In the last six months, Ramcharitar has seen a surge of wholesalers and inexperienced investors trying to unload properties. “When there’s a bump in the road they move on to something else,” he explains. But newcomers who invested in Houston’s sizzling real estate market are backing off during the downturn. Seasoned Houston real estate investor Vaughn Ramcharitar, co-owner of Greater Houston Houses, says experienced real estate investors understand the cyclic market and purchase properties even during tough times. However, first-time or fair-weather investors facing high interest rates and inflation have created some challenges in the Texas market. Learn more: 7 of the Top We Buy Houses for Cash Companies in Houston “Local home buyers can be a good solution for a seller,” says Ben Naumann, managing member of Christian Home Buyers, a home-buying company serving the Greater Houston area. With interest rates dancing between 6% and 7%, the slowdown in home sales that is likely to persist through early 2023 makes cash offers even more appealing to sellers with a short timeline or houses that need updating. “We get a massive amount of investors coming to us looking for us to help them with investment properties, and a lot of them are cash,” says James Krueger, a top-performing real estate agent who sells properties 42% faster than the average Houston agent. The Greater Houston area is expected to continue being a hot investor marketplace this year as its 7.2 million population grows more rapidly than most U.S. Houston is ranked second by Norada Real Estate Investments for the 21 best places to invest in real estate in 2023.
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