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Houston, TX Real Estate News

By Christopher & Bernadette Hurley
(Go Hurley Group)
Royal Oaks Market Report Brought to you by the Hurley Group. Selling your home in Royal Oaks?  What are the current market trends and house values in Houston, Texas?   Royal is an Exclusive Golf Course Community located on the west side of Houston, Texas  Royal Oaks-Houston, Texas 2006 Market Summary As of 12/31/200698 Homes sold in Royal Oaks in 2006.High Sales Price 2,850,000High Price per Square Foot  360.53Low Sales Price  399,000Low Dollar per Square Foot  125.98More than 1/2 of all homes sold were built after 2004.What is your Royal Oaks Home Worth?  Visit http://www.houstonhomebuyer.com/
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By Christopher & Bernadette Hurley
(Go Hurley Group)
 Market Summary Brought to You by the Hurley Group. Selling your home in West University?  What are the current market trends and house values in Houston Texas?   West University is a community located in Houston,Texas.  Houston, Texas 2006 Market Summary West UniversityAs of 12/31/2006 71 Homes sold in West University in 2006.High Sales Price 14,650,000High Price per Square Foot  482.46Low Sales Price 465,500Low Dollar per Square Foot  158.45fewer than 18 home sold built before 1980.  What is your West University Home Worth?  Visit http://www.sugarlandrelocation.com/
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By Steven Teoh, Los Angeles South Bay, Palos Verdes
(West Shores Realty)
Despite “doom and gloom” media reports on the national scene, Texas’ and Houston’s real estate markets during 2006 forged ahead of 2005.  While there may be some slackening in the coming months, especially in new housing starts, overall expect 2007 to be another robust year for residential and commercial real estate professionals throughout the metropolitan area.   
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By Steven Teoh, Los Angeles South Bay, Palos Verdes
(West Shores Realty)
www.Best-Houston-Homes.com Bridgeland Homes for SaleDec. 14, 2006, 2:24PMBridgeland will bring 65,000 residents to northwest areaIt will involve Cy-Fair, Katy, Waller districtsBy FLORI MEEKSHouston Chronicle Correspondent A new master-planned community is expected to add 21,000 single-family homes and 65,000 residents to northwest Houston.By the time Bridgeland is complete, it will be served by Cypress Fairbanks, Katy and Waller school districts. In addition to houses from $170,000 to the million-dollar range, it will be a community of retail, office, medical, college, recreation and worship facilities.The community is bounded by Fry on the east and Katy-Hockley Road on the west. Its northern border, the Cypress Creek Corridor, is south of U.S. 290, and Langham Creek will make the south...
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By Steven Teoh, Los Angeles South Bay, Palos Verdes
(West Shores Realty)
www.Best-Houston-homes.comCore Real Estate deal may give relief to tight Energy CorridorHouston Business Journal - December 15, 2006 by Christine Hall Houston Business JournalCore Real Estate has unveiled plans to construct a speculative office building on Enclave Parkway in the Energy Corridor -- which has become the hottest office development market in Houston due to a lack of available space. The new facility is part of a construction boom in west Houston where the Energy Corridor Management District estimates $420 million in commercial properties are currently under construction (see box). As of September, there was a vacancy rate of 6.8 percent in the Katy Freeway/ Energy Corridor area, according to research firm Delta Associates. The study showed that there was only about 275,000 ...
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By Steven Teoh, Los Angeles South Bay, Palos Verdes
(West Shores Realty)
www.Best-Houston-Homes.com Bridgeland announces first builders in master-planned communityHouston Business Journal - March 15, 2006 by Allison Wollam Houston Business JournalBridgeland, a 10,000-acre master-planned community in northwest Houston, has selected the team of builders for its first village of new homes, The Shores. Eleven builders will be offering homes, priced from the mid-$100,00s to more than $500,000, in this initial phase. The Shores will feature almost 600 homesites in 10 separate neighborhoods across 200 acres. Builders will be showcasing a total of 13 model homes in the Bridgeland Model Home Park, located just south of Shores Park, a four-acre park serving as the focal point for The Shores. The 11 builders participating in The Shores are Darling Homes, David Powers H...
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By Steven Teoh, Los Angeles South Bay, Palos Verdes
(West Shores Realty)
December 2006 SalesMODERATE GAINS IN AVERAGE HOME PRICES EQUAL BIG VALUE FOR HOUSTON AREA HOMEOWNERSPRICES INCH UP MORE THAN 5 PERCENT WHILE MAINTAINING AFFORDABILITY HOUSTON - (January 24, 2007) - The Houston real estate market continues to differentiate itself from the nation in seemingly cornering the market on affordability, according to statistics released by the Houston Association of Realtors®. Sales and prices ended 2006 with further strength, capping another record-breaking year for the greater Houston area.Total property sales for the month registered 7,136, which was a 1.1 percent increase over December 2005. Properties sold during the month reached a total of more than $1.4 billion, an 11.5 percent increase compared to last year's nearly $1.3 billion in December sales. Year-...
