The Freund Group Real Estate Blog

Welcome to The Freund Group's blog spot! We are a real estate group with a combined total of over 50 years of experience helping buyers and sellers in all aspects of residential, commercial, as well as, investors, foreclosures and short sale transactions.  Whether you are thinking of buying or selling a home, our helpful resources and tips will help you through the process.

Our blog spot will feature stories of events around the Houston area, the housing market trends and the benefits of investing in Houston real estate. Please feel free to ask questions or voice a concern in the comment section. 

Nov. 5, 2019

La Porte Fun Facts #2

La Porte Fun Facts #2

Did you know that during the 1920s & 1930’s La Porte’s Sylvan Beach became a nationally recognized destination featuring beauty contests, celebrations and regular performances by famous bands?

In the 1930s the park was revamped including a large boardwalk, amusement rides, and many other attractions. Erosion began in 1928 due to the wakes of shipping traffic and by the later 20th-century erosion had completely eliminated the beach.

Sylvan Beach is now a spot for many celebrations throughout the year including the Sylvan Beach Festival. Visitors can enjoy the beach made of fine sand a no seaweed and smaller waves allow for more enjoyable swimming. There is also fishing, a boat ramp, and air-conditioned pavilion.

La Porte’s Sylvan Beach is the perfect spot for a family fun day. Bring a picnic lunch and stay for the day!

For more interesting facts about La Porte tune into to our “Did you know……” on our facebook business page.

For more information about Real Estate, Tips and Advice and Local Real Estate News check out our Facebook page! 

 

Posted in Did you know?
Nov. 4, 2019

Taking the Fear Out of the Mortgage Process

Taking the Fear Out of the Mortgage Process

Taking the Fear Out of the Mortgage Process | MyKCM

A considerable number of potential buyers shy away from the real estate market because they’re uncertain about the buying process – particularly when it comes to qualifying for a mortgage.

For many, the mortgage process can be scary, but it doesn’t have to be! 

In order to qualify in today’s market, you’ll need a down payment (the average down payment on all loans last year was 5%, with many buyers putting down 3% or less), a stable income, and a good credit history.

Once you’re ready to apply, here are 5 easy steps Freddie Mac suggests to follow:

  1. Find out your current credit history and credit score– Even if you don’t have perfect credit, you may already qualify for a loan. The average FICO Score® for all closed loans in September was 737, according to Ellie Mae.
  2. Start gathering all of your documentation– This includes income verification (such as W-2 forms or tax returns), credit history, and assets (such as bank statements to verify your savings).
  3. Contact a professional– Your real estate agent will be able to recommend a loan officer who can help you develop a spending plan, as well as help you determine how much home you can afford.
  4. Consult with your lender– He or she will review your income, expenses, and financial goals in order to determine the type and amount of mortgage you qualify for.
  5. Talk to your lender about pre-approval– A pre-approval letter provides an estimate of what you might be able to borrow (provided your financial status doesn’t change) and demonstrates to home sellers that you’re serious about buying.

Bottom Line

Do your research, reach out to professionals, stick to your budget, and be sure you’re ready to take on the financial responsibilities of becoming a homeowner.

For more information about Real Estate, Tips and Advice and Local Real Estate News check out our Facebook page! 

Posted in Tips For Buyers
Oct. 28, 2019

4 Reasons to Buy a Home This Fall

4 Reasons to Buy a Home This Fall

4 Reasons to Buy a Home This Fall | MyKCM

Here are four great reasons to consider buying a home today, instead of waiting.

1. Prices Will Continue to Rise

CoreLogic’s latest Home Price Insights Report shows that home prices have appreciated by 3.6% over the last 12 months. The same report predicts prices will continue to increase at a rate of 5.8% over the next year.

The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense.

2. Mortgage Interest Rates Are Projected to Increase Next Year

The Primary Mortgage Market Survey from Freddie Mac indicates that interest rates for a 30-year mortgage have recently hovered just above 3.5%. This is great news for buyers in the market right now, because low interest rates increase your purchasing power – but don’t wait! Most experts predict rates will rise over the next 12 months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac, and the National Association of Realtors are in unison, projecting that rates will increase by this time next year.

An increase in rates will impact your monthly mortgage payment. A year from now, your housing expense will increase if a mortgage is needed to buy your next home.

3. Either Way, You Are Paying a Mortgage 

There are some renters who haven’t purchased a home yet because they’re uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you’re living rent-free with your parents, you are paying a mortgage – either yours or that of your landlord.

