Real Estate Market Information

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National Flood Insurance Program is Back for Now

Congress took a step in the right direction last week and acted on the bill that extends the National Flood Insurance Program.  Buyers and sellers throughout the nation, many right here in Houston and Katy, were left in limbo when the program was allowed to lapse prior to Congress leaving over Easter.

More Information About the Homebuyer Tax Credit

The Homebuyer Tax Credit is set to expire, and while there is talk about another extension, not everyone will require one to qualify. Click the image below the left to learn more about the tax credit and who will get an "free pass" if they didn't take advantage before the deadline.

 

FAQ about the Homebuyer Tax Credit

 

The Housing Market Continues to Lead Us to Recovery

Uncertainty has abounded since the market began it's downward spiral.  Though corrections have caused many of us to see a decline in home value, overall our area has faired very well and the nation as a whole is beginning to climb out of recession.

Click the image below to read this months report.  In it you'll find plenty of reasons to believe that the housing market is already on it's way back and will become stronger, and more stable, than before.

 

Katy Real Estate is Flying High

The word is out, and it looks like folks are paying attention.  We've seen a huge increase in activity in the world of real estate and it looks like there is going to be a mad rush to get things closed before the Homebuyer Tax Credit expires.  With this said, I wanted to take a moment to prepare our readers for what lies ahead.

Congress Takes a Break Without Extending the National Flood Insurance Program

Congress elected to take a break before passing critical legislation that may have a huge affect on housing, particularly those of us who live in Harris County. It is no big secret that flooding is a sensitive issue in Harris County. Folks who live in Houston know that you don’t have to live in a flood zone in order to experience a flood.

Information vs. Misinformation About The Real Estate Market

Where you get your information can be just as important as the information you are getting.  How can you be sure that the information you are getting is correct?  Unfortunately, mainstream media seems to adhere to a hard fast rule...misery sells.  When it comes to the real estate market, doom and gloom appear to be on the menu night after night regardless of the facts.  And while Katy Texas saw a slow down in the market, we didn't even come close to the difficulty our friends accross the nation endured.

Service and Real Estate

There is change in the air. Katy REALTORS® haven’t had it as tough as our friends in other parts of the nation, but it hasn’t been a walk in the park. REALTORS® throughout Houston have been forced to take a long hard look at their businesses. Some have had to move on to other industries while others have taken on part time jobs. Still others have taken on full time employment and continue to practice part time, waiting for the market to take a turn for the better.

Fannie Mae Offers Additional Incentives to Homebuyers

In an effort to help potential homeowners, Fannie Mae announced late last week that people purchasing a Fannie Mae-owned HomePath® property could receive up to 3.5% of the final sales price. This contribution could be used for closing cost assistance or to purchase appliances. This offer applies to properties listed on HomePath.com and applies only to owner-occupants, not investors who plan to use the property for income generation.

Changes are Coming to FHA

The lending landscape for potential home buyers has changed once again. On Wednesday the Federal Housing Administration Commissioner announced a set of policy changes intended to strengthen the FHA’s capital reserves and manage its risk while continuing to support the nation’s housing market recovery.

Save Money on Property Taxes in Texas

This just in…property taxes in the state of Texas are high! I know this isn’t breaking news; it’s more a reality that we all deal with. We do pay a huge amount in taxes, but thankfully we see a benefit in services and schools. The Katy Independent School District is a great example of what a high school tax can do for an area. You can’t get around it; you get what you pay for. But there is a way for a homeowner to save a little on their property taxes.

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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.