Houston Homes and Rentals

The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report. In the report, home prices are compared both regionally and by state. Based on the latest numbers, if you plan on relocating to another state, waiting to move may end up costing you more! Alaska, Delaware, West Virginia & Wyoming were the only one states where home prices are lower than they were last year. Houston Real Estate Agent Houston Realtor Houston Real Estate Agent Houston Realtor ,  Houston Real Estate Agent ,  Greater Houston Heights Realtor ,   Greater Houston Heights Homes ,  Greater Houston Heights Realtor ,  Greater Houston Heights Real Estate Agent ,  Greater Houston Heights Homes  

The success of the housing market is strongly tied to the consumer’s confidence in the overall economy. For that reason, we believe 2017 will be a great year for real estate. Here is just a touch of the news coverage on the subject. HousingWire : “Consumers’ faith in the housing market is stronger than it’s ever been before, according to a newly released survey from Fannie Mae.” Bloomberg : “Americans’ confidence continued to mount last week as the Bloomberg Consumer Comfort Index reached the highest point in a decade on more-upbeat assessments about the economy and buying climate.” Yahoo Finance : “Confidence continues to rise among America’s consumers…the latest consumer sentiment numbers from the University of Michigan showed that in March confidence rose again.” MarketWatch : “U.S. consumers are the most confident in the U.S. economy in 15 years, buoyed by the strongest job market since before the Great Recession. The survey of consumer confidence rose…ac

If your house no longer fits your needs and you are planning on buying a luxury home, now is a great time to do so! We recently shared  data  from  Trulia’s Market Mismatch Study  which showed that in today’s premium home market, buyers are in control.  The inventory of homes for sale in the luxury market far exceeds those searching to purchase these properties in many areas of the country. This means that homes are often staying on the market longer, or can be found at a discount. Those who have a starter or trade-up home to sell will find buyers competing, and often entering bidding wars, to be able to call your house their new home. The sale of your starter or trade-up house will aid in coming up with a larger down payment for your new luxury home. Even a 5% down payment on a million-dollar home is $50,000. But not all who are buying luxury properties have a home to sell first. In a recent Washington post  article , Daryl Judy, an associate broker with Washington Fine

Self-made millionaire David Bach was quoted in a  CNBC  article  explaining that  "the single biggest mistake millennials are making"  is not purchasing a home because buying real estate is  "an escalator to wealth.” Bach went on to explain: "If millennials don't buy a home, their chances of actually having any wealth in this country are little to none. The average homeowner to this day is 38 times wealthier than a renter." In his bestselling book,  “The Automatic Millionaire,”  Bach does the math: "As a renter, you can easily spend half a million dollars or more on rent over the years ($1,500 a month for 30 years comes to $540,000), and in the end wind up just where you started — owning nothing. Or you can buy a house and spend the same amount paying down a mortgage, and in the end wind up owning your own home free and clear!" Who is David Bach? Bach is a self-made millionaire who has written nine consecutive  New York Times  b