According to a new HomesUSA.com report, Houston – once again – led the state in new home sales in August! For the third straight month, Houston posted higher sales volumes than the Dallas-Fort Worth market. “The Houston new home sales market showed stability across the board and remains the state’s brightest star as the top new home sales market in …
Fox Business reported in a recent article that the Federal Reserves cut interest rates on Wednesday for the first time since the start of the financial recession more than a decade ago, hoping to preserve the 11-year economic expansion. During its two-day meeting, the Federal Open Market Committee voted to ease the benchmark federal funds rate by 25 basis points.
According to Freddie Mac, long-term mortgage rates have continued to decline, which is good news for the real estate market! An article in the Houston Chronicle stated: Mortgage rates began rising significantly in September, bringing fears in the Houston market as the region’s sales fell 6 percent from the year before.
If you’re a first-time home buyer, the home buying process can be a little nerve-racking. We’ve come up with a few tips to help you navigate the whole process and save you money: Start saving early for a down payment: Although it’s common practice to put 20% down, many lenders now permit much less. In fact, there are programs out …
