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Don't miss out on a great opportunity

August 21st, 2009 10:39 AM

Don't miss out on a great opportunity

I think people are seeing the great opportunity in purchasing a home right now. HAR/MLS statistics show that July 2009 showed a significant improvement in single-family home sales across greater Houston, with the highest volume since July 2008 and the second highest median price in history

Driven by affordable interest rates and low prices, nationwide housing affordable during the second quarter of 2009 continued to hover near its highest level since the series began 18 years ago, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI).

The HOI showed that 72.3% of all new and existing homes sold in the second quarter of 2009 were affordable to families earning the national median income of $64,000, down only slightly from the record-high 72.5% during the previous quarter and up from 55.0% during the second quarter of 2008.

Many people wanting to buy a home, wait for various reasons and miss the opportunity at hand. During the 1980's in the Houston area, the prices had dropped significantly and many took advantage of the situation, but many let fear of the market scare them into not doing anything and they missed a great opportunity. Unless you are living under a bridge, you will need a place to live, and either you will pay someone else mortgage through rent, or you can be making an investment of your own, in a home.

Don't miss out on a great opportunity to get a great deal on a home.

Sam Orlando

Broker/Owner, First Texas Realty

www.FTXR.com

For a FREE List of Foreclosures: www.huddeals4u.com

Posted by Sam Orlando on August 21st, 2009 10:39 AMPost a Comment (0)

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