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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 […]
November 14, 2020
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
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 […]
September 13, 2020
HOUSTON — (September 9, 2020) — Following a July that vaulted Houston real estate into the record books, August proved to be another healthy month for home sales despite the lingering coronavirus pandemic. The high end of the market staged the strongest performance, pulling up overall pricing along the way. However, with a decline in the number of listings for sale coming on the market, inventory has now fallen to its lowest level in five years, setting the stage for moderating sales in the weeks ahead despite historically low interest rates. According to the latest Houston Association of Realtors (HAR) Market […]