Market trends significantly impact real estate decisions, shaping how buyers, sellers, and investors approach the market. In Midland, TX, where the real estate landscape is dynamic and ever-changing, staying informed about these trends is crucial. Midland 1st Choice - The Underwood Group, LLC, a leading real estate agency, helps clients navigate these shifts to make [...]
Home-staging basically is a tool that sellers use to make their home look warm and inviting while highlighting strengths of the home and down-playing weaknesses. There are companies that will stage your home for a fee, but it’s also something you can do yourself if you are interested in saving money. The number one priority [...]
Millennials are now the largest group of homebuyers and around 45 million Americans are going to reach the average first-time home buyer age within the next ten years. This is over 3.1 million more home buyers than in the last decade. All of this is causing a shortage of starter homes already. When you look [...]
People are flooding to Midland and Odessa as their economies are reaping the benefits from the oil boom. As Chicago loses residents, the Permian Basin is gaining them. Both Texas cities were among the fastest growing metros last year according to Census data recently released. More people are moving into the Permian Basin than are [...]
An online housing area study shows Midland and Odessa both have a new median multiple of 2.7 years. But what does that mean? The median multiple is considered the number of years it would take the median income in a real estate market to pay off the median home price. So, in Odessa and Midland [...]
Spring generally boosts the real estate market. Yet, the overall housing market has shown some signs of slowing last month. According to the VeroFORECAST™ for the first quarter of 2019, the overall trend just continues the slowing that appeared in the previous quarter. The good news for Midland though is that we aren't among the [...]
Not even the drop in oil prices has stopped the enthusiasm in the Permian Basin. The economy is still booming. The Permian Basin's output will continue to expand. Cost-reducing advances in technology means that over the next five years, U.S. oil production should be about equal to the production of oil in Russia and Saudi [...]
Midland County real estate is the hottest real estate market in the entire country, according to the June figures from the Permian Basin Board of Realtors. Midland County homes with sales prices between $300,000 and $399,999 only stayed on the market an average of 11 days! Then, when you leave price out of it, the [...]
