On February 13, 2011 at 14:00 PM, you are invited to an Open House at 2226 Arrowwood Trl in Katy. If you are looking for a Resale – single family property in this area, don™t miss this rare opportunity to visit this magnificent property. For a preview of this Resale – single family property, check out my site at http://www.candiceskoby.com. Please do not hesitate to Contact Me if you have any questions or wish to schedule a private showing.
Results from the Metrostudy, relating to job growth and home starts, have just been released…and the news is great!
The economy in the Houston area had more that 13,000 more jobs in 2010 than it did at the end of 2009. This is a .5% increase after loosing jobs in the previous year. Concerning home starts in our area, there was an increase of 1.1 % over 2009. This is significant because it’s the 1st increase for new homes after 3 previous years of decline. In Houston, the inventory on new homes stands at a 5 month supply which is below the 6 month equilibrium that was expected by the Metrostudy. When looking at completed home inventory, statistics show a drop to 5,320 units, which is about a 3 month supply.
The director of Metrostudy’s Houston division has been quoted in saying, “The Houston market continues to face fewer market obstacles than most U.S. markets.” “Texas’ pro-growth policies and business friendly environment will continue to benefit local housing markets and allow for 2011 to show moderate growth.”
Winter Weather Advisory in effect Wednesday from noon until 6 p.m.
Posted February 9, 2011 6:47:48 AM CST FOR IMMEDIATE RELEASE
The national weather service in Houston/Galveston has issued a winter weather advisory for freezing rain which is in effect from noon today to 6 P.M. CST this evening.
An arctic cold front will move quickly across the area late this morning. Temperatures will quickly fall to below freezing by early afternoon. Any lingering precipitation behind the front will likely freeze on contact with the surface. The potential exists for ice to form…mainly on elevated roadways including bridges and overpasses. Ice accumulations are expected to be light. The precipitation is expected to taper off by late afternoon.
Temperatures this afternoon are expected to drop into the 20s. Accompanying the freezing temperatures will be north winds gusting between 20 and 30 mph. This wind and temperature combination will
cause wind chills to fall into the teens and 20s. Some locations may even experience wind chills in the single digits.
Bridges and overpasses in the advisory area may become covered with a thin layer of patchy ice making driving hazardous.
Beginning on February 1st of the this year, Freddie Mac has begun to require lenders to look back 120 days into a buyer’s credit files to see there are any signs a buyer is applying for credit anywhere else. Then lenders must check to see if these applications were approved. If the lenders findings expose new debts, a buyer’s mortage loan could be affected. If this is the case your lender might have to revise the terms of your loan.
The Texas Association of REALTORS ® provides media outlets with the Texas Quarterly Housing Report, which reflects what’s going on in 47 of the state’s markets. The latest report indicates that the expiration of the federal home-buyer tax credit left sales volume down in the fourth quarter of 2010 compared to 2009, when the bulk of tax-credit-fueled sales occurred. However, home prices throughout Texas have held steady and actually reflect a modest (1% median) increase from 2009 to 2010.