All Forum Posts by: Sean Xin

@Adam Chudy Thanks for the info!  

Renters will pay a premium for a more updated/renovated listing.  

According to HAR:

"inventory levels continue to outpace last year, rising from a 3.5-months supply to 4.0 months. That is the largest supply of homes since November 2012 when it stood at 4.1 months."

Broken out by housing segment, July sales performed as follows:

$1 - $79,999: decreased 43.3 percent

$80,000 - $149,999: decreased 32.8 percent

$150,000 - $249,999: decreased 3.1 percent

$250,000 - $499,999: decreased 1.4 percent

$500,000 and above: decreased 21.7 percent

Downstream sector in the energy industry such as refineries will see more margin in a energy down market, because of low commodity cost.  I was once told, West Houston represents the upstream sector, Downton Houston represents Midstream/Marketing/Corporate, East Houston as the downstream.

Hello All,

I know the HCAD appraisal value is not determined based on the sales price.  But I have noticed the next years county appraisal value always (most of the time) comes right in line with the sales price which was recorded with the county.  Is there a true correlation between the two?

@Jeff Smith I am talking with a mortgage broker and getting ready to do the cash out refi.  Let me know if you need any contact.

Welcome to BP @Kevin Chesser! We recently listed a SFR for rent, received over 60 inquires in two days in the Cypress area.

@Joe Kim

@Randall Jacobs good point, due to the sheer size of the Houston metropolitan area, certain neighborhoods might be affected differently.  

@Joe Kim these are valid points, increasing in value causing taxes to rise, recent flooding might caused spike in flood insurance premium, energy industry down turn and etc.  I think the question is will people continue to move to TX/Houston? Our inventory is 3.5 months which is still below national average.  I'm actually starting to see more investors in the market IMO.  I think you should have a chat with your property manager about your expectations in tenant screening and relationship building for the long term leases. 

@Xavier Jefferson what are you looking for?

I have personally used Herndon/Muncey, Inc. 

@Paul Doherty Thanks for the update, I am on the verge of doing a cash out refi myself.  After reading this post, I am ready to pull the trigger.