@@ProudFatherofTwo save money pay cash… are you kidding? If a house that’s going for 350$ down to $250 you can pay that off in 5-10 years. That’s a huge W
Only HCAD is claiming that home / property prices are up in Houston over the past year. Nobody else is. Same with rents. I own apartment all over town and my rents are still essentially what they were in 2016--right before the oil price collapsed. Haven't increased a penny since then--and trust me, I've tried. Also, my vacancy has never been higher... in over 30 yrs. Don't believe the hype.
Want rude awakening? The average price of home in Houston is 340,000 dollars. Can you afford this? Here's the rule of thumb...you can afford a house if price is equivalent to roughly 2.6 years of your household income. Do math. Average income in Houston is 30,438 dollars...this (theoretically) will get you "home" with price tag of 79,138 dollars. Take into consideration your other living expenses, factoring inflation on food, services, and shelter continue to rise as US Dollar continues to be de-valued by American government, as national debt approaches 34 trillion dollars and nearly 213 trillion dollars in unfunded liabilities. Average American has 7,951 dollars in credit card debt, 1200 in savings (not me), and spends 119 dollars per month on cellphone service. Good luck.
Avg. single family home price is $412,161 and median price is $330,000. If you make $70,000 - $80,000 and have no revolving or installment debt, you can afford that at the current interest rates. Also city of Houston has a grant for $50k to buy a house. There are other assistance programs as well with income restrictions as high as $117,000. Buying a home is much more doable than most think.
Been looking into Texas lately and some areas 10sq miles have 100+ new home builds. Sitting with just a few pending. Turn on all home and close to 1000. Idk if I agree with this video. The market is looking like a bankruptcy storm is coming. Plus election year might freak some people out.
Depends where you’re buying. You’re not finding anything dropping around westheimer, galleria area , spring branch, bunker hill and memorial area. That markets has kept going up constantly. I see Alief is going to be the next hot spot, I’ve drove on some neighborhoods of Alief and have seen a lot of demolished homes to be built brand new large homes because of the large lot.
There have been people saying the market is going to crash since 2016. It is 2024 and still no crash. Before 2008, there had never even been a housing market "crash". It likely won't happen again for a long time.
Considering the current economic state I’d say wait till we have another president in office, and they do something about the crime rate. Don’t believe it
I still ain’t buying a house, it cost too much and I make decent money. Until gas, groceries, car insurance, credit card interest and auto loans go down I will rent.
You heard it here first folks: salesman says "it's time to buy". Take a look at the history of home values- go ahead, I'll wait. Now, where do you see it ever being flat for any extended period? Only two places, really- the crest, and at the bottom of the trough. Prices have been falling for over 2 months now. If you bought when this junk was published, you'd have paid more at closing, and more in interest rates. I'll not be tuning into KPRC ever again.
Prices are going down and inventory is increasing, especially new builds. Price decrease is more important than interest rates.
Thats a dumb comment nimo. By that logic, they could price a house 50% lower but with 50% increased apr
@@ProudFatherofTwohe doesn't know
According to what data?
@@ProudFatherofTwo save money pay cash… are you kidding? If a house that’s going for 350$ down to $250 you can pay that off in 5-10 years. That’s a huge W
Don’t forget property taxes
You can't have a housing market with overpriced homes and high interest rates! Greed with the builders will cause the market to crash again.
Amen!!!! Texas,is a greedy state.
They say the same crap every year do you think they are going to tell us the truth? Cmon man.
With taxes so high, no way. Not smart to buy now.
Look at McAllen Texas. Looks like an evacuation 🎉😂 So many homes for sale.
@@standback5806 taxes are about $2800 per 100k per year. X2 places like Ohio and Indiana
Only HCAD is claiming that home / property prices are up in Houston over the past year. Nobody else is. Same with rents. I own apartment all over town and my rents are still essentially what they were in 2016--right before the oil price collapsed. Haven't increased a penny since then--and trust me, I've tried. Also, my vacancy has never been higher... in over 30 yrs. Don't believe the hype.
Want to sell?
