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Posts Tagged ‘United States’

NEW LISTING! 2110 Hickory Lawn Drive, Houston, TX 77077 – MLS# 15701949

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 September 12, 2017 at 7:22 pm

NEW LISTING! 2110 Hickory Lawn Drive, Houston, TX 77077 – MLS# 15701949

Updated home stayed totally dry in Harvey! Open flowing floor plan with beautiful wood laminate and tile throughout first floor has soaring ceilings, French doors and tons of double pane windows make this home light and bright! Chef’s kitchen with gas stove and granite counter tops open to family room that leads to shady covered patio perfect for entertaining or family fun. Master retreat downstairs with French doors to backyard retreat. Three spacious rooms upstairs with one over sized room great for game, media or study.

HAR Link: http://www.har.com/2110-hickory-lawn-dr/sale_15701949

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 .

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New-Home Sales Improve Slightly in June

In Buying a Home, Home Values, Houston Energy Corridor, Houston Real Estate Agent, Investment Real Estate, new homes houston energy corridor, Real Estate Investment on August 8, 2017 at 5:46 pm

New-home sales improved in June, with sales of new, single-family homes eking up 0.8 percent to 610,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). The average new-home sales price was $379,500, while the median was $310,800. New-home listing inventory was 272,000—5.4 months supply.

“Although we saw modest gains this month, new-home sales have risen nearly 11 percent since the start of 2017,” said Granger MacDonald, chairman of the National Association of Home Builders (NAHB), in an NAHB Now update. “Our members remain optimistic as the single-family housing market continues to recover.”

“We saw new-home sales edge up a slight 0.8 percent in June solely because last month’s figure was revised downward, but this still reflects a recent increase in new construction resulting in new-home sales up 9.1 percent over the past year,” says Joseph Kirchner, senior economist for realtor.com®. “While that’s not enough to ease the shortage, there is some good news when it comes to new-home prices. Median sales prices dropped to $310,800 from $324,300 in May, though that’s still 3.4 percent above the same time last year. Builders have been focusing on more expensive homes, but the increase in low- to moderately-priced new-homes on the market will help millennials, first-time and moderate- to low-income homebuyers.”

“Both of June’s numbers aren’t statistically significant, so we should take them with a grain of salt,” wrote Ralph McLaughlin, chief economist at Trulia, in a Trulia Trends blog. “A less volatile number to look at is the 12-month rolling total, which is up 14.1 percent year-over-year. This represents the most since June 2008—a nine-year high.”

Source: U.S. Census Bureau

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 .

For the Real Estate Market, the Outlook is Good

In Buying a Home, Home Values, Houston Energy Corridor, Houston Real Estate Agent, Real Estate Investment, Selling your home on July 26, 2017 at 6:07 pm

Despite the rise in home prices and affordability issues in several pockets of the country, the U.S. housing market has a bright future. According to Nationwide’s latest forward-looking barometer of U.S. housing market health, the primary reason for the positive outlook is simple: housing demand. Household formation growth picked up sharply over the last quarter to move above the long-term average, and job gains remain solid.

According to Nationwide’s Health of Housing Markets Report (HoHM Report), household growth is expected to remain above average during the next few years, increasing demand on an already limited supply of homes. In fact, while the National Association of REALTORS® recently reported that national home inventory is at about four months at the current sales pace, several markets are experiencing just a month’s supply of inventory turnover in half – and even a quarter – of that amount of time.

The report also found that, regionally, the rankings show positive and healthy housing trends in more than 75 percent of MSAs, suggesting sustainable expansion during the next year.

While markets with strong ties to the energy sector (including North Dakota, Texas, Louisiana, and Alaska) continue to dominate the bottom 10 rated MSAs, the outlook for housing in these areas is slowly improving as energy production and employment recover.

MSAs with the lowest housing inventory are, in order: Seattle-Bellevue-Everett, Wash.; Denver-Aurora-Lakewood, Colo.; Tacoma-Lakewood, Wash.; Boulder, Colo.; Fort Collins, Colo.; Portland-Vancouver-Hillsboro, Ore.-Wash.; Mankato-North Mankato, Minn.; Olympia-Tumwater, Wash.; San Francisco-Redwood City, Calif.; Sacramento-Roseville, Calif.; Fort Worth-Arlington, Texas; Dallas-Plano-Irving, Texas; San Diego-Carlsbad, Calif.; Columbus, Ohio; and Oakland-Hayward-Berkeley, Calif.

