pid=1782Houston Real Estate Highlights in May:-Single-family home sales increased for the twelfth consecutive month, up a dramatic 48.2 percent year-over-year with 9,702 units sold;-The Days on Market (DOM) figure for single-family homes dropped from 58 to 34;-Total property sales rose 55.5 percent with 12,100 units sold – the second highest volume in history;-Total dollar volume increased 100.5 percent to $4.4 billion;-The single-family average price reached a new record high, rising 29.7 percent to $387,105; -The single-family median price rose 21.7 percent to $304,000 – also a record high; -Single-family homes months of inventory registered an historic low 1.4-months supply, down from 3.3 months year-over-year and below the national inventory of 2.4 months;-On a year-to-date basis, single-family homes sales are running 29.5 percent ahead of 2020’s record pace;-Townhome/condominium sales jumped 103.4 percent with the average price up 15.7 percent to $238,839 and the median price up 21.7 percent to a record high of $213,000;-Single-family home rentals fell 26.8 percent with the average rent up 10.6 percent to a record high $2,025; -Townhome/condominium leases declined 3.5 percent with the average rent up 8.5 percent to $1,716.

We have managed to have 2 houses now under contract but one fell apart due to inspection red flags, and the other fell apart because it didn't appraise for what we were willing to pay for it and the seller wouldn't come down at all.

Conventional Loan.We had an offer before of 305,000 but fell thru because a ****** appraisal of 284,000 using comps from 8 months ago and wouldn’t consider the new comps . 

I know I have posted this many times.. but I fell into the same thought process when I sold my home in Palo Alto  I could have kept it but it was going to cost me about 300 a month negative  How could it possibly be worth keeping.. well sold it for 500k  and well it sold in 2018 for 3 million .. over the course of maybe 5 to 7 years it would have been 300 positive then 1000 positive then 2k positive and paid for by now. 

Odds are good this deal just fell through because neither you or the seller has the cash to make it right.

Fell free to reach out. 

then GFC hit and most everything fell nation wide 10 to 80% depending on location.. 

.- THEN found out the 2nd floor tenants apparent housing that was lined up fell through AND 1st floor not moving until July 31st. 

He started filling the bathtub up with water and fell asleep and it overflowed and flooded the house. 

The Index fell by less than two percent over the month, to a reading of 139, and was virtually unchanged from the year before.