Location Benefits of Rent to Own Homes in Katy TX

Homes in Katy, TexasWith just over 14,000 people, Katy, Texas is a city that is quickly growing, seeing a huge percentage of growth within the past 10 years. Those choosing rent to own homes in Katy TX find that the many excellent location benefits make it worth relocating to this area.

This city is not far from the Houston metro area, but it offers a suburban life that many families appreciate. Before deciding if Katy offers what you want for your family, here is a look at a few of the location benefits the city has to offer newcomers.

Benefit #1 – Strong and Growing Economy

One of the main benefits found in Katy is the strong and growing economy, which attracts people looking for lease purchase homes. While many cities in the country have been hit hard by the economic downturn, this city still has a thriving and growing economy. Average households are bringing in more than $70,000 a year, while a significant percentage of households make between $100,000 and $150,000 annually. The economy is boosted by corporations that are located in Katy, such as BP America, not to mention the growth in retail throughout the area. Add to that the low cost of living and it’s easy to see why many people are searching for rent to own homes in Katy TX.

Benefit #2 – Available Jobs and Job Growth

Another benefit this location offers is available jobs and job growth. With the national unemployment rate at close to 9%, job availability is very important to most people searching for a new home. Katy’s unemployment rate is lower than the national average and the city is actually enjoying job growth at a time when negative job growth is common across the country. Those who choose rent to own homes in Katy TX will find it easy to find a job, even though they may end up with a commute time that is a bit higher than they are used to.

Benefit #3 – Excellent Public School System

The public school system in Katy is a very good one, which is attractive to parents looking for rent to own homes in Katy TX. Currently, the school system is growing quickly offers an excellent education to students that attend. Parents will appreciate the low student to teacher ratio, which means class sizes are small and kids enjoy more personal attention from teachers. Of course, public schools aren’t the only option, since parents may also choose to send their children to one of the private schools in the area.

Benefit #4 – Nice, Subtropical Climate

Many people appreciate the nice, subtropical climate, which draws homebuyers to rent to own homes in Katy TX. The city gets little or no snow each year, which many people appreciate. During the summer, highs are usually in the 90s, while lows in the winter average in the low 40s. Although the humidity is often high in the hotter months, many people enjoy the sunny climate and the higher than average rainfall that the area boasts.

Benefit #5 – Steady Home Values

Since the pop of the real estate bubble several years ago, home values have been plummeting in many areas in the country. However, Katy is still enjoying steady home values that have only fallen a slight amount. Homes are a bit more expensive than other areas of Texas, but compared to other areas of the country, they are still reasonable. Since home values are holding steady, many people are willing to invest in these homes and the market continues to see movement.

These are only a few of the location benefits that make rent to own homes in Katy TX appealing to many homebuyers. With a growing economy, available jobs, great public schools and steady home values, it’s easy to see why many people consider relocating to this area. The nice climate is just a bonus.

Search Katy, TX rent to own homes at RealtyStore.com

The Pros and Cons of Lease Purchase Homes in Atlanta

Many people looking for a rent to own house can find excellent options available in Atlanta, home to over 420,000 people. This city is the capital of Georgia and also boasts the highest population of any city within the state. Atlanta is an international city that boasts plenty of culture for those that appreciate the arts and has much to offer in the way of entertainment and recreation. Of course, most people looking for lease purchase homes in Atlanta are concerned about finding jobs, the state of the economy and other important issues. If you are considering a home in the area, here is a helpful look at the pros and cons Atlanta has to offer you.

The Pros

Search RealtyStore.com for rent-to-own houses in Atlanta, GAThe metropolitan area of Atlanta has many pros to offer those interested in lease purchase homes in Atlanta.

One of the main pros of the area is that it boasts one of the largest economies within the country. The city is home to regional, country and international headquarters for many large corporations. It even is the third most saturated city with Fortune 500 companies. Some of the big corporations that have their headquarters within the city include The Home Depot, The Coca-Cola Company and UPS. The economy is also quite diverse, which is also a big benefit.

Another pro that those choosing lease purchase homes in Atlanta can enjoy is the comfortable climate. For those that don’t enjoy being buried in snow each winter, Atlanta is a great place to live. The city sees little snow and temperate winter temperatures. In the summer, the humid subtropical climate sees upper 80′s and low 90′s along with some humidity.

