Is now a good time to purchace new home in Texas?

2 Answers

  • 1 decade ago
    Favorite Answer

    If the options are purchase v rent, and you plan on staying in the home at least 4 yrs... then yes, it's a good time to purchase a home.

    If your question is "It's getting to be the holiday seasons - is it a good time" Then yes, it's the best time to PURCHASE.

    If your question is "I want to buy a house with little down and have a renter pay it for me" Then I hope you have deep pockets. You'll be upside down for a few years and will have to supplement the rent to cover the mortgage.

    If your question is "Prices are dropping where my investment homes are - where will I be sure to get positive value appreciation for the next ten years or so" then yes, Texas has had steady 3-5% appreciation per year for a long time. Do your 1031 to Texas. Don't expect to get 20% jumps in value per year - I know some sellers are promising that to get investors to buy here.

    Source(s): 14 yrs San Antonio Realtor
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  • Anonymous
    1 decade ago

    it is always a good time to purchase a house if you are debt free

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