houston realtor: Houston Real Estate – Upper end market makes a sharp rebound
- 04/28/11 02:38 AM
The newest Houston Real Estate market report is out and shows the luxury home market has made a sharp rebound. Homes in the $700,000 - $799,000 range were up 56%, $900,000-$999,999 were up 19% and homes above $1 million were up 31%. This is very good news because for each and every luxury home that is sold, you will find there's trickle down effect triggering a purchase at the other price points. The industry report for all other price ranges shows small decreases in sales but it is really an indication in the market returning to normal demand and supply. During … (0 comments)
houston realtor: Houston Real Estate - Market Report
- 04/14/11 02:30 AM
The latest Houston Real Estate market report is out and shows the luxury home market has made a sharp rebound. Homes in the $700,000 - $799,000 range were up 56%, $900,000-$999,999 were up 19% and homes above $1 million were up 31%. This is great news because for each luxury home that is sold, there is a trickle down effect triggering a sale at the other price points. The market report for all other price ranges shows small decreases in sales but this is an indication in the market returning to normal supply and demand. During this same period last year, … (0 comments)
houston realtor: Houston Realtor Highlights Pending Legislation
- 04/01/11 03:41 AM
With the ever changing housing and mortgage regulation, as industry professionals and concerned homebuyers and homeowners, we must be aware of laws that could considerably help or hamper our ability to either sustain our profession or sell or purchase a home. In a response to events over the last few years, HUD and the Treasury Department have put out some very alarming suggestions in their recent report titled REFORMING AMERICA'S HOUSING FINANCE MARKET: A REPORT TO CONGRESS. My reflections on these proposed changes are not intended to criticize our government or spark a political debate. My opinions are only to alert … (0 comments)
houston realtor: Houston Real Estate Market Celebrates 2% Drop in Sales
- 03/18/11 03:55 AM
You might have had to read the title of this article a second time to make sure your eyes weren't playing tricks on you. The latest MLS statistics are out and they show a 2% drop in sales for February 2011 when compared to the same month last year. While a drop in sales is usually not greeted with open arms, let's examine why this is excellent news for the Houston market. First, in February 2010 we were still feeling some artificial inflation of the market due to the Federal First Time Buyer Tax Credit. While this incentive fueled a sharp rise … (0 comments)
houston realtor: New Homes in Houston Now Make More Sense Than Ever
- 03/09/11 01:56 AM
If you are looking to buy a new home in Houston and are on the fence, your decision just became easier. Builder Magazine just ranked real estate in Houston as the #7 Top Housing Market for 2011. With an expected 30% rise in the number of permits filed, buying a new home should be easier in 2011. There will be more available inventory as Houston builders begin start building spec homes again as well as new communities opening. In coordination with all of these positive factors, interest rates are still extremely low and make this one of the most affordable times … (0 comments)
houston realtor: Houston Realtor Warns of Mortgage Guideline Changes
- 02/28/11 03:57 PM
We can all remember the loan guidelines from a few years ago when just about anybody that wanted to buy a home could qualify for some type of mortgage program. While this produced a surge in home ownership, the relaxed lending guidelines is cited by some as a contributing factor in the current state of the economy. Even the most respectable economists and leaders in the real estate community agreed that their needed to be more stringent guidelines. In response to this, Congress along with the GSE's has made some pretty significant changes to these guidelines in the name of consumer … (0 comments)
houston realtor: Houston Realtor Joins Top Houston Real Estate Firm
- 02/20/11 03:25 PM
Houston Realtor Paul Silverman has joined Heritage Texas Properties as a Broker Associate at their Post Oak Park location. Along with his 10 professional designations, Mr. Silverman brings over 15 years of experience in the real estate field including new construction, sales, marketing, mortgage and technology. "When looking at my choices of offices to join, I was amazed at the level of professionalism and the quality of agents, staff, and management at Heritage Texas Properties" says Silverman, "they are truly a group of professional agents who have welcomed me into their family atmosphere." Heritage Texas Properties is Houston's largest independent real … (0 comments)
