Is the real estate market making a comeback?

In Texas at least that seems to be the case.   The most recent release of the Texas Quarterly Housing Report shows that home sales in Texas were up 6% over the same period last year.  Pricing remains flat and inventory is going down.  All of this indicates that it is probably a good time to sell and/or a good time to buy.  As the market starts to come out of the doldrums prices will start to rise.  This sounds like good news for sellers, but not if you do a little analysis.  Most sellers are also buyers either upsizing or downsizing.  As prices rise these sellers may get more for their existing home but they will almost certainly pay more for their new home.  Statistically, most people buy homes that are 50% more expensive than the one that they sell.  So the increase in price on the purchase usually outweighs the gain on the sale of the existing home.  In addition, interest rates are at historic lows, although in a recent report Freddie Mac says it believes that rates have started to rise.  Time will tell for sure, but today there are great opportunities to buy a home.  Call the RozierTeam directly at 281-395-0680 and we’ll help you take advantage of the current market conditions. 

Blog Contribution by David Rozier-The RozierTeam

Broker Associate, MBA, ABR, CRS, GRI, SFR
Keller Williams Premier Realty Katy

Cheaper than Renting

You'll love the quaint cottage community of Lakeville. Where else can you find a home like this so affordable??? NO, it's not a foreclosure; it's just a great home for a great price. 4 BR, 2 ½ BA, 2 car alley entry garage, loft/gameroom, formal dining room. Fresh paint in many rooms, lush lawn, front porch, extended paver patio in your backyard. Walk to many stores or restaurants. Keller Williams Realty. FREE RECORDED INFO CALL 1-888-266-0724 CODE # 23 Click ROZIERTEAM to see the photos.  To see this home call the RozierTeam directly at 281-395-0680.

Postage Rates Just Went Up AGAIN

Did you remember that postage rates increased today?  YES, as of Monday, January 23, 2012 first class letters are 45¢ and postcards increased to a whopping 32¢.  If you are on the RozierTeam mailing list then you should have gotten a card alerting you to the change plus a supply of penny stamps to help you use up any old stamps you may have left over. Not on the RozierTeam mailing list???  Send us an email info@RozierTeam.com and we’ll add you.  You’ll find there are many benefits knowing the RozierTeam besides our real estate expertise. 

Energy efficient rental in Katy ISD

Great rental with energy saving features such as radiant barrier and double pane windows. Spacious kitchen opens into huge den. Attends Katy ISD. Pets on case by case basis. No smoking.  FREE RECORDED INFO CALL 1-888-266-0724 CODE # 251 Click ROZIERTEAM to see the photos. Keller Williams Premier Realty Katy; 22762 Westheimer Pkwy, Ste 430; Katy TX 77450. To see this home call the RozierTeam directly at 281-395-0680.

Huge and affordable rental in Katy

One of the largest floorplans (over 5000 SF) in the area is now available for you to lease at a very reasonable rate. Both formal areas, huge den down, master down, plus home office which could be 6th BR since it has a closet. Gameroom, media room upstairs, 4 additional bedrooms, 2 full bathrooms, storage galore. 2 of the upstairs bedrooms have doors leading outside onto the balcony across the front of the home. 3 car detached garage. Great Katy schools. Enormous fenced yard. FREE RECORDED INFO CALL 1-888-266-0724 CODE # 2 Click ROZIERTEAM to see the photos. Keller Williams Premier Realty Katy; 22762 Westheimer Pkwy, Ste 430; Katy TX 77450. To see this home call the RozierTeam directly at 281-395-0680.

Mortgage Rates Rebound All Time Lows

Click this link below to find out why NOW is absolutely the right time for you to buy your next home. So many benefits:

• You can leverage your assets more efficiently.  
• Buy the home of your dreams at a much lower mortgage payment.   
• Buy a larger home for the same that the smaller ones were previously priced.
• Buy your first home and most likely pay less per month than you are for rent.
• If you are buying and selling then your current home more affordable to the buyer hopefully making a quicker sale.
• You will have the RozierTeam to guide you through the process.

Mortgage-rates-rebound-all-time-lows

Contributed by Barbara Rozier; Keller Williams Premier Realty Katy; 22762 Westheimer Pkwy, Ste 430; Katy TX 77450. To start the journey to your new home call the RozierTeam directly at 281-395-0680.

