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You are here: Home / Blog / Car or House — Which Would You Choose for $140,000?

Car or House — Which Would You Choose for $140,000?

September 12, 2012 by nwall Leave a Comment

Home affordability is higher than it’s ever been in recorded history.

Today, home prices remain low and 30-year fixed rate mortgage rates are record lows below 4% nationwide. And, at least for now, low downpayment mortgage products are readily available.

Six months from now, the markets may be different. We can’t know for sure. All we can know is that today is great time to be a home buyer in Grayson County. Home prices and mortgage rates are favorable.

At the start of 2012, the experts never saw it coming. Now, here we are in September, with the perfect storm for home affordability.

When 2011 closed, the housing market was showing its first signs of a rebound. Home sales were strong, home supplies were nearing bull market levels, and buyer activity was strong.

Homebuilder confidence was at its highest point in 2 years and single-family housing starts had made its biggest one-month gain since 2009.

Additionally, 30-year fixed rate mortgage rates had just broke below the 4 percent barrier and looked like it may stay there.

Now is the perfect time for you to evaluate your options!

For $140,000 in Grayson County, you can take home a new car….

Mercedes-Benz 2012-S-Class-S63-AMG-Sedan-MH1
Mercedes-Benz S-Class Luxury starting at $140,000

or…go home to a NEW HOUSE!

Here are a few examples – Click here to see more

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  • 308 N Burdette Avenue, Sherman, TX
    308 N Burdette Avenue
    Sherman, TX
    Photo of 308 N Burdette Avenue, Sherman, TX 75090 (MLS # 14490388)
    $139,999
    • Lot Size
      7,493 sqft

    • Home Size
      1,005 sqft

    • Beds
      2 Beds

    • Baths
      1 Bath

    • Year Built
      1935

    View Virtual Tour
  • 425 E Morton Street, Denison, TX
    425 E Morton Street
    Denison, TX
    Photo of 425 E Morton Street, Denison, TX 75021 (MLS # 14483871)
    $139,000
    • Lot Size
      5,228 sqft

    • Home Size
      1,140 sqft

    • Beds
      3 Beds

    • Baths
      1 Bath

    • Year Built
      1959

    View Virtual Tour
  • 316 N 5th Avenue, Denison, TX
    316 N 5th Avenue
    Denison, TX
    Photo of 316 N 5th Avenue, Denison, TX 75021 (MLS # 14469515)
    $139,999
    • Lot Size
      5,010 sqft

    • Home Size
      1,199 sqft

    • Beds
      2 Beds

    • Baths
      2 Baths

    • Year Built
      1900

    View Virtual Tour
  • 106 N Vaden Street, Sherman, TX
    106 N Vaden Street
    Sherman, TX
    Photo of 106 N Vaden Street, Sherman, TX 75090 (MLS # 14469342)
    $139,900
    • Lot Size
      6,970 sqft

    • Home Size
      1,082 sqft

    • Beds
      3 Beds

    • Baths
      2 Baths

    • Year Built
      1917

    View Virtual Tour

See all Grayson $140k.
(all data current as of 1/27/2021)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

 
 

Want to see homes for sale in every price? Start Here — Stay Here!
And when you’re ready to talk to a local expert, contact one of us. We live, work and play in Texomaland!
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Filed Under: Blog, Featured Blog Posts, Market Updates Tagged With: Home affordability, mortgage rates

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We're changing. And we're staying the same. Certainly, the tools of the trade have changed (with the internet and all), so we continuously update the way we handle details. But our business philosophy will never change: Do the right thing. At ERA Steve Cook & Co, REALTORS, we are proud to be the acknowledged leader in Lake Texoma and your number one source for real estate services. Our agents are local experts with a strong connection to the people and property of Texomaland. So, even after 40 years, we're still doing what we do best -- Selling Texomaland. -- Steve Cook, Broker / Owner

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