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Another blow from Harvey: Houston home prices, rents likely to rise. There are an estimated 242,000 homes in or very near the known flooded areas of Houston, collectively worth about $61 billion based on pre-storm values, according to Ralph McLaughlin, chief economist for the real estate listings and data firm Trulia.
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Houston’s home sales dip in March for first time since Hurricane Harvey. Meanwhile, the average and median price of a single-family home reached their highest levels ever for a March in Houston. The average price was up 3 percent year over year to $292,756, and the median price increased 2.4 percent to $233,500. Total dollar volume of property sales in March inched up 0.7 percent year over year to nearly $2.29 billion.
See today’s mortgage rates, figure out what you can afford with our mortgage calculator before applying for a mortgage. Home Equity Line of Credit You might be able to use a portion of your home’s value to spruce it up or pay other bills with a Home Equity Line of Credit .
What to Ask Your Lender before You Commit – 1st Florida Mortgage For most people, it makes sense to first sign a purchase agreement on a specific property before trying to lock in a mortgage rate. Then, find a mortgage loan with a good interest rate (do your homework online to look at available rates) and consider asking your lender to (in writing) lock in the rate.
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The Special Liquidity Scheme (SLS) was set up as a lifeboat for Britain’s ailing banks in 2008. It allowed banks to swap unwanted, mortgage-backed securities for desirable UK Treasury Bills which.
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