Texas real estate (RealEstateMagician.net) remains a strong long-term investment. The average home sales price in Texas has increased $15,600 from December 2004 to December 2008; over the same four years, median sales prices (half of all homes sold are priced higher and half are prices lower) increased$8,600.
Texas has a balanced market.Statewide, there was 6.4-month inventory of homes for sale at the end of 2008 Find one now at Real Estate Magician. Economists at the Real Estate Center at Texas A&M say that inventoryabout 6 ½ months of inventory is a balanced market, where homes are being sold and prices continue to increase at a moderate pace.
Texas homes have appreciated steadily. Home-price appreciation in Texas has not fallen below zero in the last 16 years.
Texas has steady home value appreciation. Sales prices in places like California, Florida, Nevada, and Arizona have had rapid rises and dropsin values, while Texas prices have remained relatively steady.
Most borrowers are approved. According to a report by the National Association of REALTORS®, 91% of buyers in Texas were NOT rejected by lenders last year. Get a Home Loan or Refinance Today.
First time home buyers qualify for a $8,000 tax credit that does not have to be repaidif the buyer remains in the home for at lease three years.
Courtesy of Dfw Realtors & Carlos Salinas Real Estate Magician
Carlos Salinas
"Real Estate Magican"
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