• Monday, March 30th, 2009
A recent study performed by professor Karl Case of Wellesley College (contributing author of the Case-Schiller Home Price Indices - a quarterly nominal housing price report) revealed the rate of appreciation for home values over the five-year increments stretching back to 1980. The research revealed that home values appreciated at an average rate of 26.5 percent of the 20 year period from 1980 through 2000. At this point the housing market in the United States hit a boom and home value soared. Between 2000 and 2006 the study shows an average appreciation of 89 percent! An increase this rapid and inconsistent causes home values to be unrealistic. When the boom is over it is typical for home values to level themselves out. In other words, the housing market is not declining. Instead it in the process of stabilizing itself, which, in turn, will create a more stable market in the days to come.
Other major factors contributing to the housing crunch are the tightening of conventional lending and a heightened home inventory.
• Tuesday, March 24th, 2009
14865 Cygnus
14865 Cygnus Ct, Willis, TX - For Sale or Lease. $122,500 to buy, $1100/month to rent. PRICED TO SELL QUICKLY! Point Aquarius Subdivision. Great 3 Bedroom, 2 Bath, 2 Car Garage 1,553 square foot home with lakeview in wonderful, gated community with 24/7 security guard. Home is on double lots adjacent to greenbelt. Fireplace, large master and closet. Nice hardwood floors and tile in main living areas. Area amenities include swimming pool, boat launch, tennis courts and basketball court. This house will not be available for long. Call today!
• Monday, March 09th, 2009
I have just recently added a foreclosure search option to the sidebar of my blog. Although I like to advertise primarily the Lake Conroe and The Woodlands areas, this is a good tool to have because it allows you to search the entire country to find great deals on foreclosed homes instead of HAR which only gives you the option to search for Realtor-listed foreclosures in the Houston area. With this tool you can search by state, county, city, and/or zip code. It has a lot of great mapping features, including bird’s eye shots of the properties for sale. If you’re interested in finding a good deal on real estate, start your search with these foreclosure listings.
