The Real Estate Coach

New home prices in Houston falling as homebuilder inventory rises
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New home prices in Houston falling as homebuilder inventory rises Even though home prices are slightly down from a few months ago, the three-month moving average for new home prices is still 8 percent higher than they were a year ago in Houston. As a result, new homes are sitting on the market slightly longer — about 68 days on average compared to 66 days a year...

Houston Becoming a Region of Renters
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Houston Becoming a Region of Renters The area has seen a sharp increase in renters as rising housing costs put homeownership out of reach for more households and investors convert single-family homes to multifamily rentals. Some of the many single-family homes in the region are being converted to multifamily use, putting more rental un...

How do you choose a color scheme for a living room?

Joseph Petrie Joseph Petrie is a real estate agent with Joseph and Company. Check out Joseph Petrie's listings or office listings.

Houston Housing Market 2023
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Houston Housing Market 2023 As they have since mid-2021, median single-family home prices remain above $300,000 in the Houston metropolitan area, according to the Houston Association of Realtors (HAR), and the average price of a single-family home is just over $400,000, as of October 2022. Buyers who take the leap can begin bu...

Houston-area home sales and prices to grow in 2023, Realtor.com projects
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https://www.roomvu.com/nws/MZghWwtX2WLuaxq

Houston-area home sales and prices to grow in 2023, Realtor.com projects The median price for existing home sales is projected to increase 5.4% and rents will hit new highs with a 6.3% increase, adding to budget pressures for potential first-time homebuyers, the report said. Year over year, home sales are projected to drop 14.1% and inventory of homes for sale, which has...

Renters now need to work six hours more to pay rent than before the pandemic
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Renters now need to work six hours more to pay rent than before the pandemic Renters in Miami face the greatest affordability hurdles, needing to work 96 hours at the average wage to pay the typical rent. Phoenix rents are up 66.7% since 2017, the most in the country among large markets, and renters need to work 17 hours more to pay rent. 1 Estimates for hours of work needed...

Guide to buying homes of the 1980s/70s

Joseph Petrie Joseph Petrie is a real estate agent with Joseph and Company. Check out Joseph Petrie's listings or office listings.

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Find out if it's time to sell your home
How much is your home worth? Type your property address and get a quick home estimate.

Home Evaluation Estimate | roomvu How much is your home worth? Type your property address and get a quick home estimate.

Houston apartment market continues to cool as occupancy rates fall, rental rates level off
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Houston apartment market continues to cool as occupancy rates fall, rental rates level off By Shawn Arrajj | 5:38 PM Nov 2, 2022 CDT Updated 5:38 PM Nov 2, 2022 CDT Domain Heights, a two-building mid-rise, is among the newly opened multifamily projects in the Heights area. (Courtesy Domain Heights) After more than a year of steady increases, apartment rental rates in Houston are starting....

Residential Rents Are Declining In Many Real Estate Markets
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Residential Rents Are Declining In Many Real Estate Markets When markets where multiple REITs are operating — like Tampa, Orlando, Phoenix, Las Vegas and Dallas — at the same time see rents decline by even 1%, it represents a direct threat to projected investor returns. It doesn’t necessarily mean that investors are going to lose money (assuming the ma...