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Is Now a Good Time to Rent?

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People often ask if now is a good time to buy a home, but nobody ever asks when a good time to rent is. Regardless, we want to make certain that everyone understands that today is NOT a good time to rent. The  Census Bureau  recently  released  their 2017 first quarter median rent numbers. Here is a graph showing rent increases from 1988 until today: As you can see, rents have steadily increased and are showing no signs of slowing down. If you are faced with making the decision of whether or not you should renew your lease, you might be pleasantly surprised at your ability to  buy a home  of your own instead. Bottom Line One way to protect yourself from rising rents is to lock in your housing expense by buying a home. If you are ready and willing to buy, let’s meet to determine if you are able to today! Simplifying The Market Find Out Your Home's Value For Free! Hoston Homes And Rentals Houston Realtor Leslie Don W...
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Gallup: Real Estate is Best Long-Term Investment 4 Years Running

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Every year,  Gallup   surveys  Americans to determine their choice for the best long-term investment. Respondents are given a choice between real estate, stocks/mutual funds, gold, savings accounts/CDs, or bonds. For the fourth year in a row, Real Estate has come out on top as the best long-term investment! This year’s results showed that 34% of Americans chose real estate, followed by stocks at 26%. The full results are shown in the chart below. The study makes it a point to draw attention to the contrast of the sentiment over the last four years compared to that of 2011-2012, when gold took the top slot with 34% of the votes. Real estate and stocks took second and third place, respectively, while still in recovery from the Great Recession. Bottom Line As the real estate market has recovered, so has the belief of the American people in the stability of housing as a long-term investment. Simplifying The Market Find Out Your Home's Value For Free! ...
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Looking to Move-Up to a Luxury Home? Now’s the Time!

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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 associat...
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