The Houston Chronicle recently published an article about the surprising data just released by the Houston Association of Realtors. The date shows that although mortgage interest rates have declined to three-year lows and the Houston economy has been thriving, month-over-month homes sales declined in August. August is known to be one of the hottest months of the year – not just in terms of record high temperatures – but also for home sales. So, why the decline in sales? Horizon Wealth Advisors’ Director of Investments, Owen Murray, is quoted in the article discussing the timing of the most significant drop in mortgage interest rates and how it could still affect the real estate market. Check out the Houston Chronicle article today.
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