Rental market report for March – Fewer units leased at higher prices (+6.29%)

Last month I launched the Houston Investment Grade Rentals Chart - an effort to bring you more up to date and relevant information on the rental market for investment grade rentals. The March data for the market's performance has been compiled and analyzed and what follows is the essential summary of facts you should know. The rental market typically goes through a seasonal mild decrease in units leased during February, March and April right before it revs up for the summer and fall back … [Read more...]

Houston real estate market roars into spring + Introducing HIGR chart

It's as if someone flipped a switch on January 1, 2013. The market has not been the same ever since. During the previous two years (2011 and 2012) the  Houston real estate market reversed course and started its steady climb of recovery. Sales started to come in at double digit increases year on year and prices rose slowly but surely. Inventory levels were dropping but there was sufficient supply to serve the growing demand. Rental prices were rising as tenant demand soared in response to … [Read more...]

Houston market update: Prices and Sales up, inventory drought

Statistics for the performance of the Houston real estate market during January were released a few days ago and they point to a strong Sellers market. All the required ingredients are there: Strong sales, higher prices and inventory levels unseen since Bill Clinton was President (December 1999 to be exact). So let me give you the "espresso ristretto" version of the real estate market stats for January 2013: Property sales were up 29% over January 2012 Average home sales prices were up 3.4% … [Read more...]

Houston real estate market outperforms: Rents, sales and prices surge in 2012

Every month of 2012, Houston's real estate market continued its gallop posting higher sales and prices each month year over year - usually by double digits. Most importantly - the statistic that never fails to put a smile on my face - rents continued to rise reaching their peak at the end of the summer for the back to school rush then maintaining high levels through the end. At the bottom of this post, there will be a link to the Realtor association press release for those who want to peruse … [Read more...]

Houston’s hot real estate market and its impact on real estate investors

Houston's real estate market is scorching hot. The latest statistics on Houston's real estate market we're released last Friday and I wanted to share with you some interesting highlights: Real estate sales rose for the 16th straight month. Higher sales were recorded in all price points except for properties priced under $80k. Any guesses on what the majority of properties are in that price range? (Hint: They're owned by banks) Inventory of properties for sale is 4.7 months! That's the … [Read more...]

Houston rental market rises again: Highest average rent on record

Houston rental real estate market has been on a steep upward trajectory throughout the year and the trend continued during the month of July. If you already own investment real estate in Houston Texas, none of this will come as a surprise to you. You probably have experienced first hand the spike in demand for well located properties and the rising rents across the board. In fact, all of our clients properties that have come up for re leasing this year have fetched higher rents and longer terms … [Read more...]

Houston rental market rises again: Highest average rent on record

Houston rental real estate market has been on a steep upward trajectory throughout the year and the trend continued during the month of July. If you already own investment real estate in Houston Texas, none of this will come as a surprise to you. You probably have experienced first hand the spike in demand for well located properties and the rising rents across the board. In fact, all of our clients properties that have come up for re leasing this year have fetched higher rents and longer terms … [Read more...]

Everyone is a genius in a rental bull market

The rental market in Houston Texas is hot. Rents have been rising steadily for the last 4-5 years with average time on market dropping to under 30 days. Landlords are in the driver's seat and the high demand for their properties allows them to ask for longer term leases, higher credit tenants and rent escalations built into the deal. What's most important is that this rush of demand is fueled by real economic and job growth, not some artificial inflation. Under the current conditions you could … [Read more...]

Houston Rental Market Update: Double digit climb plus highest rents on record

Long term real estate investment strategies are founded upon the investor's ability to secure continuous incoming rent over the term of the investment. That's why the most frequently asked question by real estate investors has always been: How do I know the property will rent quickly and stay rented? In that spirit, I want to keep you updated on the state of the rental market in Houston Texas. Fresh off the Houston Association of Realtors presses: Strong activity persisted in Houston's lease … [Read more...]

Cranes, nail guns and the real estate investing market

There's lies, damned lies and statistics. With all the misinformation and spin that surrounds every release of statistical real estate data, it can be hard to tell how the real estate market is really doing. But every long term real estate investor needs to have a good understanding of where the market is at any point in time since this deeply impacts the decisions and choices she makes going forward. Case and point: Is the Houston real estate market currently in a real expansion or is what … [Read more...]

Cranes, nail guns and the real estate investing market

There's lies, damned lies and statistics. With all the misinformation and spin that surrounds every release of statistical real estate data, it can be hard to tell how the real estate market is really doing. But every long term real estate investor needs to have a good understanding of where the market is at any point in time since this deeply impacts the decisions and choices she makes going forward. Case and point: Is the Houston real estate market currently in a real expansion or is what … [Read more...]