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Archives

The Benefits of a 20% Down Payment

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May 8, 2019 - General Information
If you are in the market to buy a home this year, you may be confused about how much money you need to come up with for your down payment. Many people you talk to will tell you that you [...] Read More
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Monica Foster May 8, 2019

Home Buyers are Optimistic About Homeownership!

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May 7, 2019 - General Information
When we consider buying an item, we naturally go through a research process prior to making our decision. We ask our friends and family members who have made similar purchases about their experience, we get opinions and insights, and we [...] Read More
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Monica Foster May 7, 2019

Why Access Is One of the Most Important Factors in Getting Your House Sold!

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May 6, 2019 - General Information
So, you’ve decided to sell your house. You’ve hired a real estate professional to help you through the entire process, and they have asked you what level of access you want to provide to your potential buyers. There are four elements to [...] Read More
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Monica Foster May 6, 2019

The Cost of Renting vs. Buying This Spring

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May 3, 2019 - General Information
Some Highlights: Historically, the choice between renting or buying a home has been a tough decision. Looking at the percentage of income needed to rent a median-priced home today (27.7%) vs. the percentage needed to buy a median-priced home (17.5%), [...] Read More
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Monica Foster May 3, 2019

2 Trends Helping Keep Housing Affordable

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May 1, 2019 - General Information
Two positive trends have started to emerge that impact the 2019 Spring Housing Market. Mortgage interest rates for a 30-year fixed rate loan have dropped to new lows, right as reports show that wages have increased at their highest rate [...] Read More
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Monica Foster May 1, 2019

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
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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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