Houston Real Estate Blogosphere
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Housing Market

The most recently published posts in the Housing Market category
Real estate practitioners in vacation spots across the country say the market for second homes is hot as buyers grow more confident given signs of growth in small businesses. The median vacation home price is down from a peak of $204,100 in 2005, but agents in some locales say prices are beginning to spike upwards as the distressed inventory is all but depleted. Vacation-home buyers are s...
Read Post [Posted on 09/01/2014 By John Askins]
The latest  economic reports included some good growth grooves for the unofficial end of summer. Second-quarter gross domestic product growth was revised to more than 4%, the durable goods new order rate rose to the highest level in its history, and an index of consumer confidence returned to territory not seen since October 2007. However, a pullback in personal spending, a slo...
Read Post [Posted on 08/31/2014 By John Askins]
The priciest ZIP code in the country boasts a median home price of more than $4.5 million, according to a list by Forbes that tracked home prices of more than 20,000 ZIP codes nationwide to determine the most expensive areas.  Appraiser Jonathan Miller, chief executive of New York’s Miller Samuel, told Forbes that he’s seen an increase in listings that fall under the luxury bracket this year...
Read Post [Posted on 08/30/2014 By John Askins]
NEW LISTING! 12455 Briar Forest Drive, Houston, TX 77077 - MLS# 21601249 Normal 0 false false false EN-US JA X-NONE ...
Read Post [Posted on 08/29/2014 By Connie Vallone]
Seventy-five percent of single home owners ages 25 to 50 say home ownership is important to them, according to a new Century 21 survey. These are the top three reasons single home owners say they decided to buy: They viewed home ownership as an investment in their financial future; they were tired of paying rent; and they thought it was the right time to purchase a home.“We are in the mid...
Read Post [Posted on 08/28/2014 By John Askins]
Median list prices continued to move up in the majority of markets in July, according to realtor.com®’s latest National Housing Trend Report. The median list price is where half of active listings are higher and half are lower. The following markets posted the largest gains in median list prices in July year-over-year, according to realtor.com®’s data: Stockton-Lodi, Calif.: 31.9% ...
Read Post [Posted on 08/27/2014 By John Askins]
Home buyers who require financing for their home purchase can struggle to compete against buyers who have offers of all-cash.But cash deals represent a very small percentage in Texas, Utah, and New Mexico. Where are all-cash deals are the most prevalent? Cash deals represented 80 percent of home sales in June in Vermont; 58 percent in Nevada; 57 percent in Florida, and 51 percent in New York,...
Read Post [Posted on 08/27/2014 By John Askins]
 The combination of low inventory, high demand and rising prices put house sellers in the Houston market in a strong position. With a median sale price of $214,000 for the area! Are you thinking about selling your home? Are you hesitant ? Don't be . It's a Sellers Market right now. If you decided to list your home what part of town woould you move to? ...
Read Post [Posted on 08/26/2014 By Candice Godby]
The pace of existing-home sales rose for the fourth straight month in July, adding more evidence that the national housing market is improving.The national housing market continued to improve in July when existing-home sales reached their highest annual sales pace so far this year, NATIONAL ASSOCIATION OF REALTORS® data show.The median existing-home price rose to $222,900 in July, up 4.9% from Jul...
Read Post [Posted on 08/26/2014 By Garrett McWhorter]
Intense speculation continues on when the Federal Reserve will raise short-term interest rates. Minutes from the July Federal Open Market Committee (FOMC) meeting revealed the latest Fed analyses. But no firm conclusions were reached. According to the meeting's minutes, further examination of the economy's progress, the labor market, and inflation are necessary.Fed officials discusse...
Read Post [Posted on 08/26/2014 By John Askins]
Depending on how Americans' experienced last decade's housing crash—whether they were a home owner or a bystander reading about it in the news—as well as their age influenced their perceptions of home ownership today, according to a study by economists at the Boston Federal Reserve.Two-thirds of Americans who did not personally suffer a loss directly from the housing crisis and who knew of the hou...
Read Post [Posted on 08/24/2014 By John Askins]
Banks are increasingly telling borrowers that if they want to buy a home, they need to come with a higher down payment. Banks are requiring higher down payments in order to help mitigate the bank's risk as home prices continue to fall. Plus, banks say larger down payments discourage delinquencies. The median down payment in nine major U.S. cities rose in the past 12 months to 22 percent --the high...
Read Post [Posted on 08/24/2014 By John Askins]
Many borrowers are finding that the low mortgage rates are still out of their reach. So how can borrowers snag these rates before they do rise out of reach for many more? Basically, you need to prove to lenders you are less risk: Lenders offer the best rates to those who they perceive as low-risk borrowers.  Here are ways for consumers to show lenders that they are low-risk borrowe...
Read Post [Posted on 08/24/2014 By John Askins]
With Marcus & Millichap's National Apartment Report showing that the U.S. average for asking rents recently came in at more than $1,061 a month, housing analysts believe more apartment tenants will increasingly look to own.  Some expect the average monthly rent to rise to over $1,100 this year, which Paul Bishop of the National Association of REALTORS® says should prompt more potent...
Read Post [Posted on 08/23/2014 By John Askins]
I am writing this blog out of complete frustration with the lack of understanding it seems on WHO benefits and WHY there is an "Option Period" (or a Termination Option) on our contracts here in Texas.   Let me start with a bit of explanation for those who are not familiar with our Texas Real Estate contracts (which may in fact include some of the agents I have been co-oping with!):If it ...
Read Post [Posted on 08/22/2014 By Renee Buckhoff]
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