housing market, appreciation in Houston

[cathyholtz]

Houston is a better place to home shop and hold the selling and buying values...The Realtor's of Texas have more hours and professional course with several more hours to receive then Chicago...they have to get a national test and an additional test for Texas.They know what it takes to sell and retain home values.Also homes in Texas are cheaper then most homes of equal status in other states..The market is more stable also..and the job and economy is over all better in the large and mid size towns.

[DJboutit]

cathyholtz is a realtor bumping old threads

[ToyYot]

Originally Posted by DJboutit

cathyholtz is a realtor bumping old threads

And an inexperienced one judging from the posts.

[asonnier]

The suburbs, at least where I am, in Pearland, is doing fine. When we sold our house after living in it for 12 years last year, we walked away with an extra $90,000 and the neighborhood was actually going "downhill" when we left it. That is a good chunk of change. One of the keys to making some money off of your house when you go to sell is to keep in in good shape. Updating it doesn't hurt either. People that don't live in the burbs have no clue of home values unless they are realtors!

[testmo]

12 yrs and 90k. you are aware there are people that live modestly and don't live in the burbs see 40k-60k increase in a year? i blew my refi guy out of the water when that appraisal came in.

for a developing suburb over 12 years it would really be hurting not to see some positive growth

[vwgto]

Originally Posted by testmo

12 yrs and 90k. you are aware there are people that live modestly and don't live in the burbs see 40k-60k increase in a year? i blew my refi guy out of the water when that appraisal came in.

for a developing suburb over 12 years it would really be hurting not to see some positive growth

While a $50K increase in one year may be possible , it is the kind of talk that got alot of people in over their heads.....

[testmo]

bought in 2011 with 20% down for 179,000. my home budget was 230,000. appraised in 2011 at 200,000. in 2012 247,000. earning 120,000K+ a year and mortgage rate is $619 a month. taxes less than 4,000. at this point in time it is a crime families have to rent in this city

only dummies and the ignorant get in over their heads

[vwgto]

Originally Posted by testmo

bought in 2011 with 20% down for 179,000. my home budget was 230,000. appraised in 2011 at 200,000. in 2012 247,000. earning 120,000K+ a year and mortgage rate is $619 a month. taxes less than 4,000. at this point in time it is a crime families have to rent in this city

only dummies and the ignorant get in over their heads

Again, great if that works out for you. You are under-leveraged and paying less than rent -- hard to beat. That said, jacked-up appraisals is what allowed folks to take out more equity than could be realized. The story is really not over until you sell.