Cinco Ranch Rental Prices Fall 6 Percent In April

Cinco Ranch rental prices remained weak in April despite relatively healthy home sales during the month. The glut of multifamily housing in the West Houston Energy Corridor and Katy has continued to take its toll on monthly rents. Average rents within the master-planned community of Cinco Ranch were down by 6 percent compared to last year. The pronounced softness in … Read More

Affordable Homes Vanishing In Houston Housing Hoax

breakeven estimate

While many in the main stream media continue to report the story of rising home prices in Houston, I thought I would take a few minutes to explain the Houston housing hoax. While your local appraisal district and local politicians may be happy to keep spreading this work of fiction, the fact is Houston home prices are softening in 2016. … Read More

Katy Texas Real Estate Market October 2016

Katy Housing Market

It was another rough month for the Katy Texas real estate market. Sales were flat during the month of October, but area home prices were not so fortunate. Home sales volume was flat within Katy ISD and for the Houston area as a whole during the month. New home sales volume did fare better in Houston, rising 9 percent, compared … Read More

Katy Texas Real Estate Market September 2016

Katy Housing Market

Home sales slowed throughout the Houston area in September, and the Katy Texas housing market was particularly soft during the month. While Houston homes sales volume declined  2 percent compared to last year, Katy saw a 7 percent year-over-year decline in sales volume. Closings of new construction in Katy dropped 28 percent compared to September of last year. On top … Read More

Katy Texas Real Estate Market August 2016

Katy Housing Market

Katy Texas real estate saw a nice bump to end the summer selling season as single-family home sales in the Katy area rose 12 percent compared to August of last year. Record low mortgage rates and higher inventory levels helped to lure more buyers off the fence in August. The Houston area as a whole saw sales rise by 6 … Read More

Election Year Surprise New Home Sales In July Rise To 654,000 (SAAR)

new home sales

New home sales for July rose to a seasonally adjusted annual rate of 654,000. According to the latest Census numbers for new residential sales, the median price of a new home in July was $294,600, up from $296,000 last year. The average price of a new home contracted in July was $355,800, up from $341,900. If the latest new home … Read More

Katy Texas Real Estate Market July 2016

Katy Housing Market

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 … Read More

Katy Texas Real Estate Market June 2016

Katy Housing Market

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 … Read More

Katy Texas Real Estate Market May 2016

Katy Housing Market

The local real estate market was active in May, as home sales rose throughout the Houston area. Sales volume of single family homes in Houston rose by 8 percent compared to last year, while Katy saw sales increase by thirteen percent. Fort Bend County saw sales volume increase roughly 5 percent YoY. New construction sales also saw improved in May … Read More

Katy Texas Real Estate Market April 2016

Katy Housing Market

The Katy real estate market remained tempered in April. Sales of single-family homes declined by roughly 5 percent year-over-year in April, while home sales in the general Houston area saw a one percent drop. Sales of new homes continued to show weakness in April, as sales of new construction in Houston declined by almost 6 percent. The softness in new … Read More