September 2009’s numbers versus those posted in September 2008 are up substantially, but really only brings a very small amount of improvement when you take the time to analyze the numbers deeper. Even the leaders at HAR said that it is unfair to compare this month’s numbers with those seen in September 2008 because of [...]
The Houston real estate market continues down a path of stability. With home prices seeming to hold as August saw another increase in the Median home sale price. The drop in the average home sale price for the Houston real estate market coupled with an increase in the Median home sale price lays credit [...]
Lately the national real estate market has been getting a lot of positive press as things in many of the markets covered by the Case-Shiller index have turned around and shown small increases in appreciation. Even though the Houston housing market is not included in the Case-Shiller index this press will likely have positive impact [...]
Pick A Good Buyer’s Agent
I have always enjoyed forums and recently ran into an agent who is begining to produce a series of great videos about Short Sales (A transaction in which a owner sells their property for less than the loan balance without bringing the shortage to closing but rather has the bank approve [...]
I was recently interviewed for an article written about the shape of the Houston real estate market. The article was written by Zachary Fox from SNL financial a major national real estate research firm. SNL financial usually only makes these articles available to subscribing members of their online research product. Since I was quoted and [...]
I ran into this video on Eric Blackwell’s blog. It details a gentleman giving a speach, directed at the prime minister of England that flows like your father lecturing you about miss using your allowance. The way the Western worlds governments have miss managed their budgets as of late I believe it is time that more [...]
Now that we are in the middle of the peak selling season, I believe it to be reasonable to judge the trend in Houston housing inventory. We have returned to an aggressive expansion in inventory in the $700,000 and above market. As the number of sales continue to decline and new listings continue to come [...]
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 [...]
