Monday, October 24th, 2011 at 12:19pm. 57626 Views, 0 Comments.
The houston market is one of the strongest new homes markets in the country. A search of Houston New Homes shows there are more housing starts in the Houston real estate market than in any city in the country. This is a testament to the health of the Houston economy in the midst of a national economic slump. Here are the latest figures for building permits. Houston 22,330 Dallas 15,499 Washington DC 9,488 Phoenix 7,212 New York 7,010 Atlanta 6,384 These are for metro areas so Washington DC includes Arlington and Alexandria Virgina. Not only is Houston the largest new homes metro market in the country it has more building starts than every state with the exception of Texas, Florida, North Carolina and California.
Thursday, March 11th, 2010 at 6:59pm. 10281 Views, 0 Comments.
Their were 2788 sales this month in the Houston real estate market. This is down 10% from this time last year. This was a pretty low month for Houston. In fact this is the worst month we have seen since January of 2000 when we saw 2653 sales. January was a pretty slow month across the country. It’s hard to determine exactly what led to the slowdown. We saw brisker sales in November and December even after taking into account seasonal fluctuations. The average and median price were both up compared to last year. The average price was up 17 percent and the median price was up 9 percent. With 31,581 listings we are not seeing much of a rise in inventories. We saw inventories from 31,384-31,579 from September to November of last year with a drop to 29,964 in…
Friday, December 4th, 2009 at 2:23am. 320091 Views, 0 Comments.
So the government is offering an 8k tax credit to help the real estate market recovery. There have been a lot of debates back and forth about whether the government should be spending this much money to help bolster the troubled real estate market. I don't want to get in to those arguments here. Suffice it to say that the 8k tax credit is very expensive but at the same time it is helping the housing market. So why would the government spend all this money and at the same time allow rules to be put in place which would effectively negate some of the positive impact of the tax credit.
Fannie Mae recently announced changes to debt to income rules. The debt to income ratio is basically how much debt payments one can have a month compared to their income.
Tuesday, October 27th, 2009 at 8:39pm. 1698 Views, 0 Comments.
Seasonally adjusted Houston home sales rose drastically in September. There were 5,315 sales in September 2009. That is up from 4068 in September 2008 (a rise of 31%). In August 2009 there were 5,478 sales this was down 12% from the year before. While the national real estate market seems to be improving Houston seemed to do especially well this month. If we look at the year to year sales in different markets we see
|City||Compared to A Year Ago|
|San Antonio||Down 3%|
In another encouraging sign active listing were down 16% from a year ago.
The question of course if this will last. Along with the country the Houston real estate market has benefited from a combination of low mortgage rates and a number of local and nation…
Thursday, August 13th, 2009 at 9:43pm. 2743 Views, 0 Comments.
We added a couple of additions to the site yesterday: a list of all the master planned communities in Houston, and a page dedicated to detailing most of the major zip codes in Houston.
Master Planned Communities
Houston has quite a bit of these types of communities. They're not too much different than regular communities, except that they're usually planned from the get-go rather than randomly built on like subdivisions used to years ago.
A new town, planned community or planned city is a city, town, or community that was carefully planned from its inception and is typically constructed in a previously undeveloped area. This contrasts with settlements that evolve in a more ad hoc fashion. - WikipediaWe've listed all the communities we've…
Wednesday, August 12th, 2009 at 12:45pm. 2384 Views, 0 Comments.
Looking to live in Swan Landing off the Gulf Coast? It's not really our market, but we just received word of a promotion they're offering, and we wanted to pass it along to our readers.
If you're looking to visit Swan Lakes soon, be sure to call us at 281-213-0032 to let us know. We'll call ahead and let them know you're coming for the lot promotion.
Even Better - Take another 1.5%* off for You
They're offering us higher commissions on these properties as well, so we can afford to pass along even more savings to you. Not only will you get $20,000* off your lot, but you'll also get a rebate of 1.5%* of the sales price our commissions are based on to use towards closing costs or upgrades.
Contact us online or give a call at 281-213-0032 if you're…
Wednesday, August 12th, 2009 at 12:09pm. 2002 Views, 0 Comments.
We get asked this question a lot. "Where are the most desirable places to live in Houston?". It's a really tough question to answer, because I instinctively want to answer that question from my point of view. However, it's important to remember that what may be nice to me, may not be nice to someone else.
Staying objective is one of the primary concerns for a real estate agent. I'll provide some numbers, market information, school reports, crime statistics; anything you'd like. Nonetheless, at the end of the day, it's never an answer I can give you because it'll always be my opinion, and not an objective answer you need.
I'm curious of what you think. What parts of Houston do you consider the nicest places to live? Which are the most desirable?…
Wednesday, August 12th, 2009 at 12:00pm. 1347 Views, 0 Comments.
We've just released a new page dedicated to Pearland; a suburb South of Downtown Houston. We've dedicated this community page to showcase homes for sale in the various communities in the area, along with a bit of information on schools and market information.
I think that pretty much covers the major communities in and around Houston. We're going to start concentrating now on showcasing many of the communities within these suburbs, focusing more on new communities under development now.
Tuesday, August 11th, 2009 at 11:12pm. 2111 Views, 0 Comments.
I'm going to start keeping track of various markets in Houston. There's one thing I love; charts! The charts below will update you on The Woodlands real estate market for single family homes.
As you can see, 2008 was a better year than this year so far. Home prices have fallen, thus resulting in a lower price per square foot across the board. Fortunately, the demand for homes hasn't changed a bit since you see about the same number of homes selling this year than last.
I plan to do the same charts to analyze the townhome & condo, and rental market in The Woodlands.
Tuesday, August 11th, 2009 at 8:00pm. 1162 Views, 0 Comments.
In the month of July, The Woodlands saw a steep decrease in single family home prices, while townhomes, condos, and rental sales were strong.
The number of homes going on the market in July were roughly the same as last year; we saw an increase of 18 more homes listed for sale on the market.
Unfortunately, the average sales price and days on market both took a turn for the worst. Average sales price per square foot plummetted by $16.70 down to $122.62/sqft on average for homes sold, while days on market rose just shy of 4 more days to 60 days on the market.
This tells me that single family homes in The Woodlands is seeing a decline in prices from last year, and that market has yet to make a full recovery. The demand for homes is still…
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