Register Real Estate Advisors

Call or email today for a showing! 281.288.3500 or info@rrea.com

We're sorry, but we couldn't find MLS # 14109314 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

The Houston Association of Realtors reported the following:

Houston Real Estate Milestones in June

• Volume of single-family home sales rose for the second time in 2011;
• Sales of 5,571 single-family homes represents the highest monthly volume recorded since May 2010;
• At $228,650, the average price of a single-family home reached the highest level of all time;
• At $161,000, the median price of a single-family home reached the highest level since July 2009;
• Single-family home rentals rose 19.2 percent;
• Townhouse/condominium rentals increased 19.5 percent;
• 7.9 months inventory of single-family homes compares favorably to the national average of 9.3 months.

We're sorry, but we couldn't find MLS # 98540474 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

Looks like a little traffic for the 290 corridor…
See the original article HERE.

Listed below is a list of the scheduled closures associated with the IH 610/US 290 interchange construction project, as of July 14, 2011.

- Two inside lanes on IH 610 North Loop eastbound frontage road from T.C. Jester to Ella remain closed through March 1, 2012.

- One inside lane on IH 610 North Loop westbound frontage road from Ella to the US 290/IH 610 interchange remains closed through March 1, 2012.

- The U-turns at Ella and the IH 610 North Loop east- and westbound frontage road remain closed through March 1, 2012. Traffic will detour through the signalized intersection.

- Effective July 14, 2011 at 10:00 p.m., the inside lane on US 290 eastbound frontage road from 34th Street to Dacoma will be closed through March 1, 2012. The U-turns at 34th Street, Mangum and Dacoma will also be closed. Traffic will detour through the signalized intersections while these U-turns are closed.

Please note that all closures are subject to change. For more information on the US 290 Program, including up-to-date information regarding lane closures, please visit the US 290 Program website at www.my290.com or contact the US 290 Public Information Office at (713) 354-1532.

An article by Jennifer Dawson was pubilshed in the Houston Business Journal.  It gives some insight into the coming of Exxon to the Spring/Woodlands area.  We are expecting this move over the next couple of years will create a demand for more housing in the area.

The Exxon Mobil Corporation is consolidating
in North Harris County and it is creating an estimated 2,850 construction
jobs for the Houston Area due to the massive complex being constructed.

Exxon plans to relocate professionals from other cities to handle the
385-acre Exxon project.

It is expected that 70% of those construction workers will remain in the area after construction is completed.

Approximately 20 of the imported
construction employees, who earn from $70,000 to $150,000 or more per year,
have purchased homes in the areas of Spring and The Woodlands already.
These cities are close to Exxon’s site at Interstate 45 and
the Hardy Toll Road.

The company is planning to house about 8,000 employees at this new location.
The company plans to vacate 4.3
million square feet of leased and owned space around Houston.

In addition to construction
employment, thousands of other new positions are anticipated as businesses are
formed or expanded to service the minimum 8,000 people who will work there on a
daily basis by the end of 2015. Although these are future projections, the local Real Estate Companies are getting ready for the housing market changes. This is good news for builders and home sellers as well.

For every $100 million in construction
contracts at Exxon that supports 950 direct construction jobs and 1,100 indirect jobs,
according to a general multiplier rule from the U.S. Bureau of Economic
Analysis.

By that measure, approximately
2,850 construction jobs and 3,300 indirect jobs could be created by this one project over the next few years.

More construction jobs will be
created to build the infrastructure for Exxon’s 385 acres and the adjacent
1,800-acre Springwoods Village master-planned community that is coming in the future.

Infrastructure development of the two projects is tied together because they are both within Harris County
Improvement District #18, a special funding district created by the Texas
Legislature in 2009.  Springwoods Realty
Co., the entity developing Springwoods Village, prompted creation of the
district as a funding mechanism for development.

The municipal management district
has the power to design and build roadways, a water plant, sewer plant,
drainage channel and detention, said Lynn Humphries of Allen Boone Humphries
Robinson LLP, the Houston attorney who represents Harris County Improvement
District #18.  It seems that the entity is like a big
municipal utility district.

