Clients are tech savvy. By the time we talk to them for the first time, they are likely to know more about the market and what’s available than even just a few years ago. We are no longer their sole source of information on a property or the market. That doesn’t diminish our role, it enhances it. The speed of communications today makes it more important than ever to work with an agent that understands the significance of technology in today’s real estate market. Instant communication is not a part of customer … [Read more...]
NeighborhoodLIFT Houston Program – Down Payment Assistance Program
To help Houston overcome the effects of the housing crisis, the City of Houston is partnering with Wells Fargo banks and NeighborhoodWorks America to present NeighborhoodLIFTSM, a program designed to help communities attract qualified, prospective homebuyers to neighborhoods struggling with high inventories of unsold homes. The Neighborhood LIFTSM program is available for homebuyers to use at Avenue Place located just north of downtown off I-45 on 12 acres of land. Ninety Five new single family homes will be … [Read more...]
Housing is dividing Houston into Poor and Rich Areas
The residential Income Segregation index for a metro area is derived by adding the share of its lower-income households located in majority lower-income census tracts to the share of its upper-income households located in majority upper-income census tracts. Source: Pew Research Center Change in residential Income Segregation index between 1980 and 2010: Houston 29 Dallas 21 New York 9 Los Angeles 4 Philadelphia 11 A new study released … [Read more...]
Houston Real Estate – Not a Beautification Plan but an Investment
Let’s start by getting clear on real estate investing. While beautifying and improving our community may be a side benefit, the one, the ONLY reason to invest in real estate is to make money. Real estate investors want a return on their money, and that is the sole purpose in getting involved in buying a property. If investing in Houston, Texas real estate is what you are all about, you’ve come to the right place. If you have the proper investment strategy, you will know when to get involved, and when to back … [Read more...]
Buying or Selling: What to do after a Home Inspection
Whether you are buying or selling a property, you can get overly excited when an initial offered is tendered. Both sides are asking questions like is it too high, or too low? Will they counter, or will the offer upset them and will they walk away? It is part psychology, part business, part competitiveness, and partly exciting. It may be stressful, but keep in mind that at least in Texas, the initial offer is just the first part of the process. In Texas real estate buyers have two chances to negotiate when … [Read more...]
Houston’s energy corridor has 17 new projects in the works.
The Oil and Gas industry is the prime tenant of developers planning to build 6 million square feet of office space along I10. This stretch of Interstate 10 is known as the energy corridor. Recent leasing activity in the Energy Corridor has pushed vacancies down to 7 percent, according to Jones Lang LaSalle, a real estate firm. Rents in prime office buildings are $31.50 per square foot, 26 percent higher than they were at the end of 2008. Not all of the projects will be built. Not all of the projects will be … [Read more...]
Houston Real Estate: To Wait is to Lose Ground
We may be coming to some realizations about the Texas and Houston economy and how it has affected the real estate markets the past five years. One is that the recession in Texas, at least compared to elsewhere in the country, has lasted a relatively short time. Along with that, we are leading the nation in economic growth. Less Harsh in Texas Let’s look for example, at the percentage of delinquencies. In Texas, they are running at 1.5%, while in Florida the delinquency rate is 8%. Right now, Texas leads the … [Read more...]
Top 100 DIY Sites for Home Improvement
Are you ready to tackle that bathroom renovation you’ve been putting off? Before you pick up the phone and hire a contractor, why not save some cash and try your hand at it. Considering the cost of renovations for homeowners, DIY has gained popularity. The following list, created by Construction Management Degree.com contains 100 of the top DIY websites to help guide your home improvement projects, in no particular order. Founded in 2010, ConstructionManagementDegree.com is the only online resource which lists … [Read more...]
Leases are the key to success in the Houston Market
Why you should Consider Leases. Everyone has to live somewhere. That means people must either own their home or rent—or live with their parents. Do you know what segment of the Houston real estate market had the greatest increase last year? Single-family leases. They were up more than 16 percent compared to 2010. (Okay, country home sales were up 18 percent so leases technically had the second largest increase, but that wouldn’t serve the purpose of this story.) According to HAR’s January 2012 figures, … [Read more...]
HUD giving $151 million to 4 zones around Houston
More than 3½ years after Hurricane Ike, HUD announced May 9, 2012 that $151 million in federal disaster relief money is on the way to four areas of Houston to rebuild or repair homes and apartments. Housing officials have chosen to channel the money to Acres Homes, Independence Heights, a northeast Houston crescent centered around the Fifth Ward, and Sunnyside/South Park/South Union in hopes of contributing to neighborhood redevelopment, as well as fixing individual homes. Mayor Parker said she consulted Texas … [Read more...]
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