Tuesday, April 27, 2021 / by Michael O'Neal
The #1 obstacle stopping home buyers in Houston from buying a home right now is the crazy market we’re in.
Here are the most common reasons why they may be having trouble in this market.
3.Unsure of the buying process
4.Need to sell before they buy
Unfortunately, to overcome all of these obstacles you almost need to be everywhere at once, and you need to know how to navigate through the mayhem of everyone else working to get the same home you are.
It’s not fair, and if you're alone, it’s not fun, but I think I can help.
I’m Michael with The Michael O’Neal Group and we specialize in helping dozens of buyers in and around Houston purchase a home even in the crazy market we’re in today. Want a personal home buying strategy session and find out exactly what it takes to find a home, and put in a winning offer? Click below to schedule a free home buying strategy session.
P.S. In the l ...
Wednesday, November 27, 2019 / by Michael O'Neal
Thursday, September 12, 2019 / by Michael O'Neal
Consumers drive sales volumes to near-record levels as interest rates stay low
HOUSTON — Temperatures weren’t the only thing soaring in August. Home sales registered another hot month, as low mortgage interest rates kept consumers in a buying mood. According to the latest monthly report from the Houston Association of Realtors (HAR), August sales of single-family homes throughout greater Houston totaled 8,679. That is up 3.9 percent year-over-year and marks the second largest one-month sales volume of all time; the record of 8,930 was set just last month. On a year-to-date basis, home sales are running 3.1 percent ahead of 2018’s record volume.
Homes in the $250,000 to $500,000 range scored the greatest sales gains, up 14.7 percent compared to August 2018. Next were homes in the $500,000 to $750,000 range, which rose 7.0 percent. The luxury segment, which encompasses homes priced from $750,000 and up, fell 3.0 percent.
The median price of a single-family ...
Thursday, August 22, 2019 / by Michael O'Neal
HOUSTON — (August 14, 2019) — Consumers kept Realtors across greater Houston busy in July, accounting for the greatest one-month volume of single-family home sales of all time. According to the latest monthly report from the Houston Association of Realtors®(HAR), July single-family home sales totaled 8,953. That is up 11.6 percent year-over-year and exceeds the last one-month sales volume record set in June 2018 (8,385). On a year-to-date basis, sales are 3.0 percent ahead of 2018’s record volume. Realtors point to low mortgage interest rates and the steady growth in inventory for the solid monthly performance.
Homes in the $500,000 to $750,000 range staged the biggest sales gains, up 22.0 percent versus July 2018. Next were homes in the $250,000 to $500,000 range, which rose 16.9 percent. The luxury segment, which consists of homes priced at $750,000 and above, increased 5.3 percent.
The median price of a single-family home (the figure at which half . ...