Why Now is the Prime Time to Buy a House!

Home affordability is at an all-time high. The median mortgage payment on the median priced home as a percentage of the median household income is lower than it’s been in a generation.

Mortgage rates are near rock bottom. It’s hard to imagine interest rates this low.

Home prices are on the rise. After declining for 30 months, home prices are trending back upward. The time to get into the market is now!

Most sellers are motivated. This means that buyers have the upper hand in many cases. From banks looking to dispose of foreclosed properties to homeowners who are fiercely competing among an excess of housing inventory buyers have untold choices and negotiating power. In Katy, this is more apparent on the north side of I-10.

Financing is readily available. Banks are back in the game and ready to lend to well-qualified buyers.

Owning vs. renting is increasingly favorable. Since 2009, the average principal and interest payment has fallen below the average rental rates. The gap is now wider than it’s been in the past 22 years.

Home-ownership is still at the cores of the American Dream! Owning a home is critical to financial stability and wealth building. It’s a forced savings account, a place to live and a fabulous tax deduction.

For more information or to tour properties, contact me at 713-818-2404 or via email at juliefuelling@sbcglobal.net.I have sold Katy real estate for over 21 years.