The Real Estate Coach

01/17/2023

01/14/2023

New home prices in Houston falling as homebuilder inventory rises
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Even though home prices are slightly down from a few months ago, the three-month moving average for new home prices is still 8 percent higher than they were a year ago in Houston. As a result, new homes are sitting on the market slightly longer — about 68 days on average compared to 66 days a year...

01/03/2023

Houston Becoming a Region of Renters
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The area has seen a sharp increase in renters as rising housing costs put homeownership out of reach for more households and investors convert single-family homes to multifamily rentals. Some of the many single-family homes in the region are being converted to multifamily use, putting more rental un...

12/26/2022

How do you choose a color scheme for a living room?

Joseph Petrie is a real estate agent with Joseph and Company. Check out Joseph Petrie's listings or office listings.

12/25/2022

Houston Housing Market 2023
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As they have since mid-2021, median single-family home prices remain above $300,000 in the Houston metropolitan area, according to the Houston Association of Realtors (HAR), and the average price of a single-family home is just over $400,000, as of October 2022. Buyers who take the leap can begin bu...

12/17/2022

Houston-area home sales and prices to grow in 2023, Realtor.com projects
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https://www.roomvu.com/nws/MZghWwtX2WLuaxq

The median price for existing home sales is projected to increase 5.4% and rents will hit new highs with a 6.3% increase, adding to budget pressures for potential first-time homebuyers, the report said. Year over year, home sales are projected to drop 14.1% and inventory of homes for sale, which has...

12/06/2022

Renters now need to work six hours more to pay rent than before the pandemic
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Renters in Miami face the greatest affordability hurdles, needing to work 96 hours at the average wage to pay the typical rent. Phoenix rents are up 66.7% since 2017, the most in the country among large markets, and renters need to work 17 hours more to pay rent. 1 Estimates for hours of work needed...

11/28/2022

Guide to buying homes of the 1980s/70s

Joseph Petrie is a real estate agent with Joseph and Company. Check out Joseph Petrie's listings or office listings.

11/27/2022

it does not matter if you are washed in the blood of JC or comforted by the red shroud of a political party COVID does not care. On day five of a seven-day cruise, I tested positive and was informed I had 45 minutes to pack and leave the ship I would not be allowed to sail. So I traded my ocean-view suite for the view from my hospital Room in a Jamaican.

11/22/2022

Find out if it's time to sell your home
How much is your home worth? Type your property address and get a quick home estimate.

How much is your home worth? Type your property address and get a quick home estimate.

11/19/2022

Houston apartment market continues to cool as occupancy rates fall, rental rates level off
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By Shawn Arrajj | 5:38 PM Nov 2, 2022 CDT Updated 5:38 PM Nov 2, 2022 CDT Domain Heights, a two-building mid-rise, is among the newly opened multifamily projects in the Heights area. (Courtesy Domain Heights) After more than a year of steady increases, apartment rental rates in Houston are starting....

11/08/2022

Residential Rents Are Declining In Many Real Estate Markets
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When markets where multiple REITs are operating — like Tampa, Orlando, Phoenix, Las Vegas and Dallas — at the same time see rents decline by even 1%, it represents a direct threat to projected investor returns. It doesn’t necessarily mean that investors are going to lose money (assuming the ma...