Tag Archives: relocating

Consumer Warning About Realtors

I feel it is very important and necessary to advise Consumers to be aware of an alarming issue in the real estate community.  Right now the market is down and has been since 2007.  As a result, many long time agents are getting full time employment jobs and leaving their real estate careers for the weekends.  As a consumer with a real estate need, you will want a full time Realtor that can help you anytime, not just after business hours.  The same can be true for your lender and inspector.  You want someone you can not only get in contact with, but someone with a focus on their real estate career.  Someone who has the experience, training, and dedication for every real estate market.  We all know the re market swings up and down, but if you are an agent that’s not in it for the long haul, I would not want you helping me with one of the biggest and most important decisions in my life.  Please choose wisely when you pick a Realtor.  

Ask your Realtor questions about their dedication to the industry and what alternate income streams they have.  You may find your Realtor really isn’t a real estate agent at all, they may be a flight attendant, a lender, insurance salesman, or waiter.  Ask the questions and consumers beware of part time realtors who want to make money off of you in real estate without having to commit to the industry. 

Choose someone who keeps up with industry news and is ready to help you any day of the week!  Someone who works in real estate daily! 

At RREA, you will find dedicated Realtors that are experienced and in business for the long haul, no matter what the market is doing!

 

Interest Rates Still at Historic Lows – Apply for a Mortgage Online at RREA.com

With housing interest rates still at historic lows, now is a great time to apply for a mortgage.  At Register Real Estate Advisors, we have an in house lender that can get you pre-approved for a mortgage.  You can complete our secure online application at RREA.com by following the “mortgage” links.

Currently, 30-year, fixed-rate mortgage rates are below 5%, according to Freddie Mac—among the lowest rates recorded in 40 years.  As recently as June 2007, those rates were almost 7%, and they were in the double-digits a little over 20 years ago.

Why are interest rates so low?  Much of it is due to the recent recession and its aftermath.  With the economy in the dumps, demand for loans went down.  At the same time, investors were looking for safe places to put their money.  Many investors moved away from stocks and towards fixed-return investments such as U.S. treasury securities and mortgages.  The Federal Reserve increased funds in the financial system to keep interest rates low and to support the mortgage market.  The combination of weak loan demand and the influx of funds translated into low interest rates on mortgages and other loans.  This is a great advantage for home buyers that have good credit.

Since the middle of 2009, the economy in the United States has gotten better, but the recession did not end quickly and continues to drag on.  The economy is still in the early stages of recovery.  The interest rates will probably go up over the next two years, so homeowners should take advantage now.  Why aren’t more taking advantage now?  Some don’t have good enough credit to get a loan, while others have lost their jobs and no longer have the stability of income to purchase.  Others are afraid of how long the recovery of the economy will take, so they don’t want to commit to a new mortgage.  If you have a good income and good credit, this might be the best time to purchase a home.  This opportunity will not last forever because as the U.S. economy rebounds, demand for loans will rise.  When the Federal Reserve sees that the economy is in better shape, it will probably take away the additional liquidity it has injected into the financial markets and interest rates will rise in the not too distant future.  Most consumers do not realize that when interest rates go up, the effect on monthly payments can be dramatic.  A $200,000, 30-year, fixed-rate mortgage with a 5% interest rate has a monthly payment of around $1,000.  At 6% the monthly payments increase to about $1,200—an increase of nearly $200 a month.  Total interest payments over the life of the loan increase by thousands of dollars.

Home prices have stabilized or even started to inch upwards in many markets, so it is unlikely prices will drop any more.  Not could be the best time to purchase a home in American History.  To find your dream home anywhere in the Houston area, call RREA today.  We have highly educated, experienced agents, that can help you find the home of your dreams and protect you in the purchase of one of your largest investments.  Call us to day to get started – 281.288.3500.

 

 

Relocating to Houston, Texas?

