Houston Housing Market 🏠 💥 - THE TRUTH! | Market Prediction 2024
Вставка
- Опубліковано 11 лют 2024
- The Houston TX Housing market operates differently than most of the real estate markets across the country. The Houston area has been a hot new destination for people relocating from all around the country and the world. It was during covid that people started to truly reevaluate where they live and why they live there.
People realized that Houston TX had everything they were looking for in a place to live. With no state income tax, affordable housing, new construction housing options, a strong economy, great job opportunities, low cost of living, excellent public schools and conservative values embedded in its residents, there really isn't much not to love.
Everyone has been waiting for the "market to crash". But do people really know exactly what they are talking about, or are they just regurgitating generic information from fear mongering you-tubers that aren't talking specifically about the Houston Market when the discuss a potential housing market crash.
This video explains exactly what I believe will happen in the Houston TX housing market in 2024 based off of real experience from selling hundreds of homes per year here in the Houston area.
If you are considering a move to the Houston area in 2024, you're going to want to watch this!
Contact Us 👇👇👇
📅Schedule CALL HERE 👉 👉 👉 ferrisrealty.com/survey
📱Call or Text us: (936) 282-5759
📨Email: move@ferrisrealty.com
If you want to know everything about eating, sleeping, working, playing, the good, and the bad of living in Houston, Texas, then subscribe▶ and tap the bell🛎 for notifications so you can be the first to know about the current market in Houston Texas.😁
We get calls and emails everyday from people just like you looking to make the move to the Houston, Texas. Give us a call☎, shoot us a text📝, or send us an email📨 so we can help you make a smooth move to Houston, Texas.🤠
For the best school ratings click the link below 👇👇👇
www.niche.com/
Kyler Ferris - License #668803
Broker | Owner - Ferris Realty
Real estate agent telling you to buy... shocker
If your hating why the hell are you watching?
Regarding the Fort Bend County Appraisal District, you can forget about lowering your annual appraisal. I have hired and fired two companies that could not lower our appraisal meaningfully. It is the worst appraisal district in the Houston Area, so you better think twice about that before you buy a home in Fort Bend County. And, they are building houses in Fort Bend County like there is no tomorrow at "high" prices, which will be used against you by the appraisal district appraisers and the appraisal board. In fact, I spoke with a company representative who does property tax protests who lives a few miles from me in Fort Bend County and he could not even get his property tax appraisal reduced, so now you know.
I lived in Houston Texas for eighteen years, however, my big family has been there for over forty years. Several things that you should be considering before making the move to Houston:
1- The crime rate just got higher and higher every year.
2- The jobs were fewer and fewer every year since Houston was an oil industry.
3- The annual property tax average is 3.5 percent and updates the real estate tax yearly. Does not matter when you purchased your house, the property tax will be at the current market update.
4- Mosquitos will be following you where and whenever you go. Also, they are as big as a fly, the jeans can't prevent them.
5- High maintenance costs and utility bills. Because Summer is long and hot, and winter is too cold and wet.
6- Compared with other cities, Houston takes five or more times longer to fix the roads and streets.
so which state you think is the best to live ?
It depends on your budget, age, and career. For me, California is still the best. If you are wealthy, you can live in the coastal area, the middle class can purchase a home in-land about 25 miles from beaches for an average of $500,000, and retired people who like warm weather can buy a home in the desert area for less than $300,000 but still access to beaches easily. If not California, then my second choice is Colorado.
Property taxes in TX are ridiculous
There's a shitload of shadow inventory that isn't listed on MLS. New construction outside Houston will drag prices down. Builders already have distressed subdivisions.
Absolute facts. The best time to buy a home was early to mid 2020. The next best time is NOW. As far as a Houston crash? The only way that happens is if the rest of the country crashes first. Houston and DFW are two of the strongest markets and they're only getting stronger, IMO.
Thank you Kyler. Thank you for being an amazing human being and giving us good information. God Bless you always and forever. Infinite Gratitude and Infinite Blessings.
Thanks for sharing. Bought a home last year and seeing many new homes popping up all over Conroe. There are many sold signs but still seeing homes built a year and a half ago still for sale, Very strange.
I'm only a few min into the video, but I've seen it explained that builders are trying to create a FOMO & urgency amongst buyers to buy, and that a lot of those sold signs aren't always the truth.
Great video, your insights into the 2024 housing market is really informative. I'm currently in the market for a new home and would love to hear more about locating a reliable house builder. Do you have any recommendations or tips on where to start looking? Additionally, any insights on specific locations or neighborhoods to consider would be greatly appreciated. Keep up the great work!
There are plenty of videos on his channel where he goes in depth & covers different cities and communities. You can start by watching some of his older videos. I found them beneficial
Great video! This is one of the best ones I've seen explaining our crazy housing market! 👏🏻👏🏻👏🏻
Glad you liked it!
I moved to the woodlands Creekside area in 2020 my house skyrocketed by 200k. But taxes followed that increase as well. Overall you can’t find a house at the price I bought in 2020
Prices should not ever get down to what you paid, I’d be very surprised, you purchased in a great area at an amazing time
We are agents in California, no foreclosures here in the Bay Area !
But prices have adjusted
📅Schedule CALL HERE 👉 👉 👉 ferrisrealty.com/survey
📱Call or Text us: (936) 282-5759
📨Email: move@ferrisrealty.com
I moved to Houston July 2022 and brought a Perry Home 2944 floor plan, that same floor plan in the same community brand new is 95K more expensive…that’s crazy smh.
Exactly!! Things came down this last year, but I really think it’s all up from here
Lol, tell Perry to lower their prices and I buy
Thanks Jerry! It’s hard to answer questions through UA-cam comments. I’d love for our team to connect with you, I have plenty of builder recommendations at different price points.
Connect on a call with us here and we can help
ferrisrealty.com/survey
Can you explain where in Houston you are seeing this? All I see are houses sitting for 60+ days. We are still down 7.32% from peak prices in 2022, new construction is down 19% from peak prices, new construction homes are sitting 100+ days, Redfin shows Texas as white for influx of people coming into Texas meaning no one is really moving to Texas, HAR’s monthly analysis is not supporting your argument.
Full BS
Posted this 3 months ago and the market here has picked up tremendously, so curious what you mean
In fact, we have closed over 100 homes since January 1st and we are seeing some homes in certain Houston markets sell for well over list price in just a few days
When I'm buying a home who pays the realtor fees ? The buyer or seller ?
The seller or builder pays our commissions here in Texas. It makes it very smooth for our buyers because they can hire us at no cost and we get paid whether you buy a new construction or resale home.
Reach out, we’d love to help!
Nah. Who puts the money? The buyer. Realtor fees are just included in the house price. Your realtor is not really your realtor, he’s working for a %, the higher the price, the higher the commission. People is naive to believe that the seller pays the commission.
@@danielcavazos-il7vs I'm sorry you feel that way. As an agent, I place my fiduciary duty to my clients above monetary gain. I will never put my own commission above what is best for my client. I do, however, agree that it is technically the buyer who pays even though it is a line item on the selling side. As you say, there is no sale or monies exchanged without a buyer.