the brownstone group: The Greater Houston Area
- 03/03/14 11:30 AM
In a recent interview with Fred Welch, the vice president of regional economic development for the Greater Houston Partnership, 2014 was determined to be a strong year for Houston's real estate. "Our job forecast is down slightly from 2013 to slightly under 70,000 net new jobs in the region vs. 76,000 in 2013, but it still points to a strong local economy driven by our pillars of strength in energy, logistics and manufacturing." "The office market (corporate headquarters, financial services and back office support) will be robust in 2014. We have not yet overbuilt in the markets and sub-markets that … (0 comments)
the brownstone group: 5 Always Applicable Tips When Searching for a New Home
- 02/24/14 11:25 AM
As is common with any market, the real estate market has its highs and lows. And during the financial crisis that the rest of the country was facing, the Texas real estate market boomed. But a booming market can only stay at an excessive peak for so long. 2013 showed high demand for real estate in Texas, shortening inventory and appealing to sellers across the state. However, 2014 is predicted to slow from its manic pace to a more normal selling market rate, despite climbing interest rates and home values. A more 'normal pace' does not necessarily mean a worse … (0 comments)
the brownstone group: The Woodlands and Magnolia Real Estate Statistics for January 2014
- 02/17/14 02:42 AM
All statistics point to very little inventory and in most cases a seller's market. In The Woodlands with only 353 homes on the market and 335 homes either under contract or sold last month, it's clear to see the need for more homes to sell. Magnolia, although not as strong a market, is still doing great and in a seller's market in most price ranges. There are new neighborhoods popping up all around the area, but not enough or quickly enough for the demand. If you are considering selling, now is the time to get your house on the market. The buyer … (0 comments)
the brownstone group: December 2013 Market Watch Statistics for The Woodlands and Magnolia
- 01/08/14 10:30 AM
The market remains very strong in The Woodlands. Magnolia is also showing a strong market with price bands under $600,000 in a seller's market. Homes with pools continue to be a stronger draw than homes without pools as far as inventory turn is concerned. There are 4x as many homes without pools that are still in a seller's market. Over 2M is where it still is a buyer's market - take into consideration there are 28 homes over 2M in The Woodlands available to sell. If you are interested in selling your home and/or buying a new one, please contact me … (0 comments)
the brownstone group: The Home Search in the Digital Age
- 12/12/13 07:27 AM
In a society where everything runs on technology, it's important to be current in order to stay relevant in the market. Already, there are apps available to list and find homes.
The Search Zillow is a popular app that lists homes for sale with details about each property and includes a GPS feature to help you find each listing. Trulia is another mobile app that pulls information from its parent website. You can also find information on houses on the Redfin app, which includes photos and details on the listings. Most of these apps give you the ability to … (1 comments)
the brownstone group: Booming Economy Leads to Increase in Million Dollar Homes
- 12/12/13 06:34 AM
The Village of Indian Springs holds The Woodlands Reserve where the Frankel Building Group plans to construct 55 homes with prices starting around $1 million. The demand for homes at this price are increasing as the economic boom affects the Houston/Woodlands area. Compared to 2012, people have purchased 62% more homes, specifically 110 houses, within the seven figure price range this year according to the Houston Association of Realtors. "At the risk of jinxing it, it's a golden age for The Woodlands," said Kevin Frankel, vice president of Frankel Building Group, a Houston family-owned custom home building business that has … (0 comments)
the brownstone group: Leveling Out the Playing Field
- 12/11/13 10:42 AM
According to the National Association of Realtors, median home prices are expected to rise only 6% next year compared to last year's 11%. Home sales are predicted to hold steady in 2014, but due to a low supply of houses in the market, prices will continue to rise. This plateau-ing of home sales is the first reversal since 2011, when sales were on the rise. Lawrence Yun, the trade group's chief economist at the NAR annual conference, explained that the lack of income growth, higher home prices, and rising interest rates will effect sales. As it is, the existing home … (1 comments)
the brownstone group: The Moving Cycle
- 12/11/13 06:40 AM
Moving is a typical part of life. Many people move for occupational reasons but there are other motivational factors for Americans to uproot their lives. The search for lower taxes, cheaper housing, and similar communities also lead people to find new homes. These shifts affect the economy and political organization. That’s the argument in Shaping Our Nation, the latest book from political historian Michael Barone of the American Enterprise Institute and the Washington Examiner, who also-co-authors the biennial Almanac of American Politics. Barone goes on to site various nightmare versus dream cities in Shaping Our Nation. Nightmare cities include Detroit, … (0 comments)
