Big Oil Could Affect Real Estate

The announcement that Schlumberger will acquire Houston based Cameron could affect the Houston Real Estate market according to Chron.com. Especially if the two companies start to consolidate their offices or even close down Houston area offices, and hopefully this doesn’t mean any layoffs for those affected employees. Unfortunately, in the rocky oil and gas markets right now, that might be unavoidable.

While the Houston market isn’t completely dependent on Oil and Gas like it was in the 80’s crash, the oil and gas markets still do affect Houston’s Real Estate supply and demand.

Read the entire article at: http://blog.chron.com/primeproperty/2015/08/schlumberger-and-cameron-deal-leaves-real-estate-implications/#28514101=0

Keep in mind, that Exxon appears to be moving ahead with their Exxon Mobile complex in the Woodlands. This will continue to drive up demand for homes in the Woodlands, Spring, and Tomball, and, over time, possible escalate prices in these areas.

New JodieCollins Website

Visit our new JodieCollins Website

Not only does Keller Williams Professionals have a new address, and the QBee team have a new office, we have update our website.

JodieCollins.com

Visit the new JodieCollins website and let us know what you think. For the mobile users out there, “Yes” we are actively working on our new mobile site and hope to have it online as soon as we can.

New JodieCollins Website

 

 

2015 Hurricane Preparedness Guide

2015 Hurricane Preparedness Guide

Believe it or not, Hurricane season has already started and continues until the end of November. While the Gulf might be quite for now, that doesn’t mean that it will continue. If you haven’t already run through your Hurricane Preparedness checklist yet, we suggest you do ASAP. Don’t wait until the bad weather is on its way, before preparing:

2015 Hurricane Preparedness Guide

the QBee Team

MCC & Loan Combo Home Mortgage Option

Do you know that there are several Texas mortgage programs available? Just one of the possible programs that could be available to you is the MCC & Loan Combo Home Mortgage Option.

MCC & Loan Combo Home Mortgage Option

According to Jill McFarren, a senior communications and marketing adviser for the Texas Department of Housing and Community Affairs, and the Texas Association of Realtors,  the Conventional Home Mortgage Option: Maximizes Benefits.

Allows the mortgager to combine Texas Mortgage Credit Certificates with a mortgage home loan.

While we can’t tell you if you qualify for the above mentioned MCC & Loan Combo Home Mortgage Option. The QBee team can offer a list of qualified mortgage loan officers for you to choose from that can.

Contact us today for more details and for our list of highlighted mortgage loan officers and companies and to see all the other ways that the QBee team can help you.

MCC & Loan Combo Home Mortgage Option

Conventional Home Mortgage Option

Do you know that there are several Texas mortgage programs available? Just one of the possible programs that could be available to you is the Conventional Home Mortgage Option.

Conventional Home Mortgage Option

According to Jill McFarren, a senior communications and marketing adviser for the Texas Department of Housing and Community Affairs, and the Texas Association of Realtors,  the Conventional Home Mortgage Option: Provides flexibility for homebuyers.

The TDHCA offers incentives and assistance with downpayment and closing costs under MFTH.

While we can’t tell you if you qualify for the above mentioned Conventional Home Mortgage Option. The QBee team can offer a list of qualified mortgage loan officers for you to choose from that can.

Contact us today for more details and for our list of highlighted mortgage loan officers and companies and to see all the other ways that the QBee team can help you.

Conventional Home Mortgage Option

My First Texas Home Program

Do you know that there are several Texas mortgage programs available? Just one of the possible programs that could be available to you is the My First Texas Home Program.

My First Texas Home Program

According to Jill McFarren, a senior communications and marketing adviser for the Texas Department of Housing and Community Affairs, and the Texas Association of Realtors,  the My First Texas Home Program: Offers loans and downpayment and closing-cost assistance.

The My First Texas Home Program (MFTH) offers additional home loan options for qualified first time home buyers, which sometimes can include downpayment and closing-cost assistance.

