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REGISTER REAL ESTATE ADVISORS
        EMAIL ME        1614 Louetta Re Ste I, Spring, TX 77388     Phone: (281) 288-3500     Fax: (281) 288-3503
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16

AUSTIN (Texas A&M Transportation Institute) – With Texans preparing to vote on Proposition 1, which will provide funding for transportation projects throughout the state, the Texas Department of Transportation (TxDOT) has released its latest list of the state’s top 100 most congested roads.

Roads were identified through an analysis of 1,783 roads in 25 urban regions analyzed by the Texas A&M Transportation Institute (TTI).

Topping the 2014 list is the I-610 West Loop in Houston, one step ahead of I-35 in Austin (last year’s number one). Houston’s Southwest Fwy., US 75 in Dallas, and Stemmons Fwy., also in Dallas, round out the top five.

The report says the state’s worsening traffic gridlock is driven largely by a rapid growth in population without a corresponding growth in roadway space. The number of registered vehicles in Texas has nearly tripled — up 172 percent in the past 40 years — while highway space has grown by only 19 percent during the same time.

This year’s study also focuses on freight-related congestion. I-35 in Austin holds the top spot in that category, followed by the Southwest Fwy., Katy Fwy. and West Loop in Houston, and Stemmons Fwy. in Dallas.

Drivers on the 1,783 congested road sections endure a total of 570 million hours of delay each year, 34 million of which are caused by trucks. Those same trucks account for $2.6 billion of the overall $12.6 billion in total delay costs.

“Carefully monitoring our mobility conditions is the first step toward developing solutions — whether we mean system improvements or multimodal solutions,” said TTI Senior Research Engineer Tim Lomax. “Whether for planners or policy makers, it’s really important to have a strong grasp of the problem, because that understanding can lead to more informed decisions.”

Researchers also note that this year’s analysis underscores how congestion is affecting more Texans with each passing year.

“It would be easy to simply dismiss this as a ‘big-city problem,’” said TTI Research Scientist David Schrank. “But doing so would ignore the fact that traffic gridlock in Houston, Dallas-Fort Worth, San Antonio or Austin directly impacts the shipping cost of goods for every small community across the state, and that added freight expense is reflected in what we pay for those goods every day.”

Look for more on Texas’ gridlock problems in next month’s issue of Tierra Grande magazine.

The post Road Rage: TXDOT Report Identifies State’s Worst Gridlock Areas appeared first on Register Real Estate Advisors.

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14

WASHINGTON, D.C. (Associated Press) – The average 30-year U.S. mortgage rate remained at a 52-week low for the third straight week.

The 4.1 percent rate is down from 4.53 percent at the start of the year. Rates have fallen even though the Federal Reserve has been trimming its monthly bond purchases intended to keep long-term borrowing rates low. The purchases are set to end completely in October.

Freddie Mac also said that the average rate for a 15-year mortgage slipped to 3.24 percent from 3.25 percent.

The low rates, combined with a slowdown in home price increases, should help increase sales by making homes more affordable.

CoreLogic reported that home prices rose in July but at a slower rate than last year.

Greater affordability has helped the housing market recover over the spring and summer after sales and construction fell earlier this year. Sales of existing homes are at their strongest pace in nine months after rising for a fourth straight month in July.

The post Mortgage Rates: Steady As She Goes appeared first on Register Real Estate Advisors.

SEP
14

HOUSTON (RealtyNewsReport.com) – The city’s housing market had its strongest August ever, according to the Houston Association of Realtors.

There were 7,505 single-family home sales, a 1.1 percent increase from last August. The average price of single-family homes rose 6.4 percent year-over-year to $275,369. A 10.4 percent median price jump occured, bringing it up to $206,000.

Sales were particularly strong in homes priced $500,000 and up, which had a 16 percent increase.

The three-months’ supply was unchanged from July, but down slightly from the 3.3-months’ supply of last August. The current national supply sits at 5.5 months of inventory.

The post Houston Housing Market’s Best August Ever, Says HAR appeared first on Register Real Estate Advisors.

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12

Did you know that Houston home values have been rising for the past 12 months. If you would like to know the value of your home go to RREA.com/VALUE to have a FREE report sent emailed to you that will estimate the value of your home. We just need your name and the property address to find your home value.

This report will give you a lot of demographic information in addition to your home’s value and charts, maps and flood areas. This report gives you a wealth of information about the area you live in, your neighborhood, and your house.

Click HERE to calculate the value of your home.

The post Spring Texas Home Values appeared first on Register Real Estate Advisors.