As an owner, your mortgage payment is a form of ‘forced savings’ that allows you to have equity in your home you can tap into later in life. As a renter, you guarantee your landlord is the person with that equity.

Are you ready to put your housing costs to work for you?

4. It’s Time to Move on With Your Life

The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears both are on the rise.

But what if they weren’t? Would you wait?

Look at the actual reason you’re buying and decide if it is worth waiting. Whether you want to have a great place for your children to grow up, you want your family to be safer, or you just want to have control over custom renovations, maybe now is the time to buy.

Bottom Line

Buying a home sooner rather than later could lead to substantial savings. Let’s get together to determine if homeownership is the right choice for you and your family this fall.

For more information about Real Estate, Tips and Advice and Local Real Estate News check out our Facebook page! 

Posted in Tips For Buyers
Oct. 16, 2019

La Porte Fun Facts #1

La Porte Fun Facts #1

La Porte is rich in history. The San Jacinto Monument is a 570 foot tall column monument (one of the tallest in the World) dedicated to the “Heroes of the Battle of San Jacinto and all others who contributed to the independence of Texas.”  The monument is topped with a 34-foot star. The decisive Battle of San Jacinto resulted in Texas’ independence from Mexico.

Located at the San Jacinto Monument is the San Jacinto Museum of history. The Museum boasts with Texas early history. The San Jacinto Battleground is located on 1,200-acre park includes the towering San Jacinto Monument and the San Jacinto Museum of History. Visitors can ride to the top of the monument to take in a bird’s-eye view of where Texas’s independence was won.

For more interesting facts about La Porte tune into to our “Did you know……” on our facebook business page.

For more information about Real Estate, Tips and Advice and Local Real Estate News check out our Facebook page! 

Oct. 14, 2019

Existing-Home Sales Report Indicates Now Is a Great Time to Sell

Existing-Home Sales Report Indicates Now Is a Great Time to Sell

Existing-Home Sales Report Indicates Now Is a Great Time to Sell | MyKCM

The best time to sell anything is when demand for that item is high and the supply of that item is limited. The latest Existing-Home Sales Report released by the National Association of Realtors (NAR), reveals that demand for housing continues to be strong, but the supply is struggling to keep pace. With this trend likely continuing throughout 2020, now is a great time to sell your house.

THE EXISTING-HOME SALES REPORT

The most important data revealed in this report was not actually sales. In reality, it was the inventory of homes for sale (supply). The report explained:

  • Total housing inventory at the end of August decreased 2.6% to 1.86 million homes available for sale.
  • Unsold inventory is lower than the 4.3-month figure recorded in August 2018.
  • This represents a 1-month supply at the current sales pace.

According to Lawrence Yun, Chief Economist at NAR,

“Sales are up, but inventory numbers remain low and are thereby pushing up
home prices.”

In real estate, there is a simple guideline that often applies here. Essentially, when there is less than a 6-month supply of inventory available, we are in a seller’s market and we will see greater appreciation. Between a 6 to 7-month supply is a neutral market, where prices will increase at the rate of inflation. More than a 7-month supply means we are in a buyer’s market and can expect depreciation in home values (see below):Existing-Home Sales Report Indicates Now Is a Great Time to Sell | MyKCMAs we mentioned before, there is currently a 4.1-month supply of homes on the market, and houses are going under contract fast. The Existing Home Sales Report also shows that 49% of properties were on the market for less than a month when they were sold. In August, properties sold nationally were typically on the market for 31 days. As Yun notes, this should continue,

“As expected, buyers are finding it hard to resist the current rates…The desire to take advantage of these promising conditions is leading more buyers to the market.” 

Takeaway: Inventory of homes for sale is still well below the 6-month supply needed for a normal market, and supply will fail to catch up with demand if a sizable supply does not enter the market.

Bottom Line

If you are going to sell, now may be the time to take advantage of the ready, willing, and able buyers who are out there searching for your house to become their dream home.

Posted in Tips for Sellers
Oct. 11, 2019

League City Real Estate Market Report for September 2018- September 2019

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Oct. 11, 2019

La Porte Real Estate Market Report for September 2018- September 2019

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Oct. 11, 2019

Dickinson Real Estate Market Report for September 2018- September 2019

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Oct. 11, 2019

Clear Lake Area Real Estate Market Report for September 2018- September 2019

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Oct. 11, 2019

Pasadena Real Estate Market Report for September 2018- September 2019

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