Posted in
Market News
on September 13, 2023
What are “online buyers” in real estate?
Online iBuyers such as Opendoor and Offerpad are new to the real estate game when it comes to Houston house buyers. The “I” in iBuyers stands for “instant.” Sometimes called “instant house buyers” or “online buyers,” they offer homeowners another choice for selling their houses.
They […]
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Posted in
Market News
on August 29, 2022
Hurricane season is coming.
Hurricanes are some of the most devastating storms a homeowner can face. Hurricane-force winds can reach more than 170 mph.
Hurricane Harvey, the strongest storm to hit Texas since 1961, had wind speeds of 130 mph. The storm gave homeowners a surprise lesson in how much wind damage costs in Houston […]
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Posted in
Market News
on May 28, 2020
The rates of mortgage defaults in the U.S. and in states like Texas signal the current state of the economy. The mortgage industry took a serious hit with the 2008 crisis that left many without homes and impacted unemployment rates and other economic indicators.
Monitoring mortgage default rates in Texas helps to predict future growth […]
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Posted in
Market News
on November 15, 2017
The time has come. You’ve finally decided to tackle that big remodeling project you’ve been putting off for years. Maybe you’re redoing the kitchen or converting your garage into a spare bedroom.
Whether you do the work yourself or hire a contractor, it may be the case that you need to get a permit before […]
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Posted in
Market News
on September 25, 2017
Abandoned properties aren’t just eyesores—they’re also symptoms of economic forces at work in the community. This can signify a decrease in property values and an increase in welfare levels.
Texas has its fair share of abandoned homes. In Houston for example, the vacancy rate of abandoned homes is 10%, with roughly 235,229 vacant units. These […]
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Posted in
Market News
on January 25, 2017
At some point in time, every homeowner has to deal with a messy house. This could be the result of a slight issue like a having to clean up after a party or something much more severe like having to clean up after a fire.
In cases like the latter, it’s possible that a home […]
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Posted in
Market News
on December 23, 2016
In this post, we look back at some of the coldest winters on record in Houston.
The Big Freeze
In 1951, the Gulf Coast experienced a devastating freeze that slowed the seafood economy to a halt. This freeze was intense and prolonged, which lead to over 90 million pounds of fish dying. The effects of […]
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