Archive for the ‘Buyers’ Category

Rising Interest rate challenges Houston Housing Affordability – Report Housing Affordability Index

As per the report released for Q3 2022 by HAR team, housing affordability remains a challenge for homebuyers in the Greater Houston area amid a backdrop of slowing home sales, moderating home price appreciation and higher mortgage rates. Fewer households could afford to purchase a median-priced home in the third quarter of 2022 compared to […]

How mortgage rates affect Homeownership ROR

The Texas Real Estate Research Center recently looked at how different interest rates can affect the rate of return on homeownership for first-time buyers. The study’s model made several assumptions (Table 2).  The home costs $250,000, which was the first-quartile  sales price for first-time buyers for an existing single-family home in Texas in 2Q2022. The […]

Beware of risks before taking on DIY Home Project

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Why people love to move to Texas suddenly?

According to the Texas A&M Real Estate Research center, people have been crazy about Texas real estate for long due to the low housing prices and affordability factor but never really fond of it’s hot weather condition. In the last two years, post pandemic interest has really spiked many folds due to lots of different […]

TEXAS HOME BUYER SURVEY

Check this really informative Infographics and understand how the Texas Real Estate Market is shaped by various factors and different buyers. About Om Realty Group Tx