Current market conditions

Well, here's the " skinny" on OUR market in Houston once and for all....

According to Wayne Stroman, HAR chairman of the board, we are officially in a sellers’ market, with inventory levels lower than we've seen in 10 years. In short, buyers are out there gobbling up inventory faster than the builders can get new inventory on the ground!

But fears not buyers, interest rates remain at ridiculously low levels and banks have started to relinquish their hold on the purse strings! Furthermore, builders are once again buying up empty lots and building new homes to accommodate the needs of buyers.

If you want to learn more about the current housing trends in Houston, please visit www.realtor.org or HAR.com.

Until next time.....

Nicole Calderon