The education opportunities are a big pro to consider if you are thinking about going with one of the lease purchase homes in Atlanta. With low student to teacher ratios and a higher than average amount of money spent on each student, the public school systems have a lot to offer. Both private schools and charter schools are available options too. Those who want to pursue a higher education can enjoy choosing from one of the many colleges and universities located within the city.

The Cons

Of course, while Atlanta offers many pros to those looking for rent to own houses in the area, it’s also important to consider some of the cons of the area. One of the main cons is the hard hit economy. While the entire country was hit very hard by the 2008 financial crisis, Atlanta has been one of the hardest hit areas. The housing market has been hit hard and prices have dropped by record percentages. Even in 2012, prices have continued to drop in the area.

Another con is the high unemployment rate in the Atlanta area. When considering lease purchase homes in Atlanta, individuals want to make sure they have a job. Unemployment is above 9% and has stayed higher than the national average unemployment rate for some time. However, while the unemployment numbers look bleak, the area does show some positive job growth.

Understanding the pros and cons of the city can help you decide if going with lease purchase homes in Atlanta is the right choice for your needs. The area does boast a large and diverse economy, a comfortable climate and excellent educational opportunities for young students and those who want to pursue a higher education. On the negative side, the hard hit economy and high unemployment should definitely be considered. Overall, the city has much to offer, depending on your unique needs.

Explore the Pros and Cons of Rent to Own Homes in Jacksonville Florida

Lease to own homes in Jacksonville, FLLocated in Northern Florida on the Atlantic coast, Jacksonville Florida has the largest city by population within Florida and it’s also the largest city by area within the state. The city has a population of over 800,000 people and the Jacksonville metro area boasts far over a million people.

If you’re considering relocation to the city, it’s a good idea to learn more about this city before deciding to choose one of the many rent to own homes in Jacksonville Florida. Learning more about the pros and cons offered by this city can enable you to make an informed decision as you’re considering relocation to this Florida city.

The Pros

Rent to own homes in Jacksonville Florida come with some excellent pros that make the area very attractive to those looking for a new place to live. The diverse economy offered by the city is one pro to consider. Since the city is right on the St. Johns River and on the Atlantic coast, it helps strengthen and diversify the local economy. As one of the main ports on the East Coast, the economy definitely benefits. Several different industries make up the diverse economy, such as financial services, manufacturing, information services and other industries. The area is also home to several different Fortune 500 companies.

Another big pro that the area has to offer those considering rent to own homes in Jacksonville Florida is the lovely climate. It’s an attractive climate for those who prefer mild winters, since snow rarely falls and winter temperatures are quite mild. During the summer months, the temperatures can be quite warm in this humid subtropical climate. Rain also occurs on a regular basis, especially in the summer when thunderstorms crop up in the afternoons on a regular basis.

The schools available within the Jacksonville area are also a big pro to those looking for cheap houses for rent in the city. The student to teacher ratio is low, which many parents find important. Newsweek has featured quite a few schools in the area on a list of the country’s top public high schools. Several schools featured include Stanton College Preparatory School, Mandarin High School and Paxon School for Advanced studies. Charter schools and a variety of private schools offer alternative educational options for parents. Those interested in a higher education will find several colleges and universities in the area to choose from.

The low cost of living is another excellent pro that many people looking for rent to own homes in Jacksonville appreciate. The cost of living within the city is much lower than in many other areas in the country.

The Cons

While Jacksonville offers many pros, it’s essential to look closely at the cons before deciding to go with rent to own homes in Jacksonville Florida. The main con that consumers have to consider is the high unemployment rate. Unemployment is currently at almost 10% within Jacksonville, which is higher than unemployment rates in many other places in the country today. Another con that adds to this problem is the negative job growth within the city. Instead of seeing the job market grow, the area is currently seeing jobs disappear, which can make it difficult for new people moving to the area.

Exploring the pros and cons of rent to own homes in Jacksonville Florida can help consumers carefully make an informed decision on whether the area is the best place for them to live. The area does offer a lot to those relocating there, such as a nice climate, a diverse economy, good schools and a low cost of living. However, the negative job growth and high unemployment rate must also be taken into consideration before making the final decision.

Key Information on Lease Purchase Homes in GA

Within the southeastern region of the United States, Georgia happens to be the largest state by area. By population, the state is ranked 9th in the country with more than 9.8 million people located within the state. States bordering Georgia include Alabama, North Carolina, South Carolina, Tennessee and Florida, although it’s eastern border is on the Atlantic Ocean. Some of the topographical regions in the state include the coastal plains, the central Piedmont and the Blue Ridge Mountains.

