Please be sure to let people know that if they buy a bargain house just before the unemployment surge causes a spike in inventory then they may become trapped. Having to bring cash to the closing as a seller is not a good outcome. Sale or refinance will be off the table for 8-10 years.

*You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months sometimes lesser and now they are multi millionaires.* *I pray that anyone who reads this will be successful in life* ✊🏻❤️

@Joeljd842

6 ай бұрын

Only God knows how much grateful i am. After so much struggles I now own a new house and my family is happy once again everything is finally falling into place! I can't thank you enough Mrs Angela Mae McClain!

@Mollyflicks

6 ай бұрын

I think l've come across a broker that goes by Angela McClain but I didn't think she'd be that good that someone would testify of her work on KZread.

@Marvelous-mt2xt

6 ай бұрын

Our government has no idea on how people are suffering these days. I feel for people with disabilities not getting the help they deserved. God bless Mrs Angela MaeMcClain for all Good works. We need such a person in the society

@Mikecliton

6 ай бұрын

It's a very good idea if people get to set up some stuff aside for govt. that could be bringing them money apart from their jobs.

Viridian is sandwiched between the city dump and sewer treatment plant. They pushed dirt around there for 20 years

One thing I’ve learned is that it’s super important to never take a price cut at face value. I’m not sure if they do this in other cities/states too, but in Dallas builders manipulate home prices to create fake price cuts. They raise and lower their prices constantly. To know if a price cut is an authentic price cut you have to do a market analysis on closed sales. Once you start looking at it that way you’ll be blown away by the price manipulation. You have to call their bluff. I get chewed out quite a bit by sales consultants but my buyers always know what a house is worth long before we start negotiating on it.

@lakelvp

6 ай бұрын

Fake price cuts are very common in early stages of a market correction. The USA ghost cities are in the beginning of a multi year collapse.

@zionwilson7184

6 ай бұрын

Hello, hello, it’s Wendey Panell😮😮 very good advice I watch your vids all the time but I forgot to think about it this way 🤦🏻‍♂️ Thanks for the insight 😁

@WendyPannell

6 ай бұрын

Hi Zion! Did you see my video about it? I spotlighted Megatel in that one. They had homes dropped 70k that were still overpriced. They mark up the prices then do these drastic price reductions hoping to induce fomo. A price cut is never a price cut until it’s validated through closed sales.

@anon4628

6 ай бұрын

You just earned a sub. 👍

@karlpierce3035

6 ай бұрын

I love honest people. Keep up with the good work.

I've been an FHA final inspector for lenders/appraisal companies now Going on 33 years in the Dallas Fort Worth metroplex. I have inspected thousands of new homes from West Fort Worth to East Cedar Creek Lake, North to Sherman and South to Midlothian. There are so many ghost houses in these new neighborhoods It is totally bizarre! You are right on track. Builders sales agents will not talk. Lol

@jcc9925

6 ай бұрын

How is the quality of homes in the past 3 years?

@richardwhitsitt6518

6 ай бұрын

It varies from subdivision to subdivision. Remember, builders are not licensed in Texas.

@JohnDaniels

6 ай бұрын

What do you mean by ghosts home, houses that are sitting empty, how can they afford to pay property taxes and loans for the materials?

@richardwhitsitt6518

6 ай бұрын

Yes new completed houses.

@chrissimpson3508

6 ай бұрын

​@@richardwhitsitt6518 In your experience, who builds the best homes for the money?

I was looking in San Antonio and refuse to pay the property taxes of $5000 a year on a house worth $200,000

70-90k price cuts on 700-900k homes really isn't that big of a deal. Yes, it is great but the prices everywhere need to drop 30%. 10% is a good start, but realistically, 30% is where they need to be for people to come back. And even then, you'll need 100k down to make it affordable

@jie1379

6 ай бұрын

Average home buyer should expect $200k-300k for 1600-2400sqft home. The price will continue to drop to this range since average worker wage around there and can afford that house

@dutch0770

6 ай бұрын

@jie1379 I agree. Obviously, the economics of each area are different. But the average 400-550k needs to come down to 200-350k.

@GhostZodick

6 ай бұрын

​@@dutch0770that would be a 50% drop

Lots of price cuts for sure but the problem of overpricing remains. Home builders/sellers are going to have to come down by a large amount still

I lived in the waxahachie midlothian area.. it is insane.. but everyone is moving there from the metro DFW . Beautiful area.

12K homes being built in Dallas 😮😮😮😮???? That is insane 💥❗️ The CRASH 💥 IS GOING TO BE WILD OUT THERE. Thank you brother Travis for everything you share. Blessings,Carlos ✝️🙏❤️😊🇺🇸

I just wish property taxes weren't so high in TX.. its 3x higher than Tennessee..adds 400-500 bucks to your mortgage payment.