Exquisite in Cinco Ranch

Here is the home you have been waiting for.  One of the most popular floorplans by Village Builders, in Cinco Ranch, great schools, near the lakehouse pool.  5 bedrooms, 4 full bathrooms and 3 car parking in 2 separate garages (one single, one double.  Gorgeous wood plank flooring greets you at the front door and flows into the office, dining, foyer, and den.  Huge gameroom and separate media room upstairs.  With the market picking up like it is in Cinco Ranch I don't expect this one to last. FREE RECORDED INFO CALL 1-888-266-0724 CODE # 2162 Click ROZIERTEAM to see the photos. Keller Williams Premier Realty Katy; 22762 Westheimer Pkwy, Ste 430; Katy TX 77450. To see this home call the RozierTeam directly at 281-395-0680.

Affordable home in Cinco Ranch

One of the most affordable homes in Cinco Ranch!!! Open kitchen includes stainless steel appliances and granite transformation countertops. Fabulous location on a cul de sac lot, near all 3 schools, blocks from La Centerra, County library, water park, with easy access to Grand Parkway. Plantation shutters downstairs. Fresh interior paint in neutral color. Carpet replaced Dec 2011; 4 BR, walk in closets. FREE RECORDED INFO CALL 1-888-266-0724 CODE # 2159 Click ROZIERTEAM to see the photos. Keller Williams Premier Realty Katy; 22762 Westheimer Pkwy, Ste 430; Katy TX 77450. To see this home call the RozierTeam directly at 281-395-0680.

TEXAS OUTPERFORMS NATION IN OCTOBER HOME SALES

Texas is the place to live.  Look what I just read in RECON-Real Estate Center Online News

November 22, 2011

Copyright 2011. All rights reserved.

Material herein is published according to the fair-use doctrine of U.S. copyright laws related to non-profit, educational institutions. Items attributed to sources other than the Real Estate Center at Texas A&M University should not be reprinted without permission of the original source.


COLLEGE STATION (Real Estate Center) – Sales of existing single-family Texas homes in October were up 8 percent from a year ago, according to the most recent Multiple Listing Services (MLS) data compiled by the Real Estate Center at Texas A&M University.

More than 15,600 existing single-family homes were sold, data showed. The median home price was $147,500, up 2 percent from a year ago, and the state's overall inventory was at 6.9 months.

Meanwhile, the National Association of Realtors (NAR) reported yesterday that, nationally, existing home sales rose 1.4 percent to a seasonally adjusted annual rate of 4.97 million in October from a downwardly revised 4.9 million in September, and are 13.5 percent above the 4.38 million unit level in October 2010.

The national median price for existing homes was $162,500, which was 4.7 percent below October 2010.

Talking about the national numbers, Center Research Economist Dr. Jim Gaines said homebuyers continue to be frustrated by stiff mortgage underwriting and appraisals despite favorable buying factors such as low interest rates, sluggish but positive job creation and lower home prices.

"NAR reported contract cancellations at 33 percent in October, meaning that one in three sales contracts failed to close," Gaines said. "Sales agents should be very circumspect when qualifying buyers for mortgages, rather than being frustrated later because the deal does not close."

October 2011 MLS data for many Texas cities are available on the Center's website. Here is a sampling (data current as of Nov. 21, 2011):

If you know of anyone moving to Texas have them give us a call. 

Posted by:  Barbara Rozier-The RozierTeam
Phone:  281-395-0680
Keller Williams Premier Realty Katy

Buy a Home for $100 down payment

I just got this information from one of the lenders in the area. 

After a short hiatus, the $100 down payment when buying a HUD Foreclosure program is back. This is a great program if you are looking to buy a HUD foreclosure as your primary home. Here are the general rules that you must know to qualify:


1. This program is only when buying a HUD Foreclosure.

2. You must buy the home for the List price or more to qualify for the $100 down payment

3. You will still have closing costs to pay, but you can negotiate with HUD to pay all or some of them

4. This is only when using a FHA loan. So the same great benefits: great rate, low mortgage insurance, etc.

5. $100 is way less than the 3.5% (of the sales price) that FHA normally requires for your down payment.

6. You can ROLL in the cost of some repairs. This is determined on what the home is worth “as is”. So, if sales price is $100k, but the as-is appraised value is $103,000, you could roll in $3000 of required repairs while simultaneously doing the $100 down program.

7. Your lender might be able to use the appraisal that HUD has done for the property, saving you the cost of another appraisal ($400), as long as the appraisal is less than 6 months old.

Not only is buying a foreclosure sometimes a great deal in itself, but buying one with only a down payment of $100 is fantastic news.

Give us a call and we'll help you find your next home. 

David, Barbara and Elizabeth - The RozierTeam
Keller Williams Premier Realty Katy
22762 Westheimer Pkwy, Ste 430
Katy TX  77450
281-395-0680