Think higher rates will slow down multiple offers? Not in The Woodlands!
Think higher rates will slow down multiple offers? Not in The Woodlands! Last week was an interesting week in the mortgage market. Rates held steady between 6.97% to 7.05% up until Friday when they plummeted .24% after the strong jobs reports and collapse of Silicon Valley Bank.Yet 38 homes went u
There are 1.25 million fewer million-dollar homes in America in 2023
According to a recent Redfin report, there were 1.25 million fewer million-dollar homes in America in January 2023. The number of million-dollar homes fell from a high of 8.6% in June 2022 to about 7% in January 2023, or 6,203,954 homes. However, this number is still up 4.2% from January 2020. This
The Two Big Issues the Housing Market’s Facing Right Now
The Two Big Issues the Housing Market’s Facing Right Now The biggest challenge the housing market’s facing is how few homes there are for sale. Mark Fleming, Chief Economist at First American, explains the root causes of today’s low supply: “Two dynamics are keeping existing-home inventory historica
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