I was reviewing one of my favorite real estate forums (realestateforum.com) and came across a posting by a member who goes by RogueDomains. He had noted that prices for domain names will be heading their way up. He noted that Verisign will be raising registry fees that they charge domain registrars. Dot com wholesale prices [...]
Every month so for this year, the Houston housing market had shown increases in inventory, all the while, setting records for both the median and the average home sale price. August numbers are in, and we saw a change in the trends for the Houston homes market. August is the first month so far this year to show a decrease in housing inventory. It is also the first month to show a consensus amongst price points. Three of the price ranges we have been following over the year showed drops in total inventory. We also had the average Houston homes sale price hold solid and a reduction in the number of foreclosures for all of Texas down 18% according to realtytrac.com. The only negative news for August is that we had a reduction in total Houston homes sales for the 12th month running. The Houston housing market had 5120 residential homes sold during August compared to 6998 in August of 2007.
I recently made a mistake in an effort to start a real estate professionals group on the digital point forums. I posted a do follow blog list in a thread at digital point without linking back to the source. With this error, I alienated a great group of bloggers by causing a massive influx of [...]
No one in their right mind can say that the Houston Homes Market is not beginning to slow with every month so far this year having more homes come on to the market than sold over the same period. Despite this fact I was astonished to see how many sellers were not making their homes available to be shown.
I had an out of town buyer contact me and wanted to find a home this weekend in the Houston Homes Market neighborhood of Kingwood. We picked out 15 homes they liked and thought out of these they would have no problem finding the place they wanted. However, this was just not the case. Click the link above to view this entire post.
The still strong Houston Homes Market has gotten a lot of positive press as of late. With Forbes Magazine naming the Houston Housing Market as the number one place to buy a home in 2008 and Kiplinger’s Magazine naming Houston the United States number one city for 2008, I felt it would make sense to note the Houston Homes Market’s top 10 hottest areas for my readers. These ten Houston Homes Market areas and Houston’s strong job growth have continued to push the Houston Housing Market median and average home sales prices to record highs each and every month, leaving the Houston Real Estate Market as the strongest and most stable market in the United States.
A new Houston real estate forum has been launched where people looking in the Houston homes market can get questions answered on all aspects of the buying and selling process. Questions can be anywhere from specific questions about home inspections to general questions about Houston homes market neighborhoods. In addition to Houston housing market topics, [...]
Houston Housing Market presents the first-time homebuyer federal tax credit in a easy to understand format using examples to assist in your understanding of how it affects you. As part of the “Housing and Economic Recovery Act of 2008” that was recently signed into law, Congress has created a new, temporary federal income tax credit to provide an incentive for first-time homebuyers. This is very good news for first time home buyers, in the Houston homes market, as it gives them a chance to join the home owner’s ranks without totally depleting their savings.
One thing that is keeping the Houston homes market strong is the availability of jobs. Even though the overall economy has been doing poorly throughout the country; Houston has kept a strong and stable job market. If you just graduated college or you just simply want a change from the area you have been living in because of the economic down turn, Houston, Texas is the place you should think of first. If you are already living in Houston area, you should be happy to know that you’re better off than most places in the country. While there is still area for improvement within the Houston job market, it is doing well compared to the national job market, which declined by 0.1 percent. The Texas Workforce Commission reported on August 15, 2008 that during the month of July, Houston employers were able to create 57,100 jobs for an over the year growth rate of 2.2 percent.
The Houston Housing Market continues to show strength in pricing. However, the Houston Homes Market posted declines in the number of homes sold with July of 2008 posting 5,885 total closed sales compared to July of 2007 which posted 6,856 Houston Homes sales. These numbers show a slight improvement over June of 2008 on a percentage basis, as July posted a 14.2 percent decrease in Houston Single Family Home sales on a year over year basis, while June showed a decrease of 14.7 percent on a year over year basis. This trend has again increased Houston Housing Inventory now pushing 6.9 months with a total of 36,287 active Single Family homes on the market.
The Houston Housing Market, just like everywhere else in the country, has been feeling a pinch due to the credit crisis. I was inspired to make this post after reading a blog post on BiggerPockets. This well written article by Rob Blake struck me as well intended, but inaccurate. So, I decided to post a paper that I wrote for a course while attending Cornell University. The course I wrote the paper for was taught by Jon Kleinberg, a true genius, and covered several topics on information systems and networks. One of the topics covered was on how asymmetric information can cause previously robust markets to halt trade in what seems like overnight. The paper below introduces how CDOs are packaged and what events led up to the collapse of the mortgage backed securities market and concludes with a link to an explanation for this occurrence using an academic paper written by Nobel Laureate George Akerlof
