Real Estate takes a turn:

 

DO NOT MISS the BLUE ANGELS flyover of Houston today! It starts at 12:30pm!

Here is the route:

 

On to Real Estate!

Here is my personal April market research

 

I will have more detailed stats as HAR comes out with their full report numbers later this month... But, for now...this is what I see.
NEW LISTINGS: Houston listed almost 3,000 fewer properties than the same month last year...but its still something that almost 10,000 homes went live on the market DURING the April lockdown....and their prices are essentially flat from a year ago. The market is showing signs of stability.
NEW UNDER CONTRACT:
More than 5,000 existing listings went under contract last month, these will lead to the May closings we'll be reading about in June.
WHERE ARE WE HEADED?
Even though the transaction count is lower than last year, the decrease in listings by sellers choosing to wait is leading to an inventory shortage in some areas of Houston which, combined with the record low interest rates, will lead to prices holding steady and even a seller's market in certain places.
PROPERTY TAX PROTEST DEADLINE IS MAY 15TH!
If you plan to protest your property taxes because you believe your assessed valuation was too high, the tax protest form
can be downloaded by clicking HERE.
Call me if you need help with market data to make your case.
Hurry because the deadline is approaching quickly!

 

THOUGHT OF THE DAY:

The future does not get better by hope...it gets better by plan.