Real estate prices in Texas crazy cheap?

[Jonathan Whatley]

My fairly confident guess is that a condo in Houston for $60k that seems okay visually is non-warrantable.

Why would you think this?

The pricing of a house is primarily based on its location and the condition of the home.

While it’s possible to get a discount if a house doesn’t qualify for a federal mortgage, I wouldn’t expect it to be as much as 50% off.

I've seen similar spreads between non-warrantable and warrantable condos in cities I'm familiar with.

Looking at this specific set of condos on S Bartell and W Bartell in Houston on Zillow but under For Rent, many units are listed for rent.

Too many of the units being rentals is a common reason for a condo complex to be non-warrantable.