Real Estate News

Aug. 4, 2024

July Market Update

HAR has published the initial results for the Houston Market in July.

A couple trends that I am noticing here; the list prices are still creeping upward, and at the same time the total inventory is also growing. We now have nearly 30,000 properties for sale across the city.

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May 5, 2024

NAR Settlement - Realtor Lawsuit Details

The National Association of Realtors just settled an antitrust lawsuit and it will have some interesting ramifications for the national Real Estate Market later this summer.

Based on what we know about all the nuts and bolts of this business, the potential effects of this are complicated and it …

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Posted in Real Estate News
May 3, 2024

Cinco Ranch Southwest Price Record Set!

There is a beautiful subdivision in Southwest Cinco with a picturesque lake surrounded by a 2 mile walking trail. There are only 30 homes there with waterfront views.

We just listed and sold one of the best homes ever built on that lake for nearly $300,000 MORE than any …

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Feb. 17, 2024

West Houston Market Update

HAR has published the full report for the January sales in Houston.

 

You can dig into the full report HERE and my thoughts are just below:

 

Every month I anxiously await to see if we're having any changes in the prices year over …

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Feb. 10, 2024

HOA Fees When Selling - Foundation and Cap Fee

If you ever sell a home is that belongs to a Homeowner's Association, one of the most common, and yet unexpected surprises you and your buyer may have when conducting that transaction, is that you find out there may be 2 closing costs you didn't anticipate.

 

They …

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Feb. 3, 2024

2/3/24 - West Houston Real Estate Update

The January Fresh Report has been published by HAR and Houston just continues to impress.

 

Average January list prices are up 2.6% compared to last year at $408,076, and I anticipate this number will continue to rise as we get into the spring and summer.

 

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Jan. 26, 2024

Let's Talk About Interest Rates

The Fed is believed to be planning to drop the Fed Funds Borrowing Rate at least 4 times over the next 12 months.

This means we could see Mortgage Rates back into the 5's by the end of this year.

If that happens, experts are saying that we …

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Jan. 10, 2024

December 2023 Real Estate Update

The December Fresh Report is in from HAR

The basic summary of this data is we have returned to a very similar inventory level that we had 4 years ago.

The difference now is that the average mortgage rates are about 2% higher than they were 4 years …

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Dec. 13, 2023

Feds Lowering Rates in 2024

Interesting headline this week from Business Insider.

They believe the Fed will cut their rate as many as 4 to 6 times next year as the economy cools.

You can read the full article HERE.

Obviously, an easing of the interest rates will eventually affect mortgage …

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