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HAR Chair Vicki Fullerton - Montgomery County Chamber of Commerce Presentation
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HAR Chair Vicki Fullerton - Montgomery County Chamber of Commerce Presentation

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HAR Chair Vicki Fullerton presented to the Montgomery County Chamber of Commerce about the current state of the greater Houston real estate market.

HAR Chair Vicki Fullerton presented to the Montgomery County Chamber of Commerce about the current state of the greater Houston real estate market.

Published in: Real Estate, News & Politics

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Transcript

  • 1. Vicki Fullerton Houston Association of REALTORS ® 2009 Chair of the Board
  • 2. No Place Like Home…Greater Houston
  • 3. Steady Growth in Prices
  • 4. Houston Home Sales Have Declined
  • 5. Sales Began Dropping in Early 2007
  • 6. But Months Inventory is Showing Signs of Improvement
  • 7. And Active Listings are Decreasing
  • 8. Prices Have Held Up But are Tapering Off Content
  • 9. New Homes Sold Through the MLS Have Skyrocketed
  • 10. Permits Show Depressed New Construction Market
  • 11. For All the Talk About Foreclosures… Less Than Half the 1980s
  • 12. More mortgage workouts
  • 13. Where is Houston going?
    • We have seen steady double-digit increases in the number of leases completed through the MLS, which are typically single-family homes.
    • Those renters are likely people who wanted to purchase but have been caught by more stringent lending standards.
    • They are expected to enter the market in a year or more, as they have saved more for a down payment and have corrected credit problems.
    • Also, despite declining energy prices which took away some of the cushion we enjoyed, Houston is still cited in numerous reports as being one of the best real estate markets in the country and is expected to rebound earlier than most others. Houston added more than 42,000 jobs last year, through November, and it is still considered a stronger economy.
    • The Association of Foreign Investors in Real Estate recently ranked Houston as the 8 th best investment market in the world !
    • Real estate will follow through on the economic conditions…as they improve, real estate will also.
  • 14. Thank you! [email_address] http://www.slideshare.net/HARCommunications