The average home value has been on the rise in the area in and around Lakes of Bella Terra, according to data from an analysis from The Business Journals.
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It’s always a good idea to consider the market when buying a new home. In the past year, Houston’s housing market has made incredible strides. In fact, the Houston real estate market set new records in 2018 despite uncertainty across the region when the year began. And now, after a slower winter, the market is bouncing back as we enter into Spring.
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Considering buying a new home in 2019? The US economy is predicted to grow 3 to 5% (now 4.2%), and with house construction intact, and employment strong, and US wages rising, we’ll see more Americans buying a home. For many happy people, it will be their first home.
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It’s an exciting time to be living in Richmond. Not only is it an oasis of Texas history and small town charm — but the city is undergoing a period of new growth. Longstanding businesses have been joined by new clothing boutiques, juice bars, art galleries and eateries, along with new economic opportunities and infrastructure improvements.
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Not only to residents in Fort Bend County enjoy the benefit of a community diverse in its cultures, cities, and lifestyles — they also enjoy a low cost of living and the second highest purchasing power in the Nation, according to a recent article by Houston Business Journal.
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As home values continue to increase, it becomes increasingly difficult for first-time buyers to break into a market. Fortunately, first-time homebuyers can find a healthy balance of affordable home prices, low competition and strong growth prospects in Houston, according to a Zillow’s 2018 Best Markets for First-Time Buyers Analysis.
Read MoreLakes of Bella Terra is an award-winning community and favored by Texas residents. See the builders and styles that make us the best.
