Wednesday, August 19, 2009

Prices Nearing Bottom?

Are New Home Prices, Starts and Sales Rates Nearing Bottom?
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RISMEDIA, August 19, 2009-According to John Burns Real Estate Consulting’s August 2009 survey of new home builders, housing market stability is just around the corner.
“While conditions vary by region and location, we are almost at a point where the majority of our respondents indicate that the housing market has stabilized,” said Jody Kahn, vice president of Irvine, Calif.-based John Burns Real Estate Consulting.

This month’s sample consists of 292 home building industry executives from public and private companies. In total, their insight is reflective of on-the-ground conditions in 89 MSAs and 1,857 communities.

-Price stability emerged in most areas of TX, CA and the Northeast, with FL and the Midwest close behind. The Northwest, Southeast, Southwest and outlying areas in all submarkets continue to struggle.
-Sales per community have not changed much for several months.
-Starts are increasing in 7 of the 10 regions.

The survey also shows that Federal intervention is having a positive impact on the housing market. “The phrase ‘tax credit’ dominates in the verbatim comments we got from builders,” said CEO John Burns. “We continue to expect improving conditions for the next several months as the November 30 tax credit deadline approaches.”

Survey Highlights:

New home pricing net of incentives is almost flat nationally. California, Texas and the Northeast (including Washington D.C.) report flat prices, with as many locations now raising prices or eliminating incentives as are continuing to drop prices. The number of builders dropping prices only slightly outweighs those raising prices in the Midwest and Florida. The Northwest, Southeast (Carolinas and Georgia) and Southwest are the notable exceptions, where prices continue to fall. In almost all markets, the lower price points are faring better than the higher price points due to FHA financing and the Federal tax credit.

Ratings of current sales and expected sales rose slightly, while the traffic rating was flat from July 2009. While sales remain very low, builders reported that sales have improved month-over-month 6 of the last 7 months. The Southern California and Northeast regions posted notable gains in ratings of current sales and traffic, while Northern California’s ratings declined. Notably, numerous California builders reported a distinct falloff in sales following the end of the State tax credit in early July.

Starts increased in 7 of the 10 regions of the country. The largest increases month-over month are in the Northeast (+41%) and Southern Florida (+31%), and the largest decreases are in the Northwest (-22%) and Northern California (-21%). One reason for increased starts is the lack of inventory. Unsold finished inventory has now declined to 3.2 homes per community.

Direct home and site construction costs are down 11-15% from peak. The results vary widely by builder, with 14% reporting cost reductions in excess of 25% and 5% reporting no cost reductions at all.



Read more: http://rismedia.com/2009-08-18/are-new-home-prices-starts-and-sales-rates-nearing-bottom/#ixzz0OeEQDLBj

Monday, July 13, 2009

Strength seen in Lake Conroe Homes and Properties

Lake Conroe properties are showing resiliency in an otherwise difficult market. Walden home listings are showing strength; Bentwater Home Values are holding strong; Point Aquarius Homes Sales are indicating a good third quarter.

Judy Reynolds (www.JudyReynolds.net) can answer your questions about Conroe, Lake Conroe, Montgomery homes, properties, and real estate in general. When you are ready to step into the market, contact Judy.

Home listings are also available through the new web sites www.ConroeHomeListings.com and www.WaldenHomeListings.com.

Sunday, July 12, 2009

Web sites coming online

We have two new websites!
www.ConroeHomeListings.com and
www.WaldenHomeListings.com!

These represent a focused effort by Intent Driven Designs (www.IntentDriven.Com) to provide focused and concerted tools to anyone in the Conroe / Lake Controe / Woodlands area. www.JudyReynolds.net offers Home Values estimates, access to the MLS Home Listings, and can guide you through Home Sales.

Contact me at www.JudyReynolds.net!

Saturday, July 11, 2009

Texas Home Group

I have completed my move to Texas Home Group, Realtors. See my revised website at
www.JudyReynolds.net
At Texas Home Group, Home is our middle name and I am here to serve You with all your Real Estate needs in Conroe, Lake Conroe, Montgomery or Willis areas!

Monday, June 1, 2009

Thoughts for the Day

Quoting Mark Reynolds.
Just in case you have not been paying attention.

Airplanes:
there were air-accidents nearly everyday for a week. most people only heard about the Air France flight or maybe the two planes that collided in mid-air in California.

Earthquakes:
There have been reports of earthquakes every couple of days for two weeks.

Hurricanes:
Tropical depression #1 has already formed – not in Africa, but off the nation’s southeast coast.