@koolkitties8552

6 ай бұрын

The Texas doesn't have any income Tax

@frankc.astle214

6 ай бұрын

yup, new homebuyers following content like this don’t ever think about how much they will really be spending on their new house

@matteosummer79

6 ай бұрын

@@koolkitties8552 Neither does TN. Sales tax is 1% higher and alcohol tax is higher. Property taxes are insanely low there, though, and w/o income tax. No idea how they do it. When I lived there, my taxes were ~25% of what I pay in TX. I left though because TN was boring AF and Nashville is just full of bachelor(ette) parties galore so as a local, it was a PITA to go to a concert, etc.

Some really beautiful homes! The issue though is that property taxes are so outrageously high in Texas (at about 3% annually) that it's virtually prohibitive to buy anything there at over $400K even at the current discounted prices. The area needs at least a 40-50% price cut from the former top. In addition unregulated power/electrical services, even with no state income taxes, virtually disqualify Texas for most folks as a potential state to move to.

None of the houses in the DFW area worth more than $100 - $125 sq ft. Extremely overpriced market.

@pbshooter100

6 ай бұрын

Yep was thinking the same

Best news I've heard in a long time❤❤❤🙏🙏🙏🙏

These price cuts seem deceptive because these houses still cost a lot per sq ft.

@wango556

6 ай бұрын

Ding ding ding. Anything over 100/sq ft is nuts

Thank you for Dallas updates. Knowledge is power

We bought at Prairie Ridge on 287 by Midlothian. Will be endless building, will be another giant development across the highway and ours just bought Texplex and doubled the land(will be Goodland TX and 50k pop projected). I'd say buy the best lot you can, the house is meaningless. We waited and waited for the best lot in the place. (Extra wide lot, extra large length, no neighbors on three sides and borders a private lot with mature trees, on culdesac and will be near new school). Also make sure the house is spray foamed top to bottom with radiant barrier, makes a HUGE difference. As a special bonus the county wildly under valued the home and we locked in homestead and pay half the prop tax others do. Biggest con is craftsmanship is trash(Trophy Homes), Grand is here not much better people say., 287 is very inadequate for all the people here. We don't plan on moving until the kids are gone(20 years or so), so can enjoy the prop tax savings and can cash out when the construction tappers off.

@jonsaircond8520

6 ай бұрын

Yes that area is totally nuts I can't believe how many they have build the last few years

Arlington not"West Dallas." It's not even in Dallas County. There's literally two towns between the two cities.

This is sad. $800k-$1M homes in far-out suburbs in DFW, it has already become a mini-California. You get a lot more for your money, but face-value price, it's nearly the same now and jobs I've applied to are not even reaching 75% of my salary to return to TX.

The reason East Dallas is in trouble is the freeway. Nobody wants to be stuck on I30

So many migrants from CA and NY destroyed our beloved DFW 😢

@michaelwool5960

6 ай бұрын

Yup

@dwi5114

6 ай бұрын

Amen

@PepeToTheMooon

6 ай бұрын

And now they’re gonna be voting against your interests and drive costs up and crime

@davidmack4495

6 ай бұрын

and how did they destroy it?

@michaelwool5960

6 ай бұрын

@@davidmack4495 by driving the housing prices up because they couldn't afford to live in their own city's...

I m waiting for fire sale... Can you also look at San Antonio area?

traffic nightmares that will only get worse once these things are finally bought up at slashed prices

It was absolutely Bonkers. Thanks

Appreciate the DFW update. In Flower Mound and cannot imagine paying these prices nowadays.

Would like to see you analyze Frisco Fields in Frisco (north Dallas). It’s mainly luxury homes by several builders.

A couple of thoughts for your consideration. I have purchased and sold thousands of homes as a realtor/broker, and have purchased 5 homes of my own and sold 4 of them, along with some investment properties selling for 300% or better. We lived in one home for 16 years after retiring from the US Air Force and sold it, making over $500K. We purchased another home and are now purchasing a new one, closing in May 2024. I have learned several key points, but the biggest is that unless you are flipping homes, you need to hold a home for a while before selling it. Also, we are not guaranteed tomorrow, so worry about this, and that will only keep you in the same place forever. Life has changed; the economy goes up and down, and people will buy or sell a home when needed. If you can afford it, buy it; if you can't, don't. It's that simple. I wish you guys luck and hope you prepare for your decision.

