July 2022 Hayes Team NewsLetter

JULY 2022
THE OFFICIAL NEWSLETTER OF THE

1602 Juniper Knoll Way 201 E Trinity Street 6 Windflower Place
3 Days On The Market 20 Days On The Market 4 Days On The Market

Tract B FM 1127

TBD Ripple Creek 10709 FM 92 S
18 Days On The Market 12 Days On The Market
16 Days On The Market

819 Fall Creek Drive TBD2 Trail Ride Road 3011 Laurel Mist Court
3 Days On The Market 20 Days On The Market 4 Days On The Market

450 Oak Crest Drive 210 Lakewood Drive 80 Mccool Lane
1 Day On The Market 45 Days On The Market 9 Days On The Market

TODAY'S

Housing
Market


IN 1988, AVERAGE INTEREST RATE WAS 10.33%.

IN 2008, AVERAGE WAS 6.31%
IN THE 20 YEAR SPAN THE AVERAGE RATE WAS 7.68%

THEN THE CRASH OF 2008 HAPPENED. A CRASH CAUSED BY THE PRIVATE MORTGAGE LENDERS,
NOT BY A PANDEMIC, NOT BY OUR ECONOMY. HOW IS THAT MARKET DIFFERENT FROM
TODAY'S? WHAT ARE WE TO EXPECT FOR THE REST OF 2022 & 2023? LET'S TALK!

INTEREST RATES HOUSE VALUE & THE MARKET

Take a look at that graph above one HAR.com reported that in May, the average home price hit
more time. Interest rates were $440,670, that's a 14.3% rise from 2021.


averaging 7%. Today's interest rates
are between 4.75 - 6.25%. Believe it Single-family homes - month's inventory for May was 1.6
months. Meaning? The length of time it would take for all
or not, THAT IS NORMAL! active homes, at that time, to be depleted from the market.




Yes, interest rates were half of that in Where homes were flying off the market, going under
2020 & 2021, but that was just TWO contract on Day 1 with multiple offers, are now just steady
YEARS. In 2018 rates averaged 4.54% selling. Meaning the housing market is settling down. This
is good news for buyers, and less stress for sellers to find a
according to FreddieMac. The
economy is shifting us back to new home.
normal, back to our pre-COVID era.
RENTING?

Renters! Have you heard- "when you pay rent, you're
paying for a mortgage, it's just not your mortgage?"



That is true! So many new programs are now available for
people with FICO scores under 600. Found your dream
home but don't qualify just yet? With one of the many
programs available to you, you can lease your dream home,
live there while you work on your score and save money;
then, turn around and get approved for a mortgage loan to
buy that home while having built on your equity. Ask one of

our agents for more info!

The News Board! We Our Community!

AROUND THE 15TH OF KEEPING THE KIDS BUSY
EVERY MONTH WE SHARE DURING SUMMER VACATION!

OUR CURRENT NEW & Waterparks: Big Rivers,
ACTIVE LISTINGS ON Schlitterbahn, Great Wolf Lodge

FACEBOOK! Museums: Children's Houston,

The Woodland's Children's
Museum, HMNS
GO FOLLOW US ON
FACEBOOK, IF YOU DON'T Arcades & Bowling Alleys: Main
ALREADY! THAT'S WHERE Event, Escape Rooms, Dave &
Busters, Max Bowl
WE POST ALL OF OUR Art & Creation: Potteryland
NEWEST LISTINGS WHEN Studio, Painting with a Twist,
THEY HIT THE MARKET! Summer Break @ Museum of Fine
Arts
LNisetwings!

BUY | SELL | LEASE | INVEST

281-324-1300

www.realtybyjudyhayes.com