Lease purchase homes in AtlantaWithin the state of Georgia, many properties are for sale on the market for those interested in relocating to the area. Of course, before deciding to purchase one of the lease-purchase homes in Georgia, it’s important to learn more information about the area, including the job market, real estate market and economy. Here is some essential information to consider if you’re considering rent to own homes in the area.

Unemployment and Job Opportunities

Investigating unemployment numbers and job opportunities is important before deciding on lease purchase homes in GA. If you relocate to the state of Georgia, you want to make sure you can find a good job. Georgia, especially the Atlantic area, was hard hit by the country-wide economic downturn of the past few years. For quite some time, unemployment was quite high in the area. However, recent numbers have come up showing that unemployment is down in the state. In fact, the unemployment rate went down to 8.7% in October, 2012. These new numbers show that unemployment is down a whole percentage point within the past year. In one month, the state saw 36,000 new jobs, which is a high increase for only a month’s time. With this recent development, the job opportunities within the state are definitely looking a bit stronger.

Georgia’s Economy

The economy is always an important consideration if you’re considering relocation to a specific area. If you’re considering lease purchase homes in GA, you’ll find that the state’s economy is quite diverse. The economy includes tourism, commerce and industry and 2010 numbers had the gross state product at more than $400 billion. The state is headquarters for many national and international companies, including both Fortune 1000 and Fortune 500 companies. A few examples include UPS, Delta Air Lines, Southern Company, SunTrust Banks and Coca Cola.

The State’s Real Estate Market

Of course, if you’re interested in lease purchase homes in GA, you’ll want to know more about the state’s real estate market and all it has to offer. With many homes currently on the market, it’s a buyer’s market and offers homebuyers the ability to find excellent deals when ready to purchase a home. Rent to own homes are one available option, but buyers can find other buying homes, including bank foreclosures and HUD homes for sale. If you’re specifically interested in lease purchase homes in GA, you’ll find that many options are available throughout the state, making it easy to find options in any area you’re considering. Most homes available range in price between $60,000-$180,000. Townhomes, condos and single family homes are all options available when you’re looking for rent to own homes. For specific listings of the available properties offered in the state, RealtyStore.com offers an excellent search engine that offers consumers a fast an easy way to find results.

Job opportunities, the economy and the state’s real estate market are some of the key things to consider when looking for lease purchase homes in GA. While job opportunities looked bleak a few months ago, job growth is being seen and unemployment rates are going down, offering new opportunities for those interested in relocating to the state. Along with a buyer’s real estate market, the nice climate and mild winters are definite drawing points to homebuyers interested in relocating to the state of Georgia.

Hurricane Sandy and HUD Homes

Hurricane Sandy has been rough on everyone, and not just during the actual event. The aftermath is perhaps the most difficult part of any hurricane. There can be so much damage, so many things to replace.

In extreme examples, you may even have to replace your home. While this is of course a horrible tragedy, it’s created opportunities to those in the area who have been affected, as well any anyone else looking to buy homes.

Help with HUD Homes

The U.S. Department of Housing & Urban Development (HUD) has recently said that they will offer aid to the area
. Additionally, there’s an inventory of vacant and HUD homes now available for purchase.

It’s important to jump on such opportunities as quickly as possible, since they may very well be time-sensitive if only due to the large number of other people who will also be taking advantage of the aid.

Many of these HUD homes will sell at a discount during the hurricane recovery process. This means that those who jump on HUD homes discounts could save a lot of money in the process. You certainly don’t want to be left behind in the process of buying these HUD homes.

HUD houses are cheap homesThis means that if you have any interest in HUD homes for sale at all, or even if you might have interest in them in the future, now is the time to act. You never know when opportunities like these will come around again. And as a bonus, the measure will help victims in distress at the same time. It’s always difficult to have to deal with a hurricane on top of all of life’s other troubles.

There are many resources online for information on HUD homes. An example is the site RealtyStore.

That’s why it can help immensely to learn how to buy HUD homes.

History Has Led To A Flood of HUD Homes For Sale

HUD homes for sale were largely the result of George Romney's efforts to improve home ownership for blacks and other minoritiesTo understand why there are so many HUD homes for sale, it helps to look back to the days when Housing and Urban Development got its start. There were some challenging times during back then, and some of the challenges involved rioting. However, there were some heroes at the time that did their best to resolve some of the discrepancies in the system.

