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 …
According to Freddie Mac, long-term mortgage rates have continued to decline, which is good news for the real estate market! An article in the Houston Chronicle stated: Mortgage rates began rising significantly in September, bringing fears in the Houston market as the region’s sales fell 6 percent from the year before.
According to a report from the Dallas Federal Reserve, the steady arrival of out-of-state transplants, along with the stronger than average employment growth, should keep the housing and apartment sectors in Texas going strong. Using data from the Census Bureau, D’Ann Petersen and Christina Daly, authors of the report, stated that Texas is the number one state for domestic in-migration. …
Home prices have shot up over the last 12 months, according to Trulia. In the report, 2013’s Top 10 Healthiest Housing Markets, Trulia reviews the largest housing markets in the nation based on three characteristics: it identifies the characteristics of a healthy housing market as – strong job growth; low, but manageable vacancy rates; and low foreclosure inventory. Houston was …
According to the Houston Association of Realtors, in May the Houston housing market experienced the largest one-month sales volume in seven years. May marked the city’s 24th consecutive month of positive sales. Single-family home sales increased 28 percent over last year to 7,794. The sales of all property types also increased 28 percent to 9,245. In addition, median home prices …
Are you in the market to buy a home? The housing market is heating up and sellers are regaining control. Following are a few housing trends to consider: Low mortgage rates Currently, the 30 year fixed mortgage rate on the Zillow’s Loan Mortgage Marketplace is at 3.80 percent. Erin Lantz director of mortgages at Zillow said that even though the …
According to an analysis prepared by Trulia, compared to renting, buying a house is a better deal in every major US housing market so long as mortgage rates remain below 5.2 percent. Although the increasing interest rates will make homeownership unaffordable for some, the recent increase to over 4 percent isn’t expected to affect the housing activity. Mortgage rates increased …
Strong & Successful Sports The Texans, the Rockets, and Dynamo are all winning teams. The current outlook for the Texans is that they’ll be a contender for next year’s Super Bowl. The Rockets made it to the playoffs, and the Houston Dynamo are also expected to be a playoff contender. International Trade Houston’s massive international trade contributed to another big …
Happy Father’s Day to all you fathers out there from Long Lake LTD. In recognition of this national holiday, we want to highlight the history of Father’s Day. The governor of the US state of Washington proclaimed the nation’s first Father’s Day on July 19, 1910. However, it wasn’t until 58 years later that Pres. Woodrow Wilson made Mother’s Day an official …
