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Houston Housing Market Update

Economic Forecast 2018

The Jessica McCreary Team at the luncheon Although the city of Houston is still picking up the pieces from the devastating Hurricane Harvey, the future is looking bright. We should not feel discouraged by that monster of storm that tore through our great city, but we should focus on what is to come in 2018. Dr. Ted C. Jones presented a promising presentation focusing on the economic forecast for this...

Repairing Flood Damage FAQ

1. How do I tell if my house is in the floodplain? Visit one of the interactive map websites hosted by the City of Houston, Harris County Flood Control or FEMA at the web addresses below and enter your address or zoom into your area. www.gims.houstontx.gov www.harriscountyfemt.org www.msc.fema.gov If you need help using City’s interactive map or don’t have internet access, you can contact the...

Get the Facts Before Buying or Selling in 2017

2017 Houston Real Estate Market Trends and the Impact on Home Buyers and Sellers Pixabay Image I’m excited to announce that the Houston Real Estate Market, as with most major metropolitans across the nation, is off to an impressive start. Demand for Houston homes has grown to an all time high with Realtors selling a record number of homes in 2016. The same resilience and positive momentum that...

2016 Real Estate Forecast

What does 2016 have in store for Houston real estate? Worried that oil prices will have a drastic impact on Houston real estate this year? The Houston real estate market managed to resist most of the effects of the energy downturn thus far, with home sales up. Coming off the last few years of an amazing real estate high, you may be worried when you see homes in your neighborhood not being sold in less...

HOUSTON HOUSING MARKET: IMPROVED HOME SALES IN JUNE 2015

Houston Housing Market Flexes Its Muscle in June Nice improvements for the Houston Housing Market, as home sales and prices rise to new historic highs, and with inventory continuing to grow. The Houston Housing Market's see-saw ride continued as June sales volume increased to 4.1 percent, with home prices setting new record highs, following May’s sales dip. Only homes priced below $150,000 experienced...

HAR Update: Home Prices Reach All-Time Highs

Houston Homes Sales Reach Record Breaking Averages If you feel like home prices in the Houston market keep going up, you're right. With the average and median home price at all time highs, homes won't be getting less expensive any time soon. Click below for the full report. HAR Market Update... "According to the latest monthly report prepared by the Houston Association of Realtors (HAR), May...

From Closing to Consummation… October 1st!

Yes you read that correctly. Starting October 1st, home closings will now be called consummations. After the financial crash of 2008, the push for financial regulatory reform began. In result, we now have a new way of doing things when it comes to rules, disclosures, loans and transactions in real estate. The goal of the reform was to actually make real estate transactions easier for the buyer and seller...

2015 First Quarter Market Trends

The trend I've seen over the past 3 months is that buyers are being much more cautious. The market is stabilizing and the days of buyers competing with multiple offers and coming in above list price are decreasing because the home inventory has steadily increased. When something has been on the market for more than 2 weeks, it doesn't mean there's something wrong with it, but it just shows that the...

1st Quarter Houston Housing Market Outlook

After attending a recent presentation by economist, Ted Jones, we had a better idea of how to forecast for 2015 and how gas prices could affect the Houston Housing Market. His talk focused on “No Place But Up” referring to interest rates, rents, prices, real estate and the economy in general. While Houston had an outstanding 2014, it doesn’t mean that 2015 will be a major downfall. 2014 was a...

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