Raad, great update. We are in the process of transitioning down here from Dallas and visit once a month. This past weekend we visited several communities and did not see many other potential home buyers, even on the weekend. The sales consultants did not seem to be very eager to sell, but maybe they did not want to appear desperate. Most of the sales consultants were very helpful and welcoming, we must say. It will be interesting to see how this year pans out with new home and pre owned home sales. We appreciate these updates that you provide as an agent that has been established in the area.

@raadalawanrealtor

3 ай бұрын

Thank you for your feedback and compliment. Stay tuned for this Fridays video for where the market’s likely going the rest of the year.

Hi Raad we jumped in the market when the rates were at 6.25% June of 2023. However, we knew that we would not be able to sell for a while possibly for 3 to 4 years down the line as the housing market rates settle down and stop being so volatile.

@raadalawanrealtor

4 ай бұрын

You took a chance and as a result paying less per month. Eventually tables will turn and inventory will drop as demand increases. And 3-4 years seems like a reasonable bet depending on how much you need out of current home to purchase next one

Thanks for the market update. Great time to buy that second home or buy a new home.

@raadalawanrealtor

4 ай бұрын

It is

Coming out in April to get information and look around NB. Hopefully, we will be able to find what we are looking for.

@raadalawanrealtor

4 ай бұрын

What are you looking for? Take care of the things you can now so you can laser focus on one or two areas when you get here

@slightlyaverageamerican9664

4 ай бұрын

@@raadalawanrealtor good neighborhoods, close to shopping, and not a high HOA.

@raadalawanrealtor

4 ай бұрын

@@slightlyaverageamerican9664 $ range will determine a lot

@slightlyaverageamerican9664

4 ай бұрын

@raadalawanrealtor right around $400K

Any new additional plans for more shopping centers and big mall

@raadalawanrealtor

4 ай бұрын

A source tells me there’s something coming just can’t say what it is right now

Still looks high to me compared to Fort Cavasos area

@raadalawanrealtor

4 ай бұрын

Price has to do with proximity. Proximity to string schools, parks, we have two rivers and three lakes and a myriad of shopping and downtown, Gruene, year round events. That’s what you’re paying for. I’m not familiar with your market but you can do the proximity comparison

Its coming down that much should be obvious

More like correcting. :). It is what it is

I’m ready to buy more in NB!

@raadalawanrealtor

4 ай бұрын

Good idea. I don’t think we’ve hit our bottom yet. When you have perspective buyers concerned about paying for points and only want to spend 3-4k in property taxes, it’s a sign that the prices will come down further because those homes will sit on the market longer.

All this talk about interest rates. Many people cannot afford these high priced homes even with lower interest rates. There was a surge of buyers a couple years ago which drove up the price and now things have cooled off. It's really that simple. Worker's salaries are not in line with mortgages and associated housing costs. It's not a mystery why house prices are falling. Cash buyers are mostly old people and investors. And investors are regretting buying in some areas.

Not trying to be negative but we're going to be in a recession soon. So I don't think you guys will have the growth that you did in the past.

@raadalawanrealtor

4 ай бұрын

Whenever someone starts with “not trying to be..” 😂 it’s all good. Text book recession? We’ve been in one since 2022. Look at the text book definition of recession. And we don’t have the growth we’ve had in the last. Orlando doesn’t have the growth it’s had in the past. Rates determine how much house someone can afford and how much a seller can get for their home. It puts the brakes on growth. BUT once that first rate cut is announced, the market will heat up.