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Think long-term and think re-sale: Are you planning to have kids? Will you be taking care of elderly relatives? You might be planning to live in your first home for only a few years. In that case, who is your target audience when it comes time to sell the house? If you buy a house in a very bad school district or a house on a very busy street, when you are ready to sell the house, most families with children will be out of your list of potential buyers. Make a list of items to check: Home-buying is an emotional process. Ideally, you should...read more
An uptick in new listings of homes apparently helps meet buyer demand HOUSTON — (July 9, 2014) — Houston’s housing market refuses to lie down and take it. After the first decline in three years in May, home sales charged back into the black in June, most likely the result of an increase in new listings of properties. Those new listings may finally be helping feed the voracious appetites of home buyers who have been stymied by the lowest inventory levels in 40 years. While inventory improved slightly to a 2.9-months supply, the month of May...read more
What cool, yet unconventional, home additions can homeowners and real estate investors add for additional appeal to their property? Adding the right improvements can result in huge profits for any investor. Home additions and improvements are constantly a source of controversy in the real estate community. Green real estate investors and regular homeowners frequently and mistakenly believe that the improvement ideas they have will automatically add value to their properties. Unfortunately, while many of these upgrades may make the property...read more
Open Floorplans Getting Closed Off? Demand Grows for Separate Kitchens Open floorplans have been in high demand in recent years, with buyers showing preferences for open kitchens and dining areas tucked into great rooms. But could that be changing? A New York Times article highlights a “separate kitchen comeback,” as some home owners say they want a more defined space for a kitchen and dining area. More new buildings are opting to feature separate kitchens and formal dining rooms due to a rising demand for separate corridors, according to the...read more
Americans today are more likely to think real estate is the best option for long-term investments than in the past, ranking it ahead of gold and stocks. These results are from Gallup’s April 3-6 Economy and Personal Finances poll that asked Americans to choose the best option for long-term investments: real estate, stocks and mutual funds, gold, savings accounts and CDs, or bonds. Prior to 2011, Gallup asked the same question, but did not include gold as an option. Gold was the most popular long-term investment among Americans in 2011...read more
Whether they’re battle-tested veterans or fresh-faced newbies, entrepreneurs undergo an intense learning process when establishing and launching a business. Even those who’ve been through it before typically face a certain amount of uncertainty. That’s why it’s critical that they learn as much as possible about their specific area of business as well as entrepreneurship as a whole. Probably thousands of books offer business, leadership or startup advice, but we’ve narrowed it down to just 14. Entrepreneurs and...read more
Looking for a new place to call home? The city wants you to consider living in the heart of downtown. But first, they’re trying to attract developers to build. It’s been a problem in downtown Houston for decades; people work there but no one lives in it. It’s unusual, especially for such a big city, so that’s why the city started initiating a 380-Agreement. Now they’re trying to make it even bigger. The ability to bike or walk to work is the main reason Samaan Aziz chose to live downtown when he moved to...read more
Despite low inventory, home sales blossom for a 34th straight month If there’s a depleted supply of homes for sale in Houston, you wouldn’t know it from the market’s new monthly home sales figures. March brought about the 34th consecutive month of positive home sales, despite the record low 2.6-month supply of inventory that has prevailed throughout 2014. According to the latest monthly report prepared by the Houston Association of Realtors (HAR), home sales rose 3.7 percent year-over-year, with March single-family home sales totaling 5,971....read more
We all have 24 hours in a day, but some people seem to get so much more out of their hours than others. So what scheduling trends can be found amongst some of the most famous people throughout history that might be replicated and leveraged to help today’s entrepreneurs, real estate professionals and investors maximize their time and achievements? The Huffington Post recently ran a feature covering data from a book on the daily rituals of successful individuals and infographics breaking down their respective days. Some of the notable...read more
Houston is one of 19 U.S. metros where home prices are overvalued, according to a new report from real estate website Trulia.com. At just 2 percent, however, this area is on the low end of the spectrum. By comparison, prices in Orange County, Calif., and Honolulu are overvalued by 16 percent and 13 percent, respectively. The data show Houston-area home prices rising 11.5 percent over the past year, helping push this market into overvalued territory. Trulia also looks at historical prices, incomes and rents when making its determinations. “The...read more