With all the negative attention the Real Estate market is getting around the nation you would assume Houston is in the same boat. That is NOT TRUE! While the area is experiencing it's share of foreclosures and pockets of home value decline, overall Houston is a strong market. Due in fact to Houston being ranked #1 for most affordable housing among the top 25. The U.S. Census Bureau ranks Houston as the top housing market in comparison to other cities nationwide. #1 in job growth Houston is experiencing a strong Commercial market as well. Consider the facts: prices are competitive, interest rates are very affordable, there are plenty of homes, buildings and land in all price ranges to choose from and sellers/home builders are ready to bargain. For more facts on Houston see www.houstonfacts.org. Houston Association of Realtors reports:
Houston Real Estate Milestones in October
Second highest average single-family home sales price for an October ($194,607);
Highest average townhouse/condominium sales price for an October ($161,428);
Second highest median townhouse/condominium sales price for an October ($129,000);
Lowest month's inventory of single-family homes since March 2008 (6.3 months).
Houston/Galveston Area has The SOLD... by George Team, a team built upon the foundations set out by Keller Williams Realty to create a positive environment for families to help families. The base that we are built off of comes from the idea of God, family, then career. Our team is passionate about giving our clients the best service with a professional approach and positive results. From the Gulf Coast to the Golf Course it's SOLD... by George! Our team has market knowledge in the Houston area extending all the way down to the Galveston area. We have a variety of real estate services to meet the needs of our clients stretching from Residential to Commercial markets. For more information on the markets and about Houston check out our website www.soldbygeorgeteam.com
While Galveston continues to rebuild from Hurricane Ike we will continue to stand behind their efforts and support their process to recovery. The property there will still be a value for years to come once much has been restored.
I understand that the news has been communicating the wrong information about our real estate markets today. Here at Keller Williams Realty we take this very seriously and want to provide you with the correct information about today's real estate markets. Please take the time to read our response below and know that not only my company, but I have my fingers on the pulse of this market. It is important to me and I want to make sure that you are informed of what is really going on.
TOP STORY: Gary Keller: The only market that matters is yours!
Last week on the Today Show, during a segment on the national real estate market, CNBC's Jim Kramer uncompromisingly stated, "now is the absolute worst time to buy!"
Concerned that remarks such as these from so-called experts might be pushing potential buyers to the sidelines?
Here's what Gary Keller, co-founder and chairman of Keller Williams Realty has to say about waiting out the current market:
First, residential real estate is not a national market product - it is a local one. To say from a national position that this is either a good time or a bad time to buy real estate is like saying the national forecast for the U.S. today is 92 degrees - it is a useless and irrelevant perspective. What is happening in your local market is all that matters.
Second, trying to predict when it is a good time to buy, or not, means you're trying to time the market. Staying on the sidelines is the surest way for most people to never time anything correctly.
Last, and maybe most important - there are always two markets in every market. There is the market of properties that are good buys and there is the market of properties that are not a good buys. Interestingly enough, this is true in either buyer or seller markets. To categorically say that this is the time to buy or not is absolutely ignoring the fact that every market really has two markets inside it.
I hope that this clears the air about what the news is putting out there and what is really going on. Know that the Houston area is still one of the strongest markets in the United States and although it may be a buyers market we have not slowed down and we continue to grow. As a real estate agent I do real estate market research for a living and want to help you stay on top of the game. Feel free to contact us to learn more about your area or neighborhood. We can give you a free comparative market analysis on your home or on a home you are looking to buy. If you know anyone else that could use are services send them our way because we are here to provide you and anyone you know with the proper real estate services. Thank you for taking the time to look this over and I hope it will benifit you and your real estate needs.
Kindest Regards,
Jeff George
The SOLD. . . by George Team
Keller Williams Realty
mobile 832.643.3355
office 281.336.3121
fax 281.336.3131
Search for homes and free reports at: http://www.soldbygeorgeteam.com/
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