BoNkErS! Thanks for the updates. Keeping my eyes open. 💙🌿

I love this format for a citywide review of home price trends. Im in the market to buy in Dallas metro area, and this was a very interesting video. Thanks Travis!

Arlington is not part of Dallas. Arlington is a city that's part of the overall Dallas/Fort worth metroplex. It's a city that host the Dallas Cowboys and Texas Rangers stadiums as well as other entertainment venues like six flags over Texas and water parks.

@edlawn5481

6 ай бұрын

I'm starting to hear people calling it DFWA instead of DFW.

Travis, buddy, we love seeing your face but whrn you showing articles and pics of these model homes, can you kindly move the window with your face over the ads or other place on the screen so we can view/read what you're talking about??? 😮 😎🙏🏼

Thank you so much for covering this. I live in Plano and I've been looking to buy for years but unsuccessful due to the outrageous prices.

@devinrobinson8358

6 ай бұрын

More money wouldn't help you brokie

@devinrobinson8358

6 ай бұрын

You'll never buy a home thinking like that

Where I live in California houses are $300k and minimum wage will get you a $35k salary. With a deposit a couple can easily buy a 1990s home here to get started. It's a great state if you know where to look.

Those Grand Home models arent like what they sell you. Grand Homes are overpriced cookie cutter homes. They have contacted me 4 times in the last 3 weeks. But finally told them Im not interested. But the sales associate seemed really eager to get my business.

@rishianishka3127

6 ай бұрын

Which city?

As a subscriber living in the DFW, this video is super helpful! I’m still trying to wait it out, but this gives me new ideas of where to look. Thanks Travis!

@Dunn_mortgage_advisor

6 ай бұрын

You will never buy if you keep consuming stuff like this

@raspberrysoda341

6 ай бұрын

@@Dunn_mortgage_advisorYou know nothing about my situation. Take your negativity elsewhere.

True. I worked for a luxury home builder before being laid off. We lied every single month about inventory and sales. I know because I ran the reports.

@tobyk5149

6 ай бұрын

lol

@adamnaughty

6 ай бұрын

Yup when I learned about business I see how we humans are not good.we are not interested in helping people unfortunately its all about money

BTW , on your next trip regarding Real Estate, I would love it if you would do at least one segment on Nashville and the surrounding areas. I lived part time in many places out there and my last investment house was absolutely crazy 😜! I bought it about 6 years ago and sold it about 2 years ago. I paid $435K for it and sold it for $778K 😮❗️ I was able to cash out huge and bought a Condo in Mexico with Cash 💵. A year later it was finished and now I’m about to make around $100K on selling it soon. Blessings,Carlos ✝️🙏❤️😊🇺🇸

How can we even do an accurate market analysis with the New builds? Price per sqft? Gut instincts tell me that these New builds may be 40-50% overvalued. How to calculate wedge and leverage??? 🤨

That's my question, how are people offering these mansions, where are they working.

Finally my areas!!

BONKER BONKER FOR SURE!! Thank you Travis great job!

You where near my neighborhood kool !!! I live in Grand Prairie plenty of new inventory here too bad you didn’t see it it’s like crazy here

QUESTION for the long term..which direction good for resale .North??

great job. Bonkers baby

Hey Travis can you do denton please. I might be looking at end of year. Got to overpay for rent for now. Moving next week

I live in Midlothian and new construction homes. On my street have been empty for a year or more. They are tremendously overpriced. The property taxes are absolute insane.

You guys (in Texas) really need to build some mounds and valleys (bulldozers) to get rid of that flat suburban living thing. It looks ghastly.

Just heads up in California they are starting to charge interest on Student loans now. That’s gonna bump up the monthly payment for those.

Could you talk about the best options in Austin, as well as the real estate market?

They only have 100K plus to go in cuts but will eventually get there!

i'll watch every dallas one you do!

Land listings are up, but people are still asking ridiculous prices. I have talked to some investors, and they are offering 4k per acre and hoping to sell at 6k per acre, near the Tyler Area.

Relatives had a house in Texas (Houston) they couldn't _give_ away during a past recession. I kid you not. Texas is not the best place to be in a down market, and that's being real nice when I say that!

Celina is actually pronounced Se-L-I-na. Don't want the locals coming for you 😅

Winchester California has a ton of homes being built. Its insane

the DFW MetroMess! F those property taxes!

4:57 Glenn Heights and Midlothian are not even close lol

are these finished/furnished?

I been monitoring 2 states for two years and houses have been sitting on the market since Oct. Low inventory but they are not moving with price reductions. They all have a long way to go before I even consider it

Here in the Arlington Mandsfield area, new houses are falling apart extremely badly build.

