Discovering Katy Texas

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 […]
April 24, 2021
Aggieland Homes for Sale

HOUSTON REAL ESTATE HOT IN MARCH

FORCES COMBINE TO KEEP HOUSTON REAL ESTATE HOT IN MARCH Sales of high-end homes explode while a severe lack of inventory leaves consumers little to buy in the sub-$250K market  HOUSTON — (April 14, 2021) — HOUSTON REAL ESTATE HOT IN MARCH. A shortage of available homes priced at $250,000 and below combined with frenzied shopping among high-end homes produced a surge in pricing when compared to a Houston housing market in the grips of a pandemic-related lockdown a year earlier, in March 2020. Record low interest rates continued to fuel the buying bonanza. According to the latest Houston Association of […]
March 14, 2021
15 Years - Time Does Fly

Stephen Reddell – REMAX Realtor 15 Years

Stephen Reddell was awarded for his 15 years at REMAX. All of those 15 years have been with REMAX Cinco Ranch in Katy, TX. Stephen Reddell has lived in Katy since 1995 and would love to assist you, or your friends, with your real estate needs. For more information about the Katy area or any assistance with your real estate needs in Katy or West Houston contact Steve Reddell. He is a licensed real estate agent you can trust with REMAX Cinco Ranch. You can contact him directly at 281-994-5173. You can also visit him on the web at Reddell Family […]
March 14, 2021
Texas Freeze in Katy

HOUSTON REAL ESTATE INSULATED FROM ARCTIC BLAST

Despite the freak winter storm, sales climbed for a ninth straight month and pricing set a new record  HOUSTON — (March 10, 2021) — The deadly and disruptive winter storm that left many Houston-area homes without power and water even after mild temperatures returned did little to chill local real estate in February. While the freak weather event delayed some closings due to plumbing-related repairs and property damage, sales of single-family homes rose for a ninth straight month. The increase was also achieved despite an ever-shrinking supply of homes and the first uptick in mortgage rates since last summer – all […]
November 14, 2020
Aerial Katy

HOUSTON REAL ESTATE SOARS IN OCTOBER

HOUSTON REAL ESTATE SOARS AGAIN IN OCTOBER Consumers keep the market humming despite record-low inventory and a pandemicHOUSTON — (November 11, 2020) — Even with an ever-dwindling supply of housing and a lingering pandemic, consumers bought homes at a frenzied pace in October, keeping Houston real estate market soaring in October. The high end of the market once again registered the greatest sales volume increase, with mid-range homes also attracting heavy activity.  According to the latest Houston Association of Realtors (HAR) Market Update, 9,287 single-family homes sold in October compared to 7,187 a year earlier. That represents a 29.2 percent increase and […]
October 18, 2020
Aerial Katy

Houston Home Sales Surge

Houston Home Sales – Inventory shrinks to its lowest level in nearly six years HOUSTON — (October 14, 2020) — Houston home sales sizzling summer of home sales extended into September as consumers continued to take advantage of historically low mortgage interest rates amid a pandemic. Once again, the high end of the market experienced the greatest increase in sales volume, with mid-range homes also drawing strong activity. The sales frenzy, combined with a steady decline in the number of homes entering the market in recent months, has sent inventory to its lowest level in almost six years, making a […]
August 14, 2020

JULY HOME SALES ACROSS HOUSTON

JULY HOME SALES ACROSS HOUSTON REACH RECORD TERRITORYSales volume and pricing soar to new highs as pent-up demand from COVID-19 heats up Houston housing for a second straight month   HOUSTON — (August 12, 2020) — A continued surge in closings from homes that went under contract after the lifting of COVID-19 stay-at-home measures propelled Houston real estate into record territory in July – surpassing June’s stronger-than-expected performance. However, a dwindling supply of homes caused by the burst of homebuying and home sellers holding back amid the ongoing COVID-19 crisis will make it difficult to keep up with the strong buyer demand. According to […]
July 23, 2020
Katy Homes

HOUSTON HOME BUYERS PUMP UP THE VOLUME IN JUNE

Pent-up demand resulting from COVID-19 boosts home sales for Houston home buyers, providing a welcome, but possibly brief respite from the pandemic’s effects HOUSTON — (July 8, 2020) — A flurry of homes going under contract in May after COVID-19-related stay-at-home orders expired led to a surge of closings in June, driving home sales volumes back up to levels considered more normal for summertime for Houston home buyers – and even beyond 2019’s record pace. However, renewed coronavirus concerns, stemming from a spike in cases across greater Houston and in other parts of Texas, may bring this taste of normalcy […]
June 13, 2020
Houston Housing Market

May 2020 – Houston Housing Market

CORONAVIRUS AND AILING ENERGY INDUSTRY CONTINUE TO IMPACT HOUSTON REAL ESTATE IN MAY Pandemic and slumping oil prices combine to drive closed home sales down for a second straight month, however leading indicators show positive signs HOUSTON — (June 10, 2020) — The Houston Housing Market fell for a second straight month in May as the impact of COVID-19 and related stay-at-home orders continued to play out throughout the market. Growing consumer interest in in-person open houses and property showings, as well as an increase in offers to purchase, demonstrated improving market conditions. The slumping energy industry limited buyers in the […]