Friday, May 2, 2014
Highly acclaimed Klein Independent school district.
Contact Amanda Nicodemus at 281-380-5589 for a private showing.
Tuesday, December 3, 2013
REDUCED PRICE! Remote controlled wrought iron access gate. New asphalt driveway. New light yellow exterior paint. Enjoy the peace and quiet of country living! Home situated on a 2 acre improved lot! Great location just minutes from Hwy 290 West. Completely Remodeled!
Wednesday, October 23, 2013
Come celebrate Halloween at the Outdoor Family Fright Fest featuring Trick or Treating on the Trails, traditional festival games and booths including treatwalk, face painting, moon walk, tattoo art, ghost toss, haunted tree houses and teepees, arts/crafts, pumpkins, photo booth and more. Children and families are encouraged to wear friendly festive costumes.
Admission is Free but all guests are encouraged to bring a non-perishable food item for the local food pantry. Donations are welcomed. Concessions also available to purchase.
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Tuesday, June 18, 2013
The former employees, who worked at different bank offices across the U.S. up until last year, claim they were told by upper management to lie to homeowners about the status of their mortgage payments and documents for the purpose of forcing them into foreclosure or getting them to sign modified "in-house" loans at rates of up to 5%, according to a CNBC report.
MortgageOrb: Lawsuit: BofA Lied To Homeowners Seeking Loan Modifications
Friday, May 10, 2013
Why Home Equity Beats Facebook Equity
If my parents had only bought me Berkshire Hathaway stock for my first birthday in 1962, I’d have made some serious money in stock equities.
Alas, they didn’t recognize the hot stock of their era any more than I would recognize the hot stock of mine.
Like most Americans, it’s home equity, not stock equity, that will pad my bank account when I hit the retirement finish line.
About two-thirds of Americans invest in home ownership, but only half of us invest in stocks. (I suspect this is in no small part because we have to make our mortgage payments every month or the bank comes and takes our houses back.)
The fact is, more of us are getting rich by buying and paying off our homes than by picking the next Facebook.
Here are some interesting facts from the National Center for Real Estate Research:
- 6 in 10 of us have more home equity than stock equity.
- One-fifth of Americans’ total net worth is home equity.
- Home owners accumulate, on average, $167,000 in their lifetimes, compared to $42,000 for renters.
- The median wealth for the poorest American home owners, those earning less than $20,000, is 81 times that of renters with similar income.
The bottom line is this: Even if renting appears cheaper on a spreadsheet, the forced savings of home ownership leads to wealth more reliably than renting. Many of us simply don’t have the willpower or motivation to save our discretionary income and invest it in stocks.
So unless you’ve got the inside track on the next hot future IPO, keep making your mortgage payments.
What’s worth more right now, your IRA or your home?
Read more: http://www.houselogic.com/blog/why-home-ownership-matters/facebook-ipo-home-equity/#ixzz2Sx7cb6Zh
According to the latest monthly data prepared by the Houston Association of REALTORS® (HAR), home sales jumped 17.0 percent compared to last March. Housing inventory, which had been at a 13-year low of 3.6 months during the first two months of the year, shrank slightly in March to 3.5 months.
The lower supply of homes and added demand sent prices higher. The median price of a single-family home—the figure at which half the homes sold for more and half for less—rose 6.5 percent to $172,000, an all-time record high for Houston. The average price rose 4.6 percent year-over-year to $236,195, the second highest level ever.
Contracts closed on 5,779 single-family homes. That is the largest one-month sales volume since August 2012. All housing segments experienced gains except for those priced under $80,000. Homes selling between $80,000 and $250,000 registered the greatest sales volume increase.
“REALTORS® continue to see multiple offers on single-family homes and condos throughout the Houston market, which suggests that our local economy is growing stronger by the day,” said HAR Chairman Danny Frank with Prudential Anderson Properties. “Governor Rick Perry recently stated that Texas is the fastest growing state in the country, and most of those people seem to be coming to the Greater Houston area because our job market is better than that of Dallas, Austin and San Antonio."
In reporting the addition of 118,700 net jobs during the past year, the U.S. Bureau of Labor Statistics ranked Houston No. 1 for job growth among the 20 most populous U.S. cities. The 4.5 percent hiring increase returns Houston to its previous job peak of the fall of 2011.
Foreclosure property sales reported in the HAR Multiple Listing Service (MLS) declined 27.2 percent compared to March 2012. Foreclosures currently make up 12.3 percent of all property sales, down from 15.8 percent one month earlier. The median price of foreclosures climbed 5.8 percent to $86,000.
March sales of all property types in Houston totaled 7,006, a 19.4 percent increase over the same month last year and the largest one-month volume since last August. Total dollar volume for properties sold leapt 23.6 percent to $1.6 billion versus $1.3 billion a year earlier.
Housing inventory in Houston held at 3.6 months in January and February, but slipped slightly in March to 3.5 months. That remains the lowest level recorded since 1999. Inventory first fell below a five-month supply in August 2012 and then dropped below a four-month supply last December. The inventory of single-family homes across the United States stands at 4.7 months, according to the latest report from the National Association of REALTORS® (NAR).
|CATEGORIES||MARCH 2012||MARCH 2013||CHANGE|
|Total property sales||5,866||7,006||19.4%|
|Total dollar volume||$1,276,756,997||$1,578,481,653||23.6%|
|Total active listings||41,997||32,704||-22.1%|
|Total pending sales||4,162||4,433||6.5%|
|Single-family home sales||4,941||5,779||17.0%|
|Single-family average sales price||$225,809||$236,195||4.6%|
|Single-family median sales price||$161,500||$172,000||6.5%|
- Single-family home sales increased 17.0 percent year-over-year, accounting for the market’s 22nd consecutive monthly increase and the largest one-month sales volume since August 2012;
- Total property sales rose 19.4 percent compared to one year earlier and also accounted for the largest one-month sales volume since August 2012;
- Total dollar volume jumped 23.6 percent, increasing from $1.3 billion to $1.6 billion on a year-over-year basis;
- At $172,000, the single-family home median price reached an historic high for Houston;
- At $236,195, the single-family home average price reached the second all-time highest level;
- 3.5 months inventory of single-family homes is the lowest level since 1999 and compares to the national average of 4.7 months;
- Sales of townhouses/condominiums shot up 47.1 percent year-over-year.
The information published and disseminated to the HAR Multiple Listing Services is communicated verbatim, without change by Multiple Listing Services, as filed by MLS participants.
The MLS does not verify the information provided and disclaims any responsibility for its accuracy. All data is preliminary and subject to change. Monthly sales figures reported since November 1998 includes a statistical estimation to account for late entries. Twelve-month totals may vary from actual end-of-year figures. (Single-family detached homes were broken out separately in monthly figures beginning February 1988.) Founded in 1918, the Houston Association of REALTORS®
(HAR) is a member organization of real estate professionals engaged in every aspect of the industry, including residential and commercial sales and leasing, appraisal, property management and counseling. It is the largest individual dues-paying membership trade association in Houston as well as the second largest local association/board of REALTORS® in the United States.