Here’s the Estimated Economic Impact of Houston’s Recent Floods

The economic impact from the recent floods that damaged property and public infrastructure in Houston could range between $200 million and $550 million, according to BBVA Compass economists.  That estimate takes into consideration the damage to housing, structures and cars, as well as lost value-added and tax revenues.  A local contractor stated how rain delays […]

Now is the time to buy a home…..Interest Rates are still historically low

Even though the inventory of used homes is low at this time, The Fellwock Real Estate Group can and WILL find you your dream home. If there is not a slightly used home that you fall in love with, there are many, many new home builders that will build your dream home! Typically the process […]

What Falling Oil Prices Mean for Houston’s Housing Market

Realtors may be worried about how falling oil prices will affect their business, which depends on the strength of the local economy. In the past 6 months, crude oil prices have dropped from more than $100 a barrel to below $70 a barrel.  While consumers are rejoicing at the pump, Houston’s oil and gas industry […]

Is It Cheaper to Rent an Apartment or Buy Home in Houston?

It’s more affordable to buy  home than it is to rent an apartment in most U.S. cities, including Houston, according to Zillow Inc. The national online Real Estate company released it s affordability report, which analyzed median household incomes, home values and rent prices in 35 cities.  Zillow found that in Houston, a household making […]

Texas Properties are Hot Commodities among International Homebuyers

  A new report shows international homebuyers are snatching up Texas Real Estate at a record pace.  According to the 2014 Texas International Homebuyers Report released by the Texas Association of Realtors, international homebuyers contributed over $11 billion to the Texas economy between March 2013 and March 2014. That’s the highest level in five years […]

Questions & Answers: How long will the Real Estate upswing last?

Houston’s housing market never experienced serious declines during the downturn, but the upswing has been fierce.  Single-family home sales have risen for 34 straight months, and prices have been climbing for two years, as a growing economy continues to fuel home buying in many parts of town. Even as a historically low inventory has made […]

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