Real Estate and Events in Katy TX and Surrounding Communities

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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.

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.

2011 MSN Real Estate Most Livable Bargain Markets – MSN Real Estate

2011 MSN Real Estate Most Livable Bargain Markets

By Melinda Fulmer of MSN Real Estate

Big-city glitz and glamour can wear thin when you’re struggling to pay your bills each month. If you’re ready to swap that condo for a house with acreage, or are just interested in a place that will upgrade your lifestyle without draining your wallet, we’ve got some suggestions for you.

MSN Real Estate and Bert Sperling of Sperling’s Best Places evaluated the most affordable markets within the nation’s 100 largest metropolitan areas and identified 10 livable areas: places where unemployment is lower than the national average, where commute times are mercifully short and where there are enough cultural and recreational diversions to keep most residents content. The result is the MSN Real Estate Most Livable Bargain Markets list.

via 2011 MSN Real Estate Most Livable Bargain Markets – MSN Real Estate.

Real Estate Market Conditions – Video Update 05/30/11

Besides the real estate outlook, check out this week’s updates about tornado relief, top towns for single moms and creative ways to curb spending – and the Q&A section.

Real Estate Market Conditions – Video Update 05/30/11

National News
– Real Estate Outlook – Existing Home Sales Fall
– Mortgage Moment
– City Report: Tornado Relief
– Top Towns for Single Moms
– Creative Ways to Curb Spending
Mortgage Advice
Q&A
– Are you Ready to Buy?
– Kitchen Trends for 2011
– Home Inspections 101
– Popular Landscaping Trends
– Modern vs. Contemporary
Get Your Home Sold!

Affordability Reaches Highest Level in 20 Years

Affordability Reaches Highest Level in 20 Years

Homes are more affordable to more families, according to the latest index for the first quarter of 2011 that shows affordability reaching its highest level in more than 20 years.

Nearly 75 percent of all new and existing homes sold in the first quarter of 2011 were affordable to families earning the national median income of $64,400, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index. The previous high was set in the fourth quarter of 2010 with 73.9 percent.

“With interest rates remaining at historically low levels, today’s report indicates that home ownership is within reach of more households than it has been for more than two decades,” says Bob Nielsen, chairman of the National Association of Home Builders.

Home horrors: Lessons from home inspectors – MSN Real Estate:

“Only a home inspector sees a house for what it really is: an opportunity for countless things to go wrong. By Karen Aho of MSN Real Estate

The Chicago couple did as homebuyers sometimes do and opted to pass on a home inspection. They had a longtime tradesman in the family and figured he could spot any serious flaws. Plus, the home had so many upgrades, what could go wrong?

After buying the house, though, they faced repeated problems with the furnace, one of the upgraded items. It would toggle on and off, or moisture would fill the flue. A repairman would come and they would shell out another $400 or $700.”

Read more: Home horrors: Lessons from home inspectors – MSN Real Estate:

via Katy Real Estate and Events Blog.

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