Moving to the Houston area?  I would like to be the first to welcome you and assist you with all of your real estate needs whether you are moving to Houston, The Woodlands, or Spring, Texas.  As a relocation specialist, I can help you sell your current property anywhere in the world and find a new one in this area.  As a Realtor with Register Real Estate Advisors, I help relocate families all over the globe.  Please call me today and I will be happy to send you a copy of the Houston Newcomer Guide.  It will help you narrow your search area and give you a lot of helpful information about the communities in the surrounding area.  I would like to help you with all of your relocation needs and my website offers a wealth of information.  You can search the entire Houston MLS database on my website and see my featured listings, too.  You can read my award winning blog and catch up on all the latest housing news.  Please call me today so we can get started.  When you talk to your human resources coordinator, please ask for me by name!  Shannon Register 832.628.SELL

Need to Buy or Sale Real Estate in Texas?

Real Estate Market Trends for The Woodlands, Texas

The real estate market trends for The Woodlands, Texas are based on the most up to date Houston Multiple Listing Service (MLS) information.  As of the end of November 2011, there were 548 homes for sale in The Woodlands according to the MLS database.  One hundred sixty two homes were pending sales.  So there is a lot of market activity going on in The Woodlands.  Most of these statistics are based on resale homes, unless the builders put their new construction homes in the MLS database.  Since November 1, 2011 (until the end of November 2011) 64 homes have sold in The Woodlands.  Of those 64 homes, the average square foot sold was 3,063 which was a three to four bedroom home.  The asking price was on average $393,619.00 which is about $129 a square foot.  The average sales price was $368K which is $120 a square foot.  It took these homes about threee months to sell, which is a great time for turn over in this market.  The average year built for these sold homes was 1999.  If you are interested in purchasing a home in The Woodlands, Texas please call us at Register Real Estate Advisors 281.288.3500 to get started.  We have many experienced Woodlands agents that can help you.  Below are homes that are currently for sale in The Woodlands, Texas.  Whether you are relocating to The Woodlands or moving around the corner, our experienced and highly trained Realtors would love the opportunity to help you find the perfect home for your family’s needs.

Showing properties 1 - 25 of 500+. See more The Woodlands Listings.
(all data current as of 2/14/2012)

