Investors Move In As Overall Market Inventory Increases

The Houston real estate investor market heated up in January. December's 83 listings were a low point for the wholesale market, but investors added another 52 deals, making a total of 135 deals in the first month of 2008.

In January, 40 listings sold, up from only 19 properties in December.

That according to an analysis of Houston Real Estate wholesale listing site MyHouseDeals.com.

In December, that left 64 up for sale and in January, that number grew to 95 homes.

Houston-area market sees a decline in home prices and sales

Experts linked the slowdown to a tightening in subprime lending, combined with consumer jitters about a possible recession, an uncertain presidential election and a national real estate crisis.

Some would-be home buyers are "taking a bit of a wait-and-see approach," said Mike Gray of Exit Complete Realty. "They think they may get a better deal or that rates are going to go lower."

Single-family home sales in the Houston area fell 12 percent last month compared with a year earlier, the Houston Association of Realtors reported Tuesday. Realtors sold 3,620 homes through the Multiple Listing Service.

Invesco Sells City Park East in Houston

Dallas-based Invesco Real Estate sold City Park East, a 882,232-square-foot portfolio of five industrial buildings in Houston, to an unnamed pension fund advisor. The exchange was made free and clear of debt.

The portfolio includes five properties at 8503, 8607, 8609, 8711 and 8833 City Park Loop on 36 acres. Exel Logistics, a 20-year tenant, fully leases the property. The logistics firm recently signed a 472,600-square-foot lease renewal at 8833 and 8711 City Park Loop. For more on the renewal, see Exel To Stay in Combined 472,600 SF.

Over the long term, the outlook for Texas is bright

Real estate agents and brokers applauded when Gaines said that Texas is the fastest-growing state in the country. "From 2000 to 2007, Texas added a little ...

Despite sub-prime mortgage issues and concerns over the national housing market, data indicated that the Houston, Texas real estate market is holding its..

Houston Real Estate Investing Trends Report

Despite sub-prime mortgage issues and concerns over the national housing market, data indicated that the Houston, Texas real estate market is holding its own.

In an effort to provide a more in-depth look into the housing market in Houston, the 2008 Houston Real Estate Investing Trends report analyzed over 10,000 single family home sales in the Central Houston area since 2002.

Houston Homes Prices Continue to Rise Despite National Housing Crisis

"As we continue to hear the stories of "gloom & doom," it's really important to understand what the local market trends have been so that buyers & sellers can make the appropriate decisions when it comes to a real estate transaction," said Paige Martin, Houston Realtor with Martha Turner Properties.