Average apartment rents in Houston have climbed 12 percent since 2019, almost $1300/month.

Average home price  in Houston is at an all-time high of $411,000.
Although the number of homes selling are declining, prices aren't, and homes priced below $300k are selling rapidly.
With rising interest rates, a lot of people that decided to "time the market" are now priced out of the market. 

Although a drop in interest rates may help you qualify for more home, it doesn't seem likely.
With rates and home prices increasing, waiting will likely continue to price people out of the market, simply leaving them with higher rent to pay.
What's the interest rate on rent?

Edward Foy
The Home Equity Network
281-304-6353
info@HOMEQNET. com
www.HOMEQNET.com/LT
NMLS 310856 / 218762
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