While we can’t tell you if you qualify for the above mentioned My First Texas Home Program. The QBee team can offer a list of qualified mortgage loan officers for you to choose from that can.

Contact us today for more details and for our list of highlighted mortgage loan officers and companies and to see all the other ways that the QBee team can help you.

My First Texas Home Program

HAR MLS Report for July 2015

HAR MLS Report for July 2015

 

ALONG WITH TEMPERATURES, HOME SALES AND PRICES REMAIN HOT IN JULY

Prices hit July highs and inventory continues to expand

HOUSTON (August 12, 2015) The mercury wasn’t the only thing on the rise in Houston in July. For a second straight month, home sales and prices surpassed last year’s record-breaking pace, while housing inventory levels showed further improvement. Homes priced below $150,000 experienced a sales decline, while those above $500,000 showed particularly strong sales volume.

July single-family home sales totaled 8,147 units-the highest one––month volume ever–– compared to 7,637 a year earlier, according to the latest monthly report prepared by the Houston Association of Realtors (HAR). The time it took to sell the average home matched last year’s 45 days.

Months of inventory, the estimated time it would take to deplete the current active housing inventory based on the previous 12 months of sales, increased to a 3.4-months supply versus 3.0 months last July. That is the greatest supply of homes since July 2013, but remains below the current national supply of 5.0 months of inventory.

Home prices achieved July highs, with the average price of a single-family home up 6.3 percent year-over-year to $293,790. The median price—the figure at which half the homes sold for more and half for less—rose 8.6 percent to $220,000.

July sales of all property types amounted to a record-setting 9,653 units, an increase of 6.0 percent versus the same month last year. Total dollar volume rose 9.5 percent to $2.7 billion.

“The Houston housing market has been blessed with another solid month of gains,” said HAR Chair Nancy Furst with Berkshire Hathaway HomeServices Anderson Properties. “Despite lingering concerns about falling oil prices and layoffs within the energy industry, I believe the strength of Houston’s housing market continues to be buoyed by our tremendously diverse local economy.”

July Monthly Market Comparison

The Houston housing market benefitted from across-the-board gains in the July 2015 versus July 2014 analysis, with single-family home sales, total property sales, and total dollar volume all up, and prices reaching record highs for a July.

Month-end pending sales for single-family homes totaled 7,959, a 4.1 percent increase compared to a year earlier. Active listings, or the number of available properties, at the end of July rose 12.7 percent to 33,679.

Houston’s housing inventory saw a notable expansion in July, reaching a 3.4-months supply versus the 3.0-months supply of one year earlier. That matches the inventory level recorded in July 2013, but remains below the current national supply of homes which stands at a 5.0-months supply, according to the National Association of Realtors (NAR).

CATEGORIES JULY 2014 JULY 2015 CHANGE
Total property sales 9,108 9,653 6.0%
Total dollar volume $2,405,689,100 $2,690,968,034 11.9%
Total active listings 29,880 33,679 12.7%
Single-family home sales 7,637 8,147 6.7%
Single-family average sales price $276,281 $293,790 6.3%
Single-family median sales price $202,500 $220,000 8.6%
Single-family months inventory* 3.0 3.4 15.2%
Single-family pending sales** 7,646 7,959 4.1%

* Months inventory estimates the number of months it will take to deplete current active inventory based on the prior 12 months sales activity. This figure is representative of the single-family homes market.
** Effective May 2015, in an effort to be consistent with industry standards, the Houston MLS is now including all categories of pending sales in its reporting. Previously, the Houston MLS did not include “option pending” and “pending continue to show” listings in its reporting of pending sales. The new methodology is now all-inclusive for listings that went under contract during the month.

Single-Family Homes Update
Single Family

Single-family home sales totaled 8,147 in July, an increase of 6.7 percent from July 2014. Home prices reached the highest levels ever for a July in Houston. The single-family average price rose 6.3 percent from last year to $293,790 and the median price jumped 8.6 percent year-over-year to $220,000. The average number of days it took to sell a home, or Days on Market (DOM), was 45 in July, matching the DOM of a year earlier.

