How’s the Spring TX real estate market fairing? Is it getting better or is it getting worse? In a word “BETTER”.
Our months of inventory has decreased and is creeping closer to a balanced market at 6.2 months. According to the National Association of Realtors, nationally the real estate market has 10 months of inventory.
Our Spring Texas real estate market has out-performed the national real estate market through out all of 2008 and it continues to do so.
If you are thinking about buying a home now is the time. With 6.2 months of inventory, the market is coming into a more balanced position and the negotiating power that buyers have enjoyed the majority of 2008 is starting to disappear.
And contrary to what you may have heard, lenders so have money to lend. Getting a loan will require more documentation than previously but there is MONEY available for loans. Plus interest rates are still very attractive with 30 year rates at around 6%.
If you needed another reason why now is a good time to buy a home, then buy before the minimum down payment on FHA loans increases. On January 1, 2009 the minimum required down payment increases from 3% to 3.5%.
If you are thinking about selling your Spring Texas home, contact Jill Wente at 281.804.8626. If you are considering purchasing Spring TX real estate, please contact Better Homes and Gardens Gary Greene and we will guide you through the entire home buying process.
The data represented is from the Houston Association of Realtors MLS for Area 13. Area 13 covers the geographic boundaries of East – I45 to West – Hwy 249 to South – Beltway 8 to North – Spring Cypress.
Jill is as professional as they come in the business. My wife and I moved from California after job relocation... read moreJill is as professional as they come in the business. My wife and I moved from California after job relocation and selected Jill after reviewing her website and learning more than we thought about the Houston area.
When we met Jill, she first came across as honest, professional, and caring. She lived up to the expectation. She helped guide us in choosing the best community, SummerWood, for our situation. Jill was never pushy, impatient or unprofessional when we turned down several homes which fit our initial description. Several times we moved the goal line and changed our preferences and each time time Jill asked for clarification, gave us a professional opinion and went to work.
Our home closed before we could arrive in Houston and Jill kept our key and ensured we were catered to until we moved to Houston.
When we thought were were going to have problems with closing before my assignment started, it was Jill who went ahead and researched temporary housing for us (without me asking). She worked with our lender and represented our interests until we could arrive in Houston.
When we did move in, we got a welcome mat at our front door, gift card to a restaurant, and a list of vendors we would need to begin life in Houston.
My wife and I definitely view Jill as the Realtor to work with. She is friendly, intelligent, and she dresses nice too. Too much to list, all around nice lady. Met her husband too and I'm still trying to decide who is nicer. read less