Houston Housing Market
The Great City of Houston, Texas is controlled by Oil and Gas, Agriculture and The Maritime the Texas economy is one that will stand the test of time and flourish. The Houston housing market and new construction running at the pick of its surge, demands have been high in 2015 and still continues. Houston population of foreign born immigrants is 22.3% according to American community survey. This number significant contributed to the growth and demand on housing in Houston and its environs. Houston, Texas is called America’s energy capital for a reason, where there is demand; supply becomes of utmost importance.
Rental Demand In Houston, Texas
The rental demand in the Houston housing market is relatively high and so are the rates. An average 3 bedroom 2 bathroom home in a decent neighborhood will run a minimum of $1600 a month on rent. That same amount can be a monthly FHA mortgage on a $190,000-$200,000 home that will be yours, where you can build equity and retire on. The taut of home ownership should be uppermost in the mind of every renter. Home ownership is one thing we all have in common as a need, and needs are better meant earlier than later.
The Growth Of The Houston Housing Market
The growth of Huston as a metro city will continue and for those who are able to pay rent with a source of income, the time to own is now. You give away rent to us the Landlords, to write off and you receive nothing but a thank you for being an on time tenant. At some time in life, you should put your foot down and give your credit 6months to be back on track, pay down those debts, and get a middle score of 580 which approves for an FHA loan. Get your own, buy a home, it’s your time do it.
Bennie Chukwurah Houston Housing Market Experience
When I bought my First Home, the interest rate was at 6.75% for a first mortgage with a 740 fico score (the good old days lol), but today interest rates are at a historic low which should be a motivating factor for everyone to own. Things happen for a reason and this crash in the Housing market and the economic crisis which lead to this amazing opportunity for home affordability should be a kick in the rare end, to bring the zeal of the American dream to every renter.
Think of other continents like Asia and Africa, where the only means to home ownership was to build from the scratch with your own cash no loans or government assistance, However, people still strive to own a home. Such should be our motivation as Houstonians of endless possibilities and Americans seeking the dream. FHA (Federal Housing Administration) has made it possible for a person with no money in hand to be approved and purchase a home with little or no money through the introduction of gift funds and seller’s contributions. Why then can’t we jump on this offer and step into home ownership?
The things that hold you back might not be that much of a problem if taken to or through the right channel. Consult which a mortgage lender and a real estate professional today to see the chances you have. A problem shared is half solved, Gustan Cho Associates are always here 24/7 to answer question and guide you. The lender that really cares.
About The Author: Bennie Chukwurah
Bennie Chukwurah is a top producing Texas licensed realtor and a licensed mortgage loan originator. Bennie Chukwurah is based in Houston, Texas and knows all areas of not just Houston, but all of Texas. She is an expert in all fields of real estate including commercial, residential, and special use. Bennie Chukwurah is an expert in all fields of lending including FHA Loans, VA Loans, USDA Loans, Conventional Loans, Jumbo Loans, portfolio loans, commercial mortgages, hard money loans, and specialty loan programs. Bennie Chukwurah is a team leader with The Money Store, a national mortgage banking company headquartered in Florham Park, New Jersey and is licensed in many other states besides the Great State of Texas. Bennie Chukwurah is one realtor you should know. Bennie is a guest writer and consultant for Gustan Cho Associates and many real estate attorneys, mortgage loan originators, home buyers, home sellers, title company agents, real estate agents, appraisers, and other real estate industry professionals constantly seek her professional advice. Bennie Chukwurah is always available 7 days a week to all of her clients, associates, and friends. Bennie Chukwurah is associated with Century 21 Olympian, headquartered in Houston, Texas, and can be reached at 281-760-9879 or email Bennie Chukwurah at Bennie.firstname.lastname@example.org.