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Archives

What Would Make You Sell Your House?

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April 30, 2019 - General Information
There are many reasons why a homeowner decides to sell their house and move. The latest Generational Trends Report from the National Association of Realtors asked recent home sellers to share their reason for moving. The younger the respondents, the [...] Read More
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Monica Foster April 30, 2019

How Quickly Can You Save Your Down Payment?

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April 29, 2019 - General Information
Saving for a down payment is often the biggest hurdle for a first-time homebuyer. Depending on where you live, median income, median rents, and home prices all vary. So, we set out to find out how long it would take [...] Read More
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Monica Foster April 29, 2019

Existing Home Sales Slow to Start Spring

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April 26, 2019 - General Information
Some Highlights: Existing Home Sales slowed to an annual pace of 5.21 million home sales in March. Low inventory levels are still impacting home sales! The current month’s supply of homes for sale is 3.9-months. Median home prices were up [...] Read More
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Monica Foster April 26, 2019

Renters Paying Substantially More While Owning Costs Less

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April 25, 2019 - General Information
In a recent Insights Blog, CoreLogic reported that rent prices have skyrocketed since 2005. Meanwhile, the typical mortgage payment has actually decreased. “CoreLogic’s national rent index was up 36% in December 2018 compared with December 2005, while the typical mortgage [...] Read More
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Monica Foster April 25, 2019

New Study Reveals One Surprising Reason for the Inventory Shortage

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April 24, 2019 - General Information
There has been a great amount written on millennials and their impact on the housing market. However, the headlines often contradict each other. Some claim this generation is becoming the largest share of first-time home buyers, while others claim millennials [...] Read More
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Monica Foster April 24, 2019

With Inventory Low: Will Your Dream Home Need Some TLC?

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April 23, 2019 - General Information
According to a new survey from Move.com, the wave of first-time homebuyers hitting the market this summer has resulted in an interesting statistic. Nearly 60% of buyers searching for a home this spring are willing to consider buying a fixer-upper, [...] Read More
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Monica Foster April 23, 2019

Selling Your House: Here’s Why You Need A Pro In Your Corner!

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April 22, 2019 - General Information
With home prices on the rise and buyer demand still strong, some sellers may be tempted to try to sell their homes on their own rather than using the services of a real estate professional. Real estate agents are trained [...] Read More
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Monica Foster April 22, 2019

5 Reasons Why Millennials Buy a Home

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April 19, 2019 - General Information
Some Highlights: “The majority of millennials said they consider owning a home more sensible than renting for both financial and lifestyle reasons — including control of living space, flexibility in future decisions, privacy and security, and living in a nice [...] Read More
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Monica Foster April 19, 2019

Buyer Demand Surging as Spring Market Begins

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April 18, 2019 - General Information
Last fall, some predicted that the 2019 residential real estate market would be a disaster. There was even belief we might experience a housing crash like the one that occurred during the last decade. However, according to two separate reports*, [...] Read More
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Monica Foster April 18, 2019

Are Low Interest Rates Here to Stay?

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April 17, 2019 - General Information
Interest rates for a 30-year fixed rate mortgage have been on the decline since November, now reaching lows last seen in January 2018. According to Freddie Mac’s latest Primary Mortgage Market Survey, rates came in at 4.12% last week! This [...] Read More
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Monica Foster April 17, 2019
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Monica M. Foster

Monica M. Foster
The Monica Foster Team

Houston – Clear Lake – League City
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Galveston – Pearland – Sugarland
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