Real Estate

January Market Insights

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Looking at the market data in The Woodlands: listing inventory is decreasing and days on market are going up.  BUYERS: Less inventory reduces supply making it harder to find "the one." Be patient as more inventory will come on the market in the coming weeks. Rates continue to tick down. If you see a property you like, don’t miss the opportunity. SELLERS: Have realistic expectations for the number of showings and offers you'll get. Price to the comps. This market is still relatively healthy in terms of balance, but it is also somewhat precarious and could re-adjust at any moment. Things are pretty good right now! Homes...

Your Mortgage Questions Answered

MortgageReal Estate

Frequently Asked Mortgage Questions Does the term "amortization" leave you perplexed? Are you unsure how preapproval differs from prequalification? If so, you're not alone. Here are some mortgage basics to help you become more familiar with the process. What's the difference between prequalification and preapproval? Getting prequalified is often the first step when searching for a home. You supply basic financial information, such as your income, assets and debts, and the lender then provides a preliminary estimate of the amount for which you may qualify. Preapproval involves an in-depth look at your finances and usually requires an application fee, but...

When to Adjust Your Homeowners Insurance

BlogInsurance

Home Changes That Affect Insurance Homes often grow and change alongside the people living in them. If you've added expensive furnishings or made substantial upgrades, it's important to re-evaluate your homeowners insurance and make sure your policy reflects those changes. Here are four instances when it may be beneficial to review and adjust your coverage. Remodeling or Renovation Work Home improvement projects typically increase the value of your home, which usually calls for more coverage. But that doesn't necessarily mean your insurance rates will automatically increase. In fact, some projects, like adding a new roof, may help you save on...

Housing Market Trends & Perceptions

BlogReal Estate

Real Estate Trends and Perceptions Whether you're interested in buying or selling a home this year, there's reason to be optimistic. See how a healthy real estate market and positive consumer sentiments are contributing to a buoyant housing sector. Real Estate Trends The U.S. housing market continues its recovery as home prices gradually increase, interest rates remain low and millennials represent the largest group of homebuyers for the fourth year in a row. There's been a slight increase in historically low interest rates, but that's an indication of an improving economy. Single women homebuyers exceed single men buyers in the...

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