  1. 3 beds, 2 full, 1 part baths
    Home size: 2,383 sq ft
    Year built: 2004
    Parking spots: 2
    Days on market: 0
    Listed with Prudential Gary Greene, REALTORS
  2. 3 beds, 2 full baths
    Home size: 2,461 sq ft
    Lot size: 9,386 sq ft
    Year built: 1993
    Parking spots: 2
    Days on market: 1
    Listed with NB Elite Realty
  3. 3 beds, 2 full, 1 part baths
    Home size: 2,904 sq ft
    Lot size: 8,674 sq ft
    Year built: 2000
    Parking spots: 2
    Days on market: 1
    Listed with RE/MAX The Woodlands & Spring
  4. 4 beds, 3 full, 1 part baths
    Home size: 4,341 sq ft
    Lot size: 14,992 sq ft
    Year built: 2007
    Parking spots: 3
    Days on market: 1
    Listed with RE/MAX The Woodlands & Spring
  5. 5 beds, 5 full, 1 part baths
    Home size: 4,998 sq ft
    Year built: 2012
    Parking spots: 3
    Days on market: 1
    Listed with Trendmaker Homes
  6. 6 beds, 5 full, 3 part baths
    Home size: 9,181 sq ft
    Lot size: 1.19 ac
    Year built: 1990
    Parking spots: 3
    Days on market: 1
    Listed with RE/MAX The Woodlands & Spring
  7. 6 beds, 6 full, 2 part baths
    Home size: 8,182 sq ft
    Lot size: 1.16 ac
    Year built: 2009
    Parking spots: 4
    Days on market: 1
    Listed with Keller Williams Realty The Woodlands
  8. 6 beds, 8 full, 5 part baths
    Home size: 10,527 sq ft
    Lot size: 8.95 ac
    Year built: 2004
    Parking spots: 5
    Days on market: 1
    Listed with Keller Williams Realty Conroe Lake Conroe
  9. 4 beds, 2 full, 1 part baths
    Home size: 2,518 sq ft
    Lot size: 9,257 sq ft
    Year built: 2006
    Parking spots: 2
    Days on market: 2
    Listed with Prudential Gary Greene, REALTORS
  10. 3 beds, 2 full baths
    Home size: 1,907 sq ft
    Lot size: 7,033 sq ft
    Year built: 2001
    Parking spots: 2
    Days on market: 2
    Listed with RE/MAX The Woodlands & Spring
  11. 4 beds, 3 full baths
    Home size: 2,782 sq ft
    Lot size: 7,334 sq ft
    Year built: 2012
    Parking spots: 2
    Days on market: 2
    Listed with Realty Executives/The Woodland
  12. 3 beds, 2 full baths
    Home size: 2,163 sq ft
    Year built: 2012
    Parking spots: 2
    Days on market: 2
    Listed with Realty Executives/The Woodland
  13. 4 beds, 2 full, 1 part baths
    Home size: 2,518 sq ft
    Lot size: 9,257 sq ft
    Year built: 2006
    Parking spots: 2
    Days on market: 2
    Listed with Prudential Gary Greene, REALTORS
  14. 4 beds, 3 full baths
    Home size: 2,662 sq ft
    Lot size: 10,232 sq ft
    Year built: 2003
    Parking spots: 3
    Days on market: 3
    Listed with Bell Team Realty
  15. 4 beds, 2 full, 1 part baths
    Home size: 2,510 sq ft
    Lot size: 9,965 sq ft
    Year built: 1991
    Parking spots: 2
    Days on market: 3
    Listed with Keller Williams Realty The Woodlands
  16. 4 beds, 2 full, 1 part baths
    Home size: 2,570 sq ft
    Lot size: 8,891 sq ft
    Year built: 1991
    Parking spots: 2
    Days on market: 3
    Listed with Coldwell Banker United, REALTORS
  17. 4 beds, 4 full, 1 part baths
    Home size: 4,458 sq ft
    Lot size: 12,028 sq ft
    Year built: 2009
    Parking spots: 3
    Days on market: 3
    Listed with Blue Heron Realty
  18. 3 beds, 2 full baths
    Home size: 1,696 sq ft
    Lot size: 6,930 sq ft
    Year built: 1984
    Parking spots: 2
    Days on market: 4
    Listed with RE/MAX The Woodlands & Spring
  19. 3 beds, 2 full baths
    Home size: 2,600 sq ft
    Year built: 2005
    Parking spots: 2
    Days on market: 4
    Listed with Prudential Gary Greene, REALTORS
  20. 5 beds, 3 full, 1 part baths
    Home size: 4,074 sq ft
    Lot size: 15,811 sq ft
    Year built: 2001
    Parking spots: 3
    Days on market: 4
    Listed with Texas Home Group, REALTORS
  21. 3 beds, 2 full baths
    Home size: 2,201 sq ft
    Lot size: 7,758 sq ft
    Year built: 1998
    Parking spots: 2
    Days on market: 4
    Listed with RE/MAX The Woodlands & Spring
  22. 4 beds, 2 full, 1 part baths
    Home size: 2,465 sq ft
    Lot size: 9,879 sq ft
    Year built: 1996
    Parking spots: 2
    Days on market: 4
    Listed with RE/MAX The Woodlands & Spring
  23. 4 beds, 3 full, 1 part baths
    Home size: 2,822 sq ft
    Year built: 2012
    Parking spots: 2
    Days on market: 4
    Listed with RE/MAX The Woodlands & Spring
  24. 3 beds, 2 full baths
    Home size: 2,600 sq ft
    Lot size: 6,396 sq ft
    Year built: 2005
    Parking spots: 2
    Days on market: 4
    Listed with Prudential Gary Greene, REALTORS
  25. 5 beds, 3 full, 1 part baths
    Home size: 3,566 sq ft
    Year built: 2004
    Parking spots: 2
    Days on market: 4
    Listed with RE/MAX The Woodlands & Spring

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

Private Sector Job Growth Offsets Government Losses

COLLEGE STATION (Real Estate Center) – Texas’ employment growth rate is
slowing down thanks to government job losses, but the state’s private sector is
still cranking out jobs and offsetting government job losses, according to the
latest Monthly Review of the Texas Economy.

