Does This Mean That It Is Too Late To Buy In Houston

Category: Finance, Real Estate.

Property investors might have been missing out on something going on in Houston the last few years. Most of the top homes for sale in Houston have retained most of their market value, and having property in Houston has definitely made a few investors feel safer over the past few months.

While most of the country has been languishing in a housing crisis prices in and around Houston have remained relatively stable. Does this mean that it is too late to buy in Houston? The current crisis brought on by changes to the subprime lending legislation changes has resulted in a slight decrease in home sales in the area in the mid- range bracket, but this has left many of the top homes for sale in Houston untouched. Definitely not, because while property prices in this area might be a little on the high side you are also buying the security of knowing that your investment will retain its value even throughout the most trying market conditions. Houston itself is second on CNN s list of best new places to live in Texas, and is on the top ten of it s" best new places to live in USA" list as well. These ratings reflect positively on the property market, and are a good indication of future stability and growth. This is largely due to the state of the property market, and the fact that you can buy large, high quality homes in Houston for reasonable prices.

The reason that the low- range houses( those between$ 80, 000 and$ 140, 000) have been so badly affected in terms of sales is because these are the homes most commonly purchased with money from sub- prime mortgages. This is not exactly a pity, because it is creating buyer demand for the top homes for sale in Houston, as well as for some of the smaller homes that are being developed as part of larger planned developments. Since these mortgages are more difficult to come by since the legislative changes took place, many potential buyers are unable to find funding to purchase new homes. This is in turn creating healthy seller competition, and agents are doing their best to get everybody the best deals possible whether they are entering the market or leaving it. Buyers are getting the upper hand slightly in that certain sellers are becoming more eager to sell as they fear the coming housing crisis. There is no such thing as a win- lose sale in Houston at the moment, as home sales are working out equally fairly for buyers and for sellers.

However, local property analysts claim that there is very little to fear, and you will do equally well by selling your home in Houston at the moment, or hanging on to it for a year or two. The suburbs of Houston are especially safe for children, and many of the schools in the area have been given incredibly positive ratings by independent school evaluators and parents alike. If you are looking to buy this lull in home sales presents a perfect opportunity to buy one of the top homes for sale in Houston for a little less than you would have paid a few months ago. Whether you are looking in the lower price brackets or the upper limit of luxury homes you can usually find some good buys in desirable neighborhoods. Investing in Houston real estate is almost always a good idea, but recent developments have created some interesting opportunities for savvy investors. An investment forecast for most of the top homes for sale in Houston looks promising, with homes returning anywhere from 9- 21% depending on location, age and several other factors.

Anyone looking to buy property in the greater Houston area would do well to keep their eye on the listing, as well as taking a drive around the area to see if there are any bargains that nobody has caught on to yet.

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