George Romney, the father of current presidential candidate Mitt Romney, felt the root cause of rioting in inner cities during the 1960s was the blighted black ghettos. It was his intention to use his power as secretary of Housing and Urban Development to change this to give blacks the same advantages as their white counterparts and end the tensions between the races.

During his tenure as part of the Nixon Cabinet, Romney ordered the rejection of applications for sewer, water, and projects for highway development for those cities and states that fostered segregated housing in their local areas. His “Open Communities” initiative was not cleared with White House officials, and when Nixon supporters got word of grants being denied under these regulations, they complained to the president directly.

Nixon took the position that legal segregation was entirely wrong, but he also felt that forcing integration into the arenas of education and housing was equally as wrong. So, rather than supporting Romney’s actions, he ordered his domestic policy chief, John Ehrlichman to put a stop to it.

The president understood that the consequences of his own actions would assure the continuation of segregation in areas of American society that held the most promise for change. However, he stood firm in his resolve to the point that he forced the former governor of Michigan out of his administration by shutting down the program and refusing to meet with him.

The current administration under the guidance of President Obama has been inundated by private lawsuits which have prodded them to a bit more action than other administrations by withholding funds from counties like Westchester, N.Y. and cities such as Joliet, Ill because they have not met civil rights obligations.

However, they have not gone far enough to create a climate where discrimination in housing is totally wiped out. They have failed to issue regulations that correctly define what “affirmatively further” means. Even though billions of taxpayer dollars have been thrown at trying to fix the housing inequities, there have been no discernible changes as to date.

Black Americans earning high wages are still predominantly living in poor neighborhoods while their white counterparts making far less live in neighborhoods that are more affluent. While $400 million have been channeled into Milwaukee through HUD block grants, this city is tied with Detroit as America’s most segregated metropolitan area when it comes to African Americans.

New York City which boasts of having the largest black population in the United States has gathered in $4 billion worth of block grants from 1993 to present day, but this money has only eased racial segregation to the tune of 3 percent. To reach true integration levels today, it would mean that 80 percent of blacks living in New York would have to move.

A professor at University of Minnesota Law School, Myron Orfield, stated that if Romney’s efforts had been adhered to, rather than the federal government kicking him out, the reshaping of American life would have taken place and the nation would have looked very different today.

The riots that took place during 1067 in Detroit profoundly affected Romney, and that was only partly due to the 2,000 buildings that were destroyed and the 43 lives that succumbed to the violence. He also felt that brute force was not the answer to taming the inequities that existed. He felt the answer was to eliminate the problems that led to the violence in the first place.

In today’s political climate there still remains much contention in the area of race relations. Those contentions often are over equal housing for everyone. It was in 1992 that then President Bill Clinton assigned Henry Cisneros with the job of HUD secretary. Cisneros sincerely wished to change the situation, but still today there exist inequities in the system.

Officials within the Obama administration assert that they will finish work on defining rules that explain exactly what “affirmatively further fair housing” really means.

With the current crisis caused by Hurricane Sandy, there is an even greater need for help with housing. Will HUD step up and be the light at the end of the proverbial tunnel it was intended to be. Who knows? Government agencies have long held the distinction of failing to do what is right for the people.

If you are considering HUD homes for sale as an option, this free Guide for buying HUD homes can help you determine if this is the way you would like to go to buy the home of your choice.

Regardless of the problems that government regulations have caused with housing in the past, there is no reason anyone should not take full advantage of the assistance being offered today.

Interest Rates are Dropping, Home Buyers are Leaping

Remarkable things have occurred in the real estate market in 2012. Due to an influx of foreclosures hitting all over the country, massive layoffs leaving millions out of works, and the general decline in American wages, interest rates started getting chopped to percentages never before seen. At the end of May, 2012, there were fifteen year loans being offered for less than 3%. Many renters jumped on the opportunity to purchase homes at those unbeatably-low rates.

Long term, or thirty-year, interest rates dropped under 4% in December of 2011, but no one expected that they would continue to drop through 2011. At the end of May, 2012, rates for these long term loans were at 3.75, which was a decrease over rates just the week prior.

This fast dropping of interest rates has stimulated some improvement in the real estate market. While foreign investors have been busy scooping up the lowest priced foreclosure homes, the drop in interest rates has opened the door for more average Americans to make their dreams of homeownership come true.

