TexasEscapes.com HOME Welcome to Texas Escapes
A magazine written by Texas
 
New   |   Texas Towns   |   Ghost Towns   |   Counties   |   Trips   |   Features   |   Columns   |   Architecture   |   Images   |   Archives   |   Site Map


Columns | Go Far With Kovar

Is Summer
a Good Time to Buy a House?

by Taylor Kovar

Hi Taylor - I'm thinking about buying a house but I'm concerned about the timing. I know summer is supposed to be a good time to sell, so doesn't that make it a good time to buy? - Missy

Hi Missy - Summer is generally when the most inventory is available, and you'd think that would make it the best time for buyers. However, because demand is so high and homebuyers are ready to pounce when their kids aren't in school, you can expect to see the highest prices from May through September.

Of course, the season is just one factor when it comes to finding an affordable house. You have to know the housing trends in your particular area before you can make any sort of generalization, as costs will be vastly different from state to state and city to city. Do you live in a big college town or a small rural area? Those details matter much more than the time of year, and they also factor into which season is best for real estate in your region.

Real estate investors will tell you to always be on the lookout for a good deal. House prices might be sky high at present, but someone can throw a fixer-upper on the market at any time. If you broaden your search to include a bigger variety of house sizes and styles, you might come across something at a good value and in a good location.

Rising interest rates should factor into your decision as well. Rates just went up, which isn't great for homebuyers, but there's a decent chance they'll go up again, in which case you might save a chunk of change by purchasing sooner than later.

Home prices have been steadily rising since about 2010, and lots of analysts are expecting that trend to slow down in the coming years. Some areas have already seen prices plateau, while home value in other regions continues to climb. Again, this is why you have to skim over some local indicators before making any decisions.

If you're looking to buy a house that you'll keep for the foreseeable future and you have enough money to buy responsibly, I wouldn't put too much thought into what season it is. Start by figuring out your price range and seeing what that gets you in the local market. If you can't afford anything you like, don't settle right away; wait to see if the prices recede a little in the fall and winter. Get in the habit of frequently checking listings and speaking to realtors, and hopefully you'll be ready when a good property comes along. Happy house hunting, Missy!

Taylor Kovar August 10, 2018
More "Go Far With Kovar"

Disclosure: Information presented is for educational purposes only and is not an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance. To submit a question to be answered in this column, please send it via email to Question@TaylorKovar.com, or via regular mail to Lessons on Wealth, 106 E Lufkin Ave., Lufkin, TX 75901.

"Go Far With Kovar"

  • Any Advice to Prepare for the Costs of Having a Baby? 8-3-18
  • How Can I Save Money on AC This Summer? 7-27-18
  • Can you Predict if it Would be Worth it to Move to a Smaller Town for a Lower Cost of Living? 7-20-18
  • How High Does my Credit Score Really Need to Be? 7-13-18
  • Should I Pay off my Debt or Work on my Emergency Fund? 7-6-18

    more »

  • Texas Escapes Online Magazine »   Archive Issues » Go to Home Page »
    TEXAS TOWNS & COUNTIES TEXAS LANDMARKS & IMAGES TEXAS HISTORY & CULTURE TEXAS OUTDOORS MORE
    Texas Counties
    Texas Towns A-Z
    Texas Ghost Towns

    TEXAS REGIONS:
    Central Texas North
    Central Texas South
    Texas Gulf Coast
    Texas Panhandle
    Texas Hill Country
    East Texas
    South Texas
    West Texas

    Courthouses
    Jails
    Churches
    Schoolhouses
    Bridges
    Theaters
    Depots
    Rooms with a Past
    Monuments
    Statues

    Gas Stations
    Post Offices
    Museums
    Water Towers
    Grain Elevators
    Lodges
    Stores
    Banks

    Vintage Photos
    Historic Trees
    Cemeteries
    Old Neon
    Ghost Signs
    Signs
    Murals
    Gargoyles
    Pitted Dates
    Cornerstones
    Then & Now

    Columns: History/Opinion
    Texas History
    Small Town Sagas
    Black History
    WWII
    Texas Centennial
    Ghosts
    People
    Animals
    Food
    Music
    Art

    Books
    Texas Railroads

    Texas Trips
    Texas Drives
    Texas State Parks
    Texas Rivers
    Texas Lakes
    Texas Forts
    Texas Trails
    Texas Maps
    USA
    MEXICO
    HOTELS

    Site Map
    About Us
    Privacy Statement
    Disclaimer
    Contributors
    Staff
    Contact Us

     
    Website Content Copyright Texas Escapes LLC. All Rights Reserved