Happy belated new year, Houston housing industry friends.
This month we’ll look at four things:
1. U-Haul shows that Texas is still the place to be.
2. Fannie Mae forecasts sub-6% mortgage rates in 2024. What does that mean?
3. Quick look: Houston single family resale market.
4. M&A activity continues across the Texas homebuilding industry.
But first, current mortgage rates:
Mortgage rates decreased this week, reaching their lowest level since May of 2023. This is an encouraging development for the housing market and in particular first-time homebuyers who are sensitive to changes in housing affordability. However, as purchase demand continues to thaw, it will put more pressure on already depleted inventory for sale.
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