The Houston Real Estate Market

                                                         http://home.houston.rr.com/frieden/Houston.htm

 

     According to the statistics, the Houston market isn't how the national media keep talking about.  When the media talks about the crashing of the housing market, they aren't talking about the Houston real estate market.  Are there foreclosures in the Houston area?  Yes there are!  According to a study, Houston has averaged 1000 foreclosures a month for the past year and its looking steady at that number.  This may sound like a high number and it is except that we are talking about a market that has more than 2 million homes.  So 12,000 foreclosures a year isn't bad since there are investors picking them up as soon as they hit the market.

     The median home price has consistently gone up in the Houston area.  Currently the average increase is 5.5% over the past 10 years.  The Houston Association of Realtors shows the median home price for the nation is $220,200 and for Houston it is only $153,630.  The cost of living in Houston is much less than in many other major metropolitan areas which another reason to consider this real estate market.

     If you would like more information about the Houston (Houston, Sugar Land, Katy, Richmond, Rosenberg, Spring, Woodlands) real estate market, feel free to email me at DavidSlavin@remax.net .

David Slavin, ABR   http://www.sellmyhousedave.com/  http://www.fortbendhomefinder.com/

 

 

4 Comments on The Houston Real Estate Market

But are the units sold rising or declining as compared to same time period last year!  Most markets have had a slightly rising median sales price, but the units sold are dropping.  How does Houston hold up there?

01/31/2008 09:37 PM by Jim Crawford ~ Atlanta Real Estate-ABR E-PRO (RE/MAX Greater Atlanta)


I think Houston has definitely been hurt, but not like other areas.  And I do believe that the projected job growth helps our area!  I have faith.  It's not going to be easy, but I don't think it's not as bad some say.  As realtors, the key is ... to stay focused. 

In my opininon, it's a great time to buy if your in it for the long haul.  The rates are low and as you stated, HAR shows the median home price for the nation is $220,200 and for Houston it is only $153,630. 

02/01/2008 11:55 PM by Rocio Rincon (RE/MAX Professional Group)


I think Houston has definitely been hurt, but not like other areas.  And I do believe that the projected job growth helps our area!  I have faith.  It's not going to be easy, but I don't think it's not as bad some say.  As realtors, the key is ... to stay focused. 

In my opininon, it's a great time to buy if your in it for the long haul.  The rates are low and as you stated, HAR shows the median home price for the nation is $220,200 and for Houston it is only $153,630. 

02/01/2008 11:55 PM by Rocio Rincon (RE/MAX Professional Group)


Hi David - This is exactly the kind of information we need to keep providing at the local level. As more and more agents assert themselves as the local real estate experts, the public will come to them for info and begin to ignore the generalized media reports.

02/01/2008 11:58 PM by John Novak - Las Vegas and Henderson NV Real Estate (Keller Williams Realty The Marketplace)


Leave a response…

Name:
Notify me of new comments:
Comment:
What does the graphic say?
 
Real Estate Agent: David Slavin, ABR, SRES RE/MAX Grand, Katy, TX (RE/MAX Grand)
David Slavin, ABR, SRES RE/MAX Grand, Katy, TX
Katy, TX
More about me…
RE/MAX Grand

Office Phone: (281) 994-5783
Cell Phone: (281) 220-9082
Email Me
Real Estate is my life! My goal is to make your life less stressful during the buying or selling of real estate. I strive to make your real estate experience as pleasurable as possible. I'm Always At Your Service!

Links

Tags (Tag Cloud)

Archives

RSS 2.0 Feed for this blog
ATOM 1.0 Feed for this blog

Find TX real estate agents and Katy real estate here on ActiveRain.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2007 ActiveRain Corp. All Rights Reserved