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Lately, a lot of people have been asking, “Is Houston in a buyer’s or seller’s market?”
With so much uncertainty right now in the oil and gas industry, interest rates have remained low. Inventory levels are creeping up to a 4 month supply. This combination means we are entering more of a buyer’s market.
Higher priced homes are in more of a buyer’s market, since there’s more inventory available. Homes priced between $100,000 and $250,000 are selling at 9% more compared to this time last year.
Right now is a great time to buy. However, once oil prices rise, interest rates will go up. If you’re looking at selling in our current market, it definitely means that you have to price your property according to today’s market.
If you have any questions, give us a call or send us an email. We would be happy to help you!
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Find out if the company you are interviewing is a full time real estate auction firm. Many real estate agents are getting auction licenses yet have no experience with the auction method of marketing. Home Values
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