Houston is America’s most affordable housing market for middle class families compared to the nation’s 50 largest metro areas. Nonetheless, fewer than 50% of first-time home buyers in the Houston area can afford the median-priced home despite even though home prices may have decreased for the first time in nearly a year. Since the economic boom in the 50s and …
The job market and real estate industry of Texas supplement each other. The Texas employment forecast looks to indicate that jobs will increase 2.4 percent in 2023. The forecast is based on an average of models that include projected national GDP, oil futures prices and the Texas and U.S. indexes. The forecast suggests that 332,500 jobs will be added in …
Redfin has come out with its new predictions for the 2020 housing market with the expectations that bidding wars will return after an 18-month hiatus. What does that mean for the real estate market? Daryl Fairweather, Redfin Chief Economist stated: “Low mortgage rates started to revitalize the market at the end of this summer, but we won’t see their full …
CoreLogic reported in a recent Insights Blog, that rent prices have skyrocketed since 2005 while, the typical mortgage payment has actually decreased. “CoreLogic’s national rent index was up 36% in December 2018 compared with December 2005, while the typical mortgage payment was down 4% over that period.” Why such a difference between the costs of renting versus owning?
It is often said that there is never a perfect time to sell your house. Each season can be marked with different challenges and difficulties that sellers should keep in mind. Families with children tend to look for a home during the summer months, when there is no conflict of missing school or other obligations during a move. On the …
As compared to historical trends in housing prices, the price of homes is set to steadily, yet positively rise this time around. The housing recovery has led to an increase in house prices all over the country. According to real estate data, prices rose in approximately 225 cities among a total of 276 which were included in the analysis. Nationwide, …
The net equity recorded for residential real estate rose by almost $2.2 trillion last year. Considering the economy of the country, these values are quite impressive, especially when the past figures are analyzed in details. For the average home owners, the numbers are really good, especially when you consider that millions of them were suffering from underwater mortgages and another …
The year 2014 is just around the corner. What will it bring for the real estate market? This cannot be said with surety, but a lot of predictions are being made in this regard. Along with this, what lessons were learned in the year 2013? Were there any major projects that brought a substantial amount of change? We interviewed real …
The month of October witnessed many records being broken as Houston’s real estate market continues its phenomenal progress. Despite the fact that the year is nearing an end, the economy of the city is still strong. Mortgage rates have increased, but are still significantly lower than past values and so homebuyers are eager to use the situation to their full …