Exxon may decide to move 2,500 employees from Fairfax, Virginia to the Houston area, but that has not been decided at this time.

Obviously creating 2,500 jobs will have a significant economic impact on the local communities and will help improve land values and demand for housing.

The market is in shambles. Very few Realtors are making a good living. Real estate buyers are different than they were 10 years ago. The task confronting every Realtor is large. More and more work must go into chasing fewer and fewer deals. Brokerages facing the bottom are working for next to nothing to keep their doors open.

Bad market or not, technology and consumer desire are forcing Realtors to gain more and more skills.  Most of these skills no one anticipated 10 years ago.

What does it take to succeed in real estate today?

• It goes without saying that you must become a subject matter expert in real estate, but in this market you need to know distressed properties as well.
• Web development. With the number of buyers starting their home search online hitting critical mass, you must have a website. Not only must you have a website, it must be coherently designed and user friendly enough to be “sticky”. You must develop your site to not only be an online brochure, but a lead generating machine.
• Blogging. How are you getting the word out? What are you writing about? How often are you writing? Are you writing enough to become credible with the search engines? Are you simulcasting your blog?
• Mobile marketing. By the end of 2011, 50% of households in the United States will have a smart phone. What are you doing to reach these people? How are you delivering your content in a way that is engaging and user friendly to users on hand-held devices?
• Search Engine Optimization. What is your strategy? How are you going to drive traffic to your website? Websites are not “if you build it, they will come.”  It takes a constant effort and flexible strategy to consistently rank high with the search engines. What is your back-linking strategy?
• Social Media Integration.  You have a Facebook page? Great. What is it doing for you? Are your social networks integrated around your online hub? Where are you driving traffic? What is your conversion rate? A half effort on this will net less than half of the results.
• Photography. A picture is worth a thousand words. What are your pictures saying? Are you staging your photos? How do they look? Are they selling the story of your home? How is the lighting? Are you maximizing the number of pictures allowed by the MLS? Are you keyword tagging them and sharing them on social photo sharing sites?
• Video and audio production. If a picture is worth a thousand words, a video is worth a thousand pictures (a million words?) Everyone seems to have an opinion about how to integrate video into your real estate toolbox. Most say disregard quality, use your phone. I respectfully disagree. Professional video  produces results. Again, half of the effort nets less than half of the results.

What is your broker doing for you?

On a daily basis, what is your broker really doing to ensure your success and what are you paying for it?

If you are not making the money you want or need to make it in today’s market, you are faced with a choice; become a subject matter expert on the entire above list or join RREA and let us take the burden off of you.  Let us work on your behalf.

Every effort by the broker and management is centered around getting you to the closing table. We offer professional video production FREE for our agents in our in-house studio. We offer social media coaching. We offer access to our blog, named “Best Real Estate Blog in Texas” by Texas A&M University.  We offer world-class training centered on practical applications of technology.

All of the technology in the world doesn’t help you without hard work. RREA can make sure your work is productive and nets results.

The choice is yours. The time is now. There has never been a better and cheaper time to make a change. Call us today for a confidential interview.  281.288.3500

We're sorry, but we couldn't find MLS # 98540474 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

Has the economy gotten your real estate career down? Times are tough right now for everyone. RREA offers the tools to succeed in any economy. Take a moment and see the opportunities waiting for you at RREA.com/careers.

With competitive splits, leads, and more services offered than anyone in the industry; RREA is the fastest growing real estate firm in Texas for a reason.

Good News for Investors…According to the Houston Association of Realtors, single family home rentals are up 27.9%.

Here is the deal of the week:

http://harlistings.marketlinx.com/SearchDetail/Scripts/PrtBuyFul/PrtBuyFul.asp

Contact me for at 281-704-2198 or sheryl@rrea for a daily list.

There is a proposal before regulators to require a minimum of 20 percent down on all residential transactions. If allowed to take effect, the rule would put home ownership out of reach for middle-income Americans. It would take the average family 14 years to save up the down payment to buy a home. We just don’t need more hurdles. So I’m taking action and telling Congress this does not work for our industry or our country.