The 10 top metro areas in the index are, in order: Lancaster, Pa.; Scranton-Wilkes-Barre, Pa.; Fort Smith, Ark.-Okla.; Lawton, Okla.; Durham-Chapel Hill, N.C.; Pittsfield, Mass.; Toledo, Ohio; Springfield, Mass.; Philadelphia; and Vineland-Bridgeton, N.J.

Source: Nationwide

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

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

Home Prices Climb in Unseasonable Winter

In Buying a Home, Home Values, Houston Energy Corridor, Houston Real Estate Agent, Real Estate Investment, Selling your home on February 16, 2017 at 4:20 pm

It has been an unseasonably hot winter in housing as home prices hike higher, according to Clear Capital’s recently released Home Data Index (HDI) report, showing national quarterly home price growth at 0.9 percent.

Regional quarterly price growth, per the report, was mixed: 0.7 percent in the Northeast, an increase; 0.8 percent in the Midwest, a decrease; and 1.0 percent in the South and West, unchanged. Home prices in 16 of the top 50 largest metropolitan areas—which contain one-third of the nation’s housing stock—have moved past bubble-era peaks. The result, according to Clear Capital Vice President of Research and Analytics Alex Villacorta, is a majority-shift toward positive equity.

“Following several rounds of healthy, peak-season summer growth, winter gains thus far this season have remained relatively healthy across much of the country,” says Villacorta. “As prices have continued to climb in the long term during the post-housing crash, the large portion of the housing market that has been frozen in negative equity has shrunk significantly—meaning that an increasingly large portion of previously underwater homeowners may now have the option of entering the market.”

The market in Portland, Ore., which saw the highest home price growth in the nation in 2016, continues to rank at the top of metropolitan areas measured in the report, growing 2 percent quarter-over-quarter. Another booming market, however—San Jose, Calif.—saw negative quarterly price growth, down 0.3 percent. Hartford, Conn., saw identical negative growth.

Forty percent of homeowners who bought a house during the bubble will regain equity by the end of this year, according to the report, provided prices mirror 2016 movement.

“While the expected spring housing boost is still months away, an influx of fresh new demand on the market could further boost growth potential later this year—as long as there are no other shocks to the market,” Villacorta says.

Source: Clear Capital

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Do you have real estate questions?   Contact Connie Vallone at (713) 249-4177 or connie@knowsrealestate.com or visit www.houstonenergycorridorhomes.com  or www.vallonehomes.com.

So Long, Sellers: A Buyer’s Market’s on the Way

In Buying a Home, Home Values, Houston Energy Corridor, Houston Real Estate Agent, Real Estate Investment, Selling your home on December 13, 2016 at 5:44 pm

The current seller’s market in real estate is expected to shift to a buyer’s market within three years, according to the October Zillow® Real Estate Market Reports. The shift will be fueled by slowing appreciation; according to the Zillow Home Value Index (ZHVI), home values have risen 6.2 percent in the last year to a median $191,200, a rate that will fall by approximately half by October 2017.

 “The housing market has been favoring sellers for the past few years,” says Zillow Chief Economist Svenja Gudell. “Sellers in the current housing landscape often have the luxury of listing their home ‘as-is’ without fixing it up or with only minimal window-dressing, since demand for homes has been high and inventory low. It’s common for sellers to receive multiple bids, and, in the hottest markets, sell for over asking price, but these conditions will change in the future. As the number of homes for sale increases and home value appreciation slows, we expect the market to meaningfully swing in favor of buyers within the next two to three years.”

 Experts surveyed in the latest Zillow Home Price Expectations Survey also expect the shift, either by 2018 or 2019.

 For more information, please visit www.zillow.com. RISMedia Tracking Snippet *** Do Not Remove *** End RISMedia Tracking Snippet

Reprinted with permission from RISMedia. ©2016. All rights reserved.

Do you have real estate questions?   Contact Connie Vallone at (713) 249-4177 or connie@knowsrealestate.com or visit www.houstonenergycorridorhomes.com  or  www.vallonehomes.com.

5 Things to Look for in a Neighborhood, No Matter Where You Move

In Buying a Home, Home Values, Houston Energy Corridor, Houston Parks, Houston Real Estate Agent, Local Business, Local Events, Real Estate Investment, Restaurants & Shops, Restaurants & Shops, Schools, Selling your home on November 29, 2016 at 7:28 pm

Since relocating is such a major undertaking, it’s vital to thoroughly research your options. This is especially essential regarding an overseas move. Here are five things to assess in a prospective neighborhood to ensure you’ll feel at home, no matter whether your new home is here or abroad.

