Houston Real Estate

No Bubble Here in Houston Texas

The real estate in Texas and in Houston in particular is moving onward and upward on a steady pace. Other regions in the U.S. are not as fortunate as we are here in the energy capital of America. Granted, Texas has not been the hottest of markets over the years, but we have experienced steady population and job growth in all of the major cities of Texas. This trend should continue for the next few years unless the whole U.S. economy suffers a recession due to Fed's increasing interest rate hikes. Some of the cities experiencing sustained growth are El Paso, San Antonio, Austin, and Houston.

For more information, please visit this website: http://driscollbowman.net. There are links to other information sources within this website. Thanks for visiting, and please make comments.

Thanks,

Chief Texas Real Estate Economist Bullish Houston, Bearish Rentals

The cheif economist at Texas A&M Real Estate Center, Mark Doutzour, made a speech on 1/18/2006 predicting the Houston residential resale/new home market will be robust and values heading north (see article: http://www.houstonrealnews.com/news/contentview.asp?c=173482). This follows previous positive statements by another guru of real estate at the GHBA luncheon. At year start, it appears the inventory of homes is lower than the start of 2005. Typically when the months of inventory is equal to or less than 6.5 months, then it is a seller's market. The Houston Association of Realtors has reported that as of December '05, the months of inventory stood at 5.1 months of inventory. Annualized sales from December '04 to December '05 was up 8.6%.

Park at Kansas
Posted by Hello

Preview of the Park at Prince development

Hey Neighbors: For a preview of what will be built at the Park on Prince development you can go to the hyperlink featured above. In the frame to the left find

Park at Kansas

and click link. Per their sign on the site at Prince, the starting price is $180K. The directions they are giving for finding the site directs the traffic from W 11th north on Prince St. directly by our modest homes. We will probably experience additional traffic folks! We may want to consider the "nuclear option" (Speed Humps). Let me know what you think!

Close up of the sign on Prince at W 13th
Posted by Hello

The Park at Prince St sign 2 5/11/05
Posted by Hello

The Sign is Up at Prince/W13th

The for sale signs are up folks! Apparently freestanding patio homes starting in the $180's to $240's. K Hovanian's website for more information is less than informative about details (http://khovurban.com/). As I probably said before, this will help our section of Timbergrove by bringing in more drive-by buyers into the hood. As I reminisce, many moons ago when I first found this part of Timbergrove, I found it after I had visited the west Heights area. Since I did not like what I saw there originally, I kept driving to see what else was available. I think more traffic to the area will only help our property values in the long run.

The mansion on Worthshire is now sale pending at an asking price of $515K. This will certainly set a high water mark for our humble hood.

Again, thanks for reading and I hope you are fit and happy!

The Park at Prince St

The demolition is complete folks! Check out the pictures by clicking on the hotlink. Any questions, just email me. I have no news on when they are beginning to build as of this writing.

Demolition has started at Houston Gate

After driving by the site of the new Park Side homes on Prince at W13th I noticed that the demolition has started. We'll see how fast they go. Another note: I visited with the Park Side folks at their offices off of E T C Jester just outsid the loop the other day. This is their second project in the innerloop area. They have one going up in Cottage Grove area just south of the bayou off of T C Jester. I have not visited that site as of yet. If anyone has any observations please feel free to leave a comment. Thanks

Driscoll Bowman
http://driscollbowman.net/

Dwayne Bohac and Appraisal Cap Organization

Please visit this site and see what Dwayne Bohac and his organization are doing to help us taxpayers>>>>>>>http://www.appraisalcap.com/info/faq.php . If you agree with their efforts to lower the cap to 5% then you need to sign their petition. I have.

I sure wish other residents would add to this blog!!!!!