houston realtor: Houston Realtor's Market Report
- 02/12/11 08:42 AM
Real Estate in Houston is off to a great start in 2011. Although it is only early February, we are already seeing some very promising signs that buying a home in Houston will be a great move this year. Our first glimpse of the market came with promising signs for the first few weeks. Here are a few: For the week ending January 30, 2011, total pending sales have increase 18.1 percent compared to a year ago. For the same week, new listings dropped 8% indicating a reduction in available inventory Viewing January 2011 compared to 2010, we have seen gains … (0 comments)
houston realtor: Houston Realtor Completes Relocation Training
- 01/31/11 03:16 PM
Houston Realtor Paul Silverman has now completed the National Association of Realtor's "Successful Relocation Representation" course. "With Houston being one of the top relocation destinations in the country, it will be a great asset to have this additional training to help families not only find a home in this great city but also feel welcomed," says Silverman. In June of 2009, Forbes Magazine rate Houston as the #1 city to get ahead. Recently, Houston was named one of the top cities in the country to find a job. If your are a young professional moving to Houston, you should know that … (0 comments)
houston realtor: Real Estate in Houston - 2010 - A Houston Realtor's Perspective
- 01/18/11 03:41 PM
Is the glass half full or half empty? This is a common phrase used to judge optimism. When looking back at the Houston real estate in the last year, most of us would definitely see the glass as ¾ full. While several of the benchmarks showed numbers not indicative of gains, when compared to the national market, Houston did amazingly well and proved once again why buying a home is a good choice. During 2010, single family property sales fell 5.7% compared to 2009. While trying to remain optimistic about our economy, I would have to imply that most businesses would … (0 comments)
houston realtor: Top Tax Breaks for Houston Real Estate
- 01/11/11 02:37 PM
As we begin the new year, I wanted to point out several tax deductions that some people might overlook. As a Houston Realtor, it is my hope that I can save you some money on your taxes. These were compiled from several sources. 1. Mortgage Refinancing Costs - If you own your own home and you refinance your mortgage, you can deduct the points over the lifetime of the loan. If you have a 30 year mortgage, you are able to deduct one-thirtieth of the points every year. 2. Home Improvements for Energy Savings - You wouldn't think about it normally, … (0 comments)
houston realtor: Real Estate in Houston as Good as Ever
- 12/11/10 04:14 PM
For those of you that read my blog postings, you will often get the impression that I am a constant cheerleader for the Houston Real Estate Market. No matter what the report, I can always find the positive results and demonstrate how they help those looking to buy real estate in Houston. Every once in a while, I get some really good ammunition in my "box of fireworks" for the Houston market. This month, the Federal Housing Finance Agency's (FHFA) seasonally adjusted purchase-only house price index (HPI) proved my assumption correct once again. The HPI, calculated using home sales price information … (0 comments)
houston realtor: Core Reasons Why Buying a Home in Houston is Still a Good Choice
- 11/27/10 03:35 PM
With all the doom and gloom regarding the real estate market all over the TV and internet, it's no surprise that Houston still a shining light to the nation of a healthy housing market. While some might just see this as a Houston Realtor trying to look at the bright side, there are some key statistics that show why buying real estate in Houston is still a good choice. Here they are: Year to date sales are only down by 4% compared to the same time last year. While this decline is not welcomed with open arms, it still shows stability … (0 comments)
houston realtor: Houston Realtor Urges Buyers to Take Action on Low Interest Rates
- 10/26/10 10:27 AM
As we all have seen in the papers, on TV and the internet, interest rates are at historical lows. While most of us realize this is advantageous, very few calculate how much more buying power we have as a result of these low rates. For some, this could mean the difference between owning real estate in Houston or renting. When you look at principle and interest only, the savings or buying power is amazing. Let's take the scenario of a couple that makes a combined income of $120,000 per year with $1,500 fixed monthly debt. At an interest rate of 6%, … (0 comments)
houston realtor: Paul Silverman - Houston Realtor Joins Keller Williams Metropolitan
- 10/20/10 04:32 AM
