The hot Houston real estate market is not likely cooling any time soon!
The Houston real estate market has been smoking hot for months. Experts said they expect the torrid pace will continue and several of those experts are guests on this week's Houston Newsmakers with Khambrel Marshall.
Joining Khambrel this week was Danny Frank, the president of the Houston Association of Realtors, who said he expects the latest data will show that homes sales will show an increase of “upwards of 20 percent higher than it was [at] this time last year.”
John Guess is the president of the Guess Group Incorporated, a real estate services company that specializes in commercial real estate. He said he “started seeing a change in the commercial market in the last quarter of 2011,” which led to 2012 being one his biggest years ever and 2013 is starting out the same way.
Will Holder, the president of Trendmaker Homes and the Immediate Past President of the Greater Houston Builders Association, said from what he's seeing, there's no slow down in sight.
”We've got a bunch of pent up demand that has not been satisfied in the last two or three years so frankly I don't think it can stop,” he said.
Even with the hot market expected to continue, there are ways you can navigate to a position where you can buy the home of your dreams, according to Steve Kyles, the Senior Loan Officer for Legacy Mutual Mortgage. He said one key is to make sure your realtor and lender are working together and then has three nuggets of advice.
“One, be prepared to offer list price or above. Two, don't ask for seller contributions and three, be able to close in 25 days of less,” said Kyles.
Great advice and background for anyone who is considering buying or selling a home in the Houston metropolitan area. Watch Houston Newsmakers with Khambrel Marshall at 10 a.m. Sunday, right after Meet the Press with David Gregory.
- Danny Frank, President Houston Association of Realtors, 713-629-1900, www.har.com
- John Guess, President, Guess Group Inc, 713-660-7003 www.guessgroup.net
- Will Holder, President, Trendmaker Homes/Past President, Greater Houston Builders Assoc. 281-675-3200 -Trendmakers/ 281-970-8970 GHBA , www.trendmakers.com www.ghba.org
- Steve Kyles, Senior Loan Officer, Legacy Mutual , 713-844-8060, www.legacymutual.com