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market: Good News! Houston Economic Outlook is Upbeat!! Houston Real Estate News - 07/07/11 09:00 AM
HOUSTON ECONOMIC OUTLOOK UPBEAT, REPORTS CBRE
HOUSTON (CB Richard Ellis) - Economic indicators such as job growth and housing offer an upbeat outlook for Houston, reports CB Richard Ellis in its second quarter 2011 retail market report.
Houston's economy is now back to prerecession levels, according to the Federal Reserve Bank of Dallas, and an "On Numbers" study of new data from the U.S. Bureau of Labor Statistics ranks Houston number one in retail job growth, with 4,100 retail jobs added since 2008.
Also, according to estimates released by the Texas Workforce Commission, Houston gained 45,000 jobs from May 2010 to May 2011.
The majority … (3 comments)
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market: Never Lose Your Passion! - 11/18/10 04:59 PM
Never Lose Your Passion!
Passion is the great equalizer. It can make up for a lack of experience and knowledge. I am not suggesting that you not develop your knowledge or experience - only that until you do, your passion will be interpreted by others as a strong belief in yourself, your mission and your purpose.
Passion is different from enthusiasm. The old outworn cliché says "Act enthusiastic and you will become enthusiastic." I have never subscribed to this philosophy. The reason is that if enthusiasm is an act which you use when things are going well, how do you … (5 comments)
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market: Real Estate News - Texas Looks To Lead The Way! - 09/30/10 02:07 PM
Real Estate News - Texas Looks To Lead The Way!
TEXAS ADDS 133,100 JOBS IN LAST 12 MONTHS
COLLEGE STATION (Real Estate Center) - Texas' economy gained 133,100 jobs from August 2009 to August 2010, an annual growth rate of 1.3 percent. During the same period, the U.S. economy added 278,000 jobs, an annual growth rate of 0.2 percent. The state's private sector posted an annual employment growth rate of 1.4 compared with 0.3 percent for the United States. : Almost half the new jobs in the country were added in Texas.
The state's seasonally adjusted unemployment rate rose from … (1 comments)
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market: U.S. Housing Starts in August Topped Forecasts - 09/21/10 09:31 AM
U.S. Housing Starts in August Topped Forecasts
By REUTERS
Published: September 21, 2010
WASHINGTON (Reuters) - Housing starts in the United States increased more than expected in August to their highest level in four months and permits for residential construction also rose, government data showed on Tuesday, suggesting that the embattled market was starting to stabilize following the end of a tax credit.
The Commerce Department said housing starts rose 10.5 percent, the largest increase since November, to a seasonally adjusted annual rate of 598,000 units. July's residential construction was revised down to show a 0.4 percent gain, which was … (0 comments)
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market: Great Article From Forbes.com about the Success of the Houston Market! - 08/18/10 05:41 PM
Great Article From Forbes.com about the Success of the Houston Market!
Model U.S. City - Innovation, job growth and immigration put Houston ahead of New York and
Boston.
Joel Kotkin, 06.07.10
Do cities have a future? Pessimists point to industrial-era holdovers like Detroit and Cleveland. Urban boosters point to dense, expensive cities like New York, Boston and San Francisco. Yet if you want to see successful 21st-century urbanism, hop on down to Houston and Texas, the Lone Star State.
You won't be alone: Last year Houston added 141,000 residents, more than any region … (2 comments)
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market: Senate votes to extend tax credit to homebuyers caught in backlog... - 06/17/10 11:05 AM
Senate votes to extend tax credit to homebuyers caught in backlog...
http://news.yahoo.com/s/mcclatchy/20100616/pl_mcclatchy/3538526
http://www.reuters.com/article/idUSN1618072020100616
http://weblogs.sun-sentinel.com/news/politics/dcblog/2010/06/senate_votes_to_extend_homebuy_1.html
The Senate has amended a bill to give homebuyers who were under contract on a home purchase by April 30 an additional three months to close the deal and claim the federal homebuyer tax credit.
Extending the deadline for closing from June 30 to Sept. 30 would allow lenders more time to clear a backlog of 180,000 homebuyers nationwide, said amendment sponsor Sen. Harry Reid, D-Nev.
