homeowners

Houston is one of the cheaper major metro real estate markets in the country. But homeownership there comes with expensive baggage, like high winds, flooding and power outages.

But both reports cover the period before the tariff uncertainty of the past couple of months.

“Even though I only live, like, 35 minutes away from the city, or 45 minutes by metro, it’s just a little inconvenient for people,” said William Craver in Herndon, Virginia.

It’s often in the interest of lenders themselves to work with borrowers and provide options for repaying the loans.

With the “lock–in effect” shrinking inventory, 1.7 million fewer homes were sold between 2022 and 2024, per a federal housing study. 

Homeowners’ median net worth is about $400,000. Renters? Just $10,000, according to the Aspen Institute’s Financial Security Program.

The company says customers are deferring big renovation projects because of high interest rates and economic worries.

Economists argue the home mortgage interest deduction doesn’t really work and costs the federal government tens of billions of dollars a year.

Builder incentives like interest-rate buy-downs and the relative affordability of the area are big draws for prospective buyers.

According to real estate firm Zillow, the typical buyer pays $2,188 monthly — well above the 30% of median income guideline used to calculate housing affordability.