Real estate in Houston, Texas
Although our great state has seen some slowing in the real estate market, we have definitely fared better than most of the country.
Texas is still growing. There are more people moving into the state than moving out. The reasons include a good economy and a lower cost of living. We also have a better business [...]
Filed under: Uncategorized by Dwight's Real Estate Update
No Comments »
Last year’s real estate market ended on a high note with the average price of a single family home reaching $219,214. That’s the highest the average price has ever reached in the month of December, and was a 15.1 percent increase above the 2008 figure. For most of the year the average price for a single [...]
Filed under: Uncategorized by Dwight's Real Estate Update
No Comments »
According to Realty Trac (realtytrac.com), foreclosure filings in November placed Texas in 24th place of states having the most foreclosures. The Texas activity rose to 12,095 foreclosure filings, up 3 percent over October filings and 54% above November of 2008.
If there is any good news here, it’s that things could be worse. Due to short sales and [...]
Filed under: Uncategorized by Dwight's Real Estate Update
No Comments »
According to the Real Estate Center at Texas A&M, the Texas economy experienced a little bit of the national recession with a loss of 113,600 jobs from March 2008 to March 2009. The Center further stipulated that the U.S. economy lost more than 4.8 million jobs in the same time period. Some sectors [...]
Filed under: Uncategorized by Dwight's Real Estate Update
No Comments »
2008 will be remembered as the year that…. OK, lets hope that 2008 is not remembered at all. Well at least not the last 3-4 months. The year actually started off with some steam still in the Houston housing market. Although the number of sales declined each month from the same time in the previous [...]
Filed under: Uncategorized by Dwight's Real Estate Update
No Comments »
I’m sure you all are aware that Mr. Ed McMahon has recently suffered some financial trouble and was about to lose his 6 bedroom home to foreclosure. Well Ed has apparently escaped foreclosure and has found a buyer for the property.
It was reported that Donald Trump would help out the McMahons by either buying the [...]
Filed under: Uncategorized by Dwight's Real Estate Update
No Comments »
This month the National Association of Realtors reaches its 100th birthday. Originally called the National Association of Real estate Exchanges when it began in Chicago in May of 1908, the association has now grown into the nation’s largest trade group with more than 1.2 million members.
The NAR will celebrate the centennial milestone during its midyear [...]
Filed under: Uncategorized by Dwight's Real Estate Update
No Comments »
The overall news is still good. Economic growth in Texas is estimated to continue. On the most recent update, the future of Texas is steady growth for another 30 years. This past July, the state’s population reached 23,904,380. This population growth gives Texas three of the largest cities in the nation. Out of the top [...]
Filed under: Uncategorized by Dwight's Real Estate Update
No Comments »