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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
Existing single-family home sales and prices in Texas were up last month from a year ago, according to the latest Multiple Listing Service data compiled by the Real Estate Center. More than 23,300 homes were sold in December compared with 20,775 a year ago — a 12 percent jump. Nearly 284,650 homes were sold in Texas last year, data showed. The median price was up 9 percent, from $175,8...
Read Post [Posted on 01/26/2015 By John Askins]
Home buyers who want a walk-in closet, but didn’t get one in their home, say they’re willing to spend $1,350 for one. That’s just one of the important findings in a Buyer's Preferences report compiled by the National Association of REALTORS®. Buyers who wanted new kitchen appliances but didn’t get them say they’re willing to spend $1,840 for them. Those who...
Read Post [Posted on 01/25/2015 By John Askins]
Some housing experts say a “mega-boom in home ownership” is brewing as Hispanic Americans look to join in home ownership. Indeed, Movoto, a real estate brokerage in San Mateo, Calif., predicts Hispanics will make up half of new home buyers nationwide by 2020. The growth in that time frame is expected to be big, considering that currently 75 percent of first-time home buyers are whit...
Read Post [Posted on 01/25/2015 By John Askins]
Some analysts are concerned that as home prices rise, investor and all-cash demand will start to shrink.  Who will step up in their place?  Robert Dietz, an economist with the National Association of Home Builders, notes in a recent article for U.S. News & World Report that “missing households” in today’s market who have delayed home ownership will eventually ...
Read Post [Posted on 01/25/2015 By John Askins]
Home owners trump renters when it comes to finding someone to date, according to a new survey of 1,000 single people. More than a third of women and 18 percent of men would rather date a home owner than a renter, according to the survey, which was conducted on behalf of Trulia. On the other hand, only 2 percent of women said they’d prefer to date a renter, while 3 percent of men said they...
Read Post [Posted on 01/24/2015 By John Askins]
Thursday and Friday are the most common days of the week when real estate professionals list a home for sale, according to 2014 existing-home sales data analyzed by the National Association of REALTORS®. Monday, Tuesday, and Wednesday follow in popularity in that order. The least popular days to post a new listing are Saturday and Sunday. Meanwhile, the most popular months for new listings ...
Read Post [Posted on 01/23/2015 By John Askins]
If you're in the real estate market attempting to purchase a new home, a Chicago Tribune article spotlighted some of the most common reasons for deals falling through, and how to avoid the deal killers.  1. Home inspections Problem: When home inspectors spot problems, buyers may want to back out if the seller isn’t willing to fix every single item surfaced on the list. ...
Read Post [Posted on 01/22/2015 By John Askins]
The Belvedere - Springwoods Village ***video tour of TheBelvedere        On the edge of a 12,000-acre forest in a sustainably planned development off of I-45 near Spring, Texas, is a premier new residential rental community. The Belvedere features 26 unique one-, two- and three-bedroom designs, refined finishes, desirable amenities and exemplary management. It ha...
Read Post [Posted on 01/21/2015 By Lacrima Cosnean]
The Federal Housing Finance Agency has directed Fannie Mae and Freddie Mac to explore "alternate" credit-score models and the credit history of the loans they back. The move is part of several efforts by FHFA to ease tight mortgage standards and help more potential buyers qualify for financing. FHFA Director Mel Watt has said expanding credit access is an important goal in 2015, but i...
Read Post [Posted on 01/21/2015 By John Askins]
With home listings competitive, buyers are looking for a neighborhood that has a greater likelihood of holding its value over the long term. But how do you know what neighborhood is doomed and which will appreciate over time?  A recent article at Bankrate.com says judging a neighborhood’s worth over the long haul comes down to two main factors: Jobs and access to amenities. ...
Read Post [Posted on 01/20/2015 By John Askins]
                    Those looking to buy soon in the Garden Oaks / Oak Forest area and hoping for newer construction will soon have an affordable option: Fisher Estates at Oak Forest, located off Oak Forest Drive between Judiway and Lou Ellen and only one block from Oak Forest Park.  According to previous real...
Read Post [Posted on 01/19/2015 By Tawnya Marney]
The falling cost of oil has worked its way through the economy, according to reports on consumer and producer prices and retail sales. Meanwhile, most Federal Reserve districts also have reported modest to moderate growth for December. Fed districts reported growth remained mainly "modest" to "moderate" In its monthly Beige Book, the Federal Reserve reported that economic...
Read Post [Posted on 01/19/2015 By John Askins]
A strong economy and low mortgage rates elevated Houston realty to record levels in 2014 as more homes were sold than ever before – and prices rose to record highs, as well. The Houston Association of Realtors reported 75,319 single-family homes were sold last year, the highest annual sales total in Houston’s real estate history. “The Houston housing market experienced its ...
Read Post [Posted on 01/15/2015 By Rene Hightire]
Million dollar-plus homes in the Houston area were hot commodities in 2014, with some 1,194 million dollar-plus luxury residences sold from January throughout October — the most in the entire state. In fact, Houston's high-end housing market reflects a 13 percent increase, the Lone Star's third highest jump over the same time frame in 2013. Those stats come from the Real E...
Read Post [Posted on 01/15/2015 By Rene Hightire]
Plunging mortgage rates sent mortgage applications skyrocketing last week, the Mortgage Bankers Association reported in its weekly survey. Mortgage application volume reflecting demand for home purchases and refinances soared 49.1 percent in the week ending Jan. 9, compared to the previous week, the MBA reports. Most of that jump was attributed to a 66 percent seasonally adjusted increase in...
Read Post [Posted on 01/15/2015 By John Askins]
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