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TESLA IS EXPANDING MORE IN TEXAS. GOOD NEWS FOR HOUSTONIANS!!

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 […]

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 […]

Happy New 2023!!!

May the New Year bring health, prosperity, and happiness into your home! 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 […]

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 […]