Real Estate Market

[Kleeeniks]

What are you seeing in your area? Lots of homes for sale over 60 days on Zillow and Trulia where I live. Lots of Reduced homes from 25 to 50 thousand off the original price and still not selling. Lots of uncertainty going forward with rising interest rates. Texas may better off than the rest of the country for now, but that will not last forever. Still seeing a lot of spec homes being built which surprises me. Our builder we used 5 years ago probably has 20+ house completed or in progress right now. When is this train going to run out of gas??

[JoeIskor]

Thanks for the information.

[ZoeHillo]

There were many speculations and predictions about the real estate market going down. However, I don't think there will be a significant change in the future years. Firstly, people always need a place to stay and would like to change this place from now on. Also, the population is increasing, and people will hunt for new houses. Moreover, there are a ton of projects that allow you to exchange your previous home for the current. I learned how 1031 exchanges work and even used it twice. I cna guarantee you it's not over for the real estate market.