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Archive for March, 2017|Monthly archive page

Spring Outlook: How Inflation Could Impact Housing

In Buying a Home, Home Values, Houston Energy Corridor, Houston Parks, Houston Real Estate Agent, Real Estate Investment, Selling your home on March 31, 2017 at 9:05 pm

Indicators from all sides affect the housing market. Increasing inflation, in fact, can drive up mortgage rates—but at what pace will it prove harmful? A recent Outlook from Freddie Mac projects three outcomes for inflation—higher, lower, or stable—and each outcome’s effect on housing.

A case of higher inflation would be detrimental to the housing market, according to the Outlook, with both home sales and mortgage originations negatively impacted due to a swift rise in interest rates.

A case of lower inflation, however, would be beneficial, especially for homebuyers on the sidelines due to too-high home prices.

A case of stable inflation—on par with economists’ expectations—would hinder home sales initially, but ultimately prove favorable.

“Which course inflation takes over the next year will have important implications for housing and mortgage markets,” says Sean Becketti, chief economist at Freddie Mac. “On balance, the risks to higher inflation outweigh lower inflation, but in our estimation, most of the reflationary factors have already been baked into current interest rates, and inflation is likely to increase only modestly over the next two years. With the housing market on the verge of the spring home-buying season, this is good news in an environment where historically low mortgage rates will help offset the pace of house price growth and lack of for-sale inventory in many markets.”

Source: Freddie Mac

Reprinted with permission from RISMedia. ©2017. All rights reserved.

If you are interested in buying or selling real estate in the Energy Corridor, please contact Connie Vallone with First Market Realty at 713 249 4177  or visit www.houstonenergycorridorhomes.com  or www.vallonehomes.com .

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WOW! GREAT PRICE! Custom Home on Half-Acre Lot – 1315 Briar Bayou Drive, Houston, TX 77077 – MLS# 41812559

In Buying a Home, Home Values, Houston Energy Corridor, Houston Real Estate Agent, Real Estate Investment, Selling your home, Terry Hershey Park on March 15, 2017 at 6:30 pm

WOW! GREAT PRICE! Custom Home on Half-Acre Lot – 1315 Briar Bayou Drive, Houston, TX 77077 – MLS# 41812559

Rare find this beautiful custom home sits on a half-acre lot in the heart of the Energy Corridor. Huge living area opens to chef’s kitchen with spacious master retreat downstairs all with French doors that lead to massive private backyard with pool. Executive study plus 5 bedrooms and 4/1 bathrooms. Don’t miss the private study/loft area with private entrance from the pool. Estate living in the city on quiet peaceful street minutes from excellent schools and Energy Corridor amenities and employers. See photos and brochure for more details.

HAR Link: http://www.har.com/1315-briar-bayou-drive/sale_41812559

If you are interested in buying or selling real estate in West Houston or the Energy Corridor, please contact Connie Vallone with First Market Realty at 713 249 4177  or visit www.houstonenergycorridorhomes.com  or www.vallonehomes.com .

Beautiful Updated Home – 1514 Ashford Hollow Lane, Houston, TX 77077 – MLS# 33756304

In Buying a Home, Home Upgrades, Home Values, Houston Energy Corridor, Houston Real Estate Agent, Real Estate Investment, Selling your home, Terry Hershey Park on March 10, 2017 at 6:14 pm

Beautiful Updated Home – 1514 Ashford Hollow Lane, Houston, TX 77077 – MLS# 33756304

Beautifully updated home on quiet cul-de-sac in the heart of energy corridor walking distance to Terry Hershey Park. Study and dining areas lead to family room and kitchen with hand scraped wood and travertine floors. Chefs’ kitchen with granite countertops, gas cooktop and new Stainless Steel appliances. Smart home locks, lights and thermostat, double paned windows. Spacious family room with wet or wine bar and views to your own private oasis backyard with mature shady trees and sparkling pool. Too many updates to list please see attached list.

HAR Link: http://www.har.com/1514-ashford-hollow-lane/sale_33756304

If you are interested in buying or selling real estate in the Energy Corridor, please contact Connie Vallone with First Market Realty at 713 249 4177  or visit www.houstonenergycorridorhomes.com  or www.vallonehomes.com .

 

Beautifully Remodeled One Story – 1007 Forest Home Drive, Houston, TX 77077 – MLS# 25498408

In Buying a Home, Home Values, Houston Energy Corridor, Houston Real Estate Agent, Real Estate Investment, Selling your home, Terry Hershey Park on March 8, 2017 at 4:47 pm

Beautifully Remodeled One Story – 1007 Forest Home Drive, Houston, TX 77077 – MLS# 25498408

Beautifully remodeled one story in desirable Energy Corridor neighborhood. Huge family and dining area lead to private covered patio. Stunning Chefs kitchen with new stainless steel appliances and marble tops. All bathrooms remodeled. Plus Bonus room! New exterior/interior paint hardiboard, Low-E windows, new tile, carpet and custom cabinets throughout. Steps from pool/playground/tennis courts and Terry Hershey park trails. Excellent schools Barbara Bush, John Paul and Village are all near. Please see full list of upgrades online.

HAR Link: http://www.har.com/1007-forest-home-drive/sale_25498408

If you are interested in buying or selling real estate in West Houston, please contact Connie Vallone with First Market Realty at 713 249 4177  or visit www.houstonenergycorridorhomes.com  or www.vallonehomes.com .

Mortgage Rates Mirror Fed Decision

In Buying a Home, Home Values, Houston Energy Corridor, Houston Real Estate Agent, Real Estate Investment, Selling your home on March 3, 2017 at 8:44 pm

Mortgage rates on average remained unchanged this week, according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS®), mirroring the Federal Reserve’s decision on Wednesday to keep the key interest rate unchanged.

“The 10-year Treasury yield fell five basis points this week following a tepid advance estimate of fourth quarter GDP and the Fed’s decision to leave rates unchanged,” says Sean Becketti, Freddie Mac’s chief economist.

The 30-year fixed-rate mortgage, according to Freddie Mac’s survey, averages 4.19 percent with an average 0.5 point; the 15-year fixed-rate mortgage averages 3.41 percent with an average 0.5 point; the 5-year Treasury-indexed hybrid adjustable-rate mortgage averages 3.23 percent with an average 0.4 point.

“The 30-year mortgage rate remained flat at 4.19 percent, starting the month 47 basis points higher than this time last year,” Becketti says. “Despite the uncertainty in the market, the Pending Home Sales Index increased 1.6 percent in December, up from a decline of 2.5 percent the month prior.”

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Reprinted with permission from RISMedia. ©2017. All rights reserved.

If you are looking for Classic Real Estate Services from concept to closing in the Houston Energy Corridor, please contact Connie Vallone by phone (713) 249-4177, email connie@knowsrealestate.com or visit my website at www.houstonenergycorridorhomes.com or www.vallonehomes.com .