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By Marchel Peterson, Spring TX Real Estate E-Pro
(Results Realty)
The Houston real estate market continues to be very affordable, according to statistics released by the Houston Association of Realtors. Sales and prices ended 2006 with further strength, capping another record-breaking year for the greater Houston area. Total property sales for the month of December registered 7,136, which was a 1.1 percent increase over December 2005. Properties sold during the month reached a total of more than $1.4 billion, an 11.5 percent increase compared to last year's nearly $1.3 billion in December sales. Year-end sales totaled 87,435 properties with dollar volume exceeding $16.6 billion, compared to 79,012 properties worth $14.2 billion for all of 2005. Additionally, the median home price for a single-family home reached a monthly record for December of $150,0...
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By Kathye Warfield
(RE/MAX Top Realty)
I'm a lifelong resident of the Houston and Pearland area.  I've been selling real estate since 1998 and absolutely love it!  If you're interested in finding out more about Pearland, call or email me today!  I'd love to share!
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By Donna Burke
(Coldwell Banker United, Realtors)
Houston housing prices have been below the national average for years.  Although prices do not inflate at the rate of states like California, I feel fortunate that we can purchase a spacious quality home for a fair price.  Cities in Oklahoma seem to follow suit.  Whenever I get a buyer from anywhere in the country (other than OK) they are thrilled with what they can buy for the money.  For $200,000 you can buy a brand new, all brick 4 bedroom house with a study, pool, outdoor kitchen and 3 car garage that is in a great subdivision with award winning schools.  Even when someone has limited funds, a house is still a possibility.  You can still buy a 2 bedroom condo in a gated community for $60,000.  Houston is a great place to live!
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And not just any player.  Google has joined Zillow.com in the real estate fray.  Lots of news recently on non-traditional players in the Real Estate Industry moving into waters that traditionally has been jealously guarded by the National Association of Realtors.  From the if you can't beat ‘em, join ‘em file: Google has just announced a partnership with the Houston Association of Realtors (HAR) to upload Multiple Listing Service (MLS) data for the Houston Area.  HAR runs http://www.har.com/, the excellent online database and one that I have some personal experience with as a Houston based real estate investor.  This is a story I'll follow with interest.  The various blogs and forums are abuzz with news of the Zillow.com announcement, but this one, potentially, is more interesting.  The...
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The Matrix blog has a very interesting post about  - Broker Commissions: The Law of Thirds, Getting a Percentage and Bloodhound blog has Why a flat fee for buyer representation?  Because the money is in the meter drop..  I love these lively and all to common discussions.  Good Realtors have for sometime known not to expect windfall commissions like those of past generations.  Good Realtors understand that getting paid for nothing is not what best serves the interest of the industry or the longevity of their careers.  This topic has long been in my mind since getting financially smoked by our last Realtor.  Last time we sold a house was almost two years ago.  I listed our home with an affable Realtor.  He brought over his pitch book which was a corny thing that reminded me of a somethin...
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Here is the scenario:  I am looking to purchase an apartment building.  I need to borrow about 225k from investors to purchase the deal and to maintain the property.  Purchase price 1.25M.  In about 12-16 months time, the building will be worth 2.1M and we would have approximately 1M in equity.  My idea is to cashout refinance at that time and pay the investors off.  If you were an investor for this would you be satisfied with tying up your money for 12-16 months and in return getting double your money back? Would 2.5x your money back be more realistic?  Thanks in advance for your opinions. 
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As soon as my residential career gets off its feet, I want to switch to commercial.  (just can't afford to wait forever for a deal to close right now.)  I am in the process of purchasing an apartment building in Texas and it is so much easier than residential.  Don't get me wrong, there is a lot of work involved, but it is all numbers and all business.  There is no emotional attachment to a commercial building.  All parties are more professional.  Both sides understand that it is a business transaction.  You don't have husbands and wives arguing over anything.  This is how all transactions should be.  I would love to hear from people who have made the switch from residential to commercial real estate and hear their opinions of it.  Numbers don't scare me, and I am very good and crunchin...
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By Steven Teoh, Los Angeles South Bay, Palos Verdes
(West Shores Realty)
HOUSTON — (June 15, 2006) — Across the country when people discuss real estate, you hear comments like “bubble,” “soft landing,” or “the boom has ended,” but Houston is solidly a seller’s market and the steady strength that has been exhibited during the last decade or more carries on. Many indications point to sustained price appreciation as sales figures continue to keep pace with the number of new listings...For more info, please visit: http://www.har.com/mls/dispPressRelease.cfm?MONTH=06&YEAR=06
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