Jeff Bulman

State of the Real Estate Market – August 2010

Jeff — Tue, 24 Aug 2010 15:45:58 +0000

National Real Estate Market Pending Home Sales Ease in Post-Tax Credit Market Pending home sales edged down with near-term sales expected to be notably lower in contrast to the spring surge when buyers rushed to take advantage of the home buyer tax credit, according to the National Association of Realtors®. The Pending Home Sales Index,* [...]

Million dollar borrowers stop paying their mortgage.

Jeff — Fri, 09 Jul 2010 20:56:01 +0000

More than 14 percent — one in seven — borrowers with mortgages greater than $1 million have stopped paying them. Slightly more than 8 percent of mortgages of less than $1 million are delinquent, according to real estate analytics firm CoreLogic. “The rich are different: They are more ruthless,” says Sam Khater, CoreLogic’s senior economist. [...]

The future of UTMB Victory Lakes Campus in League City

Jeff — Sun, 13 Jun 2010 03:08:55 +0000

UTMB recently released a master facility plan which highlights building improvements and additions from 2010 through 2035. Obviously this is a long term projection that can change but the report is very positive for growth in League City. The plan highlights numerous new buildings to the Galveston Campus. Those unfamiliar with UTMB might wonder how [...]

Palisade Palms in Galveston up for Auction.

Jeff — Tue, 11 May 2010 02:08:09 +0000

Kennedy Wilson is auctioning off 27 unsold condos from the developer of Palisade Palms, a hi rise luxury condo development in Galveston. There advertisement in the Houston Business Journal grabbed my attention because it listed starting bids from $125,000. Like most auctions, the auctioneers advertise low starting bids but when you read the terms its [...]

Low Risk of Major Home Price Decline in Texas

Jeff — Fri, 30 Apr 2010 18:26:52 +0000

By David S. Jones, senior editor, Real Estate Center COLLEGE STATION, Tex. (Real Estate Center) – A new study from the Real Estate Center at Texas A&M University explains why Texas’ housing market fared far better than other states during the current downturn. It also suggests why the state’s economy is expected to continue [...]

New Residential Development in Clear Lake

Jeff — Wed, 28 Apr 2010 14:00:36 +0000

Update on Tuscan Lakes in League City: 592 homes are now built; the master plan calls for 1,659 single-family homes. The 870-acre development is at FM 270 and the League City Parkway (SH 96). Four new builders were recently added to the mix with home prices ranging from the $130′s to $300′s. First residents at [...]

Houston Real Estate Market Facts and Stats | April 2010

Jeff — Wed, 28 Apr 2010 00:19:20 +0000

The rapidly approaching April 30 federal homebuyer tax credit apparently inspired Houston-area consumers to house shop, as sales of single-family homes throughout the Houston market rose in March with the strongest sales volume continuing in the upper housing segments. Prices of single-family homes also continued their months-long appreciation. Overall March sales of single-family homes across [...]

South Shore Harbour Market Update | April 2010

Jeff — Mon, 26 Apr 2010 01:36:40 +0000

South Shore Harbour has been very active with the homebuyers tax credit. Here is a break down of current listings on the market and homes sold in the past 12 months. Months of Inventory (estimates the number of months it will take to sell every home currently on the active) – 6.3 months [...]

Market Update – April Newsletter

Jeff — Sat, 17 Apr 2010 03:53:45 +0000

This is my April newsletter I e-mail out to my clients. If you would like to receive it monthly enter your e-mail address here. The media continues to talk about the real estate market “stabilizing”. The reality is until our economy starts to add jobs, real estate sales will be stagnant. Unemployment in Houston decreased [...]

Homes sold in Magnolia Creek | February 2010

Jeff — Tue, 23 Mar 2010 04:33:21 +0000