Susan Lerner with Coldwell Banker United, Realtors, has earned membership in the company’s International Diamond Society, a level achieved by only the TOP 11 PERCENT of all sales associates worldwide in the Coldwell Banker system.
Exceptional value on this 2 acre cul-de-sac lot. Cleared with 2 majestic oak trees. Raised dirt for house pad. 2400 minimum home square footage. No well needed; Subdivision has one ready to tap into. Horses allowed and some animals for FFA and 4H school projects. Subdivision has lakes for fishing and a park. Don’t miss this opportunity to your country lifestyle!
CLICK HERE for more information.
New TEA Changes the Rating System for Public Schools
“The State says 85% of Texas schools meeting standards. Are they meeting yours?”
The quality of schools in the area affects not only home values but also your family. It’s important to find accurate information about prospective schools, which is why I want to provide you with the resources to make the right choice for your family. Follow this link to see an article further discussing the new Public School Assessment system in Texas bit.ly/1thlSaD. Also, see my website for more school information resources at http://www.lernerrealtysolutions.com/school-info.asp
Here are the latest statistics for the area real estate market comparing –
October 2013 to October 2014
Again home prices have risen, up 13.6% from October 2013 to October 2014. But, there has been a slowdown in the number of buyers since the summer buying season. However, the number of buyers is obviously greater, shown by the homes under contract up a whopping 17.7% from a year ago.
Rates have climbed a ¼% since last month to 4.25% on a 30 year conventional loan. Loan Office Greg White with Service First Mortgage said in his latest newsletter today,
“The Fed should not be raising interest rates, and yet they don’t want to be at zero. They’re in a conundrum, they might raise rates just to see what happens.
Oil prices could go even lower than they already have this year. Oil markets are in the second part of the cycle where prices will drop because producers are getting squeezed after oil settled below $80.
Production will see an increase by countries that depend on oil revenue, creating a “vicious cycle” for the commodity’s price. $70 is the line in the sand for West Texas Intermediate. Any drop below that level will lead to a significant fall in price.
With an oil price around $75, that would suggest that the consumer price index should probably be near zero, meaning that there is no inflation in the economy.”
I think the Feds would like to see inflation and raise interest rates so they can begin paying down the national debt with cheaper dollars. But, how soon could this be done without risk to our still recovering economy? In the meantime, Houston is still on the “Boom track,” with over 120,000 jobs created in the past year. That is the highest number I have seen since watching this indicator for the past 2 years.
What this means to you if you plan to buy or sell your home:
This is an amazing time to sell your home. Prices are up, inventor is low, not a usual market for the fall season.
Call me to get a free, no obligation price evaluation at (281) 437-5044. I can advise you on how to add value to your home without spending a lot of money. Call me first before you start a new project on your home!
Buyers and New Home Market
With interest rates still at historic lows, and anticipation that they will be raised sometime next year, this is a great time to buy. There are home owners ready to deal so they can be moved by the end of the year.
New Homes – Builders are offering incentives on prices, upgrades, etc, right now so they can get homes sold by the end of the year. Call me to find the right bargain for you or someone you know. I am here to help negotiate the best terms on the home you want!
Feel free to forward this info to others you know who are interested in the area market!
I would appreciate it very much if you would “Like” my Lerner Realty Solutions page on Facebook at https://www.facebook.com/pages/Susan-Lerner-Lerner-Realty-Solutions/101282903288791
Also, see my updates and shared Real Estate articles by visiting my blog at http://susanlerner.ur1agent.com/
How do you feel we compare with other cities for affordability?
Job boom helps drive up the cost of apartments all across the region
By Erin Mulvaney
October 31, 2014 | Updated: October 31, 2014 1:27pm
Stephanie Powers’ hunt for an affordable apartment led her farther and farther west as the Houston native found herself forced out of inner-city neighborhoods by staggering rent hikes and, eventually, the demolition of her 1960s-era apartment near the Galleria.
Six months ago, she left her job downtown and took one in the Energy Corridor to cut her commute and balance the costs of living so far outside the 610 Loop.
“I’m not living above my means, but it’s a little more than I like to pay as a single person,” said Powers, 30, an account executive at a pharmaceutical company. “I’m running out of options.”
A job boom bringing highly paid energy workers to Houston and a pronounced decline in the percentage of people buying houses have combined to drive up the cost of living all across the region. Rents here rose nearly 9 percent in the last year, triple the traditional growth rate, driven by occupancy rates that average more than 90 percent and the construction of pricier apartments in such outlying areas as Tomball and Fort Bend County.
Rents for lower-end apartments inside the Loop and in places like Alief are increasing at the fastest rate.
Now 20 miles down Interstate 10 from downtown on the west side, Powers is paying a budget-straining $850 a month for a one-bedroom apartment.
Analysts say that as the middle and working classes are pushed farther out, their pocketbooks take a second hit from higher transportation costs to get to their jobs. At the same time, developers are working to build a stock of high-end luxury apartments close in to attract the oil and gas workers moving to Houston.
The Vikings fell 9-5 to The Woodlands in the state final in a showdown between Houston-area teams with championship résumés.
[…] that doesn’t dull the excitement of a playoff run that led the Vikings to state, with playoff wins over Clear Creek, North Shore, Deer Park, 2012 5A champ Cypress Ranch and Jersey Village.
Dakota Mills put the Vikings in the last game, finishing off his stellar 14-0 campaign with a two-hit, 11-strikeout shutout of Arlington Martin, which was making its second straight appearance at state.
Hernandez said he didn’t have his best stuff, but the way The Woodlands was hitting down the stretch, especially in their regional finals win over Rockwall, it might not have made a difference.
Before heading to college, Hernandez and several teammates will play in all-star games in the next few days.
First pitch for the HABCA 5A all-star game is 7 p.m. Monday – and Hernandez can’t wait. …read more
Via: Fort Bend News
“Homes in many parts of the Houston area are selling quickly and often at their full asking prices.” What a great time to sell!
This is the case in much of the Houston RE market today. Buyers have to be fully positioned to make an offer, with funds and mortgage pre-approval letter in order to submit an offer on a home they want to buy. Houston home prices rise, but sellers cautious – Houston Chronicle