1. Transportation

One consideration is how you’ll navigate your new surroundings. Find out whether you’ll have access to public transportation or need a car. If you can use public transit, what are the service hours and stops? If you require airport proximity, determine how you’ll get there. Do you currently have a job lined up? If so, calculate the distance of the commute from the neighborhood in question. Will the trip be a cakewalk, or grueling? According to World Knowing, the top-ranked countries with the best transportation systems in the world are Hong Kong, Singapore, the UAE, the Netherlands, Switzerland, Japan, Germany, France, Spain, and the UK.

Even if a REALTOR® lists the distance from a house to a public station, the calculation doesn’t always include door-to-door travel time. You may be able to use Google Maps to determine this. If not, the website of a city’s public transit system may provide a clue.

2. Businesses

Before visiting a neighborhood, think about businesses you’ll be frequenting, such as a bank, grocery store, pharmacy and retail shops. Make sure they’re a feasible distance from your prospective home. Also, ensure their customer service is reputable and prices are reasonable. For example, if there’s a grocer nearby, does it stock staples, or only expensive gourmet goods? Where can you find fresh produce?

You may be able to minimize leg work by reading online business reviews. Yelp is expanding internationally, with websites emerging in Europe and Asia. Reviews are also conveniently available via iPhone and Android apps. Local Yelp announces business openings and events in major cities.

3. Schools

If you have children, REALTORS® will tell you that another must-have is access to quality education. Many overseas schools provide bus services, but trip length must be tolerable for kids. In towns where public schools are sub-par, you may want to enroll your children in private school. If so, consider the extra expense of entrance fees, tuition, uniforms and transportation.

Did you know there’s a correlation between the presence of schools and crime? A 2011 study by the University of New Mexico found that elementary schools have a protective effect against property crimes. Middle schools, however, promote drug felonies, and high schools foster both property and narcotics crime. So, regarding school proximity, aim to be close enough for a short trip, though not a hop, skip and jump away.

Concerning school reputation, attend a PTA meeting at a given school. By speaking with other parents, you’ll get firsthand information on the school’s quality. A good school district increases a home’s value, should you wish to sell in the future.

4. Amenities

Is culture important to you? If you’re an avid fan of art, theater and music, this is a consideration. Do you like to frequent restaurants, pubs, or dance clubs? If these are high on your wish list, how close are they to the home you’re debating? If you must travel to a distant town, factor in transit costs.

Also, research proximity to free entertainment, such as parks, museums and libraries. If you’re a sports enthusiast, assess the distance to athletic arenas.

There’s one caveat regarding crime: Steer clear of a neighborhood where bars are prevalent. The study mentioned above concerning schools and crime found that ready access to alcohol promotes violence and vandalism.

5. Economy

Neighborhood decline has telltale signs. Drive through the streets of a potential town, and look for financial clues. Examples of red flags are unkempt parks, littered streets and a prevalence of “For Sale” signs. Are people moving out of the area? Are businesses closing up shop?

Query librarians about the town and whether it’s fiscally sound. Ask if the library has cut down its hours, another clue to a suffering economy. Look for indications that people care about their property and each other. Do houses and landscapes look maintained? Are neighbors interacting? If any seem friendly, ask about their experience of living there.

A Smart Move

Now you’ll be a savvy traveler while exploring a new town. To ensure a successful move, evaluate the local:

  • Transportation
  • Businesses
  • Schools
  • Healthcare system
  • Amenities
  • Economy

Like a good journalist, get detailed information from reliable sources. Invite conversation, and record your observations. Then, make your smart move. You’ll be able to settle down for as long as needed in a wonderful neighborhood, whether that be in the United States or abroad.

This post was originally published on RISMedia’s blog, Housecall. Check the blog daily for top real estate tips and trends. RISMedia Tracking Snippet *** Do Not Remove *** End RISMedia Tracking Snippet

Reprinted with permission from RISMedia. ©2016. All rights reserved.

Do you have real estate questions?   Contact Connie Vallone at (713) 249-4177 or connie@knowsrealestate.com or visit www.houstonenergycorridorhomes.com  or  www.vallonehomes.com.

