Real estate in Houston, Texas
Sales data from the Houston Assn of Realtors shows that sales of single-family homes dropped to a total of around 2,800 for January 2009 and the average price also dropped to around $164,000. The highest total for single-family sales in the month of January was in 2007 when the total was 4,017. That was up [...]
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According to the Real Estate Center at Texas A&M, Texas gained 154,600 jobs from December 2007 to December 2008, while the U. S. economy lost more than 2.8 million jobs over the same period. Also during the same period, the state’s unemployment rate rose from 4.2% to 6%, and the U.S. rate went up to [...]
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According to an article in US News & World Report by Matthew Bandyk, Texas is one of the top or best states for starting up a business. One important reason is that Texas companies are able to do a large amount of business in a global way. Texas has the most globe-focused manufacturing sector in [...]
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Just a quick note here to remind you that it’s a great buyer’s market in many places and now may be the best chance to buy low and sell high later on.
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With another decline in total sales, it appears that many home buyers are sitting on the sideline waiting to see what happens in the economy, mortgage rates and maybe even the election in November.
The results for August 2008 from the Houston Assn of Realtors show the month’s total sales as 6,641 of all property types. [...]
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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
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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 sub-prime loan situation which has had a negative effect on banks, mortgage companies and other lending institutions has also put a financial strain on two of the nations largest suppliers of mortgage funds. I am speaking specifically about the Federal National Mortgage Association (FNMA), better known as Fannie Mae; and the Federal Home Loan Mortgage Corporation [...]
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CNBC chooses the top ranked states for Business in 2008 and Texas comes out on top. For more information about this year’s choice and details about the state’s economy, etc, go to the link below and see the video with all the details.
http://www.cnbc.com/id/15840232?video=789947678
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