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Archives

Impact of the Coronavirus on the U.S. Housing Market

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March 5, 2020 - General Information
The Coronavirus (COVID-19) has caused massive global uncertainty, including a U.S. stock market correction no one could have seen coming. While much of the news has been about the effect on various markets, let’s also acknowledge the true impact it [...] Read More
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Monica Foster March 5, 2020

Real Estate Is Soaring, But Not Like 2008

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March 4, 2020 - General Information
Unlike last year, the residential real estate market kicked off 2020 with a bang! In their latest Monthly Mortgage Monitor, Black Knight proclaimed: “The housing market is heating entering 2020 and recent rate declines could continue that trend, a sharp [...] Read More
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Monica Foster March 4, 2020

How Interest Rates Can Impact Your Monthly Housing Payments

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March 3, 2020 - General Information
Spring is right around the corner, so flowers are starting to bloom, and many potential homebuyers are getting ready to step into the market. If you’re thinking of buying this season, here’s how mortgage interest rates are working in your [...] Read More
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Monica Foster March 3, 2020

How Your Tax Refund Can Move You Toward Homeownership This Year

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March 2, 2020 - General Information
If you’re looking to buy a home in 2020, have you thought about putting your tax refund toward a down payment? Homeownership may be one step closer than you think if you spend your dollars wisely this year. Based on [...] Read More
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Monica Foster March 2, 2020

10 Steps to Buying a Home

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February 28, 2020 - General Information
Some Highlights: If you’re thinking of buying a home and you’re not sure where to start, you’re not alone. Here’s a guide with 10 simple steps to follow in the homebuying process. Be sure to work with a trusted real [...] Read More
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Monica Foster February 28, 2020

How Much “Housing Wealth” Can You Build in a Decade?

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February 27, 2020 - General Information
Earlier this month, the National Association of Realtors (NAR) released a special study titled Single-Family Home Price Gains by Years of Tenure. The study estimates median home price appreciation over the last 30 years based on the length of homeownership. [...] Read More
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Monica Foster February 27, 2020

Thinking of Selling? Now May Be the Time.

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February 26, 2020 - General Information
The housing market has started off much stronger this year than it did last year. Lower mortgage interest rates have been a driving factor in that change. The average 30-year rate in 2019, according to Freddie Mac, was 3.94%. Today [...] Read More
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Monica Foster February 26, 2020

Entry-Level Homeowners Are in the Driver’s Seat

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February 25, 2020 - General Information
One thing helping homeowners right now is price appreciation, especially in the entry-level market. In the latest Home Price Insights report, CoreLogic reveals how home prices increased by 4% year-over-year and projects prices will rise 5.2% by December 2020. Why [...] Read More
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Monica Foster February 25, 2020

Opportunity in the Luxury Market This Year

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February 24, 2020 - General Information
Homes priced in the top 25% of a price range for a particular area of the country are considered “premium homes.” At the start of last year, many of the more expensive homes listed for sale hadn’t seen as much interest, [...] Read More
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Monica Foster February 24, 2020

Interest Rates Over Time

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February 21, 2020 - General Information
Some Highlights: With interest rates hovering at near historic lows, now is a great time to look back at where they’ve been, and how much they’ve changed over time. According to Freddie Mac, mortgage interest rates are currently hovering near a [...] Read More
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Monica Foster February 21, 2020
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Monica M. Foster

Monica M. Foster
The Monica Foster Team

Houston – Clear Lake – League City
Pasadena – Baytown – Beaumont
Galveston – Pearland – Sugarland
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