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Jun 15, 2021
7:45
:30
am
BeyondTheMark
All-American
Real estate hasn't cooled in Austin area yet, but we're having a real growth boom
so I don't think prices will come down here at all and continue to appreciate. Percentages haven't climbed as fast as they have in Utah though.
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BeyondTheMark
Previous username
AtlantaMark
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BeyondTheMark
Joined
Aug 20, 2001
Last login
Jun 17, 2024
Total posts
15,481 (225 FO)
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Messages
Author
Time
Lumber prices dropped 41%, real estate cooling down?
BYUfan92
6/15/21 7:37am
Lumber hoarders are now selling due to drop. That should further help supply.
SweetBabyG
6/15/21 7:42am
This. Surprised how many Facebook ads are popping up trying to sell lumber
PKCoug
6/15/21 8:13am
Once inventory expands and interest rates increase, then it will get back to
idacoug
6/15/21 7:42am
I don't think we'll see much of an expanding inventory in desirable areas.
Shore10
6/15/21 8:02am
Please keep dropping, at least for a few another 4-6 weeks!!!!
TheLoneCougar
6/15/21 7:44am
I talked to the assistant super intendent of Flagship homes in Eagle Mtn.
RockyBalboa
6/15/21 7:44am
So they will complete the home before listing it? No option to buy and add
JohnnyC
6/15/21 7:54am
As of now that's my understanding.
RockyBalboa
6/15/21 7:55am
Interesting. I live in the Silver Lake area.
JohnnyC
6/15/21 8:02am
Hopefully they can find some chlorine for the pool!
RockyBalboa
6/15/21 8:14am
We only used it once since it open.
JohnnyC
6/15/21 8:16am
A lot of big homeowners have moved this way. It takes so much more time and
cougarfann888
6/15/21 7:57am
Yeah but the margins are a lot bigger when you can customize and tack that on
Iman23
6/15/21 8:01am
I talked to one of the huge builders. And they actually said the opposite
cougarfann888
6/15/21 8:10am
This. Much easier and usually better financially. If they don't like it they can
Druick
6/15/21 9:28am
Actually with increasing market prices margin is maximized by delaying
Bin01015
6/15/21 9:07am
My Dad and Bro are builders in Az and thats how they do it.
Druick
6/15/21 9:27am
In Daybreak most (if not all) builders have gone spec only.
Junior Deputy
6/15/21 8:04am
Real estate hasn't cooled in Austin area yet, but we're having a real growth boom
BeyondTheMark
6/15/21 7:45am
And I hope lumber keeps going down- I have a fence to put in!
BeyondTheMark
6/15/21 7:46am
Do vinyl!
BYU Grounds
6/15/21 5:38pm
Wouldn't match the rest of the fencing or anything else in the neighborhood. Pretty sure the association
BeyondTheMark
6/16/21 7:44am
What is your area? The areas I've followed in Utah at least haven't shown any
RdF3
6/15/21 7:49am
North Phoenix, about 10 minutes from the LDS temple
BYUfan92
6/15/21 8:12am
The 3 homes listed in my neighborhood in north Utah county haven’t sold and have
Chefcurry
6/15/21 7:51am
Listed above $1mm I’m sure?
RdF3
6/15/21 7:54am
Yes all 3. Just a few months ago every home listed was getting 10+ offers. So
Chefcurry
6/15/21 7:59am
I’ve seen several houses drop prices in St George, but then again they were
Nat Gas Man
6/15/21 8:08am
Only places like Highland and Alpine have cooled down. The rest of the county
O Gaucho
6/15/21 10:06am
I’m in highland so yea that makes sense
Chefcurry
6/15/21 10:38am
CB told me two weeks ago that Utah will never slow down nor will prices drop!
Iman23
6/15/21 8:03am
No it didn’t.
Junior Deputy
6/15/21 8:06am
Not sure, as mentioned, I live in AZ, so I'm curious about other markets....
BYUfan92
6/15/21 8:11am
I don't see the Utah County, South Salt Lake County markets cooling anytime ...
BYU Grounds
6/15/21 8:28am
Sower growth is very different than a significant correction
DC12
6/15/21 8:29am
I don't remember seeing anyone say this
Gente_Boa
6/15/21 9:27am
Not slowed down, just supply finally made up ground....
ABN RGR
6/15/21 8:12am
Considering that Biden just shut down the tariffs on EU products for five years
Nat Gas Man
6/15/21 9:11am
Please do. Not for any good or politically responsible reason. Purely selfish
PKCoug
6/15/21 10:32am
Lumber prices are still 3x what they usually are, and 50% above the all time
MyTwoCents
6/15/21 2:52pm
Now if we could just get some rain, life would make sense again.
MrClark
6/15/21 4:14pm
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