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So my sister and brother in-law are starting to look at buying their first house, likely in the Katy area. I am not a real estate agent, and admittedly haven't spent as much time looking at the housing market as others on here. I am just concerned because of the volatility in the Energy Corridor and the effects it has on the Katy submarket. Especially the ripple down effect from oil dipping below $30 a barrel and the local office vacancies. How will this effect the area? Am i wrong in being concerned about them looking at buying a house in Katy? Why or why wouldn't it be a good place to buy a first family home, especially in this market?
Hey, Me and my partner are looking to move from our rental home in the Vintage/Willowbrook area (zip 77070) to a home. We have saved up some money for a good downpayment. I work in the Westchase area, and currently commute about 45 mins each way on the beltway, my work schedule allows me to avoid rush hours, so that is good. We have been actively looking on the real estate listing website, for a home with 2-3 acres of land to maybe keep some horses, or plant some fruit trees, etc. We may also want to build a small guest home for visiting family. Our budget is about $350,000 - we do not need a large home, even a 2-3 bedroom home is fine. Can anyone point us to some good areas to look at? If you need more information, let me know! Thanks, Cass