Want rude awakening? The average price of home in Houston is 340,000 dollars. Can you afford this? Here's the rule of thumb...you can afford a house if price is equivalent to roughly 2.6 years of your household income. Do math. Average income in Houston is 30,438 dollars...this (theoretically) will get you "home" with price tag of 79,138 dollars. Take into consideration your other living expenses, factoring inflation on food, services, and shelter continue to rise as US Dollar continues to be de-valued by American government, as national debt approaches 34 trillion dollars and nearly 213 trillion dollars in unfunded liabilities. Average American has 7,951 dollars in credit card debt, 1200 in savings (not me), and spends 119 dollars per month on cellphone service. Good luck.
I will never be able to get a house 😭
Good could bless you beyond measure 🙏🏾🙏🏾@@Lighthouse6104
Avg. single family home price is $412,161 and median price is $330,000. If you make $70,000 - $80,000 and have no revolving or installment debt, you can afford that at the current interest rates. Also city of Houston has a grant for $50k to buy a house. There are other assistance programs as well with income restrictions as high as $117,000. Buying a home is much more doable than most think.
Been looking into Texas lately and some areas 10sq miles have 100+ new home builds. Sitting with just a few pending. Turn on all home and close to 1000. Idk if I agree with this video. The market is looking like a bankruptcy storm is coming. Plus election year might freak some people out.
Depends where you’re buying. You’re not finding anything dropping around westheimer, galleria area , spring branch, bunker hill and memorial area. That markets has kept going up constantly. I see Alief is going to be the next hot spot, I’ve drove on some neighborhoods of Alief and have seen a lot of demolished homes to be built brand new large homes because of the large lot.
There have been people saying the market is going to crash since 2016. It is 2024 and still no crash. Before 2008, there had never even been a housing market "crash". It likely won't happen again for a long time.
Too much crime and illegal immigrants
Let Biden house the illegals! White house has a lot of rooms!
You forgot and to much white homeless 😂😂😂😂😂 get it straight
Thank u lord
Wait, are the areas he mentioned still Houston?
Not technically in the city limits but still considered the greater Houston area.
Wait till your neighborhood eats it self... Then prices will drop!
“Prices soaring”
Huh? HAR reported a -2.5% decline in the median home price comparing full 2023 to 2022.
Go down on the price
Far north west side of Houston is one of the last decent areas in the city. Tomball, cypress, spring, woodlands area ✅
Tomball and especially Spring are not nice lol
@@goofsaddggkle7351right, they’re stuck in the 90’s, spring has been going downhill since then
spring is trash. literally. cypress is becoming katy. woodlands...why even suggest it..? tomball is becoming spring/spring branch.
Kin folk said Jed move away from there 🤠😞
Prices going down down baby
Considering the current economic state I’d say wait till we have another president in office, and they do something about the crime rate. Don’t believe it
Move to glenmont and 44 acres homes :)
😂😂
Its crashing, dont believe the hype!
You can thank the floridians Californians for driving the market up
What good deal? very laughable
I still ain’t buying a house, it cost too much and I make decent money. Until gas, groceries, car insurance, credit card interest and auto loans go down I will rent.
You heard it here first folks: salesman says "it's time to buy". Take a look at the history of home values- go ahead, I'll wait. Now, where do you see it ever being flat for any extended period? Only two places, really- the crest, and at the bottom of the trough. Prices have been falling for over 2 months now. If you bought when this junk was published, you'd have paid more at closing, and more in interest rates. I'll not be tuning into KPRC ever again.
Greens point is a good place to go as well. & it’s away from the city so you won’t feel cramped
I live in greens point it’s actually not bad in the subdivision now if you go into the apartments 😂 it’s 😈 time
@@supadave3210 the apartments are full now with hardworking people and the bad had moved to 1960 Kuykendahl area 😅
LOL. my moms house built in the 80's is priced at 350k. its doubled. THE BUBBLE GONNA POP AGAIN.
Please go buy with the high price + high interest rate and price will drop for 3-5 years! 😂
It's going up. More people will move here for jobs. They just approved that Massive Bio manufacturing lab that provides up to 100,000 jobs.