Terrorists and Rogue Nations
Israel has performed the largest military preparedness practice drill in its history of the recent weekend.
North Korea has or will invalidate the decades old armistice and has been shooting missiles and exploding nukes.
China is gathering steam to reclaim Taiwan (which it never accepted as a separate sovereign nation)
Iran is about to test its nukes.
Pakistan is in the midst of a civil war (or near so)

Change you can believe in????

Saturday, May 30, 2009

Under the Porch

If you are having trouble with wasp nests you might want to pay attention to something I learned this week. While viewing a home on the Conroe Keller Williams Property Tour Tuesday, I noticed that the porch ceiling was painted a sky blue color. The Realtor on duty told me that if you paint the porch ceiling a sky blue color that wasps see it as sky and will not build the nest. I actually have two active wasp nests on my own back porch. Believe me, as soon as we pressure wash my own home's covered porch I will make a trip to Lowes to purchase exterior sky blue paint and give it a try!

Thursday, May 28, 2009

Wednesday, May 27, 2009

Featured Listing

I posted a Virtual Tour today. But what makes me proud is that I utilized all free tools! Check it out at:
www.JudyReynolds.net/virtualtours/WhiteOakRanch.wmv

This is a beautiful 4 bedroom home in a gated Lake Conroe Community. Be sure to contact me for further information! Judy Reynolds, 936-203-7761 or Keller Williams Conroe/Lake Conroe/Huntsville, 936-525-3200.

Sunday, May 3, 2009

MAY 2009 Newsletter Housing Trends eNewsletter




Welcome to the most current Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general.
The Housing Trends eNewsletter contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau and Realtor.org reports, videos, key market indicators and real estate sales statistics, a video message by a nationally recognized economist, maps, mortgage rates and calculators, consumer articles, plus local neighborhood information and more.

Please click here to view the >MAY 2009 Newsletter Housing Trends eNewsletter.



If you are interested in determining the value of your home, click the Home Evaluator link for a free evaluation report.

Thursday, March 12, 2009

My New Phone

I traded phones a week ago. Now I am learning to use my BlackBerry Storm. I love the full keyboard. But finding it difficult to get the touch screen to respond to clicks.

Monday, March 2, 2009

Services A Realtor Provides

Homeowners wonder sometimes if they should sell their own homes and save the fees that are paid to a Realtor. People with sales backgrounds are particularly tempted to go it on their own. Today, we face a complicated endeavor in homes sales. Here are some of the services that a Realtor provides:
Pricing Knowledge
It is not easy to determine the proper asking price. Realtors have computer programs that notify them of new listings, recent sales, and price changes as they occur. This vital information reflects the current market in your area as it really is. After making many comparisons between your home and like properties, your Realtor can recommend an asking price that is competitive with similar homes on the market. After the house is listed, periodic checks can be made to assure you that your price does keep pace with ever-changing market conditions.
Marketing Experience
Because the sale of your home profoundly affects your financial well-being, it is no undertaking for an amateur. It is best to get the help and advice of someone who is working in the real estate business everyday. Realtors also possess selling tools not available to the average homeowner. These include membership in a multiple listing service, large advertising budgets, access to the transferee through referral organizations and corporate relocation departments and home financing expertise used to qualify buyers.
Negotiating and Closing Assistance
Handling an offer and counter-offer requires the right touch. This is only learned through experience. Once the offer is signed and accepted, the job is still not complete. Now, the sale must be guided through numerous closing procedures that involve financing, inspections, conditions, legalities, and a myriad of details.

Advice: Get the best price for your home by using the services of a Realtor.

Call me today to Make Your Real Estate Dreams Happen! 936-890-0098

Sunday, March 1, 2009

J. O. Y.

Quoting Alan Anglin from today's sermon at Conroe Christian Center

J ... Jesus first
O...Other's before yourself
Y... Placing yourself last

Get it?

Thursday, February 26, 2009

Learning technology today's Realtors need.

It’s been a day of learning and using trial and error. However, I didn't quite succeed at Microsoft Publisher posting directly to the blog. I will have to get assistance tomorrow.
I attended a class at Keller Williams Realty in Conroe, Texas today. Class was taught by Nela Gilbert, an independent Associate for Pre-Paid Legal Services, Inc. Nela focused on Identity Theft and how to protect ourselves.
This evening included a trip to Fry’s in Houston. Shucks no flip video cameras there.
Our family wrapped the evening up at Papasitos. Great food, but after a long day the atmosphere was really loud and obnoxious.