The temperatures may be cooling off in Houston, but the real estate market continues to be HOT!! Prices are climbing and inventory is low, so those rock bottom deals you've been waiting for....they're gone. There's been a lot of uncertainty and confusion about the market. Some people think we're in a seller's market and other's will argue it is a buyers market. In reality, both are correct.
I’ve got some bad news for you. Home values in Houston were down slightly in March 2011, falling .2% from February 2011. That’s the bad news, and that’s all I can give you that will keep the “glass half empty” persuasion satisfied. Now…how about some good news?
Changes in the Annual Mortgage Insurance Premiums are set to take affect on April 18th. While it isn't exactly earth shattering in terms of planning for potential home buyers, it does change a borrower's bottom line and, as you can imagine, it will cost you a little bit more.
First I would like to congratulate VCU on their accomplishment this past weekend. I was one of “those” people. I was one of the ones saying they didn’t belong. They were taking a spot that should have gone to someone else. Boy did they prove me wrong!
After watching them completely dismantle Purdue, I reflected on some of the comments I had made earlier in the week and I couldn’t help but think how this story, while it is still in the making, could relate to first time homebuyers.
January brought cold temperatures to the Houston area, but that didn’t stop the Houston housing market from heating up. January saw increases in both sales volume and average prices, with the average price of single-family homes reaching the highest level ever for a January in Houston.
Home ownership, it’s the American dream. But lately we’ve heard so much negative that a lot of people are thinking that this dream is more like a nightmare. Turn on the news, pick up a paper (they still have those things…right?), or glance at your IPhone or IPad and you’ll see plenty of reasons to believe that the dream was just a fairy tale.
January 26, 2011
All information in this site is deemed reliable but is not guaranteed and is subject to change.
The information herein is furnished by the owner to the best of his knowledge, but is subject to verification by the purchaser, and agent assumes no responsibility for correctness thereof. The offering is made subject to errors, omissions, change of price, prior sale or withdrawal without notice. In accordance with the law, this property is offered without regard to race, creed, national origin, disability or gender.