The compulsory purchase of insurance by a mortgage borrower to protect their lender from a loan default is under investigation, according to a report from the leading financial news agency, Bloomberg.
Months of Supply Inventory (MSI) quantifies the supply/demand relationship by measuring how many months it would take for all current homes listed on the market to sell at the current rate of sales. The long-term average MSI is around four to five months in Texas, which indicates a balanced market. An MSI lower than four indicates that there are more buyers than sellers on the market (meaning it’s a sellers’ market), while an MSI higher than five indicates there are more sellers than buyers (meaning it’s a buyers’ market). MSI trended higher in the second half of 2023, indicating a shift in the market from favoring sellers for single-family homes and condos to a more balanced market. From February to April 2024, however, MSI fell significantly, indicating the housing market now favors sellers for single-family homes, is balanced for condos, and favors buyers for high-rise condos.
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Spooky season is upon us! From attending all the pumpkin patche
Fall is finally here, so grab your pumpkin spice latte and get prepared to dive deep in what's going on in the real estate world.
Back to school season is here! Let's all go back to school by educating ourselves with what is happening in the real estate market. Whether you're an agent, investor, … Read more
Owning a home is a significant milestone that offers numerous financial, social, and personal benefits. Despite the current 7% interest rates in 2024, the long-term ad… Read more
Can you believe we are already entering July? With the 4th of July right around the corner, we have the perfect event for you to attend along with the updated real es… Read more
Summer is here! Prices have already risen 6.8% over the past three monthslanding only 2.2% below the all-time high reached in June 2022. Additionally, the median list … Read more
Goodbye April and hello May! The end of the month came fast, meaning it's time to have another monthly market update. Mortgage rates fell slightly in March, closing th… Read more
Happy Easter! Can you believe March is already over?! From Foodieland coming to NRG this upcoming weekend to new developments in the Cypress area, we've got you covere… Read more
March is here and we all know what that means, Rodeo time!! If you are a Houstonian, or new to Houston, you know that the rodeo is a must to attend. It's also time to … Read more
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