Fifty-three metropolitan areas representing 31 percent of the total US housing market are considered extremely overvalued and confront a high risk of future price corrections, according to a recent study conducted by National City Corporation and published by USAToday.com. Thankfully for Texans, no community in the state was named to the "high risk" list.
(more...)
The Houston real estate market saw healthy gains last month, as sales volume and average and median sales prices experienced increases on a year-over-year basis. According to statistics released mid-August by the Houston Association of Realtors Multiple Listing Service, particular strength was seen in the $400,000+ home market. That market experienced a 29.2 percent increase in sales, comparing July 2005 to July 2004.
(more...)
Century Exploration, an oil company, will be sharing its building with a Transcendental Meditation group. Both entities are seeking “clearer thinking,” which the building’s Vedic architecture is designed to aid. The Woodlands Peace Palace at 10210 Grogan’s Mill Rd. was built for Howard Settle, chief executive of Century Exploration. He is leasing the first floor to the meditation group.
Vedic architecture has been around for 5,000 years. Vedic-styled buildings usually face east and have many windows. They are constructed with nontoxic materials. The architect for this project is Sue Weller, and the designer is Ray Truitt of Galveston.
Source: Recon
The Houston real estate market saw healthy gains last month, as sales volume and average and median sales prices experienced increases on a year-over-year basis, according to statistics released by the Houston Association of Realtors® Multiple Listing Service. Particular strength was seen in the $400,000+ home market, with a 29.2% increase in sales for those higher end properties when compared to last year.
Total property sales for the month totaled 7,680, which was a 10.0% increase over July 2004. Properties sold during the month reached a total of more than $1.4 billion, a 19.8% increase compared to last year’s more than $1.2 billion in July sales. Additionally, year-to-date total property sales reached 45,477, which is an increase of 8.1% over the same period of 2004.
(more...)
