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Houston Real Estate Blogosphere
Houston Real Estate Blogosphere brings together all the blog posts of REALTORS from the Houston area in one place
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Housing Market

The most recently published posts in the Housing Market category
In fact, Houston was ranked Number 2 on Forbes list of Fastest Growing American Cities. Texas was named 2012's top state by Business Facilities magazine for having "the most dynamic economy of any state in the nation."Houston was also ranked Number 6 for the second consecutive year on the Penske Truck Rental list of Top Moving Destinations based on one-way rentals within the U....
Read Post [Posted on 11/25/2014 By Ronald Tata]
Sales of million-dollar homes are soaring: Deals on existing homes priced above $1 million climbed more than 16 percent in October compared to a year ago, according to National Association of REALTORS® housing data. The increase was bigger than any other price segment. "There is little volatility in the stock market. It is whoppingly higher, so people in the top 10 percent of wealth are re...
Read Post [Posted on 11/25/2014 By John Askins]
Find out why real estate is poised for a comeback this spring and why the mortgage interest deduction is important to the economy as a whole.April 17, Tax Day, is fast approaching. So, if you itemize, remember to take advantage of the mortgage interest deduction, one of the many benefits of home ownership. The MID saves the average home owner about $3,000 per year. In addition, as mortgage rates b...
Read Post [Posted on 11/24/2014 By Garrett McWhorter]
Consumer confidence, bidding wars, and smaller home inventories signal a bullish outlook for the housing economy.Things are looking up for home owners, home buyers, and the U.S. economy: More and more news outlets report improving real estate conditions. Plus, watchdog agency, the Consumer Financial Protection Bureau, has got consumers’ backs with proposed regulations that would ensure transparenc...
Read Post [Posted on 11/24/2014 By Garrett McWhorter]
Now that the U.S. economy appears headed on the right track, the Federal Reserve has debated whether to refine its guidance on interest rates. The Fed's word choices about potential changes in interest rate policy get closely scrutinized by investors, and Fed officials discussed recently whether they need to tweak the message they're sending to the market. The latest Federal Open Ma...
Read Post [Posted on 11/24/2014 By John Askins]
If you’re a renter thinking about buying your first property, you can be proactive about buying before you even start your search. Here are three steps you can take toward homeownership without signing any paperwork. Try out a homeowner’s budget. Although you can’t predict all homeownership costs down to the last penny, you can get a rough estimate of how it will affect your budget. Consid...
Read Post [Posted on 11/22/2014 By Brandy Clark]
One in four home sellers are reporting they’ve had to lower their list price, according to a report released by the real estate brokerage Redfin. That represents the highest level since 2011, according to the Redfin survey. It also represents a far greater number than in the spring, when just one in seven sellers reduced list prices.  More home buyers are showing a willingness to wait u...
Read Post [Posted on 11/22/2014 By John Askins]
Continuing debate to phase out or revamp Fannie Mae and Freddie Mac may make 30-year fixed-rate mortgages harder to find, housing experts say. A previous outline drafted by the Treasury Department, the Department of Housing and Urban Development have circulated over the last year calls for winding down Fannie and Freddie over the next five to seven years. Congress continues to debate the future of...
Read Post [Posted on 11/22/2014 By John Askins]
From CNBC: Sales of existing homes priced above $1 million jumped over 16 percent in October from a year ago, according to a Realtors report released Thursday, outshining every other price segment. The next strongest was the $750,000-$1 million range, up over 12 percent. Sales of homes priced under $100,000 fell 6 percent. To find out more about the growth of the luxury market segment, loo...
Read Post [Posted on 11/21/2014 By Alex Handley]
Home sales rise, foreclosures fall, and the latest national flood insurance deadline looms.In our Friday Five roundup of top housing news, we look at a return to traditional home sales: With rents on the rise across the country, many are taking advantage of low prices and short sale opportunities to trade in their lease for a mortgage. Also this week, we begin the countdown for national flood insu...
Read Post [Posted on 11/21/2014 By Garrett McWhorter]
Homebuyers were drawn into the housing market in October 2014 by low interest rates and a growing number of properties for sale, data from the NATIONAL ASSOCIATION OF REALTORS® show.The median existing single-family home price hit $208,700 in October, up 5.5% from October 2013, marking the 32nd consecutive month of year-over-year price gains. The median condo/co-op price reached $205,400 in Octobe...
Read Post [Posted on 11/21/2014 By Garrett McWhorter]
Home owners may be doubtful that the months of November and December will bring about a home sale. After all, aren’t potential buyers sidetracked with the holidays and likelier to postpone their house hunt due to bad weather and shorter days?   But sometimes the “off-peak” time to sell can actually be the perfect moment for sellers. Several studies show that, on average, homes listed...
Read Post [Posted on 11/21/2014 By John Askins]
Of the 25 largest metro areas, which one is the most affordable to home owners? Minneapolis is the newly crowned champ, edging out Atlanta in this year's 2014 Home Affordability Study conducted by Interest.com. The report takes an annual look at the cost of home ownership compared to income and expenses in the nation's largest metro areas, using data from the National Association of REALTO...
Read Post [Posted on 11/21/2014 By John Askins]
McAllen, Texas, has been ranked the most affordable urban area in the nation, according to a recent quarterly report by the Council for Community and Economic Research. The report ranked cities based on a cost-of-living index that covered housing, utilities, grocery items, transportation and health care expenses. McAllen’s cost of living is 15 percent lower than Austin, 61 percent lowe...
Read Post [Posted on 11/20/2014 By John Askins]
The U.S. apartment vacancy rate has fallen to some its' lowest levels in more than a decade during the past year, according to real estate research firm Reis Inc., some of the lowest rates since the third quarter of 2001, when it stood at 3.9 percent.  "Demand has been so strong to push vacancy rates to such a low level, yet we haven't seen rent growth of the magnitude we would normally expe...
Read Post [Posted on 11/20/2014 By John Askins]
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