The Smart Money Says...

July 8, 2012

Texas Economy 2011 - 4th in Nation

Texas Economy fourth in nationThe Texas economy ranked fourth in the nation for 2011, according to figures released by the Federal Bureau of Economic Analysis.

The US economy as a whole grew at a rather tepid rate of 1.6% relative to 2010.  And remember, 2% is the official threshold for declaring ourselves Safely-Out-Of-The-Recession.  The Texas economy, however ...

View More
May 10, 2012

Higher Home Prices Forecast

Higher Home Prices ForecastDr. Ted Jones delivered a higher home prices forecast for the Greater Houston Metropolitan area.  Dr. Jones is an economist with the Instutute for Regional Forecasting, of the Hobby Center for Public Policy, of the University of Houston.

The Houston Chronicle quoted Dr. Jones as follows...

"Area housing prices will ...

View More
May 7, 2012

West U Home Prices - Published Statistics Are Misleading

We all want to know how West U home prices are performing, and the Houston Chronicle has recently published their annual neighborhood report for home sales in Houston.  They reported just 52 house sold in West U.  However, a quick search of the Houston MLS shows over 200 closings in West ...

View More
April 30, 2012

Houston Economy 2012 - Energy Leads the Way

Energy Leads the 2012 Houston EconomyThe Houston Economy 2012 is driven by the energy industry, according to Bill Gilmer, an economist from the Federal Reserve Bank of Dallas.  The following was excerpted from Energy Leads the Way as Houston Surges in 2012HoustonBusiness, A Perspective on the Houston Economy, Dallas, March 2012.

"Houston ...

View More
April 16, 2012

Houston Housing Market - Inner Loop Strength

Houston Real Estate Market - Inner Loop StrengthThe Houston housing market has been showing exceptional strength in our inner loop neighborhoods, according to Tanya Rutledge, of the Houston Chronicle.

"The Houston-area housing market is strongest inside Loop 610 - even if no one is yet ready to call it great.

"People aren't writing multiple offers on hoods of ...

View More
Aug. 31, 2011

Housing Market Stabilizing

There are clear signs of the housing market stabilizing, both in our daily real estate transactions and in published economic sources. The following analysis is exerpted from an article by the Federal Reserve Bank of Texas.  The emphasis in the highlighted sections is mine.  TRM

Housing Market Stabilizing“…When will the housing ...

View More
Aug. 18, 2011

Houston Neighborhoods in the News

Great Places to Live per CNNThree Houston neighborhoods have just landed on CNNMoney.com’s lists of great places to live.  On August 15, 2011, Deer Park placed tenth on the list of the 100 most affordable communities.  Reference was made to the good jobs available at the Shell refinery and to the “low crime ...

View More
May 10, 2011

Cost of Living - Houston

Houston's Low cost of livingWhen it comes to cost of living, Houston ranks among world's 'Cities of Opportunity'

From the Houston Business Journal, May 3, 2011

"Houston ranks No. 1 in the world in terms of cost of living competitive advantage and purchasing power, putting it among the top 11 cities overall of ...

View More
May 10, 2011

Texas Business Climate - Best in Nation

Houston Business Climate - best in nationThe Texas business climate is the best in the natiion, as a recent study just published by Chief Executive.

“More than 500 CEO’s considered a wide range of criteria, from taxation and regulation to workforce quality and living environment, in our annual ranking of the best states for business… It’s ...

View More
Jan. 19, 2011

Electronic Signatures - Handy for Real Estate

Docusign - electronic signatures are valid on real estate contractsElectronic signatures are being used more and more often in real estate deals.  They are safe and fast.  In fact, I have just processed my first contract offer using electronic signatures. I have to say I liked it a lot.  At Roger Martin Properties, our client base is heavy ...

View More