I hate to say but lets get real. These prices are just the new normal. They are not going down. Mabe correct but not drop

Travis, you should host a "Home Shopping with Me" channel. Could be pretty fun.

Dang

Celina= Sa Line A

This is how you realize that prices will probably drop when interest rates drop: Home builders can list only a portion of the structures they’re selling so that they are more likely to get multiple buyers making offers on the same home. They can constantly underlist, and replace each sold home with a listing of another home that was actually already finished. This tool to get buyers to bid up prices against each other can work only when the number of sellers is small. This effect would be nonexistent in a hypothetical city in which all for sale homes are pre existing for sale by owner homes. So as reduced rates brings people back into the market, and as a result the portion of available homes that are new builds decreases, this effect of getting buyers to bid against each other will vanish…

ABSOLUTELY BONKERS.

I would never buy a home built between 2019 to current. You’re just asking for extremely expensive repairs and you KNOW the warranty isn’t worth shit.

@daveblackman816

6 ай бұрын

I bought 2 brand new homes since 2019. No issues. And small repairs that fell within warranty. Just gotta make sure you vet your builder. And always avoid the major cookie cutter brands like Ryan and Lennar.

@HipHopCantSaveMe

6 ай бұрын

​@@daveblackman816Can you advise some good builders?

@RepuBlicOfChaD

6 ай бұрын

2019 is fine, it's 2020 and after to look out for

@JohnJohn-co9yz

6 ай бұрын

@@daveblackman816what kind of repairs for such a new house? Hmmm

Arlington is trashy. Sorry Arlington people. Thats why it’s cheaper😂😂😂

@HumphreyU

6 ай бұрын

Agreed. I’m sure Arlington was really nice in its heyday, but now it’s meh. Funny part is Viridian is directly across from a huge landfill. And that neighborhood has a very high tax rate

@D4x4Bronc

6 ай бұрын

Was a college town and the other half was hood

@sssyria

6 ай бұрын

@@D4x4Bronc still a college town.. full of indians😂

@D4x4Bronc

6 ай бұрын

India got it too? ​@@sssyria

@sssyria

6 ай бұрын

@@D4x4Bronc las colinas, Irving, Arlington & plano..

8:03 I don't get it Now you're telling people to buy at these levels ? Which is it ? Buy now or It's gonna crash ?

@edlawn5481

6 ай бұрын

I think buying now is "catching a falling knife".

Part time realtor here in Houston, any real estate side hustles you recommending to get to a point of being and investor other than wholesaling?

Good video. Thanks. Rock-Wall Suh-line-uh

So your viewpoint has changed to buy now before prices go up? It’s beginning to be so hard to follow your real estate mindset. Prices are still outta whack. Please don’t buy a house because a builder is “slashing prices.” It’s just a marketing ploy in the midst of the pile of garbage of a market we’re in.

so that's where Hank Hill lives

@realestatemindset

6 ай бұрын

😭😭

Hey

Sorry to break it to y'all but if prices have not came down in the last 5 years why would prices go down now? 4% unemployment? Homeowners have rates under 5% or lower and working at home. Commercial properties have never affected residential homes nationwide only when companies want to buy them to demolish them. Only 10% unemployment will make prices go down. Rates cut will temporarily create some opportunities however it is risky. It requires having an existing home and a cheap place to stay for a few months after selling. Also, blinds and curtains help when looking into neighborhood's rooms 😂.

I actually love Dallas. I'm so glad prices have never really skyrocketed in the Dallas/Forth Worth area!

@Ziplock95

6 ай бұрын

uh, they HAVE skyrocketed. did you see these homes? they are 100-150k overpriced!

THANK YOU FOR DOING DALLAS MY HOMIE!

Omg buy buy buy!

@HipHopCantSaveMe

6 ай бұрын

​@LesHomWe are just getting started! Huge price decreases coming up

@mattalonzo2958

6 ай бұрын

@@HipHopCantSaveMe The need to be a third of the price, or they won’t sell in this economy

first 👍

He's obviously not from Dallas.stop talking about places your not from .

DFW is thriving. Texas is thriving. There will be no crash. Mark my words....all this video is is theater for the masses and clicks and views...

@tobyk5149

6 ай бұрын

oh sure Danko the bubble will correct in other places but not DFW. Keep dreaming pal. The same BS was being said by the sheeple, realtors, investors and MSM in Phoenix, Vegas, Califormia back in 2006-2007 and by 2008 they had to face reality. You may have not been old enough to understand it or even pay any attention to anything outside of Texas which was not affected by that housing bubble and ensuing price corrections

All these 2021 and 2022 know-it-alls... most underwater now.