Okay, here goes ... my first blog! If I let myself, even I could get confused about what I hear is "going on" in the Texas Real Estate market. I can only imagine what Buyers, Sellers and other interested parties are thinking. Why does the news continue to BLAST such a negative outlook as a whole? Home sales are not only regional within the United States, they are localized within each State. Several cities in Texas have been hit hard, don't get me wrong. And I feel for them. But, several areas are still going strong. My market is up 3.8% in the first two months of this year compared to last. Mortgage rates are down, prices are down and there are so many homes on the market that continue to lower their prices! How can this not be the time to buy? Yes, I specialize in the second home/vacation home market and that is a different niche. But, again, why not buy a family home on the water now? Wouldn't it save you money & time in the long run to have a vacation home to go to each year? It beats the cost of flying; the time it takes to schedule all family members to get there; and the unknown cost are all nixed. Have you flown lately? Aren't the lines enough to make you want to give it all up? Gas prices, can't be that much of a deterrent after you add in all other cost factors & benefits of buying. The Texas Gulf Coast actually has reasonably priced land & homes. We have not been as hard pressed as areas such as Florida & California. My unsolicited advice....take the money that you are saving for the family vacation and use it as a down-payment on a family vacation home instead! You will never regret it....and if you do...you can SELL it!!
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