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  News for February 2007


TaxMan
Harris County Tax Man Says Price Disclosure Will Save $10 Million Plus per Year
2/22/2007 1:58:00 PM
By HoustonRealNews Market Analyst

What's $10,000,000 (that's Ten Million Dollars) between local Government and its constituents? Its how much Harris County voters can expect to save in Property Tax Assessment and Appeals costs according to Harris County Tax Assessor-Collector Paul Bettencourt if SB 270 should pass the Texas Legislature...
Read more...

Houston Real Estate Trend Continues Recent Strength in January, Months Inventory Continues to Shrink
2/21/2007 11:42:00 AM
By HoustonRealNews Market Analyst

The Houston Association of Realtors' (HAR) monthly report shows that the Houston market is still very strong. According to HAR, Houston's year-over-year median price grew 2.9% to $142,00 and the average price increased 1.4% to $181,350.

The number of home sales grew at 8.1% over January 2006.

These results appear to back up our Houston Real Estate Market Outlook issued at the beginning of the year...
Read more...

No, Ted Kennedy is not the Subject of our story. But he is Wealthy.
San Antonio Express-News Accuses Wealthy, Realtors of Conspiring Against the Average Guy
2/15/2007 12:00:00 PM
By HoustonRealNews Market Analyst

The San Antonio Express-News last week accused Texas Realtors of conspiring to hide price information from a local Realtor association to help the wealthy avoid paying property taxes.

Their counterparts, clearly the wealthy.

Their victims, the average Texan homeowner...
Read more...

Houston Foreclosures [Settle] For March 2007 - Brought To You By HotHoustonHouses.com - Mortgage (Trustee) Foreclosures
2/14/2007 11:45:00 AM
By HoustonRealNews Market Analyst

For the foreclosure investors out there among us, the relatively high number of foreclosures last month was welcome news.

With more than 2,000 houses to go after in Houston (Harris County) alone, this month's slight dropoff gives more faith to those hoping for continued market froth...
Read more...

Houston Called 'Opportunistic Newcomer' vs. Luxury Product NYC in WSJ
2/13/2007 1:10:00 PM
By HoustonRealNews Market Analyst

Being in the real estate profession, we can sometimes lose sight of the forest through the trees. Or, in Houston's case, our concrete, billboard-laden forest.

Most of us watch our local real estate markets week-to-week, month-to-month, season-to-season...errr...summer-to-non-summer, and maybe year-to-year...
Read more...

Texas Sprouting Realtors
Licensee Numbers Booming: The Danger of a Good Market Looms Over Houston Real Estate Professionals
2/7/2007 9:41:00 PM
By HoustonRealNews Market Analyst

We are going to have a good year because our market is outperforming? Welcome to the counterintuitive world of the real estate professional.

Sales are up, so are the numbers of Sales professionals.
Read more...

Houston Wholesale Indicator Counters Evidence of Houston Real Estate Market Strength
2/3/2007 9:49:00 PM
By HoustonRealNews Market Analyst

Once again, the Houston real estate wholesale numbers point to less than excellent results.

Our market outlook for 2007 predicts strong growth.

If the wholesale market is any indicator, the year has started slowly. Listings are up, sales are down...
Read more...

Houston Foreclosures For February 2007 - Brought To You By HotHoustonHouses.com - Tax (Constable) Foreclosures
2/3/2007 8:58:00 PM
By HoustonRealNews Market Analyst

According to public data providers, Houston Tax Foreclosures (Constable Sales) for the month of February are up over last year's numbers.
Read more...



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