Good News, First-Time Home Buyers: Houston Housing Market Remains Strong

Relocating-to-Houston TexasFor first-time home buyers considering Houston as their city of choice, the outlook is good. According to the Houston Business Journal, Houston has been named one of the top real estate markets to watch throughout the US.

That’s right – Houston has risen from its number 8 slot just one year ago to rank at number 5 as job opportunities surge in the energy industry. In fact, most of the home buying opportunities in Houston are located in the industrial area of the city.

Single Family Home Sales Rise

The Houston Association of Realtors recently reported that sales of single family homes have increased by 8.7%. For sellers in Houston, this provides the perfect occasion to sell a home at a reasonable or even lucrative price. Yet depending upon the neighborhood, buyers may find housing inventory limited and prices competitive.

The average price of a single family home in the city has risen 6.1% to $165,000. This is a comparable median price to other homes in the South averaged at roughly $163,600. But compared to housing in the West with a median price of $246,300, it is a steal of a deal. Average housing prices in the Northeast remain at $238,700.

House prices in Houston are expected to stay stable but may increase in certain areas of the city. Compared to other poorly performing regions of the country in Florida, California, and Nevada, Houston remains a prosperous city with ample room for growth.

Is It a Good Time to Buy a Home in Houston?

Even though the real estate market continues to remain stagnant in other areas of the country, it’s plain to see that the Houston housing market is stable. For many first-time home buyers, buying a house makes the most sense as rental vacancies lessen throughout the nation. This is causing rental prices to rise, making the cost of a home purchase a financially sound decision.

Since a home is an investment, the amount of money paid on a mortgage will be put toward the value of a property instead of poured down the drain each month on rent. If you’re planning to stay in one neighborhood for several years, buying is an ideal choice to provide more value for your investment as the housing market in Houston continues to remain strong.

Helpful Tips for First-Time Buyers in Houston

If you’re a first-time buyer looking for a home in the Houston area, you can count on finding a property at a reasonable price.

Experts recommend checking the sales prices of numerous homes in an area to provide a general guideline of how much you can expect to pay for a property. Of course, these prices will vary based on location, size, and amenities. When creating a budget for your new home, it’s also critical to factor in extra expenses, like Houston movers fees, cost of new furniture, and yearly property taxes.

Last but not least, communicate with your realtor about how much you can expect to pay in closing costs. In some cases, a seller may cover these expenses; otherwise, you’ll pay for closing out-of-pocket, adding to your total housing down payment.

Written by Julie Davis, a freelance writer currently writing out of Texas for Square Cow Movers.


Are you are in the process of relocating to Houston, but don’t know where to begin?  I will provide that much needed help with your move…from comprehensive relocation kits, home buying assistance, area tours and overviews, customized neighborhood comparisons, interim housing and leasing, to school information. Please call today and let’s get started!

Michelle Sturdevant, 713 572-5308,
Houston’s Relocation Specialist

Michelle Sturdevant Realty Group

Categories: Relocating to Houston, Texas

Tags: , , , , ,

4 replies

  1. Excellent goods from you, man. I’ve understand your stuff previous to and you’re just extremely great.
    I actually like what you’ve acquired here, certainly like what you are stating and the way in which you say it. You make it enjoyable and you still care for to keep it sensible. I can’t wait to read far
    more from you. This is really a tremendous web site.

  2. What i don’t realize is in fact how you’re no longer actually much more neatly-favored than you may be now.
    You’re so intelligent. You recognize thus considerably in relation to this topic, made me for my part imagine it from so many varied angles. Its like men and women are not fascinated until it is something to accomplish with Girl gaga! Your own stuffs outstanding. Always maintain it up!

  3. May I simply say what a comfort to discover somebody that
    genuinely knows what they’re talking about over the internet. You actually know how to bring an issue to light and make it important. More people have to look at this and understand this side of the story. It’s surprising you aren’t more popular because you surely have the gift.

  4. Unquestionably believe that which you stated.
    Your favorite justification seemed to be at the net the easiest thing to be mindful of.
    I say to you, I certainly get annoyed while other
    people consider concerns that they plainly don’t understand about. You controlled to hit the nail upon the highest and defined out the whole thing with no need side effect , folks could take a signal. Will probably be back to get more. Thank you

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: