With the spring home-buying season in full swing and record-low interest rates and a decent inventory of homes for sale luring buyers off the fence, real estate professionals in Houston are busier than they’ve been in many months, according to Michelle Vivero of 1ST Choice Realty GMAC Real Estate based in Houston, which announced a new parent-company ownership this week.
“We’re definitely seeing an uptick in the Houston real estate market,” said Vivero. “Spring is definitely upon us. This is typically our busiest time of year, but the renewed interest in homes for sale this year has been a pleasant surprise.”
Vivero said “1ST Choice Realty GMAC Real Estate is definitely seeing more interest from first-time buyers thanks to the new federal tax incentives, combined with interest rates that are at or even below 5 percent for a 30-year fixed-rate mortgage – the lowest in decades and a full 2 percentage points lower than August of last year.”
Brookfield Residential Property Services, a well-respected firm purchased the GMAC Real Estate franchise company in late 2008, and Vivero said, “Brookfield’s commitment to ensuring local companies growth and success has invigorated the team, and the strong support and partnership we’ve enjoyed from Brookfield really has given us reason for excitement and optimism moving forward.”