Real Estate Investment Resources
Reasons to Invest in Port Aransas Property
If you're looking to invest in Port Aransas real estate, it is crucial to research the local market, which often differs from the national real estate market. Let us show you why it's a good idea to buy a house or condo for investment purposes in Port Aransas, Texas.
Why Should You Buy Port Aransas Property?
Historically Low Interest Rates
Interest rates and points for fixed rate prime mortgages have steadily decreased since the 1980s.
In 2015, mortgage rates in Port Aransas reached the lowest point in about three decades — 3.77%. On 30-year fixed rate mortgages, the yearly average interest rate was much higher in the past than interest rates are today.
By purchasing a home now, you would pay much less interest on your mortgage loan than in the years prior.
Increasing Texas Housing Prices
Texas housing prices are also increasing in value, which is a good sign if you intend to rent out or sell your investment property.
Coupled with appreciation rates of about 8%, it's clear that the housing market is on a roll, and you can expect a return on your investment.
The Time to Invest in Port Aransas Real Estate is Now
If you're considering buying a home in Port Aransas for leasing, now is a great time to do so.