Cynthia Guest's Real Estate Blog

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(713) 824-5098

For the lowdown on the latest real estate news!
KELLER WILLIAMS REALTY METROPOLITAN
        EMAIL ME        5050 Westheimer Ste 200, Houston, TX 77056     Phone: (713) 621-8001     Fax: (866) 524-1155
Welcome to my blog created to provide you with the latest lowdown on Houston and Texas real estate! I'll be sharing as well timely trends in decor, market statistics, tips for homeowners, and pertinent news articles. Be my guest!
SEP
3
According to this Sept. 2, 2014  article http://www.bizjournals.com/dallas/news/2014/09/02/texas-ranks-at-top-in-the-nation-for-mortgage.html in the Dallas Business Journal, Texas has the highest mortgage closing costs in the nation.  The author's suggestion is to get at least three quotes from  lenders and try to negotiate for lower costs.
JUL
2
Demand for urban living in high-density areas of Houston ramps up. According to this article in the Houston Chronicle, more buyers in the first five months of 2014 sought out condos and town homes in close-in urban areas than single family homes.  http://www.houstonchronicle.com/business/real-estate/article/Demand-for-high-density-living-ramps-up-in-5593995.php
JUN
23
According to this article in  the Houston Business Journal, Forbes has named Houston the best city in the country for manufacturing.  Evidently, with the boom in the oil industry has come the need for infrastructure such as pipelines and refineries, and the jobs in manufacturing are increasing as well. Now the Houston-Sugar Land-Baytown metropolitan area is at the top for growth in jobs in manufacturing!
MAY
28
According to this article in The Houston Chronicle,  a noted economist has just revised his estimate upwards to predict 85,000 new jobs for the Houston area in 2014, an increase of 30% over his original estimate. http://www.houstonchronicle.com/business/economy/article/Houston-area-is-hitting-on-all-cylinders-5499522.php?cmpid=twitter-premium&t=515bc33d1af18660c2 in
MAY
14
A $110 Million medical complex is to be built near the new Exxon-Mobile campus near The Woodlands to accommodate the gigantic growth in that area.  St. Luke's will have another hospital there to accommodate the exploding job and population growth in that area. Needless to say, the housing market there is booming, too.  http://www.houstonchronicle.com/business/real-estate/article/110-million-medical-complex-part-of-Exxon-Mobil-5466888.php?cmpid=twitter-premium&t=fe38c61299f18660c2
MAR
3
Texas has won the Site Selection Magazine's Governor's Cup for 2013 for the most new and expanded corporate facilities. Learn how Texas has become a beacon of opportunity for businesses and entrepreneurs in this article from the San Antonio  Business Journal.
FEB
27
For a clever list of moving tips that really cut the time and labor involved and also help you get organized,   please read this short list of good ideas.  I loved the tip for packing dishes and china!
JAN
22
According to this report just released by the Houston Association of Realtors, 2013 was the best year on record for the Houton housing market. View http://www.har.com/mls/dispPressRelease.cfm?MONTH=01&YEAR=14  to learn more details in the full report, including how much prices are projected to rise in 2014.
JAN
2
Houston home prices have soared to the highest October on record according to the Houston Business Journal. Home sales have increased for the 29th straight month in both volume and price.  Inventory is down to 3.1 months of inventory, about 30% lower than last year, and the average sales price is up about 8%.
DEC
23

This is the year the housing market is rebounding nation-wide. Not only has housing regained the prices last seen in 2005, new housting starts are also on the rise, up 22.7 % in November.  Click  http://www.housingwire.com/articles/28338-housing-starts-jump-227#! to learn more.  We're seeing a lot of evidence here in Houston that the start rate for buildings with 5 or more units has picked up, reaching  354,000 in November nationwide.

 
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