Single-family home sales tracked on a year-to-date basis were flat in July at 43,559.

Broken out by housing segment, July sales performed as follows:

  • $1 – $79,999: decreased 30.1 percent
  • $80,000 – $149,999: decreased 17.9 percent
  • $150,000 – $249,999: increased 11.9 percent
  • $250,000 – $499,999: increased 12.6 percent
  • $500,000 and above: increased 18.3 percent
Single Family Average Home Price

HAR also breaks out the sales figures for existing single-family homes. Existing home sales totaled 7,133 in July. That is a 6.6 percent increase over the same month last year. The average sales price rose 5.2 percent year-over-year to $276,094 while the median sales price jumped 7.9 percent to $205,000.

Townhouse/Condominium Update

Sales of townhouses and condominiums increased 7.3 percent in July. A total of 720 units sold compared to 671 properties in July 2014. The average price, however, fell 3.8 percent to $202,991 and the median price declined 3.5 percent to $152,500. Inventory grew slightly from a 2.7-months supply to 2.9 months.

Townhouse/Condominium Sales
Lease Property Update

Demand for single-family lease homes rocketed 11.8 percent in July. The average rent for such properties climbed 3.0 percent to $1,864. Townhouse/condominiums leases were up 8.0 percent in July with their average rent up 4.6 percent to $1,625.

Houston Real Estate Milestones in July
  • Single-family home sales rose 6.7 percent versus July 2014;
  • Total property sales were up 6.0 percent year-over-year to a record 9,653 units;
  • Total dollar volume increased 11.9 percent to $2.7 billion;
  • At $293,790, the single-family home average price reached a record high for a July;
  • At $220,000, the single-family home median price also achieved a record July high;
  • Single-family homes months of inventory climbed to a 3.4-months supply, matching a level not seen since July 2013;
  • Townhome/condominium sales rose 7.3 percent;
  • Single family home leases were up 11.8 percent while townhome/condominium leases rose 8.0 percent with average rents up year-over-year.
The computerized Multiple Listing Service of the Houston Association of REALTORS® includes residential properties and new homes listed by 29,000 REALTORS® throughout Harris, Fort Bend and Montgomery counties, as well as parts of Brazoria, Galveston, Waller and Wharton counties. Residential home sales statistics as well as listing information for more than 50,000 properties may be found on the Internet at http://www.har.com.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 29,000-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.

TX Mortgage Credit Program

Do you know that there are several Texas mortgage programs available? Just one of the possible programs that could be available to you is the TX Mortgage Credit Program.

TX Mortgage Credit Program

According to Jill McFarren, a senior communications and marketing adviser for the Texas Department of Housing and Community Affairs, and the Texas Association of Realtors,  the TX mortgage credit program: Helps buyers year after year.

When qualifying for the program, home owners using Texas Mortgage Credit Certificates (MCCs) can receive up to a $2000 reduction in their income-tax obligation per year for the life of the mortgage loan.

While we can’t tell you if you qualify for the above mentioned TX Mortgage Credit Program. The QBee team can offer a list of qualified mortgage loan officers for you to choose from that can.

Contact us today for more details and for our list of highlighted mortgage loan officers and companies and to see all the other ways that the QBee team can help you.

TX Mortgage Credit Program

Children Friendly Activities to Help Keep Cool

Children Friendly Activities to Help Keep Cool

Not only is hot, the three digit temperatures can be very dangerous. Stay cool and safe, and make sure that the children, elderly, other who may need assistance, and the animals are doing the same.

Even though schools are starting up soon, you may still be looking for cool places to take the children. Here is a quick list of places that are nice and cool and kid friendly!

https://www.morningsidenannies.com/blog/10-places-to-cool-off-with-kids-in-the-hot-houston-heat/

Children Friendly Activities to Help Keep Cool