Lorna McCoy - EXP Realty

08/17/2023

WRAPUP 1-US new home sales fall, but trend remains strong
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New home sales in the US fell 2.5% in June, but were still up 23.8% year-on-year. The median new house price dropped 4.0% year-on-year. The housing market is showing signs of stabilization, with an acute shortage of previously owned homes underpining demand. Despite rising mortgage rates, the Fed ra...

08/12/2023

Why the Single-Family Rental Market Remains an Unstoppable Force
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The single-family rental (SFR) sector has experienced various negative impacts from record inflation, slowed investment activity and the second and third largest bank failures in U.S. history. The build-to-rent (BTR) model has experienced an explosion of investment in the past few years, but some ha...

07/31/2023

US Homebuilder Sentiment Surges

Lorna McCoy is a real estate agent with Kw. Check out Lorna McCoy's listings or office listings.

07/30/2023

Estate Entitlement and Development in Texas 2023 Update
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House Bill 14 by Harris (R) provides a framework for third-party review and inspection of development documents and improvements. It outlines criteria for who can review and inspect, and provides an appeal process for when a decision has been made. The purpose of the bill is to speed up the permit r...

07/13/2023

Addressing Housing Shortage Crucial for Continued Success in Texas

Lorna McCoy is a real estate agent with Kw. Check out Lorna McCoy's listings or office listings.

06/25/2023

Mortgage Rates Continue to Rise in the U.S.
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Freddie Mac's Primary Mortgage Market Survey shows that the 30-year fixed-rate mortgage rate has increased to 6.79% and the 15-year fixed-rate mortgage rate has increased to 6.18% as of June 1, 2023. This is due to the current buoyant economy and the likelihood of a Federal Reserve rate hike. Sign u...

06/17/2023

Beachfront Developments Come for Houston
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Inspire Communities is renovating a 17-acre mobile home park in Houston for up to $200,000. Meanwhile, Jerome Karam is building 30 townhouses for $650,000-$700,000 in League City and Legend Communities is building 70 beachfront condos on the Village of Tiki Island, ranging from $1 million to $3 mill...

06/11/2023

Small-Scale Multifamily Investors Face Financial Ruin
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Small-time multifamily real estate investors are facing significant losses due to the rise in interest rates. These investors often pool their money together in deals known as syndication, in which one or two leaders collect acquisition and management fees and take risks with the investors' money. F...

05/30/2023

Mortgage Applications Jumped Last Week
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05/22/2023

US Markets That Are Most Likely to Keep Their Value

Lorna McCoy is a real estate agent with Kw. Check out Lorna McCoy's listings or office listings.

05/21/2023

Home Prices Are Back on the Rise as the Spring Market Proves More Competitive Than Expected
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Home prices in the US have been on the rise again since March, with a 0.45% increase from February. This is the third consecutive month of price increases. The increase is due to a sharp drop in new listings, which is creating a bidding war among buyers and more homes selling for above asking price....

05/13/2023

Finding a credible and licensed home inspector
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Liana Rike from Tucker Inspections spoke to The Three about the importance of a home inspection when buying or selling a house. She recommends hiring a licensed and professional inspector to look at all the components of the home such as the roof, structure, plumbing, and electrical to assess any re...