Here is this August’s newsletter. If you would like to receive these when they come out be sure to subscribe to our email list. Subscribe Now
Before we get into the housing market update we have a lot of new features
coming out to the newsletters thanks to all of your feedback! Additionally, going
forward these emails will be geared toward housing updates.
That being said I wanted a place where I could dig deeper into various topics.
This is why I created a company website that you can visit linked below. There I
have blogs and more information about selling real estate and notes.
For the final item, I will be rebranding a lot of my social content to change my User
from @EvanHtxRealtor to @IamEvanSalinas just a heads up. I will keep the
original but will be posting under the new name.
Let’s get into it! Beginning of the year we talked about the interest rates going up. We will likely
see them go a little higher currently they are sitting around 5.4%. My 700+
FICO buyers are seeing high 4% and even low 5% which is good.
Housing in Houston is still growing at a strong pace. Unemployment is
bouncing to pre-Covid levels. However, something that other metros around
Texas is improving faster than Houston is income wages. Houston’s wages in
certain sectors actually went backward.
Sales prices in Houston have continued to increase. The median home price is
around $350,000 to give this perspective median home price 3 years ago was
~$240,000. Reminder today is the cheapest homes will ever be in Houston.
That is the market update for August 2022!
Thank you for reading and be sure to contact me with any of your real estate
questions. Contact us.
Sincerely, Evan
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