Houses Are Still Selling Fast Have you been thinking about selling your house? If so, here’s some good news. While the housing market isn’t as frenzied as it was during the ‘unicorn’ years when houses were selling quicker than ever, they’re still selling faster than normal. The graph below uses data from Realtor.com to tell...
Is it Better to Buy or Rent a Home Right Now? You may have seen reports recently saying it’s more affordable to rent right now than it is to buy a home. There’s one thing that the numbers aren’t factoring in: and that’s home equity. Here’s a look at how big of an impact equity...
Is It Getting More Affordable to Buy a Home? Over the past year or so, a lot of people have been talking about how tough it is to buy a home. And while there’s no arguing affordability is still tight, there are signs it’s starting to get a bit better and may improve even more...
“Sellers’ Market is an understatement and the Houston market is proving that to be a fact all day, everyday. I’ve been working with sellers over the past many months that have received 10, 15, 25 offers and one property an unprecedented 91 official offers by the deadline! Who knew? Buying in this market requires a lot...
Housing supply in Texas increased 0.8 months in the second quarter of 2022 to 2.1 months of inventory. This is the first time inventory has increased year-over-year since the third quarter of 2019 and the first time it has been above two months of inventory since the third quarter of 2020. The rapidly rising interest...
The Texas REALTOR sent out some very helpful information regarding Houston’s market. See below for some updated data. Statewide, median home prices were up 19.1% to $357,388. 108,390 homes were sold in Texas during Q2-2022, a 5.6% decrease compared to the second quarter of 2021. Nearly half of the homes sold in Texas were in...
The Houston Real Estate Market is changing constantly. If you are in the market for buying, selling or leasing, it’s important to have the necessary tools to aid you in your search. See why so many users and Realtors are using HAR.com for their real estate needs. Image Sourced from HAR.com
Real estate is one of the most important things in the world. It may sound self-serving, but everyone needs somewhere to live, work and play. That “somewhere” has at times been all three in one—their home. Interest in real estate has increased substantially, and there are no signs of that slowing down based on the...
The Federal Open Market Committee (FOMC) voted to leave the benchmark interest rate unchanged this week, and mortgage rates trended lower. Small-business optimism is starting to improve as states and cities lift stay-at-home restrictions and move into recovery. Job openings declined in April, though the data lags by one month. Both new purchase and refinance...
Mortgage rates have not moved significantly this week and are still historically low. Home price appreciation has continued at a sustained pace. Consumer confidence improved. New home sales unexpectedly increased. New purchase mortgage application submissions increased, and refinance application submissions declined. The Federal Reserve released its Beige Book from its last semiannual monetary policy meeting. ...