Real Estate and Events in Katy TX and Surrounding Communities

Posts tagged ‘Homeowners’

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

One Minute Housing Market Update

Check out this month’s local markets and trends update.  Try out the neighborhood reports.

 

One Minute Housing Market Update

 

 

 

 

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

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.

HOUSTON HOME SALES RISE AGAIN IN JULY

 MLS Press Release: “HOUSTON HOME SALES RISE AGAIN IN JULY

The second consecutive monthly increase is still attributed to slower than usual home sales in 2010 following expiration of the tax credit HOUSTON — August 16, 2011 — What do you get when you compare seasonal summer home buying in a single month to the same month a year earlier shortly after a home buyer tax credit expired? If its July 2011 in Houston, Texas, its a nearly 17 percent increase in home sales. Last years third quarter slowdown in home sales continues to make this years generally typical real estate activity appear slightly more positive than it otherwise would be considered. July marked the third time in 2011 that sales volume entered positive territory. It also saw the average price of a single-family home reach its highest level for a July in Houston.”

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.

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

 Here is this week’s market update. Check out the Q & A section, too.

Real Estate Market Conditions – Video Update – 7/7/2011

– NATIONAL NEWS

– MORTGAGE ADVICE

– Q & A

– GET YOUR HOME SOLD

via   HOUSTON – KATY AREA REAL ESTATE BLOG.

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