Cinco Ranch Average Rents Still At Multi-Year Lows

Cinco Ranch average rents were still at multi-year lows in May. As we head into the summer selling season, some buyers will have a difficult decision to make, particularly if they are expats here on short-term work assignments. Looking at the Katy area rental market, the choices are still plentiful, and the rents in Cinco Ranch are still at hovering … Read More

NAR: Existing Home Sales Slip 2.3% In April

Existing home sales for April slipped 2.3 percent according to The National Association of Realtors. This comes on the back of the sharp correction in new home sales reported yesterday by the Census Bureau. Existing home sales for April posted at a seasonally adjusted annual rate of 5.57 million units. While down from the previous month, this was roughly 1.6 … Read More

Houston Home Sales – Real Estate Market April 2017

Houston home sales posted another positive month of growth in Houston in April. Sales volume of single-family homes rose approximately 3 percent, while sales of homes in the Katy area rose by double digits. The increase in sales volume in April was once again boosted by better new Houston home sales, and a sixth consecutive month of higher luxury homes … Read More

Housing Bubbles A Global Problem

Housing bubbles are easy to see, unless of course you are one those people in the real estate industry who feign ignorance for the sake of sales. For those who care to look, it is blatantly obvious that there is an echo bubble in real estate prices. It’s a global problem that poses a number of challenges, and the potential … Read More

Houston Texas Real Estate Market March 2017

Houston Texas homes were flying off the shelf in March as buyers showed no slights of slowing down even with slightly higher mortgage rates compared to last year. Houston saw an eleven percent increase in home sales activity, and some areas like Katy Texas eclipsed that with a 15 percent rise in sales volume. Houston luxury homes sales ($750,000 and … Read More

Katy Texas Real Estate Market February 2017

Katy Texas Real Estate

Katy Texas home sales rose 13 percent in February, besting the 4 percent increase in sales activity in the general Houston area. Sales of new construction were also slightly higher in February compared to the leap year month of last year. Despite one less day for the year-over-year comparison, sales volume was still in positive territory. It appears more buyers … Read More

NAR Finally Gets Real About Home Affordability Issues

The National Association of Realtors is out with a new method of gauging home affordability. As part of NAR’s look at the the growing rift between housing availability and home affordability, NAR has developed a new affordability distribution curve and a home affordability score. The new monthly research is designed to look at home affordability conditions among different income percentiles, … Read More

Katy Texas Real Estate Market January 2017

Katy Texas Real Estate

Katy home sales fell 10 percent year-over-year in January as the mean reversion continued to take shape in the Houston area real estate market. Houston as a whole saw home sales volume that was up about 1 percent. Sales of new construction declined in January, falling 5 percent within Katy ISD and down 4 percent in Houston. Single-family home prices … Read More

Monkey Business – Expert Says Affordable Homes Are Going Away

Affordable Homes

Affordable homes are going away. With the prospect of rising rates, now is the time to buy a home. That is apparently the opinion of Dr. Luis Torres, a research economist with the Real Estate Center at Texas A&M. Torres, in a rather interesting piece in the Houston Business Journal¬†seems to be confident that Houston’s real estate market is on … Read More

Reign Of Economic Error Continues To Plague Housing Market

New Home Sales

The reign of economic error holding back the U.S. housing market was on display again this week. New home sales for December came in well below estimates, falling 10 percent from the November euphoria. The National Association of Realtors reported that existing home sales softened to a seasonally adjusted annual rate of 5.49 million in December. That was a 2.8 … Read More