The Housing Bubble

[SpringTX]

The market here is far from slow.  It is just not growing by leaps and bounds as it did in the past.  Also, prices are not rising as fast as in the 98-02 years, as previously stated.  So there is not that buzz about it.  But, the numbers are still substantial, far higher than the 1980 boom years, for example.

<{POST_SNAPBACK}>

Here's a quote from http://www.uh.edu/admin/media/nr/2005/05ma...conrecvry.html:

"While Houston

[RedScare]

The economy was supercharged in the late nineties, pushed by the dotcom stocks. The first stock hit occurred in March 2000. By early 2001, a recession had set in. This cooled off prices in Houston, at least, but low interest rates kept new construction and existing home sales going. It hasn't slowed yet.

[SpringTX]

This cooled off prices in Houston, at least, but low interest rates kept new construction and existing home sales going.  It hasn't slowed yet.

<{POST_SNAPBACK}>

See my edited post above.

[SpringTX]

Ok, maybe our home values are growing slightly - here's an article that appears to support that:

http://www.realestatejournal.com/buysell/r...-blueprint.html

I think it's safe to say that we're either flat, or growing slightly, as you say, and not booming like in the past. And if the bubble bursts, we'll slow down a little more, but won't collapse.

[RedScare]

Hey, no fair changing your post after I already responded.

[SpringTX]

Hey, no fair changing your post after I already responded. 

<{POST_SNAPBACK}>

That seems to come in handy on occasion when I realize I completely missed the boat on something...but only if there appears to be time for me to quickly "re-write history" and hide my blunder before the masses notice.

[jm1fd]

The economy was supercharged in the late nineties, pushed by the dotcom stocks.  The first stock hit occurred in March 2000.  By early 2001, a recession had set in.  This cooled off prices in Houston, at least, but low interest rates kept new construction and existing home sales going.  It hasn't slowed yet.

<{POST_SNAPBACK}>

Yes, but those same conditions continue to fuel the housing markets on either coast....why'd we stop/slow?

[RedScare]

From what I've read, those cities with white hot prices have little room for new housing in desirable areas, pushing up prices. There is also speculative buying pushing up costs. Places like Houston and Dallas have lots of room in all areas for new construction, keeping things reasonable.

[RedScare]

Interesting opinion suggesting why we all should be concerned about the housing bubble.

http://www.chron.com/cs/CDA/ssistory.mpl/e...outlook/3308601

[pineda]

NUMBERS POP HOUSING BUBBLE TALK

COLLEGE STATION, Texas (recenter.tamu.edu)

[bigguy]

I just left Nevada for fear of a bust . Cashed out big time . SCL is super compact lot costs less to build that way . Watch Las Vegas when the water runs out that baby is a time bomb .All the major earth movers have sold out or pulled out already .The only earth being moved is for hwy upgrades and the last big job will be coyote springs about 35 miles north of vegas on old Dyna Jet land . You cant keep building homes if you dont bring in new jobs to go with them . Once the building stops so do the paychecks and you have Houston via 1984 . Anyone with the money has probably already purchased a new home as they were cheaper than rent due to low interest rates . As the market turned south people started to invest in realestate but Las Vegas will raise property taxs 3% for home owners and 8% for speculators this year . Las vegas is a false economy as very few jobs were created outside the building trades . So what can I build for you , how many new development s does Houston and the area in general have going on 300 , 400 ???????? Houston seems to be going a slower pace starting new construction as standing inventory turns . Thus lower exposure to the bubble . And more realistic pricing . Just my thoughts .