Market Trends....what's going on NOW!Mortgage consultant Anna Babineaux- excellence in service in the residential and commercial loan process


I encourage you to strive to obtain the latest information related to the mortgage and financial industry and consult with a mortgage professional to determine whether the article fits you or your market area.  Knowledge is Power, talking to those in the business will allow you to know whether the authors of the articles are biased to a particular industry and placing a spin on what is actually happening in the market.  Many changes in the mortgage industry have occurred since January 1, 2008.  Not all the change is bad; much is good and will afford more affordable loans to qualified buyers at rates and terms which truly mirror your credit strength, down payment ability, and debt to income.  The stronger each of these components are for you, the better the rate and the ability to reduce your housing expense.

  Hopefully these items provide value to you in all aspects of your life, Anna Babineaux

*View our archives page for past articles and information*


Best Cities to Buy a Home

By Maurna Desmond

Houston, we don't have a housing problem.

The city's $152,500 median home sale price is up 6.6% from 2005. It boasts a low vacancy rate and an oil-rich economy. Throw in a bubbling entrepreneurial tech scene, and you've got four factors that put Houston on the top of our list of best places to buy a home.

Ten cities worthy of a mortgage

Looming Boom ~ Texas through 2030

By James P. Gaines

The Lone Star State is being “discovered” by the rest of the country because of its affordable housing, lower cost of living and cost of business, greater employment opportunities and appealing lifestyle. Events and circumstances point toward a Texas-sized boom between 2005 and 2030.

Population and employment growth go hand and hand. Population grows because jobs are available, and jobs are created because of low-cost labor produced by a growing population. If Texas maintains its average employment-to-population ratio as it's expected to during the next 25 years (around 42.7%) the state will add another 4.5 to 5.8 million jobs. (As seen in the above table)

To read more of this very interesting article about the future of Texas and it's positive economy. click here

Houston - We Have No Problem

By Daniel Gross June 30, 2008

To find a hotspot where soaring oil and commodity prices and the booming economics of the developing world, are keeping cash registers ringing and construction crews fully employed, you don't have to trek to Dubai or Moscow. You need only travel as far as Houston. In May, the unemployment rate for the nation's sixth largest metropolitan area was a measly 3.8 percent. In the past year Houston based companies, which include 26 Fortune 500 firms, added 71,000 new jobs to their payrolls.....Houston's good fortune is largely a function o the current oil boom. But this isn't the type of gusher that lead to busts in 1981 and 1986. Instead, Houston is experiencing a 21st century boom fueled by a weak dollar and global growth..... Houston's economy doesn't run on oil alone. "We're really diversified," says Mike Ballases, chairman for the Houston region for JPMorgan Chase, tongue partially in cheek. "We're only 50% dependent on energy." The city's biggest employer: The Texas Medical Center, the non-profit megaplex that runs two schools and 14 hospitals. At Houston's port, the second busiest in America, the cranes are loading ships with industrial equipment. Exports rose 25% in 2007, to $72 billion. (To learn more about the Houston economy click here)





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