Markets Archives

NAR Finally Gets Real About Home Affordability Issues

The National Association of Realtors is out with a new method of gauging home affordability. As part of NAR's look at the the growing rift between housing availability and home affordability, NAR has developed a new affordability distribution curve and a home affordability score. The new monthly research is designed to look at home affordability conditions among different income percentiles, gauging how many homes on the market are actually affordable to various buyer income groups. The new affordability distribution curve and score show that many U.S. homes are no longer affordable to typical prospective buyers. [...]

By Aaron Layman|2022-08-06T13:30:36+00:00February 20th, 2017|Economy, Housing Policy, In the Press, Markets, Mortgage Rates, New Home Sales, Politics, Real Estate, Spin Cycle, Texas Employment|0 Comments

Monkey Business – Expert Says Affordable Homes Are Going Away
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Monkey Business – Expert Says Affordable Homes Are Going Away

Economy, Housing Policy, Humor, In the Press, Markets, Mortgage Rates, Real Estate, Spin Cycle, Texas Employment

Monkey Business – Expert Says Affordable Homes Are Going Away

Affordable homes are going away. With the prospect of rising rates, now is the time to buy a home. That is apparently the opinion of Dr. Luis Torres, a research economist with the Real Estate Center at Texas A&M. Torres, in a rather interesting piece in the Houston Business Journal seems to be confident that Houston's real estate market is on the road to recovery: “I can say this with some certainty that the worst of the downturn is behind us.” I'm not surprised that HBJ would print a piece like this (after all it is [...]

By Aaron Layman|2017-12-22T01:16:40+00:00February 5th, 2017|Economy, Housing Policy, Humor, In the Press, Markets, Mortgage Rates, Real Estate, Spin Cycle, Texas Employment|1 Comment

NAR: Existing Home Sales Up 5.9 Percent In October
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NAR: Existing Home Sales Up 5.9 Percent In October

In the Press, Markets, Mortgage Rates, Real Estate

NAR: Existing Home Sales Up 5.9 Percent In October

Existing home sales increased 5.9 percent year-over-year in October. Numbers from the National Association of Realtors put existing home sales for October at a seasonally adjusted annual rate of 5.60 million in October, a two percent increase from the previous month. This is welcome news from NAR, but it is also important to remember that this was before the spike in mortgage rates we have seen during the last month. "The good news is that the tightening labor market is beginning to push up wages and the economy has lately shown signs of greater expansion. [...]

By Aaron Layman|2016-11-22T21:30:36+00:00November 22nd, 2016|In the Press, Markets, Mortgage Rates, Real Estate|0 Comments

Mortgage Rates Rip To Highest Level Since July 2015

Katy Texas mortgage rates rose to their highest levels since July 2015 as we ended the week. That new home you may have been looking to purchase just became more expensive. Unless you already had a mortgage rate locked in, higher rates likely means higher home payments or diminished expectations. As Friday came to a close, mortgage brokers were discussing the wreckage of higher yields and looking at a new interest rate landscape, at least in the short term. Mortgage News Daily explained the closing of the week in the mortgage market... "The most prevalent [...]

By Aaron Layman|2017-12-22T01:52:34+00:00November 19th, 2016|Housing Policy, In the Press, Markets, Mortgage Rates, Real Estate|0 Comments

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"Could not have been more pleased with the entire process of selling my Katy house. Aaron was very professional and went out of his way to help kennel my dog before showings while I was at work. He had an outstanding knowledge of the entire real estate transaction process and was always very responsive to my questions. Would definitely recommend Mr. Layman to anyone I know!!"

Matt B., Home Seller

"Aaron helped us narrow down our choices and navigate the market. He is very knowledgeable about making a wise decision. He will help you find a house that you love and is a good financial decision."

Kristina R., Home Buyer

"Aaron was our realtor when we bought our house 13 years ago and he was our realtor when we sold our house in 2014. He is honest about the market and very helpful with all aspects of buying/selling a home. We would recommend him to anyone in need of realty services."

Paula O., Home Buyer & Seller

"We had several agents to choose from as we'd been in the area for several years. Aaron was an easy choice as he's knowledgeable and wasn't afraid to go after what's best for us, his clients! He kept us well informed throughout the process and was always prompt in answering questions from start to finish. We definitely recommend Aaron!"

Shanna K., Home Buyer

"Working with Aaron was the best decision we made when looking for a new home and selling our previous home. He is one of the most knowledgeable realtors in the area. He knows the numbers, the trends, and always has data to back up his recommendations and decisions. Likewise, he made the process simple and understandable at the same time. Aaron was always in our corner and always did his best to get the best outcome for us. I have recommended Aaron to many friends and family and would recommend him to anyone looking to buy or sell their home."

Angelo G., Home Buyer & Seller

Denton County Realtor Aaron Layman

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Markets

Monkey Business – Expert Says Affordable Homes Are Going Away

NAR: Existing Home Sales Up 5.9 Percent In October