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Edge043012
Edge043012
Edge043012
Edge043012
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  • 1. Houston Bucks Apartment Rental Trends • The average rent for apartments in Houston decreased 1.1 percent over the past year, according to a new report from TransUnion. • Houston’s average rent was $881 in the first quarter of 2012, down from $891 in the same quarter a year earlier. • The average rent nationwide was $865 in the first quarter, up 4.4 percent from the $829 average recorded in 2011. That increase is not surprising given that vacancy rates reached their lowest level since 2001, TransUnion’s Mike Mauseth said in the company’s statement. • However, the average rent declined in six of the 10 major markets that TransUnion analyzed for its report with the largest declines in Denver, Chicago and Los Angeles. • Mauseth noted differences even in large metro areas situated relatively close to each other, as prices decreased in Houston and Los Angeles but increased in Dallas and San Diego.
  • 2. Mortgage Rates Approach Record Low • The average rate on a 30-year fixed mortgage has dipped to near its record low, keeping homebuying and refinancing affordable. • Mortgage buyer Freddie Mac announced last Thursday that the rate on the 30-year loan dropped to 3.88 percent, down from 3.9 percent. In February, the rate hit 3.87 percent, the lowest since long-term mortgages began in the 1950s. • The average on the 15-year fixed-rate mortgage, a popular refinancing option, dipped to 3.12 percent, down from 3.13 percent the week prior. The national average hit an all-time low of 3.11 percent in early April.
  • 3. Weekly HAR Market StatTheres that sound again – the message you used to hear back in the day on the TVand radio or read in newspapers and on the Internet. Real estate stories are mostlybeing cast in a generous light. Thats all well and good, but is now the time to list orbuy? Answering that question still depends on many specific, localized, determiningfactors, but we have reached a place where the process is generally more positive andenjoyable. The American dream of homeownership is no longer haunted by nightterrors. In the Houston region, for the week ending April 22: • New Listings increased 3.7% to 2,430 • Pending Sales increased 59.7% to 1,877 • Closed Sales increased 18.9% to 1,206
  • 4. Negotiate Your Way to Success Advanced Negotiations for Sellers Date: Wednesday, May 9 Time: 9 a.m. – 4 p.m. Location: HAR Central Investment: $99 Negotiations Generational/Cultural Factors Date: Thursday, May 10 Time: 9 a.m. – 4 p.m. Location: HAR Central Investment: $99Register Online at www.har.com/edu Questions? 713-629-1900 ext. 6

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