New Home FIRE SALE in Houston TX | This is CRAZY

New Home FIRE SALE in Houston TX | This is CRAZY

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0:00 - Intro
0:48 - Houston Stats
2:13 - Houston Tour Map
3:18 - Missouri City, TX Sienna Subdivision
4:50 - Active Construction Sienna Subdivision
5:59 - $101,000 Price Cut
7:23 - Sales Office Sienna Subdivision
8:25 - Fulshear, TX Cross Creek Subdivision
9:53 - Active Construction Cross Creek Subdivision
11:32 - $95,000 Price Cut
12:32 - Sales Office Cross Creek Subdivision
13:57 - Magnolia, TX Audubon Subdivision
14:55 - Active Construction Audubon Subdivision
16:34 - Sales Office Audubon Subdivision
17:11 - Houston Demographics and Foreclosures

Data Source:

#HousingMarket #HousingMarketCrash #MortgageRates
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2261 Northpark Drive #2118
Kingwood, TX 77339

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[ericheatmiser]

100k off a 800k home isn't a big discount. Those homes need to drop another 300k to be reasonable. This IS NOT a FIRE SALE. 😆

[fusion]

Them houses are still over priced with a $100, 000 price cut

[STXLoneStarLiving]

I used to live in this area, your daily commute involves running toll roads and if you work downtown it's an hr and a half drive daily with no wrecks or rain.

[statewench]

This is Texas and living on top of the neighbors is a NO GO for me. I'd rather buy a 1/2 Acre and custom build for that $700, 000

[julianospina]

Eyy Travis, There are some new constructions on Katy that the builder did not compact the ground. So everytime that rain, the backyard become mud. Last weekend this becomes more evident because the storm. All fences went down because the ground on the pickets were not compacted enough.

[maryp]

Those prices are way too high! Even with the $100K-$200k deductions. Those homes used to be $200-$400K pre pandemic

[OneOut]

Flood zones in certain areas of Houston do exist. Hail is not a problem. Traffic is.

[sandrajohnson]

My old house 🏡 at 944 Dorothy in the Historic Heights sold for over 500, 000. years ago and the Craftsman was torn down now a 2 story monstrosity now occupies its lot….Amazing how much a piece of property can go up in value over the years 😳

[kvanly]

These homes are too close to each other, and the wood fences are ugly. The prices need to come down 30% more.

[TheDnlnext]

Another thing that I think will affect the housing market is 1) oil & gas prices 2) oil and gas company mergers. The mergers come with job cuts redundancy. I’m an engineer and been in the industry for over 20yrs and we see that down cycle starting. Brace for impact! Yes, I know that Houston has broad industry. However, oil and gas has a massive domino effect 🤷‍♂️

[LeoGains]

I bet these houses wouldn’t have been priced at $400k back in 2012 when I moved to HTX. Inflation on display here. They need to keep discounting for these overpriced homes. Unless you can pay cash or pay it off fast within 5 years it is a debt trap.

[yntvpwu]

Idk, 100 off a 700k home seems like no big deal to me.

[hood]

Something seriously wrong is happening in Houston, they are also laying off boatloads of teachers.

[CynthiaArmstrong]

People want to live closer to the city. Those prices are so high, my family has to rent to live in those “desirable” areas. The areas you highlighted are far-flung in the boonies with zero urban amenities. I appreciate your effort to bring to light that homes in the boondocks, post pandemic are not attractive to people and young families. We bought our home in the Energy Corridor and we were in a bidding war with 8 people. Location, location, location.

[kylerooney]

I make over six figures easy. I would never pay over 180k in TX. I'm planning on buying in cash and skipping the mortgage after the economy falls on it's ass after the elections.

[susanemig]

These builders deserve to loose big bucks. It’s sickening how they cram those huge houses on top of one another. Nothing but greed. I’ve lived in a lovely subdivision in the Woodlands for 35 years. We have huge yards & nice wide streets. And my 35000 sq ft house has quadrupled in value since we purchased it. It’s all inflation which is just about to bring the entire economy down. Fiat currency has ruined the lives of the middle class

[christiansantos]

Stucco is the worst exterior cladding for the rainy, hot and humid weather in Houston.

[balloonhead]

I live in magnolia, all those new neighborhoods are having water issues too. They are building the communities too fast and the infrastructure cant keep up. People in those neighborhoods were getting like 1500 dollar water bills. It made the news, the mayor said they wouldnt turn anyones water off until it got resolved but they did it anyway. Beware if your gonna move to magnolia. Im looking at the existing home market in the area. Thanks for the info!!

[ernestoramirez]

Jobs are now starting to get harder to come by. People moving here believing there are lots of jobs yet Texas is also way overhyped and overpriced.

[gt]

It's wild to pay that much money for a place with zero large trees.