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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The holiday season is here, bringing sweater weather, joyful family festivities, and the spirit of giving! December in Houston is brimming with magical moments, from t… Read more
The holiday season is officially upon us! From festive markets to Thanksgiving gatherings, November in Houston is filled with cozy events and seasonal cheer.
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Spooky season is upon us! From attending all the pumpkin patche
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