HAR Chair Vicki Fullerton - Women's Council of REALTORS - June 17, 2009

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2009 HAR Chair Vicki Fullerton spoke to the Women's Council of REALTORS about the Houston real estate market and what new tools and services HAR has been developing.

2009 HAR Chair Vicki Fullerton spoke to the Women's Council of REALTORS about the Houston real estate market and what new tools and services HAR has been developing.

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  • 1. Vicki Fullerton Houston Association of REALTORS ® 2009 Chair of the Board Women’s Council of REALTORS ®
  • 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. What has HAR been doing lately?
  • 15. TAR/NAR Hill Visits
  • 16. Houston Named Ambassador City
  • 17. Generating Positive Buzz for Real Estate
    • HAR was the first association in Texas to host this class
    • About 300 people attended two courses taught by communications experts
  • 18. Timely Advertising
  • 19. HAR Goes Green
      • Date: June 10 th – 12 th
      • Time: 8:30am-5pm
      • Location: HAR Montgomery County
      • Investment : $295
      • Date: May 27th – 29th
      • Time: 8:30am-5pm
      • Location: HAR Central
      • Investment : $295
    Register Online at www.har.com/edu
  • 20. Free Member Blogs
  • 21. 713-REALTOR
  • 22. Client Experience Rating
  • 23. Newly Redesigned Free Member Web Sites
  • 24. Member and Listing Videos
  • 25. Troubling Times
    • 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
  • 26. Thank you! [email_address] http://www.slideshare.net/HARCommunications