As per Houston Chronicle news released 1/12/2023, Tesla appears to be preparing a large new industrial facility west of Houston in a project that further deepens the electric vehicle-maker’s investments in Texas about a year after billionaire Elon Musk moved its headquarters to Austin. Little is known about Tesla’s plans, but the Fortune 500 company […]
Author Archive
TESLA IS EXPANDING MORE IN TEXAS. GOOD NEWS FOR HOUSTONIANS!!
LOOKING 2022 IN THE REAR VIEW MIRROR & 2023 OUTLOOK
2022 was a tale of two halves. January through May/June was one type of market, and July through December was a very different market. Below was report released by Biggerpockets this month and I had to concur with their outlook. They been doing really good job analyzing all different data points and helping investors. Through the first […]
About Om Realty Group Tx
Happy New 2023!!!
May the New Year bring health, prosperity, and happiness into your home! About Om Realty Group Tx
About Om Realty Group Tx
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 […]
About Om Realty Group Tx
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 […]