Central Property Group

05/11/2022

05/08/2022

https://www.youtube.com/watch?v=Ie8xSbrsOPs&list=TLPQMDYwNTIwMjI7ShZ_863QUw&index=2

The COVID-19 pandemic certainly exacerbated the issue, but affordable housing was already a problem before, said Urban Research director.Don't forget to subs...

05/06/2022

Here we go...

05/03/2022

Houston Housing Affordability Declines With Soaring Prices. About half of all Houston-area households could afford to purchase a median-priced home during Q1 2022. Read more about it here- https://bit.ly/HARAffordability

04/17/2022

Property appraisal notices for 2022 are out and in Travis County homeowners were stunned at their increased values. Many people reported valuation hikes of 40 to 60 percent. It’s no secret Central Texas home prices have climbed furiously over the past year, but now everyone is seeing that on p...

04/11/2022

"Canada bans foreign real estate investors for two years"

Personally, I think that foreign money will now be forced to park its money in U.S. real estate. I am familiar they were already doing this. However, I think it will bring even more money into USA real estate. And will continue to be harder for non investors to buy houses to live in. And in return that will continue to make rent prices rise due to supply & demand. 😩

Just my thoughts! What y’all think?

04/10/2022

Houston has a host of unique street names that you can only find here. Here's how roads like Westheimer, Allen Parkway, Stella Link and Kirby Drive got their names.

04/06/2022

"With rents skyrocketing all across America. ... You might want to own one of the best apartment REITs," the "Mad Money" host said Tuesday.

03/25/2022

"30-40% rent increases across the nation influenced in large part by the lack of new construction over the last 10-12 years. This is also due to Institutional buyers have purchased up to 40% of some markets, mainly in the sunbelt."

Lesley Stahl reports on how lack of construction in the 2010s has created a nationwide housing crisis, and opportunistic Wall Street firms have stepped in."6...

02/23/2022

Another sign of the times: The U.S. now has almost 500 cities where the average cost of a home has hit $1 million, according to Zillow.

As housing prices soar, owning a home in the U.S. "is a signifier of the upper class now," one real estate economist says.

02/18/2022

Prices continuing to rise for Texans across the board.

The DFW region is among the areas across the country seeing a spike in apartment rent.

02/08/2022

At the end of December, just 910,000 homes were for sale in the US and prices were up 28% from 2019.

More than 80% of Americans ages 18–34 said now was a bad time to buy a house, according to a Fannie Mae survey released yesterday. Their gloomy outlook is shared by the broader population: A record-low proportion of Americans—just 25%—said it was a good time to buy a house right now.

The median home-sale price reached a record high of $365,000 in January, according to Redfin. That’s a 16% jump from the previous January and a 28% increase from January 2019.
Skyrocketing home prices highlight the severe demand–supply imbalance that emerged in the housing market over the pandemic.
Interest in buying homes soared thanks to historically low interest rates and the desire to avoid your trumpet-playing neighbor at all costs.
But the supply of available houses has not kept up—not even close. In fact, the 910,000 homes for sale at the end of December was the lowest since the National Association of Realtors began keeping track in 1999.

A record-low share of Americans—just 25%—said it was a good time to buy a house right now.