the brownstone group: Springtime for Springwoods Village
- 12/11/13 04:07 AM
While it may seem like ExxonMobil has recently made the decision to move to the quickly thriving Woodlands area, the developer for the 1,800 acres of land has been waiting since 1961 for the opportunity. “[ExxonMobil] saw this giant piece of land on I-45 with nothing on it and eventually got to us and said they were interested in the location,” the Coventry Development Corporation Executive Vice President Keith Simon said. “But they were concerned that there was no infrastructure, no master plan, no nothing, and so what can we do?” The CDC whipped together a plan that convinced ExxonMobil … (0 comments)
the brownstone group: How to Find the Right Agent
- 11/17/13 06:54 AM
There's a lot of pressure in selling a home. Most people look for help with their local real estate agents, people who know the business and are familiar with the process. Looking for local, experienced help is always smart, but you also need to know where to look for a reputable agent who will do the best for you and your home. Here are some important steps in looking for that right agent. Ask Someone You Know. Looking to friends and family for their experiences in the market with particular agents can get you pointed in the right direction. Most … (2 comments)
the brownstone group: The Woodlands Chamber On the Move
- 11/17/13 05:18 AM
Recently unveiled, The Woodlands Area Chamber of commerce plans to move its offices to 9320 Lakeside Blvd. Building 2, a new high rise on the waterfront of Lake Woodlands Drive, from its current location off of the I-45 on The Woodlands Parkway. The move is a necessity with the present lease up in 2014. Moving requirements included ample parking, room for member tenants, and a scenic locale that conveyed "the beauty and amenities" of The Woodlands to visiting corporations looking to The Woodlands for their operations. Karen Hoylman, President and CEO of The Woodlands Area Chamber of Commerce (since 1996), … (1 comments)
the brownstone group: Bettering the Roadways
- 11/10/13 07:48 AM
If you're driving around The Woodlands as of late, you've probably noticed the traffic cropping up around various construction sites. Although the San Jacinto River Authority's Groundwater Reduction Plan (GRP) Waterline Project title is pretty long, there is an end in sight for the construction. The projected timeline contains a multiphase plan that will be completed in stages starting around the intersection of FM 2978 and Research Forest Dr. and Research Forest heading east (both due May 2014), and the last phase Pruitt Road to Rayford Road to be finished in May 2015. The necessity for this project stems from … (0 comments)
the brownstone group: The Woodlands and Magnolia Market Watch Statistics October 2013
- 11/04/13 04:08 AM
The Woodlands residential market continues to be strong and from everyone we hear from, it will remain so for sometime. In The Woodlands all price points continue in a sellers market except for homes over the 2 million price range. Homes with pools in the higher price ranges are also seeing slower sales. What we hear from buyers is that when the homes are higher priced, they expect a pool already built for those homes. Now is the time to buy if you are considering it. We are hearing about higher price interest rates around the corner. Although it has been a … (0 comments)
the brownstone group: Haunted Houses or Happy Huntings?
- 10/23/13 12:39 PM
You might think that houses closer to cemeteries may be harder to sell, but surprisingly, it looks like they might actually sell for a better price than homes farther away from cemeteries. According to Redfin, a national brokerage, these "scary" houses may take a bit longer to sell, but with no backlash to their prices. On the contrary, the online housing marketplace offers statistics showing that these haunting homes sell for higher prices. Looking at the comparison of houses less than 50 feet from a cemetery to those 100, 200, 500, and 1,000 yards away, Redfin states: "The numbers … (0 comments)
the brownstone group: The Woodlands and Magnolia Real Estate Market News - September 2013
- 10/17/13 08:49 AM
No secret to anyone that the real estate market in The Woodlands and surrounding areas continue to be very hot! The numbers below represent The Woodlands housing market overall. The numbers remain strong with double digit increases over last year and double digit decreases for number of days on the market from last year. The document showing months of inventory by price band in The Woodlands shows that all price ranges show it is a seller's market (except for homes over $2M). Magnolia is also in a seller's market in the average to lower price bands. This is still a great … (2 comments)
the brownstone group: The Newer, The Better?
- 10/15/13 03:25 PM
Throughout The Woodlands, older homes are being upgraded in villages such as Grogan's Mill. Since new single-family residential areas are not being as commonly built, Realtors and developers are better off building new homes in the place of older ones. This isn't easy to do in The Woodlands, however. The Woodlands Township and The Woodlands Development Company have restrictions in place that make it difficult for builders to tear down older homes and replace them with newer, bigger ones. Despite this, clients are calling for newer options. “In Grogan’s Mill the lots are a little bit bigger than … (0 comments)
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