The state created 15.4 percent of total jobs created in the United States
from October 2010 to October 2011.

Texas gained 232,500 nonfarm jobs during the period, an annual growth rate
of 2.2 percent compared with 1.2 percent for the United States. The state’s
private sector added 287,900 jobs, an annual growth rate of 3.4 percent
compared with 1.7 percent for the nation’s private sector.

The state’s seasonally adjusted unemployment rate increased to 8.4 percent
in October 2011 from 8.2 percent a year earlier. The nation’s rate
decreased from 9.7 to 9.0 percent.

All Texas industries except the information industry and the state’s
government sector had more jobs in October 2011 than in October 2010. The
state’s mining and logging industry ranked first in job creation, followed by
the professional and business services industry, and the leisure and
hospitality industry.

All Texas metro areas except Abilene, Wichita Falls, Texarkana and College
Station-Bryan had more jobs in October 2011 than in October 2010. Victoria
ranked first in job creation followed by Laredo, Corpus Christi, Odessa and
Lubbock.

The state’s actual unemployment rate in October 2011 was 8 percent. Midland
had the lowest unemployment rate followed by Amarillo, Odessa, Lubbock and
College Station-Bryan.

Texas Outperforms Nation in October Home Sales

COLLEGE STATION (Real Estate Center) – Sales of existing single-family Texas
homes in October were up 8 percent from a year ago, according to the
most recent Multiple Listing Services (MLS) data compiled by the Real Estate
Center at Texas A&M University.

More than 15,600 existing single-family homes were sold, data showed. The
median home price was $147,500, up 2 percent from a year ago, and the state’s
overall inventory was at 6.9 months.

Meanwhile, the National Association of Realtors (NAR) reported
yesterday
that, nationally, existing home sales rose 1.4 percent to a
seasonally adjusted annual rate of 4.97 million in October from a downwardly
revised 4.9 million in September, and are 13.5 percent above the 4.38 million
unit level in October 2010.

The national median price for existing homes was $162,500, which was 4.7
percent below October 2010.

Talking about the national numbers, Center Research Economist Dr. Jim Gaines
said homebuyers continue to be frustrated by stiff mortgage underwriting and
appraisals despite favorable buying factors such as low interest rates,
sluggish but positive job creation and lower home prices.

“NAR reported contract cancellations at 33 percent in October, meaning that one in three sales contracts failed to close,” Gaines said. “Sales agents should be very circumspect when qualifying buyers for mortgages, rather than being frustrated later because the deal does not close.”

October 2011 MLS data for many Texas cities are available on the Center’s
website. Here is a sampling (data current as of Nov. 21, 2011):

 

Sales

Change from

Last Year

Median

Price

Change from

Last Year

Months’

Inventory

Amarillo

221 up 2% $126,800 up 1% 5.2

Austin

1,616 up 21% $188,700 down 2% 5.1

Corpus

Christi

267 up 12% $128,900 down 4% 9.1

Dallas

3,289 up 10% $155,400 up 1% 5.7

Fort Worth

612 up 4% $108,000 down 6% 6

Garland

112 up 2% $90,600 down 1% 4.7

Harlingen

66 up 12% $90,000 up 10% 24.1

Houston

4,467 up 10% $152,000 up 2% 6.7

Lubbock

208 up 12% $114,500 no change 7.5

Odessa

84 up 18% $148,300 up 31% 3.9

San Angelo

74 down 18% $110,000 up 1% 5.8

San Antonio

1,385 up 5% $148,300 down 1% 7.4

Temple-

Belton

114 up 9% $148,900 up 25% 8.7

Tyler

227 up 12% $133,200 down 2% 13

Wichita

Falls

98 down 13% $73,800 down 27% 8.4

Texas

15,640 up 8% $147,500 up 2% 6.9

Selling Homes in Texas with Social Media

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Copyright © 2012, Houston Realtors Information Service, Inc.

The information provided is exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable but is not guaranteed accurate by the MLS.

This IDX solution is (c) Diverse Solutions 2012.