While oil prices have rebounded (as of the publication date), the real estate market held steady in February for our area. Homes priced from $150,000-$500,000 experienced the greatest growth in sales, while those above and below those levels saw declines. Available inventory, which had been the thorn in the market’s side for at least the past couple of years, seems to be moving slowly toward a more balanced market but still tighter than the nation overall. You may read all about the latest market stats on here.
I know it is hard to believe that it is already time, but starting in June, you may file to run for the HAR Board of Directors. It is an active opportunity to make a real difference in the real estate industry for the betterment of all REALTORS®. You may find out more information here. It is one of the best things you will ever do in your professional career.
We all strive to provide the best consumer experience to our clients. As society shifts and younger consumers enter the market to purchase or lease a home, the way we interact with them will also shift. You may read lots of interesting insights here that will hopefully help you stay ahead of the curve and continuing to provide the best service to your clients.
With the globalization of the economy, more buyers are showing interest in U.S. properties either as investments or second homes. Houston has been a great beneficiary of this interest as well. You may see all sorts of facts and figures regarding international real estate on pages here and here. It should be noted that international real estate means both dealing with clients from other countries, as well as working to buy or sell properties in other countries.
When you take courses toward your Continuing Education (CE), you want to make sure you receive the credit you earned. There are new rules from TREC regarding CE that you will want to make sure you know. You may read all about them here.
Until next month,
Mario Arriaga
HAR Chairman of the Board
