The Smart Money Says...

Jan. 7, 2011

Houston Home Prices Expected to Rise in 2011

Houston Home Prices to rise in 2011Forbes.com predicted that Houston home prices will rise in 2011, according to this article dated January 6, 2011...

"Today the real estate research provider released its monthly Clear Capital Home Data Index (HDI) market report, recapping the price fluctuations of 2010 and asserting market valuation forecasts for 2011.

"According ...

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Dec. 13, 2010

Houston Shopping Ranked Best in Nation by Forbes.com

Houston Shopping Best In NationAlright, it’s official! Houston shopping is the best in the nation!  I guess that means that we Houstonians are the biggest Shopaholics in the USA!

Forbes.com has just ranked all the major metropolitan areas in the country for their retail savvy, and Houston topped the list.  Surprisingly ...

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Oct. 29, 2010

Housing Market - West University Place Report

So how IS the housing market in West University Place? A number of friends, neighbors, and customers have approached me recently.  They are concerned by recent newspaper reports that prices in West University Place are “down ten percent”.Well, sort of.

Since 2007, I have kept rolling average statistical reports ...

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Sept. 21, 2010

First Time Home Buyer Assistance - That Has NOT Expired!

First Time Home Buyer AssistanceOf course there has been much press coverage about the expired federal first time home buyer assistance program.  But did you know that the Texas Department of Housing & Community Affairs has two STATE programs still in effect????

  • Their first program gives downpayment assistance and low-rate loans, and

  • Their ...

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Sept. 13, 2010

Hurricane Ike - Two Years and Counting

Hurricane KatrinaThe Texas Association of Realtors held their annual convention in Galveston this year.  Interestingly enough, the dates coincided with Hurricane Ike’s second anniversary.

Given the destruction caused by Hurricane Ike, I am astonished at the improvement in the City of Galveston.  True, a few buildings are still boarded up ...

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Aug. 31, 2010

Hurricanes - the Effect on Houston's Housing Market

Hurricanes and the Effect on the Houston EconomyWe Houstonians will always be proud of our response following the twin disasters of Hurricanes Katrina and Rita. We rose to the challenge as a caring community and not as the impersonal mega-metropolis that our size might indicate.

Houston’s housing market easily absorbed the 240,000 people who were displaced ...

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Aug. 1, 2010

First Time Home Buyer Credit - Effect on Houston's Housing Market

First Time Home Buyer Credit
First Time Home Buyer Credit

 

The federal First Time Home Buyer credit program has just expired.  We real estate professionals saw an increase in sales from this program.  But was the effect of this program temporary or long-term?

A report from the Federal Reserve Bank of Dallas discusses ...

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June 18, 2010

Houston - Best Cities for Young Professionals

Houston named best city for young professionalsHouston has just been named one of America's best cities for young professionals, according to Forbes.com....

June 17, 2010

University valedictorians, overachievers and would-be entrepreneurs across the country graduated this month into a bleak economic landscape.  Faced with 9.5% national unemployment, even the most ambitious young ...

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May 29, 2010

Houston - a Model 21st Century City

Houston - a model 21st century cityAccording to Forbes.com, Houston is a model 21st century city...

June 7, 2010

Innovation, job growth and immigration put Houston ahead of New York and Boston

Do cities have a future? Pessimists point to industrial-era holdovers like Detroit and Cleveland. Urban boosters point to dense, expensive cities like New ...

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May 26, 2010

Houston Economy - Good News and Bad News

Dr. Barton Smith discussed the good news and bad news for the Houston economy.For many years, I have been a fan of the foremost expert on the Houston economy, Dr. Barton Smith from the Institute for Region Forecasting of the University of Houston (www.uh.edu/irf).  This week, I was privileged to get a sneak preview of his upcoming symposium.

As ...

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