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Katy Texas Real Estate Market February 2017

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 …

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Katy Texas Real Estate Market January 2017

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 …

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Katy Texas Real Estate Market December 2016

Katy Texas real estate finished out 2016 much like it started, with sales volume stagnating amid diminished affordability and increasing inventory. Home sales within Katy ISD declined seven percent during December while Houston area home sales rose about 3 percent. New home closings within Katy ISD were down 28 percent compared to December of 2015 while new home sales fell …

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Katy Texas Real Estate Market November 2016

Katy Texas homes were flying off the shelf in November as buyers hedged election year uncertainty and locked in their relocation plans. Compared to November of last year¬†sales volume in the Katy area was up by 19 percent. Sales in Houston as a whole rose by 21 percent year-over year. New home sales in the Houston area rose by 24 …

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Katy Texas Real Estate Market July 2016

The Katy Texas real estate market received a wake-up call in July as the brisk sales during the start of the summer selling season collapsed back to the overlying trend for the year. That trend has been a continued stagnation of sales with deflating prices. After the nice bump in activity we experienced during May and June, July home sales …

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Katy Texas Real Estate Market June 2016

The Katy real estate market experienced healthy sales volume during the month of June as Katy area home sales fared slightly better than Houston as a whole. Katy saw sales volume increase by roughly 6 percent compared to June of last year while Houston area sales of single-family homes decreased by 2 percent. New home sales were also strong during …

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The Sobering Truth About Houston Texas Employment Numbers

I have seen some egregious misrepresentations in major news media, but a recent article in the Houston Chronicle deserves an honorable mention for a lack of editorial professionalism and journalistic integrity. Anyone with a brain knows the Houston employment sector is much weaker because of the fallout in the energy industry. That’s why I nearly fell out of my chair …

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Katy Texas Real Estate Market January 2016

The Katy housing market was relatively flat in January as the economic backdrop in the West Houston Energy Corridor showed no signs of improvement. Single-family home sales in the Katy area fell one percent from the same time last year, slightly better than the Houston area’s 4 percent sales drop. New home sales within Katy ISD were off by roughly …

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Katy Texas & West Houston Real Estate Market – December 2015

Katy area home sales finished out the year on a bright note in December as both volume and prices held up rather well to the building market pressures. Sales in the Katy area were only down about 5 percent compared to the previous year. Prices were relatively flat in South Katy’s relocation market, while the average price of a home …

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Katy Texas & West Houston Real Estate Market – November 2015

Katy area sales volume rebounded slightly in November, but home sales were still lower year-over-year. Sales of homes within Katy ISD dropped by 3.6 percent from the same time a year ago with new home construction falling by 5 percent. All things considered, it wasn’t a bad month, particularly when Houston as a whole saw a 10.5 percent overall sales …