Mindblown: a blog about philosophy.
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Buying a Home This Spring? Must-Know Insights
Affordable homes are out there, but in many markets you may face stiff competition. New construction homes offer attractive incentives and are increasingly appealing due to growing builder confidence.
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2024 Real Estate: Balancing Act or Bust?
Debt Storm: $17T household debt raises concerns of defaults amid rising interest rates. Inflationary Headwinds: Persisting inflation challenges affordability, particularly impacting first-time buyers.
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Texas Homes in Mid-Q1: 1 in 5 Sellers Slash Prices
As of Mid-Q1 2024, ~16.7% of Texas properties are selling for less than the original asking price. This happened amidst an insurance crisis and high mortgage rates.
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Harris County Market Update
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Texas Ranks 10th in US for Highest Tax Rates
Texans enjoy the absence of income tax but spend 1.63% of income on Real Estate taxes, among the nation's highest. On avg, household in Texas pays 12.55% in state and local taxes, totaling $9,483 annually.
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5 ways to buy a second home with no down payment
You can buy a second home without a down payment by using your home's equity, exploring specialty loan programs, tapping into your retirement accounts, considering a rent-to-own arrangement, or leveraging seller financing. These options can help you achieve your goal of owning a second property. Continue to full article
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2 Hearts, 1 Home: Tips for Partnered Home Buying
1. Address any unresolved debt and work on improving low credit scores 2. Discuss savings and establish a budget 3. Pre-approval sets a realistic budget and boosts offer strength 4. Improve credit scores before house hunting
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Will Mortgage Rates Finally Fall?
Mortgage rates are expected to remain stable ~7% in April 2024. The Federal Reserve delaying rate cuts due to a strong economy and high inflation is keeping mortgage rates high.
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