Houston
2007-08-13 05:02:51 · 5 answers · asked by ntsize 1 in Business & Finance ➔ Renting & Real Estate
Considering the nationwide slump in the market I'd say yes but it's not going to improve for at least 6 months or more so you could wait a few months, save even more, get a better interest rate and get a better place.
2007-08-13 05:12:29 · answer #1 · answered by Anonymous · 0⤊ 0⤋
If you mean flipping it and trying to make a quick profit then you have to be very careful. Houston has steady appreciation (~4-5%) in the housing sector, don't expect CA like growth in housing prices.
If you want to buy a primary residence then this is a good time. It's primarily a buyers market and there is alot of new house construction to choose from.
2007-08-13 12:14:32 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Check to see how many are for sale, and how long they have been on the market. Look in the newspaper to see how many are having foreclosures put on them. Research it will let you know where the market is heading, next 6 months are crucial, so would watch,research, and wait.
2007-08-13 17:41:42 · answer #3 · answered by Pengy 7 · 0⤊ 0⤋
The housing market differs from one city or even neighborhood to another.
Any time is the right time given that you find a home that is underpriced for the area. It might be harder to find that deal, but there is always a deal out there.
2007-08-13 12:14:30 · answer #4 · answered by Tim 7 · 0⤊ 0⤋
yes
2007-08-13 12:08:30 · answer #5 · answered by booooooooooooby 3 · 0⤊ 0⤋