MLS Report, October 2008 — Houston Association of Realtors
New President, new congress, new laws, Gas prices roller coaster, IKE disasters YET Houston/Galveston remain economically stable through it all. Buyers are taking advantage of ‘their’ current market, both commercial AND residential properties. HAR Chairman Michael Levitin discusses local statistics and reporting news from the National Assn Realtors convention in Florida (see the video below). Houston/Galveston area remains relatively stable, especially compared to the rest of the nation.
Among other tidbits in this update report, rental volume is up 30% in the Houston metro area…this due mainly to the aftermath of Hurricane Ike.
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Comments
You have a wonderful website, I just wanted to send you a thumbs up.
My question is to any person involved in buying and selling of real estate that this is the best deal time that investors have seen for years and all of the gloom and doom should be looked at as a market trend that is here and needs to be dealt with as such- LIFE GOES ON. Marketing ideas that worked in 1988 will not necessarly work in 2008. Think about it I am 53 years old and the way I market for sales today was not even invented in 1988!
Thanks Steve. The ‘doom and gloom’ has been a regular ‘cycle’ in the Real Estate Industry - it’s time to focus on the GREAT Houston/Galveston properties. You are right in that today’s marketing was not imagined in the 80’s. Houston/Galveston currently remains a stable Texas Investment. I was in the industry in the 70’s and 80’s so I, too, have seen the cycles. I do appreciate you stopping by my site. Texas Investment properties will have you busy again by Spring! Happy Holidays!!
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