Brad and Angelina exclaim, “We Need a Bigger House, Now!”
Despite what the national media says, the real estate market, at least here in Katy, is not belly-up. Granted, there is more inventory and it usually takes several months to sell even the nicest, priced-correctly house, houses are selling and prices are stable if not what they were several years ago when we were in a frenzied seller’s market. This is a buyer’s market but not a bottom-less pit where sellers are lucky to get even the most paltry offer.
We are in a safe zone, meaning we don’t know if the market has bottomed out but it is certainly less expensive than it was a year ago. Waiting to hit the very bottom is a dangerous proposition, just ask anyone who has rolled that dice in the stock market. Wait and wait and wait to buy and prices can go up without a warning. Once the market bottoms out, there is swift upward turn.
In these volatile economic times, almost anything can spur an adjustment in the housing market. Today, interest rates were lowered; this should be favorable for sellers. As the stringent credit qualifications of the last several months relax, there will be more buyers competing for the existing inventory.
The market will adjust itself; it always does. Professional prediction is that we are looking at an even market that doesn’t favor either sellers or buyers. Nobody can calculate when this change will occur. It is certainly one of the goals of the economic bailout. The housing market is a prime indicator of our nation’s economy.
For information about Katy area homes, you can search the entire Houston MLS from this blog. For questions or to tour any area homes, contact me directly at 713-818-2404. I have specialized in Katy real estate for over 19 years. Experience does count!
Copyright © 2007 The Katy Texas Blog That Never Runs Dry 
Interesting take… Brangelina’s home preference indicates changes in the housing market. I heard they bought a house in bastrop is that true?
Funny…I thought it was Pasadena!