The Degnan Team announced Top Producers In May 2008
May 31, 2008 – The Woodlands, TX – Ken Brand, Office Manager of Prudential Gary Greene announced The Degnan Team “Top Producers” as #1 in the whole company in real estate sales city wide in May 2008!
“It was a busy month in May for The Degnan Team and we are proud to be recognized by Prudential Gary Greene and share this information with community. The Woodlands had record breaking sales in May and we are predicting similar reports for June,” said CJ Sanderson who strongly believes in the team’s motto “"Because Details Make the Difference.”
The Degnan Team specializes in Real Estate in the The Woodlands and greater Houston area. Since 1997, The Degnan Team has been helping people with their real estate needs and there is a deep satisfaction that they get from helping clients realize their dreams and get through the major transition that accompanies buying and selling a home. The Degnan Team has a full staff of real estate professionals to ensure that each and every real estate transaction is done correctly and ON TIME while keeping our clients fully informed.
“The Degnan Team has the passion, attention to detail, sincerity and experience which I believe is their gold key to success,” said Ken Brand.
The Degnan Team are skilled real estate professionals who have earned Prudential’s Chairman Circle Gold Award, ranking in the top 3% of Prudential Realtors nationwide. The Degnan Team utilizes the latest technologies in real estate which enables them to work more productively and efficiently and clients are confident in their complete access ability. The Degnan Team works to provide service with a human touch that keeps real estate clients, friends and neighbors coming back year after year.
The Degnan Team office is located at 9000 Research Forest, just east of Gosling and can be reached by calling 281- 210-1719, or visiting http://www.TheDegnanTeam.com.
Putting the Houston Real Estate Market in Perspective
No one in Houston would argue that 2005 was a very good year for real estate. And when we thought it couldn’t get any better, along comes 2006, which surprisingly, was better. In the years to come, we all may look back at 2006 and remember it as the first peak year in residential real estate in Houston – at least in the new millennium. However, now that the national media goes negative at the mere mention of real estate, buyers and sellers are very smart to realize that
These Negatives Do Not Apply to Houston
Yes, the coastal areas are suffering from the aftermath of wild-eyed investor exuberance; yet Houston has experienced a modest increase in growth for an extended period of time. 2007 is not the stellar year that 2006 was, but most statistics show we are better off than 2005, which was a very good year in real estate.
|
October HAR-MLS YTD |
Sales |
Dollar Volume |
Average Price |
Median Price |
Contracts Written |
Listings |
Days on Market |
|
2007 |
59,339 |
$12,220,287,994 |
$205,940 |
$152,000 |
42,971 |
35,333 |
76 |
|
2005 |
54,581 |
$10,202,885,829 |
$186,931 |
$141,380 |
37,601 |
30,723 |
81 |
|
Unit Difference |
+ 4,758 |
+ $2,017,402,165 |
+ $19,009 |
+ $10.620 |
+ 5,370 |
+ 4,610 |
– 5 |
|
% Change |
+ 8.7% |
+ 20% |
+ 10% |
+ 7.5% |
+ 12.5% |
+ 15% |
– 6.5% |
With the current market in perspective, there’s no question which market year a buyer or seller would rather be buying and selling in – 2007, the one we’re in right now!
The only statistic that makes 2007 less desirable than 2006 is the 15% rise in inventory, which slows home price appreciation and extends time on the market. Both Fortune Magazine and a feature in the October 2007 issue of Business 2.0, “How to Play the Real Estate Bounceback,” predict that Houston will appreciate in the future, so now is really the time to make a move in real estate!
In a market where inventory has risen, sellers need to position their home in the market “way out in front” of the competition, in order to attract the most number of buyers and offers.
Please contact us today so we can give you a home price evaluation and, most importantly, demonstrate our ability to position your home to attract the highest offers.
The Degnan Team, Prudential Gary Greene, Realtors
Houston is Top Real Estate Market in the Country
Houston experiences positive housing trend despite national news
HOUSTON – September 9, 2007 –Contrary to the gloomy picture being painted by the national media concerning the national housing slow down, Houston’s residential real estate market continues, as it has in the past, on a steady growth mode. “Houston was never a participant in the meteoric rise in home prices as some national markets were,” commented Mark Woodroof, Partner of Prudential Gary Greene, Realtors®, “so we are not a participant in its inevitable slump.” Year-to-date July 2007, according to the HAR Multiple Listing Service, the number of single-family sold units [42,152] was exactly the same number as year-to-date July 2006. Even if the number of sales do not match up to 2006 by year-end, it will still be considered a very healthy year because 2006 was the best year in Houston’s residential sales history.
During a rolling 12-month period through July 2007, 82,000 jobs were created in the Houston-Sugar Land-Baytown statistical area. The local economy is booming with the energy sector, the medical center, NASA and the Port of Houston. Houston has a diverse economy with strong job growth and low unemployment. All of these factors have a positive impact on the real estate market. It has also contributed to a 3% increase in average sales price, which year-to-date is $205,672, the highest ever recorded. The median sales price is $152,000, which is 2% higher than last year. The median is the mid-price range where half the homes sold above and half the homes sold below.
Some wonder if the sub prime debacle and mortgage industry meltdown will have a negative impact on home sales. Buyers still have access to a wide array of mortgage products at very attractive rates through Fannie Mae, Freddie Mac, FHA, VA and many bond programs are picking up the slack for buyers needing a little more assistance. What about non-conforming loans like jumbo loans over $417,000, are they in short supply? On Aug. 20, over a week after the credit crisis broke, one of the nation’s largest banks offered a 7.25 percent rate on a 30-year fixed-rate jumbo mortgage, with one point.
The upside of the mortgage credit debacle is that lenders are moving back to basics. No- and very low-down-payment mortgages are available only to buyers with high credit scores. This means no more 100 percent and 95 percent mortgages for sub prime borrowers. Lenders are also backing away from low-documentation mortgages. Many lenders now require buyers to have a cash down payment, good credit and the ability to verify income.
While the liberal lending policies practiced by some in the mortgage industry have impacted national home sales, it has only had a mild effect on Houston. Of the top 500 foreclosure zip codes nationally only one Houston area zip code was in the Greater Houston area. Houston’s foreclosure rate is up by only 1% over last year and when one considers the number of homes sold last year over the prior years’, the foreclosure rate is far from alarming.
Of all the places in the United States to own a home, Houston represents one of the safest investments and will probably continue to be so in the foreseeable future. Whether you are buying or selling, there has never been a better time to be in the Houston market.