NEW LISTING! 14115 Briarhills Parkway, Houston, TX 77077 – MLS# 64153494

In Buying a Home, Employers in West Houston, Houston Energy Corridor, Houston Real Estate Agent, Parks & Recreation, Terry Hershey Park, West Houston on June 27, 2013 at 9:10 pm

NEW LISTING! 14115 Briarhills Parkway, Houston, TX 77077 – MLS# 64153494

briarhills-parkway-14115-001-SmallBeautiful updated home in Energy Corridor – too many updates to list see upgrade sheet. Hardwoods, tile, granite tops, new fixtures, new hardiplank, gutters, driveway, recent zoned Air Conditioner and heater, double pane french doors in dining area and master retreat lead to nice shady covered patio. Huge master retreat with Brazilian wood floors.  Master bathroom totally remodeled with huge shower and jetted tub. Gameroom upstairs looks over to large family room with wet bar that leads to dining area and kitchen. Nice and bright with tons of windows and skylights.

HAR Link:  http://search.har.com/engine/14115-Briarhills-Parkway-Houston-TX-77077_HAR64153494.htm

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

 

NEW LEASE LISTING! 13906 Roxton Drive, Houston, TX 77077 – MLS# 93379504

In Uncategorized on June 24, 2013 at 9:10 pm

NEW LEASE LISTING! 13906 Roxton Drive, Houston, TX 77077 – MLS# 93379504

13906 Roxton DriveBeautiful home located in the heart of the Energy Corridor in gated section of Parkway Villages/Charlton Park. Hardwood floors, plantation shutters, crown molding, beautiful landscaping, leaded front door. Open flowing floor plan with island kitchen, huge master retreat downstairs plus three more bedrooms, gameroom and extra room upstairs. Walking distance to Terry Hershey Park, highly rated public and private schools. Washer, dryer, refrigerator and some furniture included.

HAR Link: http://search.har.com/engine/13906-Roxton-Drive-Houston-TX-77077_HAR93379504.htm

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 .

NEW LISTING! 14131 Stokesmount Drive, Houston, TX 77077 – MLS# 21424934

In Houston Energy Corridor, Houston Real Estate Agent, Parks & Recreation, Terry Hershey Park, West Houston on March 20, 2013 at 4:18 pm

NEW LISTING! 14131 Stokesmount Drive, Houston, TX 77077 – MLS# 21424934

14131 Stokesmount Drive

Beautifully updated one story home in desirable Briar Hills. High end Brazilian Teak hardwoods in living and dining areas that lead to the updated kitchen with mosaic travertine tile flooring, backsplash and granite counter tops. Living area with wet/wine bar leads to a nice big yard with covered decking. Huge master bedroom and tons of closet space. Gorgeous Low E Double Paned windows and doors throughout. Expensive tile roofing. New Pex plumbing. Curb appeal galore with a nice new driveway.

HAR Link: http://search.har.com/engine/14131-Stokesmount-Drive-Houston-TX-77077_HAR21424934.htm

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 .

 

Who is Terry Hershey ?

In Houston Energy Corridor, Houston Parks, Houston Real Estate Agent, Parks & Recreation, Terry Hershey Park, West Houston on March 22, 2012 at 3:56 pm
Terry Hershey

Terry Hershey

Many of us the live near Terry Hershey Park in Houston’s Energy Corridor enjoy the beautiful trails along buffalo bayou almost every day.  The further along the trials you travel and deeper you get it becomes so peaceful you can forget you are in the middle of the fourth largest city  in the United States. 

I see the billboard at the Memorial Drive entrance to the park with Terry Hershey’s photo and a little write-up about her almost everyday.   I wanted to find out more about the parks name sake and I found a very good article about her at the Memorial Park Conservancy website.  

Here is a brief quote from the article.

Her first advocacy venture into the parks and recreation field occurred in the 1960s when she learned that Buffalo Bayou, the main river in central Houston on which her home is located, was being straightened and stripped of vegetation. The next morning she gathered some neighbors and went to visit the site. They saw nine acres had been flattened with all the existing tree cover removed and rubber tires were being burned on the site. At that point, there was a natural meander in the Bayou. It had been removed and the channel had been straightened as a “flood control prevention” measure. It made no sense to Hershey to straighten a river and concrete it. This only resulted in flood transference, not flood alleviation. It seemed obvious to her that this merely created flooding downstream and that a coincident consequence was destruction of the ecosystem.

Today again we are fighting the City of Houston and Harris County to stop the destruction of this beautiful park and forest that so many of us enjoy.   If you don’t know about the city’s plans to destroy this park please visit the BriarForest Super Neighborhood website and find out more.  

As a Houston Real Estate Agent serving West Houston and a long time resident along the Buffalo Bayou and Terry Hershey park I understand the value this park brings to our area.   

Connie Vallone,  Real Estate Agent First Market Realty  713 249 4177   http://www.houstonenergycorridorhomes.com