Still going down!

Once again, the reason you're not buying now is why?


Using my recent Clear Lake listing of $191,000. If you were to place 20% down and able to obtain a conventional 30 year fixed mortgage at 4.56%, your monthly payment would be about $780 for principle and interest. When we bought our first home in 1993 the best rate we could get was 7.75% making this scenario $1095 for the same home. Do you now see why interest rates are so important?


by ALAN ZIBEL
updated 7/22/2010 11:09:58 AM ET

Mortgage rates fell to a new record low for the fourth time in five weeks. But low rates haven't been enough to lift a struggling housing market.

The average rate for 30-year fixed loans this week was 4.56 percent, down from 4.57 last week, mortgage company Freddie Mac said Thursday. That's the lowest since Freddie Mac began tracking rates in 1971.



The last time home loan rates were lower was during the 1950s, when most mortgages lasted just 20 or 25 years.



The rate on the 15-year fixed loan dropped to 4.03 percent, down from 4.06 percent last week and the lowest on records dating back to 1991.

Rates have fallen since the spring. Investors worried about the European debt crisis have shifted money into the safety of Treasury bonds. That has forced those yields down. Mortgage rates tend to track yields on Treasury debt.

However, low rates have yet to spark home sales and refinancing activity remains moderate.

Sales of previously occupied homes fell in June and are expected to keep sinking. The National Association of Realtors said Thursday that last month's sales fell 5.1 percent to a seasonally adjusted annual rate of 5.37 million.

If A Picture is Worth A 1,000 Words - How Many is a Video?


If a picture is worth a thousand words, than a video must be a book!

You can see for yourself, this Clear Lake home in Bay Knoll is an amazing value at $191,000  - 2558 sq ft, all brick, 4 bedroom 2 1/2 bath home. By the video you can see it is beautifully decorated and ready for you to call it home. It's prime location feeding to Clear Creek ISD schools makes it more desirable.

Want to see more? Visit http://www.823noblesprings.com/ or better yet - call me for a personal showing! 713.817.5710

Keepin' It Green

Always wanting to spread the "Green" word, I came across this article that gives some simple tips to get started.....


"Homeowners across the country are continually striving toward a more eco-friendly lifestyle. While homeowners may not know where to start, there are small steps that can be taken that can add up to make a big difference.

The experts at http://www.ourgreenerlife.com/ offer the following tips to help you lessen your eco footprint.

1. Use less water

Saving water is all about small steps. Here are a few simple ways that will help you conserve water while saving money.

-Shut off the water while you brush your teeth

-Take showers that are a minute or two shorter

-Only run full loads of laundry and dishes

-Buy from sustainable producers. These are farmers, ranchers and other producers that use techniques that pollute less and use less water. You can do some research online or ask at your local organic market to find these products.


2. Use less energy

If you don’t have the money to buy a hybrid car or convert your house to solar power, you can make a big difference with the following small changes.

-Buy energy efficient appliances. They may be more expensive, but make up for the increased cost in lower energy bills.

-Unplug chargers when you’re not using them. Cell phone and other chargers use up power even if there’s nothing attached to them.

-Put devices with remotes, like TVs, VCRs and stereos on a power strip and turn the power strip off when you’re not using the devices. These gadgets use a lot of power to run the remote receiver even when the device is off.

-Walk or ride your bicycle for short trips.

-Buy local products. It takes energy to transport food and other products across the country. Buying local not only supports your local economy, it helps them use less energy.

-When it comes to saving energy and water, it’s a great idea to get the kids involved—you can even make it a game. Have them track how much water and electricity everyone is using and compete to see who uses the least.

3. Reuse

Most of us know the three R’s: reduce, reuse, recycle, but when we work on conserving, we often leave reuse out of the picture. While you can often find tips on how to reuse common products from other people, what you need most is creativity. With a little thought, there are many items around your home that can be reused—toilet paper holders can be used to sow seeds for the vegetable patch, old yogurt containers can be cut into strips to make plant labels and old food jars can be refilled with homemade foods or can make great impromptu vases.

4. Use environmentally friendly products

When you go to the grocery store, you probably see more and more ‘natural’ or ‘eco friendly’ products every time. There are generally two big problems with these products: Just because they’re more natural than regular products, doesn’t mean they’re entirely natural and they’re often expensive.

If you want inexpensive, natural, safe products, why not just make them yourself? Vinegar is a great way to clean and disinfect glass and other surfaces. Need to remove stubborn stains? Just add some baking soda to your vinegar cleaner. Some quick searching online will lead you to hundreds of other natural safe home-made cleaning products."

Amazing Value for Amazing Clear Lake Home!

Visit http://www.823noblesprings.com/ for photos and more information. Video tour coming soon!


Be the first to see this 4 bedroom 2 1/2 bath 2558 square foot home in Bay Knoll. With the list price of $191,000 it is one of the neighborhood's best values.

It is beautifully decorated with contemporary colors, new carpet upstairs, rich looking tile in den. French doors lead to the spacious backyard from both the den AND formal dining room. The corner lot leading into this cul de sac gives you room to spare in the landscaped backyard. 2 inch wood blinds are throughout the home. The master suite is large with a master bath that boasts dual sinks, a spearate shower and whirlpool tub. A stainless gas range and updated cabinets makes the open kitchen an added plus.

With interest rates at a record low, and a house like this price so well - what are you waiting for? Call or text Karen at 713.817.5710 today!

How Low Can It Go?

U.S. 30-Year Mortgage Rates Decline to Record 4.57%  Seriously - what are you waiting for? There is lots of inventory available. Let me help you find the perfect home.

Have You Noticed A Trend?

I have noticed that most of my blogs recently have been about interest rates declining - today's is no exception as seen by this recent article http://www.msnbc.msn.com/id/7148582/ns/business-real_estate/

So the question would be with interest rates so low, homes reasonably priced, and lots of inventory why aren't more people buying? In a discussion with my husband we wonder if it is the gloomy picture media paints. As we talked I mentioned that while we don't want an overly optimistic or unrealistic and rosy picture painted it would be nice to at least have a "bud" of optimism shared. So here is the optimism, if you are "waiting" for the right time to buy I think it is safe to say now may be the time!

Give me a call and I will help you with the first steps to buying and finding you that perfect home.