Remove 2007 Remove Home Value Remove Inventory Remove Open Houses
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Houston Housing Market Forecast: Current Data & 2021 Predictions

Houston Properties

Today's monthly payments on a $500,000 mortgage are about the same as a $210,000 mortgage from the mid-1990s or a $300,000 mortgage from 2007. Put another way, the monthly payments on a $500,000 mortgage are about the same as a $210,000 mortgage from the mid-1990s or a $300,000 mortgage from 2007. So, what did they do?

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Buyer’s vs. Seller’s Market: How to Tell the Difference

Assurance Financial

Because in a buyer’s market, there’s more housing inventory and lower prices, giving power to the buyer. Marketing a home in a buyer’s market vs. a seller’s market requires different tactics. A prime example of one of these factors creating a buyer’s market was the financial crisis of 2007-2008.

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Houston Real Estate Market Forecast: Current Data & 2022 Predictions

Houston Properties

The buying frenzy and low inventory we saw last year and will continue to see for better parts of this year may push buyers (specially if driven by bad advice from an unseasoned Realtor) to make bad decisions. Disadvantaged homes sell more slowly or at larger discounts. With higher home values come higher rental rates.