The other day, on the “Price of Business” on 1070 AM, Kevin Price, host, and I talked with Dr. Jim Gaines, Senior Economist at the Real Estate Research Center at Texas A&M University, about his 2012 real estate forecast. This is the second of two segments. This first segment focused on real estate on a national level, and this one focuses on the state and local level. I hope you find this informative.
You can find the first segment HERE.
Yesterday, on the “Price of Business” on 1070 AM, Kevin Price, host, and I talked with Dr. Jim Gaines, Senior Economist at the Real Estate Research Center at Texas A&M University, about his 2012 real estate forecast. This is the first of two segments. This first segment focuses on real estate on a national level, and the second focuses on the state and local level. I hope you find this informative.
You can find the second segment HERE.
Aired live 12-14-10. “Price of Business” host Kevin Price and Shannon Register discuss the real estate outlook for 2011 with Dr. Jim Gaines, research economist with the Mays Business School Real Estate Research Center at Texas A&M University.
There is a formula to selling in this market: Passion + Technology = SOLD. It is working for my sellers. Allow me to elaborate.
First, the house must be findable and appealing online because that is where 87% of the buyers start their home search. This is essential to maximizing the value of your home in a timely manner. It is not enough to simply add your home into the Multiple Listing Service. It is no longer enough to simply have “curb appeal,” it must have “google appeal” as well and be search engine optimized and key word search-able for the scarce qualified buyer to find your home. Professional quality pictures and video tours help turn visitors on the web pages into offers on your home. As a Social Media Pro and ePro Realtor, I have geared my training to help me improve my web marketing and website to showcase listings with photos, videos, and information about the property that is trickled out to over 40 websites. Social networking sites like Facebook, Twitter, YouTube, and LinkedIn also add to the listing’s “web footprint” and increase the odds of the right qualified buyer finding it. I don’t leave the sale of your home to chance, I put it in front of buyers as well as the Realtors in the North West Houston area via e-fliers.
Bottom line – my online marketing is proven to sell houses. I offer online home tours via videos and comprehensive real estate news and data and distribute this information through multiple channels. I am committed to cutting edge technology that improves your bottom line in real estate transactions.
Relocating to the area? With the tools for your research on my website, you can make a decision on a home without traveling or with a few days visit. I have recognized and responded to today’s consumer by staying on top of the market and the internet technology that ensures their home stands out from the crowd in any market. That’s why I can honestly tell my clients that Passion + Technology = SOLD.
Second, Passionate about Real Estate. One of the ways I chose to drive traffic to my website is by writing my blog. I have been awarded “The Best Real Estate Blog in Texas” according to The Mays Business School and Real Estate Research Center at Texas A&M University.
To sell in this market, you must have a Realtor that knows the market and knows that in a down market, marketing and packaging matters. Don’t let my use of technology intimidate you if you’re not a social media bug, just use it to sell your home. I continue to use the traditional Realtor marketing techniques as well. My marketing plan is proven to work even in a down market. If you need to sell your home, call me for the help it is going to require to sell in this economy. I’d love to help you and since I am a relocation specialist, I can help you relocate to anywhere in the world. Of course, I think Texas is the best place to live.
TEXAS (Real Estate Center, CNNMoney.com) – A total of 22,511 existing homes were sold in Texas last month, a 4.8 percent decline from July 2008, according to MLS data compiled by the Real Estate Center at Texas A&M University. The median price increased 0.6 percent to $153,800 during the same period, and the state finished the month with a 7.4-month inventory of existing homes.
Here is how select Texas cities fared in July (data current as of Aug. 28, 2009):
| Sales | Change from Last Year |
Median Price |
Change from Last Year |
Months’ Inventory |
|
| Amarillo | 254 | down 21.6% | $124,600 | up 1.2% | 7.2 |
| Austin | 2,288 | down 0.2% | $189,700 | down 0.6% | 7 |
| College Station–Bryan | 304 | down 15.1% | $151,000 | down 2.3% | 6.8 |
| Dallas | 4,815 | down 6% | $164,800 | up 0.8% | 6.5 |
| El Paso | 478 | down 4.8% | $135,200 | down 2.4% | 9.1 |
| Fort Worth | 840 | down 12.3% | $118,700 | down 1.1% | 6.6 |
| Harlingen | 78 | up 20% | $95,000 | up 13.6% | 28.7 |
| Houston | 6,393 | down 4.8% | $161,900 | up 1.3% | 6.8 |
| Killeen–Fort Hood | 257 | down 6.2% | $124,800 | down 0.9% | 10 |
| Laredo | 91 | up 11% | $122,800 | up 2.3% | 9 |
| Lubbock | 348 | up 0.9% | $110,300 | up 0.3% | 5.5 |
| Palestine | 21 | down 16% | $102,500 | down 2.4% | 10.1 |
| San Angelo | 125 | down 5.3 % | $121,700 | up 10.6% | 5.6 |
| San Antonio | 2,040 | up 7.9% | $156,900 | up 2.3% | 8.4 |
| Waco | 213 | down 14.5% | $114,600 | down 1.4% | 8.4 |
Additional home sales data for these and other major Texas cities are available on the Center’s website.
Nationally, sales of existing single-family homes last month were up 5 percent from July 2008, according to the National Association of Realtors.
COLLEGE STATION (Real Estate Center) – Judging by the response to last week’s call for votes in the final round of our “favorite blog” contest, Texas real estate professionals are, to say the least, passionate when it comes to who they read online.
A whopping 1,400 votes flooded the Real Estate Center.
When the votes were tallied, Shannon Register’s blog, which covers the Houston area, emerged as the winner.
Tying for second place was Ralph Bivins’ Realty News Report — also from Houston — and Candy Evans’ Dallas Dirt.
Third place honors went to Scott Nicholson’s Austin-area blog.
Congrats to all the winners! We look forward to seeing you at next year’s competition.
The Texas A&M University System’s Real Estate Center in College Station published an article by Dr. Jerrold Stern called “Getting the Most Out of Moving.” The article explains the criteria needed for taking tax deductions when moving. Deductions for moving expenses can ease the tax burden, but taxpayers must meet certain criteria to be eligible. It is best to seek advice from a tax accountant when you need help preparing tax returns, but this article explains the “tests” one must pass to receive the tax benefits of moving. The rules and calculations can be complicated, but the benefits of deducting moving expenses can be very beneficial. I highly recommend the article if you are moving or have moved within the last year.
Whether you are a first time home buyer or purchasing your retirement home, this thorough Home Buyer Guide compiled and published by the Real Estate Center in the Mays Business School at Texas A&M University in College Station is the most thorough and non-biased of any I have seen. It also includes a glossary of real estate terms. It is a comprehensive consumer oriented pdf that will be an asset to any home buyer and I am proud to offer it on my web site.
CLICK HERE to download your FREE Home Buyer Guide.
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1614 Louetta Rd. - Spring, TX 77388 - 281.288.3500 or 855.USE.RREA Office - 281.288.3503 Fax
Spring, Texas Real Estate - Shannon Register, Texas Broker
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