Paul A. Silverman a real estate sales professional in Houston, TX has joined the Keller Williams Realty Metropolitan Market Center. Paul has an extensive background in working with first time buyers, new construction and has been in the real estate industry for 16 years. Paul has recently been awarded the 2008 National Award for Region 5 Marketing Director of the Year, the 2006 PRISM Award for Marketing Professional of the Year, and was one of four finalists for the 2006, 2007 and 2010 Texas Star Awards for Marketing Professional of the Year. In addition, Paul has achieved the MIRM designation, the … (0 comments)
houston realtor: Highlights of the Houston Housing Market
- 10/15/10 03:37 AM
The latest statistics for the housing market in Houston have been released and despite some mixed results, there were definitely some positive statistics indicating continued strength in the market. Here they are: Compared to a year ago, the days on market for single family homes has dropped 10% indicating that properties are moving faster. While this might not be as apparent by looking at the days on market for homes in your neighborhood, the numbers indicate that correctly priced homes are selling quicker this year than last. The next positive number is the average price is up 5% indicating continued strength … (0 comments)
houston realtor: Even Jim Cramer Endorses the Housing Market
- 10/08/10 03:29 AM
The housing industry's most vocal opponent finally saw the incredible opportunities there are in the real estate market. The following paragraph comes from the CNBC interview with him. Despite the continuous drumbeat of negativity about housing, Cramer remains positive, he told viewers during Thursday's Stop Trading! Consider last week's "totally glossed over" 9-percent increase in mortgage applications, he said. Or the fact that "there is no decline in housing year over year in price." And the "Mad Money" host refuted the idea that underwater mortgage holders automatically become renters. Speculators looking to flip homes for a profit may have done that, … (0 comments)
houston realtor: Texas Attorney General Tries to Halt Foreclosures
- 10/06/10 02:48 AM
Real estate in Houston has received some great news. Texas Attorney General Greg Abbott has written a letter to more than two dozen lenders asking for a temporary halt on foreclosures in Texas until the practices of the lenders can be evaluated to make sure the proper procedure was followed. Allegations of documents signed without proper review, refusal to allow proper time for homeowners to redeem their status, homes sold with valid contracts and other allegations led to this request. While the letters were written, it will take a court order to enforce this demand. Hopefully, the lenders that received this … (0 comments)
houston realtor: Houston Proves to Be a Great Place to Buy a Home – Again
- 09/28/10 06:15 AM
As published in today's Houston Business journal, Houston is expected to post the nation's strongest home price appreciation over the next year, according to a new report by Veros Real Estate Solutions. The article also states that "Houston-Sugar Land-Baytown is expected to see a 3.8 percent increase in home prices over the next year, more than any other U.S. city. Dallas and Amarillo home prices are expected to rise 2.7 percent. Beaumont/Port Arthur's projected price appreciation over the next year is 2.3 percent." When this is combined with the amount of available inventory for buyers to select and historically low interst … (0 comments)
houston realtor: Houston Realtor Shows More Reasons to Buy a Home in Houston
- 09/21/10 10:34 AM
With the latest market statistics released by the Houston Association of Realtor's today, they are even more reasons why buyers should act quickly to seize the incredible buying opportunity that is out there. While sales of single family homes dropped 16.7%, the months of available inventory is now at 7.8 months signaling even more homes for potential buyers to choose from. When you combine this with the historically low interest rates, there has never been a better time to buy a home in Houston or the surrounding areas. If you need a Houston Realtor to help you find a home, please … (0 comments)
The newest Houston Real Estate market report is out and shows the luxury home market has made a sharp rebound. Homes in the $700,000 - $799,000 range were up 56%, $900,000-$999,999 were up 19% and homes above $1 million were up 31%. This is very good news because for each and every luxury home that is sold, you will find there's trickle down effect triggering a purchase at the other price points. The industry report for all other price ranges shows small decreases in sales but it is really an indication in the market returning to normal demand and supply. During … (0 comments)
;)
;)
