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TEMPERATURES & THE HOUSTON REAL ESTATE MARKET SIZZLE IN AUGUST |
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HOUSTON — (September 20, 2011) — The mercury wasn't the only thing that soared in the month of August in Houston. Single-family home sales shot up more than 30 percent when compared to August of last year. However, as has been the case for the past several months, the rosy performance took on added luster as a result of last year's third quarter slowdown in home sales following expiration of the 2010 tax credit. That credit pushed local real estate transactions that otherwise might have taken place later in the year into the first two quarters of 2010. August marked the third consecutive month of increased sales and the fourth time in 2011 that sales volume entered positive territory.
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Fannie Mae Investor Credit Changes |
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LATEST BLOG: Pending Fannie Mae Credit Changes May Help Houston Area Investors! Buying Houston Investment Foreclosures may be back on track per a recent article written by Diana Olick. Last week I interviewed an investor who buys foreclosed properties and rents them out long-term for solid returns. He claims that's the only way to right the housing market — get long-term investors to eat up the excess inventory. |
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Houston Real Estate And Economic Outlook |
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Treadstone Realty Group: Houston's Premiere Real Estate Firm.
Houston Business Journal reported this week that home prices had seen a steady decrease in the market for the last 3 months. However, the local Houston market has seen a significant gain based on prices over a year ago. HBJ was quoted saying: " Home prices in the Houston-Baytown-Sugar Land metropolitan area were down 1.2 percent during the three-month period ended in November compared to the previous three-month period ending in August, according to a report by research firm Clear Capital. However, local prices jumped 10.1 percent year-over-year for November, giving the Houston area the fourth-largest rise among the Top 15 highest-performing markets behind Honolulu, Washington D.C. and New York City".
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Treadstone Realty Group: Houston Real Estate Property Updates In Real Time |
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Treadstone Realty Group: Now Streaming Live Property Updates Via Twitter Treadstone Realty Group is one of Houston's leading real estate firms, specializing in residential, commercial, luxury, REO, Foreclosures, Short Sales, and Investment Consulting. |
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