contractor, I will fix it up and then place it back on the market.

Ok, the prices were cut a little over 6%, what you call a discount I call a cut.

[Randall55]

Originally Posted by Normal

Ok, the prices were cut a little over 6%, what you call a discount I call a cut.

When I drove down there to check the prices and availability, I did not see any reductions. If I did, I would have snatched one up.

[asianthree]

Originally Posted by Normal

Ok, the prices were cut a little over 6%, what you call a discount I call a cut.

So are you writing down prices of homes, and then seeing the price drop today, because usually developers make a big deal out of that reduction

Because developer site lists the house as reduced from _________ to _________, on the site to attract attention to the reduced price.

Haven’t seen that, unless the discounted houses are pending soon as posted. I know there are quite a few investment buyers on this site, that have been watching for new home reduction for awhile

[Normal]

Originally Posted by Randall55

When I drove down there to check the prices and availability, I did not see any reductions. If I did, I would have snatched one up.

Ya, they don’t advertise, they just change the prices. The price dropped a week ago.

[Normal]

///

[asianthree]

Originally Posted by Normal

Ya, they don’t advertise, they just change the prices. The price dropped a week ago.

Maybe it’s certain models, been watching 11 designers, and prices have remained the same since the day they were listed. Definitely not seeing price drop across the board