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.
Houston was recently named an Emerging World Capital in an article published on Forbes.com and was ranked as the second best U.S. City to Earn a Living.
Welcome to the Largest Local Association Rank Association/Board Location REALTORS® 1 HOUSTON ASSOCIATION OF REALTORS® INC Houston, TX 23,524 2 LONG ISLAND BOARD OF REALTORS® INC West Babylon, NY 23,121 3 GREATER LAS VEGAS ASSOCIATION OF REALTORS® INC Las Vegas, NV 13,493 4 CHICAGO ASSOCIATION OF REALTORS® INC Chicago, IL 12,871 5 METROTEX ASSOCIATION OF REALTORS® INC Dallas, TX 12,311 6 PACIFIC WEST ASSOCIATION OF REALTORS® Anaheim, CA 11,680 7 REALTOR® ASSOCIATION OF MIAMI-DADE COUNTY, INC. Coral Gables, FL 11,543 8 MAINSTREET ORGANIZATION OF REALTORS® Downers Grove, IL 11,371 9 REALTOR® ASSOCIATION OF GREATER MIAMI & THE BEACHES Miami, FL 11,004 10 NORTHERN VIRGINIA ASSOCIATION OF REALTORS® Fairfax, VA 10,768
When there are times of trouble, many people take advantage of those who have less experience or knowledge about the real estate market.
Recently, many scams have been targeting people who are among our most vulnerable citizens.
Some have called and claimed to reduce their mortgage interest rate to absurdly low levels if they will send some amount of money. The person will send it thinking they are saving themselves from foreclosure, but it is a scam. Now the people are not only still in danger of foreclosure—but also lost a good amount of their savings
There have also been many reports of scams utilizing Craigslist.com and other such sites.
Most recently, we have heard several reports of people supposedly from overseas looking at expensive properties and asking for money to be placed in an account and then wired to another bank on behalf of the client. Members have lost thousands of dollars! Be safe!
HVCC All nine Houston-area U.S. Representatives signed on to HR 3044, which would impose an 18-month moratorium on the HVCC.
Even though all of the Houston-area U.S. Representatives have already signed on as co-sponsors of the HVCC moratorium legislation, they still need to hear from you. Make sure you thank them for their support.
Also, we have specifically been asked to provide HVCC horror stories with Rep. Al Green, who sits on the Finance Committee over the HVCC. We are establishing a forum for stories to be shared.
NAR has issued a Call to Action that asks every REALTOR® in the country to contact your U.S. Representative to ask them to support extending the November 30, 2009 deadline for the $8,000 tax credit and expanding it to help more people. You may go to http://takeaction.realtoractioncenter.com/campaign/hbtc to send a letter to your Congressperson and Senators Hutchison and Cornyn.