The National Association of Realtors supports the amendment, saying Realtors have reported that as many as one-third … (0 comments)
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market: Houston Housing Market Sees Strong Price Appreciation at Years End - 02/15/10 03:15 PM
… (0 comments)
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market: Long-Term Demographics Continue to Favor Medical Investors - 04/03/09 09:07 AM
Vital Signs Fairly Stable in Sickly Market Deal Volume Has Dropped But Long-Term Demographics Continue to Favor Medical Office Investors
One of the major marketing claims developers made to investors regarding medical office buildings (MOB) is that they are "recession-proof" -- immune from the wild swings of market cycles that plague other property types due to their limited supply, the steady growth seen in health-care employment, and the oncoming wave of aging baby boomers sure to need medical care for the next few decades. And while it's become apparent that no property type is truly recession-proof, it certainly appears that MOB … (1 comments)
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market: Simple ways to enhance your online marketing! - 03/30/09 08:57 AM
Online Marketing Made Simple!
Internet Marketing Class
I'm a firm believer in Internet Marketing for Real Estate. According to studies, 87% of people looking for Real Estate shop on line firs. Most Realtors are terrified of the Internet or they just don't know how to effectivlymarket themselves and their listings using the Web.
First American Title Clear Lake has a great training class called Blogging, Podcasting and Search Engine Optimization. This class is a perfect opportunity for the "don't know how" Internet Marketing People. In this class we will go over what makes a good domain name. We will examine setting … (0 comments)
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market: Calling all buyers and people on the fence about there mortgages - 03/18/09 04:55 PM
We have just received an announcement and are seeing our lenders making a late day price change on interest rates, due to the amount of Mortgage Backed Securities purchase by the Government, here is an update on rates:
Loan Program Interest Rate APR Points
30 Year Fixed 4.375% 4.520% 1.000
30 Year Fixed 4.500% 4.624% 0.750
30 Year Fixed 4.750% 4.810% 0.000
15 Year Fixed 4.250% 4.503% 1.000
15 Year Fixed 4.375% 4.409% 0.375
15 Year Fixed 4.500% 4.604% 0.000
*The above is based on a 740 credit score, rate and term refinance, … (0 comments)
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market: Does "NO" no for now, or does NO mean forever? - 03/16/09 09:35 PM
"No" means "No for now," not "No forever."
"No" means "No for now," not "No forever."
Customer situations are fluid. Things change. On the first call of the day, a sales rep was given a "hard no" (one short of a "H--- no!"). At noon, the competitor's system came apart at the seams. The next contract went to the recipient of that morning's "hard no" by close of business on the same day. Go figure!
In order to keep in touch with "no" accounts, it is always good to regularly schedule callbacks. No one likes to say that it … (2 comments)
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market: New Stimulus and Stability Plans Equal Opportunities! - 03/09/09 04:57 PM
President Obama unveiled his plan to help stabilize the housing market and keep millions of borrowers in their homes. The Homeowner Affordability and Stability Plan includes two initiatives to help struggling homeowners. One is an incentive for homeowners who have less than 20% equity in their homes, or who owe more than their home is worth. The second part attempts to lower monthly payments for homeowners at risk of losing their home. Here is a brief overview of both initiatives.
Less than 20% equity in your home? Under current rules, those families who own less than 20% equity in their homes … (0 comments)
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market: Best Time to Buy a Home - 11/12/08 10:01 PM
November 4, 2008 8:11 pm
No one knows when we'll reach a bottom, but you can get a great bargain, if you shop around.
Questions: Given all the foreclosures and other problems in the housing market and the economy, do you think this is a good time for someone to buy a house? Or would I be better off waiting for the housing market to recover? -Mari, San Francisco
Answers: If you're asking me to predict when the housing market will hit bottom and when prices are likely to start climbing again, I'm sorry, but I can't help you. My … (0 comments)
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market: Forcast 2009 Your Home - 11/12/08 09:55 PM
Forget the old saw that all real estate is local. What's pummeling housing prices in your nabe is the same thing that's hurting them around the country: the credit crisis.
You know the drill - banks' troubles have made it harder for many home buyers to get mortgages, and those who do qualify have to pay more. A borrower with good credit and a
20% down payment recently got charged an interest rate of 6.7%, on average, according to HSH Associates.
