In recent posts, I have focused on the disparity of the Houston real estate market with the declining sales and rising sales price. A report from KHOU TV further demonstrates that disparity of many foreclosures in certain neighborhoods and increasing prices in others. You can view that report at the following link.
http://www.khou.com/video/index.html?nvid=276836&shu=1
Filed under: Buying, Home Sales, Investing, Mortgage and Lending, Relocation, Selling by Dwight's Real Estate Update
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In July 2008, the sales of all of the property types (being single-family homes, condos, vacant lots, etc.) totaled 7,052, which was 12.7 percent less than the same sales for July 2007. The total dollar volume was down 6.7 percent from July 2007. The July 2008 dollar volume was $1.5 bilion vs. the $1.6 billion [...]
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Forbes has designated Houston as the best city for earning a living. In an article written by Matt Woolsey, Houston was recognized because of its dynamic business environment, low unemployment and high wages realtive to income. To read the entire article and find out about other cities mentioned, click on the link below.
http://www.msnbc.msn.com/id/26338142/
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The average price of a single-family home in the Houston market has now reached a new high of $228, 448 according to the sales stats for the month of June 2008 from the Houston Assn of Realtors(HAR). However and once again, we had a month of declining sales. Sales of single-family homes was down 15% vs. [...]
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I don’t know how we are doing it, but the average home price keeps rising while sales of single-family homes have fallen again for another month. The average price for a single family home in the Houston area has risen to $214,732. That’s up one percent over the same period last year. Now once again [...]
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Sales of townhomes and condos experienced a comeby in April and reached a median price of $130,000. This was the most sales for townhomes/condos since August 2007 and represented a 5.1% increase over April 2007. The median price is not the average price, but the price in the middle between the lowest price and the [...]
Filed under: Buying, Home Sales, Selling by Dwight's Real Estate Update
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Is now the right time to buy a home? If you can qualify for the loan, have the cash for down payment and closing cost, then the answer is yes. The truth is… it may never be a better time to buy a home in Houston. At a minimum, you should at least be considering it.
If [...]
Filed under: Buying, Home Sales by Dwight's Real Estate Update
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