Since lower interest rates means lower monthly payments, more renters in particular are now able to afford their own home. This is especially true when they shop for foreclosure home and very cheap homes offered on websites like RealtyStore.com. The combination of lower sale prices due to massive foreclosures sitting in the hands of overwhelmed banks and record lows in the interest rate department has created an irresistible opportunity for those who have been dreaming of owning their own homes.

While this looks like great news for homeowners waiting for prices to build back up so they can get a fair deal on the sale of their homes, there are some things still holding some would-be homebuyers back. Some have bad credit after losing jobs in the years past, so they are going with rent-to-own opportunities rather than bank loans. Others realize that they still have to pay the fees, or points, that must be used to get those incredibly low interest rates. The cost of those points is not decreasing like the lowered interest rates.

Even with those obstacles, this is clearly a great time for anyone able to get a loan to become a homebuyer. With so many cheap homes on the market, many are purchasing second homes, vacation homes, or rental homes. With so many bank foreclosures pulling the market down, this is a great time for future homeowners to get great deals on beautiful homes.

Are Foreclosures Good For The Housing Market?

The underlying belief in the country, whether one considers a social worker, a professional or the common man, is that foreclosures and short sales are not good for homeowners or the real estate market in general. In fact, it is this premise on which many states have put in place stringent anti foreclosures laws. However, now that some time has passed and the results of these measures are coming to the fore, experts are stating that these anti foreclosures laws are turning out to be counterproductive for the real estate market in general.

According to a recent study conducted by the United States Federal Reserve, states that require judicial reviews for bank foreclosures are more likely to suffer from a slow turnaround of the real estate market than others.

The prime example of the aforementioned fact is that the Nevada real estate market is one of the few markets in the country that is not showing any improvements or even signs of improvement. This is surprising for many because the state, after the 2008 real estate crash, actually put in place borrower protection laws that are considered to be one of the most stringent in the country.

One of the main reasons for this phenomenon, as per many experts of the industry, is that with fewer bank  foreclosures in the market the inventory suffers, resulting in a false price bubble. Similarly, as homeowners with poor credit get to stay in homes that they know they will be leaving in the future, the result is that they fail to maintain it, which reduces its prices further.

Obama Smooths the Way for More Foreclosures

Shocking isn’t it? According to some news outlets the hope and change president has precipitated change that no one wants and taken the hope of many American homeowners! Are these allegations true? If you look at the current rate of foreclosures across the country and the settlement between the states and big banks (orchestrated by the Obama administration), it definitely looks plausible.

This brings up the real question of the day, what are homeowners and potential homeowners to do? Foreclosures are up in New Jersey by 118%, Florida is at 83% and Pennsylvania suffered a 97% increase. These are just a few states seeing record number foreclosures; overall, 17 states have seen dramatic increases.

With this kind of depressing news, floating around buyers may be tempted to take cover and wait out the storm. Which is exactly the wrong thing! In truth, the time has never been better to seek out real estate deals. Foreclosure listings are filling up but that does not mean a buyer cannot find a great deal. Prices are down and credit is hard to come by, but rent to own, HUD homes and short sales provide huge opportunities for the person brave enough to seek them out.

If that sounds like taking advantage, it is not, homeowners facing bank foreclosures are many times desperate to get out from under mortgage payments and are highly motivated to make a deal! Take the time today to examine the foreclosure listings across the country and perhaps find your dream home.

Jack Philson, an analyst at RealtyStore.com, has posted an article discussing both Romney and Obama and their statements on the bank foreclosures crisis.

The Debt Relief Act with Short Sale and Foreclosures

We will likely see an onslaught of short sales within the next six months due to the tax break expiring soon. The Act that first showed in 2007 may disappear by the end of this year. This will cause a rush on selling homes through short sale to avoid possible foreclosures. A short sale is a sale where the price received is a lot less, by as much as 50% of the amount owed to the mortgage company. Many find they are in trouble with their mortgage payments when their cash flow slows down or they lose part of all of their income.

People choose the short sale if the bank agrees to get out from under the hefty mortgage payments they can no longer make. Short sales save homeowners from foreclosures, which are hard on all parties involved. Right now, the 2007 Mortgage Forgiveness Debt Relief Act allows short sales to occur without the burden of paying taxes on the amount they were “forgiven.” Once the Act is gone, sellers will owe taxes on the difference treating it as a gift in which they had to pay taxes. The Act might extend for another year or two.

Short sales are a good way to get a home for less. RealtyStore.com is one of the best resources online for finding such deals.