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August 15, 2021
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
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
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
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
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
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
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 […]
January 18, 2021
THE HOUSTON HOUSING MARKET DEFIES A PANDEMIC TO SET NEW RECORDS IN 2020 Real estate’s designation as an ‘essential service’ was the key as Realtors provided critically needed housing to consumers throughout the year HOUSTON — (January 13, 2021) — Not even a devastating global pandemic could stop the Houston housing market from shattering records as it crossed the finish line for the 2020 calendar year. Single-family home sales surpassed 2019’s record volume by more than 10 percent, even as the supply of homes withered to the lowest levels of all time. Stay-at-home orders resulting from the COVID-19 outbreak interrupted […]
December 19, 2020
HOUSTON HOUSING BLAZES ITS WAY THROUGH NOVEMBER Market maintains a record-setting pace even as the supply of homes dwindles further HOUSTON — (December 9, 2020) — Houston housing in November continued selling at a record pace despite historically low inventory, the start of the holiday season and the lingering coronavirus pandemic. A low supply of homes for sale and strong demand from homebuyers combined to push the average price to record territory. Once again, the high end of the market generated the strongest increase in consumer activity with mid-range homes also selling briskly. According to the latest Houston Association of […]