Juma Kayembe, Realtor

08/16/2023

How much house can I afford if I make $100000 a year?
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Despite earning a salary of $100,000, which is higher than the national median household income, 49% of people still find it difficult to buy a home. The 28/36 rule suggests spending no more than 28% of your income on housing expenses and no more than 36% on total debt payments. This means that on a...

08/13/2023

The Cost of Buying a House in 2023
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The current housing market is challenging for prospective and first-time homebuyers due to high home prices, mortgage rates, and low housing supply. The median price of a home in the US is $410,200, requiring a minimum of $12,306 for a 3% down payment, plus other associated costs. It is important fo...

07/31/2023

US Homebuilder Sentiment Surges

Juma Kayembe is a real estate agent with NB Elite Realty. Check out Juma Kayembe's listings or office listings.

07/30/2023

2023 Texas Legislative Update: Issues Affecting Real Estate Entitlement and Development
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House Bill 14, introduced by Representative Harris from Texas, allows for third-party review or inspection of development documents when the regulatory authority fails to issue an approval or disapproval within 15 days. The third-party reviewer or inspector must be a person employed by the regulator...

07/22/2023

Tips for Switching From Renting to Homeownership
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Moving to a single-family home is an exciting yet daunting task. To ensure a successful transition, it is important to plan ahead and budget for the move, declutter belongings, develop a timeline, research the area, and familiarize yourself with home repairs and maintenance. Finally, personalize the...

07/13/2023

Texas: Hottest Markets for Real Estate Development

Juma Kayembe is a real estate agent with NB Elite Realty. Check out Juma Kayembe's listings or office listings.

07/04/2023

As the Fed pauses interest rate hikes, will home sales increase?
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The Federal Reserve opted to keep its key interest rate at 5.1% Wednesday, following a two-year low inflation rate in May of 4%. This decision impacts borrowing for credit cards, car loans, and housing. The current housing market has been affected by the low interest rates, leading to a shortage of....

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

Terlingua residents see property taxes triple – or more – this year
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During the 88th legislative session, Gov. Greg Abbott called a special session to address property tax relief for homeowners. This is not just a problem in big cities, but also in rural parts of Texas such as Terlingua, a small town near Big Bend National Park. Property valuations and property taxes...

05/30/2023

Mortgage rates remain volatile, tick down after climbing for two weeks
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05/22/2023

US Markets That Are Most Likely to Keep Their Value

Juma Kayembe is a real estate agent with NB Elite Realty. Check out Juma Kayembe's listings or office listings.