For 2008, Cinco Ranch was the No. 1 community for new-home sales in Houston and Texas, ranking second nationwide, according to a study released by RCLCO, a leading independent real estate advisory firm which has compiled the annual list since 1994.
With 775 new-home sales in 2008, Cinco Ranch was one of only three communities on the RCLCO list to report positive sales gains for 2008 over 2007. Despite the economic downturn, new-home sales in this 7,600-acre community, a development of Newland Communities, increased 7 percent in Read the rest of this entry »
Spoken by Julie Q. Fuelling |
Many Katy Realtors still do not understand the process of a Short Sale even though there are many such properties in Katy. What does it take to get a get a Short Sale written and closed? Acquaint yourself with the basics by reading this article and call me at 713-818-2404; I am an expert in the field of Short Sales!
Let’s start at the beginning, what is a “Short Sale”. A Short Sale is where the net proceeds from the sale of a property are less than what is owed to mortgage companies and other lienholders. The seller receives no funds from the sale and all lienholders must agree to the transaction.
The seller’s best interest is served by having any sale approved by the mortgage company. Although the seller’s credit is adversely affected, Read the rest of this entry »
Spoken by Julie Q. Fuelling |
South of I-10: I often get asked which of the two zip codes in south Katy is doing better in this real estate market. The truth is both zip codes are performing very much the same.
For more specific answers, let’s look at some detailed statistics prepared today with the very latest data. The black line represents zip code 77450 and the orange line represents 77494.
Median Price in 77450: This week, the median single-family home price in Katy 77450 is $226,500. This week prices in this zip code remained relatively flat. However, the recent trends have us pulling back from the market’s high points.
Keep an eye on the Market Action Index (see below) for a leading indicator of the duration of this downward trend. The Market Action Index answers the question, “How is the market?” It measures the current rate of Read the rest of this entry »
Spoken by Julie Q. Fuelling |
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