Skip to main content
  1. Life
  2. Neighborhoods
  3. Real Estate & Construction

Real Estate Market Cycle - Houston is Climbing fast...

See also

I found this simple, interesting and educational info-graphic depicting the Real Estate Market cycle in layman terms and thought of sharing and talking about it.

Real Estate Market Cycle

The graph gives a good view on how Real Estate market works and helps us to understand where the market was a year ago and now.

We crossed the bottom bridge last year and now trying to climb up the hill. In many states especially metros like SF, Dallas, Austin, Phoenix and others, the climb has been very aggressive including Houston. We are seeing prices going up every week and now it's a total sellers market which is a total opposite from a year ago.

New Home builders are also increasing prices every week or every other week in many areas like Katy, Sugar land, Wood lands and Cypress due to demand and supply issue. We don't know when we will reach the peak and until that point buyers are fprced to put up with this situation. With the recent increase in interest rates, it's a real stress for buyers to make a decision whether they want to buy now or wait it out.

If they decide to wait until market slows down, they might lose the low interest boat but prices might stabilize reaching the saturation point. If they decide to go forward on hunting down a deal, they might have tough competition and might have to pay more than listing. I would say it is much better than waiting to lose on both ends but it all depends on one's situation. Do your due diligence with the help of Realtor and make a smart decision...

Image source: Biggerpockets.com

Advertisement

Life

  • Randy Travis
    Randy Travis returns with 'Influence Vol. 2: The Man I Am' in August
    Today's Buzz
  • Alternative medicine
    Alternative medicine: Remedies to make the bugs in your body go away for good
    Camera
    7 Photos
  • Beach body
    Fitness: Earn your beach body badge with bootcamp classes
    Camera
    10 Photos
  • Back to school
    These 10 items are sure winners on your back-to-school shopping trip
    Camera
    12 Photos
  • Izabel Goulart
    Izabel Goulart walks the runway with Studio F at Colombia Moda
    Camera
    19 Photos
  • Ombre' technique
    Go for the gusto: What ombre' technique are you?
    Camera
    5 Photos