Houston is a seller's market, with prices higher than last year. Despite homes spending more time on the market this fall than during the summer, prices remain high, giving sellers an advantage. According to the Houston Association of Realtors (HAR), a 40-month supply is considered a balanced market. With the current housing shortage and Houston's large geographical area, buying a home can be a difficult task.
After Hurricane Harvey, many saw an opportunity to buy damaged homes at a lower cost. Other types of housing that are common in Houston include large apartment complexes, duplexes, townhomes, and homes converted to apartments. Jennifer Wauhob from HAR told Craig Cohen of Houston Matters that even though home sales have declined, home prices have not. Before making an offer on a home, it is important to verify that a lender has pre-analyzed your finances and has approved a high probability of lending you the money you need.
It is also wise to consult with an investment advisor who can help you create a personalized portfolio of turnkey properties in Houston. Investing in real estate can be a great way to make money and build wealth. However, it is important to understand the risks involved and take steps to minimize them. We can help you succeed by minimizing risk and maximizing the return on your investment property in Houston.
The Zumper Houston metropolitan area report analyzed ads active last month in metropolitan cities to show the most expensive and cheapest cities and cities with the fastest-growing rents. The Houston metropolitan area offers great opportunities for investors looking for a stable market that offers both cash flow and stock growth at a price that is still well below its replacement value. Therefore, in the long term, the Houston housing market remains leaning towards sellers due to an imbalance in supply and demand. In the last twelve months, the value of homes in the Houston metropolitan area has appreciated 14.7% according to the Zillow Home Value Index.
Houston Public Media is supported by donations to the Houston Public Media Foundation and is licensed by the University of Houston. When looking for real estate investment opportunities in Houston or anywhere else in the country, it is generally accepted to buy a property that provides you with a modest but minimum return of 1% on your investment.Investing in real estate can be a great way to make money and build wealth over time. However, it is important to understand all of the risks involved before making any decisions. It is also important to do your research and consult with experts who can help you make informed decisions about investing in real estate in Houston or anywhere else in the country.
With careful planning and research, investing in real estate can be a great way to build wealth over time.