For the second time in the last five years Bryan and College Station have been recognized as places where real estate is selling for under what the values should be. This means that there are definate bargains here in Aggieland. Houston was the only other city in Texas that got this designation. With the prospects of tremendous job growth and undervalued real estate it's a wonderful market to be in. The Real Estate Center at Texas A&M believe that our appreciation rates will be higher than ever in the next few years.
With higher than ever appreciation values will you make a mint on your property? NO! We are still not California with ridiculous appreciation in short times. In the last few years our appreciaton rates have been 3-5% per year. We're looking at appreciation rates raising to about 7%. A stable market in the price ranges lower than 200K and lot's of first time homebuyer interest it's a great time to buy!
First time buyers please take note. The $8,000 tax credit requires that you close on your home by December 1st. There are programs to help you tap into some of that tax credit to help with closing costs as well. Take advantage of tax credits, low interest rates, and an undervalued market now.
Here's a link to the Bryan/College Station MLS