Wednesday, May 29, 2019 / by Michael O'Neal
HOUSTON — (May 8, 2019) — Lower mortgage interest rates, improving oil prices, steady economic growth and a more plentiful supply of housing translated to a strong month for home sales throughout greater Houston in April. Luxury homes (priced at $750,000 and above) drew the greatest volume of sales followed closely by homes in the $150,000 to $250,000 range. Housing inventory grew to its highest level since last September, keeping up with consumer demand midway through the spring buying season.
According to the latest monthly report from the Houston Association of Realtors (HAR), sales of single-family homes increased 7.8 percent in April, with 7,586 homes sold compared to 7,035 in April 2018. That marks the third straight month of positive sales and the biggest volume gain of 2019. On a year-to-date basis, home sales are 2.2 percent ahead of last year’s record pace.
Single-family homes prices reached record highs for an April. The median price (the figure at w ...
Saturday, March 09, 2019 / by Michael O'Neal
Friday, February 22, 2019 / by Michael O'Neal
What is escrow? In real estate, an escrow account is a secure holding area where important items (e.g., the earnest money check and contracts) are kept safe by an escrow company until the deal is closed and the house officially changes hands.
Escrow is also a contractual arrangement in which a third party—usually the escrow officer—maintains money and documents until the deal is done.
How escrow works
The escrow agent is a third party—perhaps someone from the real estate closing company, an attorney, or a title company agent (customs vary by state), says Andy Prasky, a real estate professional.
The third party is there to make sure everything during the transaction proceeds smoothly, including the transfers of money and documents. Escrow protects all the relevant parties in a real estate transaction by ensuring that no funds from your lender and property change hands until all conditions in the agreement have been met.
Along the wa ...
Monday, January 21, 2019 / by Michael O'Neal
HOUSTON — Crawfish season is cookin’ again and H-Town is happy. Some of the hottest crawfish spots in the area are already seeing crowds. Where are the best places to enjoy a heaping pile of spicy mudbugs and all the fixings? We have the top 11, courtesy of VisitHoustonTexas.com
1. Calhoun’s Crawfish Co.
The Baytown staple was a clear crowd favorite in VisitHouston’s 2018 poll. Their secret to success? Their very own seasoning, which gives the crawfish a juicy, never dry taste. Add corn, mushrooms, cajun sausage or potatoes for an additional price. Calhoun's Crawfish Co. is open Friday & Saturday from 11:00 a.m. - 9:00 p.m. On Sundays the restaurant opens at noon and closes when the crawfish are gone
2. Crawfish Shack
Many votes were cast for this favorite by locals who loved the authentic Cajun taste. Their original location is in Crosby and there’s also one in Magnolia. Whether you eat there or get your crawfish at th ...