Houston Real Estate | Houston Real Estate News | Houston Realtors
2M Realty is your has over 20-years experience in all aspects of the Houston real estate market. Whether you are buying, selling, renting or leasing property in Houston, we are knowledgeable Houston Realtors you can rely upon.
Search the Houston MLS to view over 50,000 Houston Properties for sale or lease. Find homes for sale, condominiums, townhomes, high rises, and homes for rent. Locate and research Houston commercial property, including retail centers, office buildings, industrial sites, warehouse space, commercial pad sites and other Houston land for sale.
The greater Houston Texas real estate market includes surrounding cities such as Baytown, Sugar Land, Galveston, Richmond, Katy, Missouri City, Pasadena, Kingwoood, Tomball, Cypress and the Conroe real estate market, as well as all areas encompassed by Harris County and the nine adjacent Texas Counties.
According to the most recent weekly survey conducted by the Mortgage Bankers Association, the national total of home loan applications increased again, growing by 4.1 percent for the week ending August 12.
The greater total was the result of more homeowners attempting to refinance their home loans to take advantage of the current low interest rates. Freddie Mac's most recent Primary Mortgage Market Survey showed the rate for a 30-year fixed loan was 4.32 percent during roughly the same period.
Unadjusted, the Market Composite Index was up 3.6 percent from the previous week. The Refinance Index was also up, growing 8 percent on an adjusted basis. However, its level was 16.3 percent below the mark at the same time last year. Due to the recent economic strife, the Purchase Index declined during the week, falling 9.1 percent on an adjusted basis.
"Unprecedented volatility in the stock market last week amid additional signs that the economy has slowed led to further drops in mortgage rates, with the 15-year rate reaching a new low for the MBA survey," said Michael Fratantoni, MBA's vice president of Research and Economics. "Purchase application activity fell sharply over the previous week, likely the result of potential homebuyers hesitant to purchase in this highly volatile and uncertain environment."
With interest rates for home loans now at their lowest all year, more home purchases are being made. Sales of single-family Houston properties grew during July, the Houston Association of Realtors recently reported.
NAHB official: Proceed cautiously with FHA reform effortsAny attempts to reform the Federal Housing Administration need to ensure that the changes made don't affect borrowers' ability to access affordable home loans, according to leading official from the National Association of Home Builders.April 15th, 2013 4:16am
Real estate tours, offers rise in MarchAccording to the technology-powered real estate broker, the number of people who went on tours of a home that was for sale jumped 9 percent in March from February. At this time last year, the increase was just 4 percent.April 8th, 2013 4:15am