Real Estate and Events in Katy TX and Surrounding Communities

Archive for the ‘Home Renters’ Category

Real Estate Market Conditions – Video Update 01/23/2012

See the Home Inspections section for information on hardwood floors and more…

Real Estate Market Conditions Video Update 01/23/2012

NATIONAL NEWS
     Real Estate Outlook:  Housing at the Forefront of Concern
     City Report:  Beige Book
     Relying on an Agent
     Sell Your Home with Pictures
     Real Estate Outlook:  More Markets Show Measureable Improvement
MORTGAGE ADVICE
     Mortgage Moment
Q&A
     Home Inspections
     Buyers: Making the Right Choice
     Ready to Buy?
     How to Sidestep the Spread of Mortgage Fraud
     The Joys of Home Ownership
GET YOUR HOME SOLD!
     Why Show / Why Buy Webcast

Real Estate Market Conditions – Video Update – 01/16/2012

See the 10 tips for sellers in the Mortgage Advice section.  

Real Estate Market Conditions Video Update 01/16/2012

NATIONAL NEWS
     Real Estate Outlook:  More Markets Show Measurable Improvement
     City Report:  Forbearance
     Green Living:  Tips for the New Year

     Real Estate Outlook:  Mortgage Applications Down
     City Report:  Remodeling Pays
MORTGAGE ADVICE
    Mortgage Moment
    10 Tips for Sellers
Q&A
     Home Inspections
     Buyers: Making the Right Choice
     Ready to Buy?
     How to Sidestep the Spread of Mortgage Fraud
     The Joys of Home Ownership
GET YOUR HOME SOLD!
     Why Show / Why Buy Webcast

Real Estate Market Conditions – Video Update – 11/07/2011

 Here is the current real estate market conditions video update:   Katy Real Estate and Events Blog.

 

NATIONAL NEWS:  Real Estate Outlook: Pending Sales Decline; Mortgage Moment; City Report: Types of Buyers; 5 Great Things about Home Ownership;  Bankruptcy – a Financial Bailout?

MORTGAGE ADVICE

Q&A:   Ready to Buy?  How to Buystep the Spread of Mortgage Fraud; The Joys of Ownership; Choosing a Condo; Tips for Saving

GET YOUR HOME SOLD!  Why Show / Why Buy Webcast

      via Katy Real Estate and Events Blog.

Renters Spending 5% More Than Home Owners Realtor Magazine

According to the Daily Real Estate News recently, renters are outspending home owners on housing costs.

“In the last 26 years, home owners have increased the amount they spend on household expenses by 12 percent while renters have increased it by 22 percent, according to the study.”

Read more:  via Katy Real Estate and Events Blog.

HAR MLS Market Update: HOUSTON-AREA HOME SALES RISE FOR A FOURTH STRAIGHT MONTH

 

Average and median prices reach September highs; market on “strong footing”

 

HOUSTON — (October 18, 2011) — Houston temperatures finally cooled a bit in September, but home sales remained hot. Sales of single-family homes climbed nearly 17 percent when compared to one year earlier and accounted for the fourth consecutive month of increased sales volume. The prices of those homes achieved all-time highs for a September in Houston. In addition, months inventory fell to the lowest level since May 2010 while pending sales rose and active listings declined. All are considered signs of a healthy and balanced housing market as the fall season gets underway.

Continue:  HOUSTON-AREA HOME SALES RISE FOR A FOURTH STRAIGHT MONTH

Step-by-Step Guide to Buying a Home

 “Home buying knowledge before you start shopping is powerful. You will find that being an informed individual about the home buying process is empowering for you. Lucky for you that you came to the right place. So let’s get started buying your first home! ”

Before Buying a Home, Get Your Finances In Order

Line up your financing, set aside a down payment and study the loan programs available. By doing your homework, you will know exactly how much you can pay and what it will cost you.

By Elizabeth Weintraub, About.com Guide

via  HOUSTON – KATY AREA REAL ESTATE BLOG.

10 First-Time Homebuyer Mistakes – MSN Money

 This is good advice for the first-time homebuyer, and it is a good review for seasoned buyers.

“A house is probably the biggest purchase you’ll ever make. And, if you can avoid these missteps, chances are you’ll be happy with the home you choose. Are you gearing up to buy your first place? Shopping for a home is exciting, exhausting and a little scary, especially in this market. In the end, your aim is to end up with a home you love at a price you can afford. Sounds simple enough, right? Unfortunately, many people make mistakes that prevent them from achieving that simple dream. Arm yourself with these tips to get the most out of your purchase and avoid making 10 of the most costly mistakes that could put a hold on that sold sign.

1. Not knowing what you can afford.

We learned from the subprime mortgage mess, what the bank says you can afford and what you know you can afford or are comfortable with paying are not necessarily the same. .”

via HOUSTON – KATY AREA REAL ESTATE BLOG.

4 Steps to Minimize the Risk of Owning a Home

Tara-Nicholle Nelson, a Broker in San Francisco, is one of my favorite real estate/mortgage bloggers. Here is what her article in Trulia.com has to say about minimizing the risk in home ownership.

“Not so long ago, in a not-so-distant land, owning a home was thought of as the safest ‘investment’ around. Fast forward to the present day, and home ownership seems super scary to many people who can afford homes, and would like to own them, but are paralyzed by the fear of buying a lemon, or having a mortgage catastrophe.

Here are 4 simple steps to minimize the risk that you’ll become the main character in a homeownership horror story.

1. Stick with a fixed-rate mortgage. Recent data shows that adjustable rate mortgages, or ARMs, are increasingly popular, rising from 9 percent of the mortgage market in the fourth quarter of 2010 to 12 percent in the first quarter of this year. This might seem crazy to some, but in financially aggressive crowds, the lure of low, 3 percent#ish# interest rates on ARMs is enough to overcome any qualms. As well, today’s ARMs tend to have lower lifetime interest rate caps and require payment of principal, so they don’t adjust as violently as the subprime interest-only and option ARMs that contributed to the foreclosure crisis.”

Continue: 4 Steps to Minimize the Risk of Owning a Home: 

via Katy Real Estate and Events Blog.

Houston Home Prices Reach a Record High in June

Houston Home Prices Reach a Record High in June  – Home sales increase for the second time this year

HOUSTON — (July 19, 2011) — Houston home sales rose for the second time this year in June, with the average price reaching an all-time high and the median price achieving the highest level in nearly two years. The sales increase reflects the slowdown in home purchases that set in a year ago following expiration of the home buyer tax credit. The credit triggered a surge in home buying during the spring of 2010 that resulted in slower sales volume during the remainder of that year.

According to the latest monthly data compiled by the Houston Association of REALTORS® (HAR), June sales of single-family homes edged up 0.6 percent versus one year earlier. That represents the first increase since January when sales volume rose 8.4 percent. The under-$80,000 segment of the market as well as homes priced from $250,000 and above experienced increased sales while the popular middle range, consisting of homes priced between $80,000 and $250,000, saw declines. Compared to June of 2009, a year with no unusual market factors such as Hurricane Ike in 2008 and the 2010 tax credit, single-family home sales were up 2.7 percent.

Continue:  via Katy Real Estate and Events Blog.

Housing Market Predictions 2011: Home Prices May Still Be Too High

Housing Market Predictions 2011: Home Prices May Still Be Too High “by Ilyce R. Glink

What’s the forecast for the housing market for the rest of 2011? My prediction is that the market will continue to suffer for the balance of this year and well into next year. Why aren’t home buyers buying? Maybe they’ve heard the recent spate of bad housing news:”

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