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The 10 Most Expensive Homes Sold in Houston’s Record $40 Billion Real Estate Year

The 10 Most Expensive Homes Sold in Houston’s Record $40 Billion Real Estate Year

by Third Party | Jan 15, 2022 | News/Current Events, Real Estate News

Source: Paper City —  The numbers are in for the Houston residential real estate market for 2021 showing it was a record year with overall single family home sales topping the 2020 record by more than 10 percent. Total dollar volume hit a record $40 billion, 28...
Black Mortgage Applicants Denied 84% More Often than White Borrowers

Black Mortgage Applicants Denied 84% More Often than White Borrowers

by Third Party | Jan 15, 2022 | Mortgage Information, News/Current Events

Source: Zillow —  The Black homeownership rate has rebounded modestly from recent lows, but remains below its early 2000s peak as racial disparities in the mortgage and housing markets widened throughout the early part of the pandemic, according to a Zillow...
Mortgage rates surge to highest level since May 2020

Mortgage rates surge to highest level since May 2020

by Third Party | Jan 14, 2022 | Mortgage Information, News/Current Events

Source: Fox Business —  Mortgage rates surged at the start of 2022 to the highest level in nearly two years as markets reacted to the news that the Federal Reserve is considering raising rates soon, according to the latest data from Freddie Mac. The 30-year...
Low Inventory May Push Local Real Estate Prices Even Higher

Low Inventory May Push Local Real Estate Prices Even Higher

by Third Party | Jan 14, 2022 | News/Current Events, Real Estate News

Source: HawaiiBusiness Magazine—  As Hawai‘i begins 2022, the residential real estate market in the Islands, especially on O‘ahu, continues to set records with no signs of abating. Chad Takesue, 2022 president of the Honolulu Board of Realtors and a partner at...
A pickup in purchases or a sales slowdown? Experts split on what to expect

A pickup in purchases or a sales slowdown? Experts split on what to expect

by Third Party | Jan 14, 2022 | Mortgage Information, News/Current Events, Real Estate News

Source: Scotsman Guide —  Will an influx of new inventory push home sales in 2022, or will falling affordability push buyers to the sidelines and dampen activity? A new Zillow poll has revealed that economists and housing industry observers are split on where...
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