Okay…here are the numbers for the first two weeks in Montgomery County Texas. With the holidays approaching the real estate market is doing what it normally does, which is decline the last 2 months of the year. However, this year, pending and solds are down an average of 25% from last year. Take a look 10/1-10/15/2008 [...]

These numbers are only for Montgomery County Previous Year - Sold 6,171 Average Price $244,653 This Year - Active 3,485 Average Price $338,799 We currently have 6.8 months of inventory Months of Inventory estimates the number of months it will take to deplete current active inventory based on the prior 12 months sales activity       

If you have been in the market for a home in the last few months waiting for the bottom…you are here.  Unfortunately for the average home buyer, they are paying too much attention to the media and the stock market and have put off buying a home until things turn around…and home prices rise. Home [...]

Ike has come and gone, now it’s time to sit and wait. I am very concerned with our neighbors south of us in Galveston, Clear Lake and Houston. I hope they all stay safe and dry. Although, some of us have experienced damage to our homes in one way or another, thankfully, we do not [...]

BuisnessWeek named Houston, TX as one of the most robust zip codes in today’s market. Saying that Texas economy is booming due to high energy prices. Not to mention all the jobs available in the Houston area. It’s no wonder homes are selling faster than other parts of the country. For months now, the media [...]

If you are thinking of buying a home but will more than likely need down payment assistance…you need to move quickly.  FHA has announced that they will be doing away the down payment assistance loan approvals as of 12/31/2008. They will not approve anyone needing down payment assistance after 9/31/2008. This means, you must have [...]

Texas REALTORS® establish connections with real estate professionals in Mexico Texas is no exception to the trend noted in this article (Foreign Buyers Flock to U.S. Housing Market by Aleksandra Todorova - Wall Street Journal - June 9, 2008) of increased interest from international buyers in U.S. real estate.  In fact, some Texas REALTORS® are [...]

No, it is not going down. The median sales price for existing homes statewide was actually up 1.3% in May 2008 compared to May 2007, according to the Real Estate Center at Texas A&M University. Check back in a couple of days and I should have the local market information posted for the Lake Conroe, Magnolia [...]

This is not a new program, but if you are in the market to purchase a foreclosure, you can do it with only $100 down. If you qualify for FHA financing and if you purchase a HUD home, you can put down $100 rather than the 3% that FHA normally requires. This goes for regular [...]

For the week, interest rates on government and conventional loans fell by about 3/8 of a discount point. The Fed meeting this week will be the most important event. The risks associated with floating ahead of this week’s Fed meeting are high. Don’t float…you may sink. Call your mortgage loan officer and lock in that [...]