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Discovering Katy Texas

August 15, 2021

HOUSTON HOME SALES SHOW NO LET-UP IN JULY

HOUSTON HOME SALES SHOW NO LET-UP IN JULY, DESPITE WHAT THE NUMBERS SAY Sales appear to be down because of a surge in delayed transactions that closed last July HOUSTON — (August 11, 2021) — By the numbers, Houston-area home sales were down this July compared to last. However, that is because COVID-related home closing delays during Q2 2020 finally pushed through that July as most of the pandemic lockdowns were lifted. The resulting surge of pent-up sales cemented July 2020 in the real estate history books as a record-setting month that could not be rivaled by the rapid-fire pace of […]
July 21, 2021
Firethorne Home for Sale

HOUSTON’S REAL ESTATE BUYING BLITZ PERSISTS IN JUNE

Consumers continue to snap up homes despite tight inventory and record prices  HOUSTON — (July 14, 2021) — Houston real estate held to record territory in June with buyers continuing to seize upon historically low interest rates as they purchased homes from among a limited supply. Despite the strong buying activity, the pace was slightly slower in the year-over-year comparison. According to the latest Houston Association of Realtors (HAR) Market Update, single-family homes sales were up 13.6 percent compared to last June, with 10,638 units sold versus 9,362 a year earlier. That becomes the market’s thirteenth consecutive positive month of sales. […]
June 21, 2021
Katy Homes

HOUSTON HOUSING BLAZES ITS WAY THROUGH UNCHARTED TERRITORY IN MAY

HOUSTON HOUSING BLAZES ITS WAY THROUGH UNCHARTED TERRITORY IN MAY Limited inventory cannot stop the buying frenzy among consumers still taking advantage of low interest rates HOUSTON — (June 9, 2021) — Houston area home sales set new records in May as consumers took advantage of historically low interest rates in snapping up an ever-dwindling supply of properties for sale. What resulted was a nearly 50 percent jump in sales volume compared to the same month last year, when real estate was still in the process of recovering from coronavirus-related lockdown orders. Limited supply, strong buyer demand and increased construction costs […]
May 15, 2021
Katy Homes

HOUSTON REAL ESTATE TEARS THROUGH APRIL AT A RECORD PACE

HOUSTON REAL ESTATE TEARS THROUGH APRIL AT A RECORD PACE The high-end buying frenzy pushes home sales and prices to record highs while keeping inventory at a record low  HOUSTON — (May 12, 2021) — Low interest rates inspired consumers to snap up high-end homes in April at a pace never before seen, sending prices to new highs while keeping home inventory at historic lows. It must be noted that, as in March, some figures contained in this latest housing report are distorted because they compare to the same month last year when real estate was just beginning its recovery […]

Discovering
Katy Texas

August 15, 2021

HOUSTON HOME SALES SHOW NO LET-UP IN JULY

HOUSTON HOME SALES SHOW NO LET-UP IN JULY, DESPITE WHAT THE NUMBERS SAY Sales appear to be down because of a surge in delayed transactions that closed last July HOUSTON — (August 11, 2021) — By the numbers, Houston-area home sales were down this July compared to last. However, that is because COVID-related home closing delays during Q2 2020 finally pushed through that July as most of the pandemic lockdowns were lifted. The resulting surge of pent-up sales cemented July 2020 in the real estate history books as a record-setting month that could not be rivaled by the rapid-fire pace of […]