Real Estate Market Reports – The Woodlands TX – March 2010

Real Estate Market Update

I’m happy to report that real estate activity is beginning to heat up, as it always does this time of the year.  There are positive influencers that should assure increasing activity, at least until July or so.

Home Buyers – Read This

If you’re a buyer, and you find what you like, pull the trigger or you’ll lose out. The average number of days on the market for sold properties in the 70 to 80 day range.  The average for unsold properties is in the 110 days range.  The sweet one’s sell in a day or two, don’t lose out.

Mortgage interest rates are pygmy sized, dipping just below and just above 5%.  Come on!  That means a $300,000 mortgage will run around $1,500 per month in principal and interest.  Every expert agrees that after the government stops buying mortgage securities, rates will go up.  Simple question, do you want lower payments now or higher payments later?  Act now or pay more, I guess.  Don’t you think?

The Homebuyer Tax Credits will end in June. If you’re a qualified buyer, we’re talking free money.  Yes, FREE MONEY.  You can get FREE MONEY now, or wait and lock in a higher interest rate, higher monthly payments and get NO FREE MONEY.  Not sure if you qualify?  You can read about it HERE.

And lastly, as for reasons to buy now, I believe this article from Business Week speaks loudly – If You Don’t Buy A Home Now, You’re Either Broke or Stupid.

Home Seller’s – Read This

For Sale listing inventory is a bit lower than last year and sales activity is above last years at this time.  This means you have less competition (resale and new homes) and more buyers.  For the reasons I’ve shared above, possibilities for an agreeable sale are “right now”.

The key to a successful sale is masterful merchandising, bold internet broadcasting, competitive pricing and choosing the right Realtor Icon to coordinate and lead your campaign.  Take a look at the picture below.  As you can see, the sellers we represent sell their homes for alot more money that our competitors.  This doesn’t happen by accident.  We have a plan, we work our plan and good things happen.  You’ll find more helpful data/information in the collection below.

Homes prices have remained stable for the most part.  Real estate is hyper local in nature.  That means what’s happening in your specific neighborhood could be better or not that The Woodlands averages.  The good news for all of us, we don’t live in Phoenix or South Beach or LA.  The horror stories of plunging prices and rivers of foreclosures doesn’t apply to us.  Thankfully.

Very low mortgage rates and the Homebuyer Tax Credit are currently spurring buyer activity.  It’s expected that rates will rise about the time the Tax Credit expires.  Selling a home in July will be less certain that it is today.  If you’re going to move, do it now, while the doing is good.

Real Estate Agents – Read This

The next 120 days will present the best opportunities for success in 2010.  When mortgage rise and the Homebuyer Tax Credit expires, it’s likely qualified buyer activity in general will slow.  Now is the time to touch base with your past clients, prospects and suspects.  What I’m saying is, if ever there was a time to sprint and work smarter and harder than ever, this is it my friends.  You’re selling and buying clients need to know that now is the time to ACT (see above).

If you’re working hard and getting nowhere or your broker is not providing you and your clients with the tools, support or bold broadcasting you need to succeed, give me a call – Ken Brand 832-797-1779.  Maybe we can help each other.

Everyone – Read This

Take a look at these market statistics, they confirm what I’m sharing above.  Our market is healthy and opportunity exists for those willing to grab it.

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