Some Highlights Here are three reasons why homeowners feel thankful for their homes. First, it’s a safe place that can give you a greater sense of comfort, safety, and security. Second, it gives you freedom of expression. From the color of the paint to the art on the walls, you can express your style and your personality. Third, it provides a sense of community. Owning your home helps you build…
Countless people have set out on the exciting journey of homeownership. Ask around and you’ll find the vast majority are thankful they took the leap and bought a home. But why? It’s because of the many emotional and lifestyle benefits that come with being a homeowner. So, if you’re trying to decide if you want to rent or buy a home, here are just a few of the many benefits…
Moody’s Analytics predicts ↓ 10% in home price, assuming no recession and a mortgage rate path falling to 5.5% by 2024. Goldman Sachs expects home prices to ↓ 0.8% through December 2023 due to high mortgage rates and low inventory.
Texas attracts sellers with: Warm weather Affordability Property values Sellers in Texas should budget ~8% for closing costs including agent commissions. Counting Late Q-3 Texas Selling Costs Texas-Selling-Costs Counting late Q-3 Texas selling costs
Homeowners, whether facing real or perceived losses in property value, are seeking ways to add value. Inexpensive changes, such as a fresh coat of white paint or updated fixtures, can significantly enhance a property. Auditing homes for energy efficiency, with options like heat pumps or improved insulation, can ↓ bills and attract buyers.
~7% of homes for sale had price drops, a record amid ↑ mortgage rates↑ Rates compel sellers to ↓ prices, alleviating buyer budgets, though rates fluctuate. Early-Q4 avg mortgage rates ↓ 7.76%, offering brief relief as sale prices stay ↑ 3% yearly.
Buyers are seeking ways to cut costs by exploring options to ↓ interest payments. Buydown mortgages are gaining popularity, allowing lump sum payments for temporary or permanent interest reductions. Temporary buydowns provide short-term relief, while permanent buydowns maintain ↓ interest rates throughout the loan.
Location, size, condition, and proximity to urban centers impact house prices in Texas. Avg Cost of a 3 Bedroom House: $275K Texas housing market features: Rapid population growth Architectural diversity Lower taxes Energy-efficient homes Investment opportunities Major cities like Austin, Dallas, Houston have higher housing costs; smaller cities offer more affordable options.
30-yr fixed-rate mortgage avg ↓ 26 basis points, leading to ↑ 2.5% in mortgage applications. Despite rate drops, experts anticipate a sluggish housing market in the near future. Consistently mortgage rates ↑ 7% are influencing consumer behavior in the housing market.
Thanksgiving is commonly known to commemorate the colonial Pilgrims’ harvest meal that they shared with Wampanoag Indians in 1621But it wasn’t a holiday until 1853 that Abraham Lincoln declared it a national holiday and kept Thanksgiving as the last Thursday in November.In many American households, the Thanksgiving celebration centers on cooking and sharing a bountiful meal with family and friends.Parades have also become an integral part of the holiday, featuring…