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Believe or not Believe that is the question

November 8th, 2010


The media is full of stories about the real estate market these days....it's up....it's down....it's beginning to show signs of recovery....there's a "freeze" on foreclosures.....lenders have been guilty of "robo-signing" documents.....on and on and on.  What to believe?  Let's look a little closer (or narrower) to just the Houston- Atascocita/Kingwood  markets.  This is information I have actual knowledge of and get the weekly stats from HAR.com (our MLS provider). The weekly stats definitely show a decline in numbers of sales throughout the 7-county area that comprises the HAR.com service area.  This decline has been steady at about 10% since the end of the tax credit in April.  Additionally, inventory has been steadily increasing by 5-10% during the same period.  It doesn't take a rocket scientist to figure out that an increase in supply coupled with a decrease in demand means falling prices.  So yes, neighborhood-by-neighborhood, prices have fallen somewhat and less homes are selling.  But....homes are selling!  It may be a little slower but its not dead..There are 2 things to remember in a market like this:  (1)  Now is the time to buy and/or move up! and (2) You need the most experienced Realtor you can find to help you achieve your goals in today's market.  Won't you call me when it's time to buy, sell, or move up? Rates are still historically low... I know I just refinanced my home...Call me at 713-443-7653 or email your questions Brendabass@ymail.com

Disclaimer : The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the Houston Association of REALTORS®

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JLA Realty
5332 FM 1960 East Suite C, Humble, TX 77346   Get Directions
Phone: (713) 489-8130
Fax: (866) 720-7817
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