Summer is right around the corner. That means it could be time to upgrade to the home of your dreams.
If you move-up now, you can unlock benefits like eager buyers, top-dollar sales, and high home equity. With summer fast approaching, let’s work together to get your house ready. Call me now at 832-465-2858.
Houston Housing Update -
The median home price in the Houston area rose 2.2 percent to $334,100 in the first quarter of this year. The monthly mortgage payment on a 30-year, fixed-rate loan, including taxes and insurance, climbed to $2,340 from $2,230 a year ago. The average interest rate was 6.75 compared to 6.37 percent during the same time in 2023. As a result, households needed 4.9 percent more income annually than they did a year ago to buy a median-priced home with a minimum income of $93,600, according to the data.
Fewer households in Texas, 38 percent, could afford to buy a median-priced home in the first quarter of this year, down from 40 percent in the first quarter of 2023. A minimum annual household income of $94,000 was needed to qualify for the purchase of a $334,950 median-priced home statewide.
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