SEP
11

On August 26, 2014, the Federal Housing Administration (FHA) issued its final rule to eliminate post-payment interest charges on FHA-insured single family mortgages.  NAR has urged FHA and Ginnie Mae to remove this prepayment penalty for years as the policy placed an unreasonable burden on consumers who already face high housing and closing costs.  Conventional loans, as well as loans from the Veterans Administration’s Loan Guaranty Program and the U.S. Department of Agriculture’s Rural Housing Service loan program, do not have post-payment interest charges.  The policy change will prohibit mortgagees from charging borrowers interest on their home mortgages after a principal balance pay-off.  The final rule will go into effect on January 21, 2015.  YEAH!!

The post Elimination of FHA “Prepayment Penalty” appeared first on Register Real Estate Advisors.

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3

Remodeled and ready for move in! Don’t miss this beauty in Cypresswood Estates. Call 281-288-3500 to learn more. Check out the video below.

 

See all Homes for sale in Cypresswood.
(all data current as of 9/16/2014)

  1. 3 beds, 2 full baths
    Home size: 2,136 sq ft
    Lot size: 12,665 sqft
    Year built: 2004
    Parking spots: 2
    Days on market: 9
    Listed with Champions Real Estate Group
  2. 3 beds, 2 full baths
    Home size: 1,390 sq ft
    Lot size: 4,400 sqft
    Year built: 2007
    Parking spots: 2
    Days on market: 7
    Listed with Realm Real Estate Professional
  3. 3 beds, 2 full baths
    Home size: 1,555 sq ft
    Lot size: 8,422 sqft
    Year built: 2003
    Parking spots: 2
    Days on market: 5
    Listed with RE/MAX Westside, REALTORS
  4. 3 beds, 2 full baths
    Home size: 1,756 sq ft
    Lot size: 5,641 sqft
    Year built: 2001
    Parking spots: 2
    Days on market: 45
    Listed with Realty Associates
  5. 4 beds, 2 full baths
    Home size: 1,944 sq ft
    Lot size: 8,999 sqft
    Year built: 1977
    Parking spots: 2
    Days on market: 15
    Listed with RE/MAX Vintage
  6. 3 beds, 2 full, 1 part baths
    Home size: 1,812 sq ft
    Lot size: 6,033 sqft
    Year built: 2004
    Parking spots: 2
    Days on market: 13
    Listed with Empire Industries, LLC
  7. 4 beds, 3 full baths
    Home size: 2,361 sq ft
    Lot size: 24,343 sqft
    Year built: 2009
    Parking spots: 2
    Days on market: 13
    Listed with Coldwell Banker United, REALTORS
  8. 4 beds, 2 full, 1 part baths
    Home size: 2,284 sq ft
    Lot size: 6,050 sqft
    Year built: 2002
    Parking spots: 2
    Days on market: 13
    Listed with AH4R Management ? TX, LLC
  9. 4 beds, 2 full, 1 part baths
    Home size: 2,580 sq ft
    Lot size: 7,023 sqft
    Year built: 2009
    Parking spots: 2
    Days on market: 21
    Listed with Tusk Realty Services, LLC
  10. 4 beds, 2 full, 1 part baths
    Home size: 2,633 sq ft
    Lot size: 6,900 sqft
    Year built: 2006
    Parking spots: 2
    Days on market: 25
    Listed with Coldwell Banker United, REALTORS

Listing information deemed reliable but not guaranteed. Read full disclaimer.

The post 19109 Joanleigh Drive in Cypresswood Estates For Sale appeared first on Register Real Estate Advisors.

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3

Michael Garfield, the infamous High Tech Texan, invited me on his show, The World According to Garf, while we were at the Woodlands Home and Garden Show together. We were able to get it on video so if you missed it, here it is again! I enjoyed our discussion on Home Automation.

The post Michael Garfield and Shannon Register Discuss Home Automation appeared first on Register Real Estate Advisors.

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30

Chris Childress with Register Real Estate Advisors, RREA, has this lovely home for sale. Call Chris direct to discuss the features of this home and schedule a showing. 281-288-3500

The post Home for Sale in Houston Area appeared first on Register Real Estate Advisors.

AUG
29

This is a home that Register Real Estate Advisors Realtor Marta Guerrero has for sale in Tomball. It includes an outdoor kitchen, nice front porch, hard floors throughout, and more!

The post Great House for Sale in Tomball! appeared first on Register Real Estate Advisors.

AUG
23

This home is in a gated community in Spring, Texas. It’s ready for move in, has a covered patio, new flooring in game room, two full bathrooms upstairs, a large master suite, formal dining, and more. Schedule a showing today at 6303 Borg Breakpoint Drive! 281-288-3500

The post 6303 Borg Breakpoint Drive appeared first on Register Real Estate Advisors.

 
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