It's true that this rate is not historically high (rates often surpassed 9% in the early 1990s). But it's more … (2 comments)
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market: Need to Squeeze More Money From Your Home - 11/03/08 08:50 PM
Sales of new homes rose unexpectedly in September--2.7% to a seasonally adjusted annual rate of 464,000 homes.
Good news, right? Not so fast.
The median price of a new home dropped 9.1% from a year earlier to $218,400, and September sales were still 33.1% behind the numbers posted a year ago.
In Depth: How To Squeeze More Money From Your Home
If you're a homeowner looking to unload your property and finding few buyers, there are alternatives to dropping the price below what's palatable. These options allow you maximize your cash flow so that you can stay afloat. And if … (0 comments)
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market: Real Estate Markets Most Likely to Rebound in this Market - 11/03/08 08:42 PM
If you're a homeowner seeing property values plummet, look to the commercial real estate market for solace. It might tell you which areas will recover fastest--and which will likely remain weak.
The Urban Land Institute recently asked 700 real estate professionals to name the best (and worst) places to invest in commercial real estate in the coming year. Those surveyed included private developers, Realtors and Real Estate Investment Trust executives. Their answers also apply to the residential market, since the single-family-home sector typically follows the economy. As wages go up and there are more jobs, more people can buy homes, pushing … (6 comments)
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market: Best Cities To Buy A Home - 07/30/08 09:32 PM
Houston, we don't have a housing problem.
The city's $152,500 median home sale price is up 6.6% from 2005. It boasts a low vacancy rate and an oil-rich economy. Throw in a bubbling entrepreneurial tech scene, and you've got four factors that put Houston on the top of our list of best places to buy a home.
San Francisco, Charlotte, N.C., Jacksonville, Fla., and St. Louis, Mo., are other areas buyers can feel safe investing in.
We examined the country's 40 largest metropolitan areas and looked at cities where home prices have appreciated over the last two years. We also measured … (7 comments)
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market: THE FREDDIE AND FANNIE CRISIS! - 07/15/08 07:40 PM
WHAT ARE THEY?
Fannie Mae and Freddie Mac are government-sponsored enterprises and the nation's largest buyers and insurers of mortgages. They pool some of the mortgages they buy from banks and sell them to investors, which effectively makes them middlemen between banks and investors. Fannie and Freddie hold or back more than $5 trillion in mortgages, about half the outstanding mortgage debt in the U.S. They are publicly owned and their stock is traded on the open market.
WHY WERE THEY CREATED? To give low- and middle-income Americans the chance to buy homes at a reasonable interest rate. The money they … (3 comments)
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market: Best Times to Buy! - 07/09/08 09:16 PM
A Conventional wisdom says that you need to stay in a home a minimum of five years to ensure that you recoup your purchasing costs. But with some markets soaring, this advice doesn't always apply.
It's All About the Market
Market conditions play a huge part in any decision about when to buy. Housing market values have varied widely from region to region in recent years. While the Florida market has seen meteoric rises in home values, Ohio has seen its real estate prices go into negative territory in the last year.
Do not buy high and sell low - if … (2 comments)
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market: Power House City!Houston, We have NO problem! - 06/27/08 01:21 PM
To find a hot spot where soaring oil and commodity prices, and the booming economies of the developing world, are keeping cash registers ringing and construction crews fully employed, you don't have to trek to Dubai or Moscow. You need travel only as far as Houston. In May, the unemployment rate in the nation's sixth largest metropolitan area was a measly 3.8 percent. In the past year, Houston-based companies, which include 26 Fortune 500 firms, added 71,000 jobs to their payrolls. The local United Way closed out its fiscal year with a record $76.1 million in donations. At the Galleria, a … (2 comments)
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Kevin Heinrich
Clear Lake City,
TX
More about me…
Heinrich Group
Address: 5827 Beaver Falls Dr., Houston, Tx, 77346
Office Phone: (281) 488-0607
Cell Phone: (281) 723-1982
Email Me
Real Estate News with a Value added punch Clear Lake Texas Real Estate
I think this is a good rule to live by!
"We are not put on this earth for ourselves, but are placed here for each other. If you are always there for others, then in time of need, someone will be there for you."
~ Jeff Warner
One last thought for the day:
"Winners Make it Happen, Others Let it Happen!"
kheinrich@firstam.com www.fatcohouston.com
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