I saw an interesting article today from Trulia, a real estate website. In a press release, Trulia showed data that it is cheaper to buy a home than to rent one in 39 of the nation's 50 largest cities.
"With home prices nearing a double dip and more foreclosures expected to flood the housing market over the next two years, the decision between renting and buying a home across most of the country has clearly moved in favor of buying," said Ken Shuman, Trulia's spokesperson. "As we head into the summer buying season, those looking to buy a home should be encouraged by improvements in the market and feel optimistic about their chances of finding an affordable home -- much more so than in previous years."
This is great news for the real estate market & for our area of Pearland in particular. The greater Houston area has already seen economic improvement and an increase in jobs. This has, in turn, increased home sales. Pearland is one of the fastest growing suburbs in Texas and a quick look at the houses that are currently listed as pending demonstrates that the real estate market in Pearland is looking good!
If you are interested in placing your home on the market but don't know where to start, give me call! I would love to provide you with a free market analysis. If you are thinking about buying a home but are intimated by the process, call me! I would be more than happy to explain step-by-step what happens and show you what's available.
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