Rhome TX - is it an up and coming location? (Dallas: sales, real estate)

[JlkajwlNsn]

Hi,

Anyone know or think if Rhome TX will be an up and coming and growing location with appreciated home values and shopping or will the grow to be slow?

Will Haslet, Justin have better appreciation and growth? Will Rhome be the new place to be for that area?

Would it be easy to find people who would want to move to Rhome?

[escanlan]

Originally Posted by JlkajwlNsn

Hi,

Anyone know or think if Rhome TX will be an up and coming and growing location with appreciated home values and shopping or will the grow to be slow?

Will Haslet, Justin have better appreciation and growth? Will Rhome be the new place to be for that area?

Would it be easy to find people who would want to move to Rhome?

Anything is possible but these I don't believe are fast growing and would be off a ways if at all. Most growth is happening to the North, East, and South of Dallas. Not really a large draw to Fort Worth yet.

[Leonard123]

I really don't think you're going to find what you are looking for in north Texas the way it used to be. New construction is a poor investment in most cases simply due to the exponentially growing price gap between new and existing homes and current development patterns. If you want a new house, that's fine, but don't count on it for appreciation. That's not to say it won't, but it's highly unlikely we'll ever see anything to drive it. New construction is only going up in price so quickly because of a sudden mass influx of immigrants from India who want nothing but.

[Mattl1979]

Rhome is really far out. I know the sales in Reunion are definitely hurting. It's also somewhat blue collar out there. I believe those living there have their kids attend the worst rated schools in the district. Not sure if either is an issue for you. Haslet and Justin will be better options for sure. Check out Sweetgrass, although last I've seen, it is a 3.1% tax rate with the PID, which is high for DFW. Justin has Wildflower Ranch but I think the builders are sold out for until the new phase opens, except for the remaining spec homes. Rhome might be a better option like 4-5 years from now.

[Threestep2]

Originally Posted by Leonard123

I really don't think you're going to find what you are looking for in north Texas the way it used to be. New construction is a poor investment in most cases simply due to the exponentially growing price gap between new and existing homes and current development patterns. If you want a new house, that's fine, but don't count on it for appreciation. That's not to say it won't, but it's highly unlikely we'll ever see anything to drive it. New construction is only going up in price so quickly because of a sudden mass influx of immigrants from India who want nothing but.

Please slow down a bit.
Haslet was a nice and sleepy town until Amazon moved in and Alliance expanded. Real estate prices tripled. We had one Indian dot couple in our neighborhood. Both extremely well educated and employed.
Would you mind to expand a bit on your half finished sentence about sudden influx of immigration from India who want nothing but?

[ChristieP]

Rhome is a long way out there, and far from any job centers other than Alliance area. The only highways are 114 and 287, and they get really busy during peak times.

[tmtex]

I drive through that area almost every weekend. Justin is up and coming. Many neighborhoods starting to be built. Cant tell yet but looks to be more of beginner homes. Also if it bothers you, there is heavy train traffic in Justin and parts of Rhome.

[Leonard123]

Originally Posted by Threestep2

Please slow down a bit.
Haslet was a nice and sleepy town until Amazon moved in and Alliance expanded. Real estate prices tripled. We had one Indian dot couple in our neighborhood. Both extremely well educated and employed.
Would you mind to expand a bit on your half finished sentence about sudden influx of immigration from India who want nothing but?

It's simple. They only want new houses. They are buying up the vast majority of new neighborhoods being built. They won't buy existing homes, especially if they aren't recently built. Whether well-educated and employed isn't the point, but I'm not going to get on my soap box about that here.

[callmebutter]

in addition to wanting new or like new, many will only consider north facing and east facing only. that takes away half the homes on the market.

new home builders can also offer rate buydowns/reductions/ARM's that an existing home cannot. saving 2% on an interest rate those new homes will continue to be appealing even if further out.

i think it will be years before Rhome is anything as others have stated.

[Threestep2]

Originally Posted by Leonard123

It's simple. They only want new houses. They are buying up the vast majority of new neighborhoods being built. They won't buy existing homes, especially if they aren't recently built. Whether well-educated and employed isn't the point, but I'm not going to get on my soap box about that here.

You are back on your tread mill about old houses, small cars and cubby hole rooms:>)
There is a segment of Indian dot buyers but they are not buying up the vast majority of new homes in the DFW market.