As an active full time Galleria/Inner Loop/Medical Center RE Agent, I want to point out a buy now or later decision effects some but not all. Many people are moving in to the area, marrying/divorcing/expanding their family, etc and they may need to buy now regardless of what may be happening in the market. For those that are contemplating but don't have a specific requirement, it's a question of trying to time the market similar to the stock market. The problem with that is, the general public info lags behind on both up and down swings. For example, this report references October, fully 6 weeks behind us. It was slower than average as was Sept but Nov & early Dec have picked up steam again in the Inner Loop. Builders have burned off some of the new home inventory that was building up and permits for new construction are down so it should keep supply and demand in check for most price points in most Inner Loop markets.
Many articles being published now are looking at national trends in RE. Even local articles can be deceiving as they are lumping Houston and surrounding area statistics together. Most Inner Loop markets, with few exceptions, are still very strong and not expected to have the fall out that is being seen currently in some outlying suburbs. The downturn in these markets may never materialize or be inconsequential and trying to time the market where info lags behind may only force a buyer to pay more if they are betting on a downturn. Rates continue to be great for qualified buyers and the Inner Loop in general appears to be stable and steady. Get with a qualified Realtor you trust to get further in depth questions answered or I'm happy to help and provide specific area statistics and answer questions. firstname.lastname@example.org
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Laura & Rod Watson
The Watson Group Realty
Re/Max Galleria Associates
4703 Richmond Ave Ste. B2
Houston, TX 77027
Places Where You Can Find Our Services!
Rod Watson (SFR)
Foreclosure Alternative Specialist
7835 Highland Village Pl Ste. D 106
San Diego, CA 92129
DRE License# 01891044
Direct: (619) 512-9120
Office: (858) 793-8725 x115
Fax: (888) 816-4278
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