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Describe the Spring Texas real estate market in one word … “Stagnant”. New listings is staying even with demand keeping months of inventory at a paltry 1.4 months. The selling and buying occurring in 2023 is being ruled by life events … death, divorce, job, marriage, downsizing, desire to become a homeowner. High interest rates […]

Spring Texas Homes under contract dropped 8% week over week. Uncertainty in the market due to a readjustment in borrower fees on conventional loans and the Fed’s increase in the overnight borrowing rate caused buyers to take a pause and reevaluate their finances.  New listings hitting the Spring Texas real estate market showed no movement […]

Spring Texas homes under contract skyrocketed 19% week over week.  With the Fed meeting almost certain to bring another increase in the overnight borrowing rate, buyers scrambled to lock in interest rates. In addition, on May 1 the total fees borrowers will pay on conventional loans with Fannie Mae and Freddie Mac were readjusted. Not […]

The Spring Texas real estate market saw very little change week over week. Inventory remains a paltry 1.4 months keeping sellers in control of the Spring housing market. With high mortgage interest rates homeowners are disincentivized to move. According to Goldman Sachs, 99% of borrowers have a mortgage rate lower than 6% (or the current […]

The Spring selling season is in full gear with new listings rising 37% over last week. With only 1.4 months of inventory, its the sellers who are in control of the Spring Texas real estate market .  Six months of inventory is considered a balanced market. More than six months of inventory is considered a […]