Houston one of the most affordable cities in the country

Local affordability may make Houston homes more attractive.The average cost of living has steadily increased across the country during recent years, including everything from rental rates and fuel prices to grocery costs. However, according to the Fiscal Times, Houston is still one metro area where your dollar still goes a long way.The cost of living in Houston is currently almost 8 percent below the national average, says the news source. In addition, full-time workers make an average of $25.14 per hour. Meanwhile, individuals in the construction and manufacturing industries make up to $29.12 per hour.Grocery prices are also much more affordable for Houston residents. According to Bankrate.com, everyday goods are 15 percent more affordable than the national average.Meanwhile, it doesn't hurt that Houston real estate is also in such good shape. During the month of July, the average price for a single-family home in the area surged 27 percent from a year earlier to $231,484, according to the Houston Association of Realtors.Average fixed mortgage rates continued to hover near all-time lows during the week ending September 13, according to a report from Freddie Mac. With this in mind, prospective buyers may want to make the transition to homeownership sooner, rather than later, to take advantage of this unique opportunity.?? Real Estate News brought to you by 2M Realty, a true expert in the online real estate market.

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