Ready for a change of scenery? Whether you’re dreaming of the Pacific Northwest’s lush forests or the Southern charm and economic opportunities of Texas, now might be the perfect time to move west. In this post, we’ll dive into the window of opportunity in Portland, Oregon, and Houston, Texas. Discover why these cities are attracting new residents and explore the current real estate market trends to help you make your move.
Why Move to Houston, Texas?
Bonterra at Woodforest in Houston, TX
Traditionally, the housing market cools down after the summer rush. But when exactly is this golden window? Early November might be the sweet spot for Houston homebuyers. School schedules restart, and families are less likely to relocate during this time. This translates to potentially more leverage for you.
Prices are Great Right Now
According to Realtor.com, homebuyers could save $21,000 (5.6%) off peak prices.
Our very own Houston Division President, Todd Rasmussen, speculates that cool weather in other parts of the country may cause buyers to shop earlier. In Houston, temperatures are still hovering around 90 degrees.
“Most years, we’ve had a weather turn by now that gets people out and about looking for new homes.” Rasmussen also notes that buyers are taking advantage of promotions and financing deals, which we have in spades. See offers in Houston and Portland right now.
A Balanced Market in Houston
The supply of homes in Houston has increased, with about 4.4 months of inventory in September, the highest in 12 years. This stabilization helps give you a range of options to consider in your home search.
Beyond the Golden Window: Market Trends to Consider
The 2024 market might offer some unique twists. Here are some additional factors to make note of:
Softened Demand
Overall buyer demand might be lower compared to previous years, potentially extending the window for great deals.
Mortgage Rates
While falling mortgage rates could increase affordability, they could also attract more buyers. Keep an eye on current rates and their impact on competition.
So, what is there to do once you move west to Houston? Read on.
Best Things to do in Houston, Texas
Houston offers a diverse range of experiences for every visitor. Immerse yourself in art and culture at the renowned Museum District, home to world-class institutions like the Museum of Fine Arts, Houston, and the Houston Museum of Natural Science. For a taste of Texas history, explore the historic district of Old Town Spring or the vibrant neighborhoods of Midtown and Montrose. Thrill-seekers can catch a baseball game at Minute Maid Park or experience the excitement of the Houston Livestock Show and Rodeo. And for a unique outdoor adventure, kayak through the serene Buffalo Bayou Park or hike the trails of Memorial Park.
Check out our homes in the Houston area here! Now onto our next golden city in the west: Portland, Oregon.
Why You Should Move West to Portland, Oregon
Sunset Ridge in Portland, OR
Creative minds. Arts and culture. Unreal outdoor adventures. Find out why it makes financial sense to make the leap to Portland.
Cost of Living in Portland
Your money can go further in Portland. In fact, according to the U.S. News and World Report, Portland is ranked the No. 3 most affordable place to live on the West Coast, considerably cheaper than nearby Seattle or San Franciso.
Utilities in Portland
Portland is ranked No. 14 for the lowest electricity prices in the U.S. and at No. 3 for the most renewable and reliable energy infrastructure. Plus, monthly utility costs in Portland are 4% lower than the national average and 2% lower than the state average.
Best Things to Do in Portland, Oregon
Oregon skyline featuring Mt. Hood
Wander through the shelves of Powell’s City of Books, the world’s largest independent bookstore. Hike through the breathtaking Columbia River Gorge, a natural wonderland of lush forests and cascading waterfalls. Sip on craft beer at a local brewery, like Hopworks Urban Brewery. Immerse yourself in the city’s vibrant arts scene, exploring the Portland Art Museum or the Pearl District’s galleries. And don’t miss the chance to savor the diverse flavors of Portland’s food cart culture.
Sounds like the place to be? Check out our Taylor Morrison communities in Portland here. And start saving up for a down payment with tips from our blog here.
Thanks for Reading!
Whether you crave outdoor adventures or a bustling city, the right spot for you is within reach. Wherever you want to move, check out our limited-time offers here!
“Right Time to Move” Blog is intended for general informational purposes only and not as an exhaustive comparison of all factors applicable to your personal financial situation. Data used was derived from third-party sources and deemed reliable as of the date obtained, but not guaranteed, offered as investment or tax advice, or independently verified by Taylor Morrison; all information remains subject to change outside of Taylor Morrison’s control. All registered and unregistered marks of third parties used for illustrative purposes only are the exclusive property of the respective owners. © November 2024, Taylor Morrison, Inc.
