Houston real estate market continues post-Harvey rebound

www.chron.com

Home sales rallied for the second straight month after Hurricane Harvey made landfall in late August, stalling or canceling real estate transactions across the Houston area. [Read more…]

Seller Negotiation Tactics That Can Backfire

www.realtormag.realtor.org

Homeowners should not become overconfident in a seller’s market, or they might end up sabotaging their sale. Realtor.com® recently featured common home seller negotiation tactics that can backfire, including:  [Read more…]

Texas residents are the most loyal to their home state

www.houstonagentmagazine.com

According to a new survey, Texas homebuyers are the most loyal, with the highest percentage of them looking to move within the state than any other state in the United States. LendingTree reviewed purchase mortgage loan requests for primary residents from October 2016 to October 2017 and found the percentage of requests looking to move out of their current state. [Read more…]

5 Reasons to Hire a Real Estate Professional When Buying or Selling!

www.keepingcurrentmatters.com

Whether you are buying or selling a home, it can be quite an adventurous journey. This is why you need an experienced real estate professional to guide you on the path to your ultimate goal. In this world of instant gratification and internet searches, many sellers think that they can For Sale by Owner or FSBO. [Read more…]

5 Reasons to Buy a Home This Fall

www.zillow.com

The days may be getting shorter, but the home-shopping benefits are growing.

Real estate markets ebb and flow just like the seasons. The spring market starts hopping when the sun comes out, flowers bloom and winter is over. Conversely, fall signals the beginning of a slower market, which could be good for buyers. [Read more…]

Following Harvey, Houston sees home sales rebound and strongest rental activity ever

www.bizjournals.com

Houston’s residential real estate market took a hit — in more ways than one — thanks to Hurricane Harvey, but the market is bouncing back.

Home sales plunged 24 percent in August as the storm interfered with end-of-the-month closings, the Houston Association of Realtors reported last month. But sales returned to positive territory in September, pricing remained strong and rental demand hit record levels, HAR reported Oct. 11.

Single-family home sales were up 4.2 percent year over year, for a total of 6,913 in September. That’s also up about 17 percent from 5,917 in August. Total property sales hit 8,150 last month, up 3.4 percent from September 2016, and the total dollar volume of all properties sold jumped 10.2 percent year over year to $2.28 billion.

Homes sales increased in all price points, except for those priced below $150,000. The biggest increase was in homes priced between $500,000 and $749,999, which saw sales increase 20.4 percent, followed by a 14.8 percent increase in those priced between $250,000 and $499,999.

Both the average and median sales price for a single-family home hit records for a September in Houston. The average sales price was $291,767, up 5.4 percent year over year, and the median increased 5.5 percent to $232,000.

Not surprisingly, the demand for rental properties also skyrocketed to record levels last month after Harvey’s widespread destruction displaced many Houstonians. Single-family home leases jumped 83.6 percent, while townhome/condominium leases soared 92.2 percent year over year. The average rent for a single-family home increased 7.9 percent to $1,886, and the average rent for townhomes/condominiums was $1,601, up 5.4 percent year over year.

[Read more…]