May saw a rebound in the average and median home sale prices, but sales continue to be off from last year by greater than 20%. The Houston real estate market sees inventory levels for the period staying steady as we move further into the selling season which suggests that housing inventory for the majority of [...]
This months report from HAR looks similar to that of last month with very little to say except the luxury market inventory continues to expand and the total sales in the luxury market continued to decline. Most of the drop seen in the median and average home sale prices can be explained by fewer properties [...]
The overall Houston housing inventory as of May 8th, 2009, came in at 6.2 months. This shows no change from the 6.2 months of inventory posted in April. Inventory for the lower price ranges declined, while inventory levels for the luxury market continued to expand. In fact, we saw another major jump in the inventory [...]
Consumer Alert: I personally really like the Lofts On Post Oak, but heard something very concerning about the project. This last weekend, we were discussing different high-rise and mid-rise condominiums at a home buyers’ seminar. When the Lofts On Post Oak were mentioned, Jill Stoneburner from Wells Fargo mentioned that Wells Fargo will not lend [...]
Houston Home Search
The video above is of a new site that has hit the Houston real estate market. It allows one to search every Houston metro area real estate listing by; days on the market, homes that have had recent price drops, pre-foreclosures, foreclosures, walk score and you can do the entire search by an [...]
Following my reading of the Houston real estate market report for April I was left once again a bit disappointed with the depth in which they covered the statistics. Once again HAR tried to blame the drop in the median and average home sale prices for the Houston real estate market on the number of [...]
Well, this weekend we will be holding another Houston home buyer seminar in the Galleria. If you scroll to the bottom you can find the time and location. I will be speaking on “How to protect yourself from over paying for a home in a declining market” along with “Is it really the time to [...]
The overall Houston housing market inventory is up to 6.2 months from 6.0 months, which may be partially because of the seasonal uptick seen in inventory levels just before the market moves into the selling season. However, I feel that the increase is more correlated to continued acceleration in the Houston housing inventory for the [...]
I was playing around on youtube.com today and happened to come by this video about Texas and how it is poised to prosper heavily in the near future. Some of the points in the video got me a little excited at the prospects for our great state. One major item to note is the shear [...]
A couple of months ago another agent in my office and the loan officer that we both frequently refer clients to got talking about how much bad information was floating out there. During our discussion we came to a consensus that the large fall off in sales even in the most stable parts of the [...]
