Friendswood Real Estate – Pretty Well-Maintained Home at 16206 Teal Manor Ct.

By jselig | Published: January 26, 2012

Friendswood real estate – Welcome to 16206 Teal Manor Ct., a terrific cul-de-sac home in Friendswood’s Heritage Park and the Clear Creek Independent School District. This home features three bedrooms and two and one-half bathrooms in approximately 2,347 square feet.

 Perfect for relaxing and entertaining, the downstairs is airy and open with a spacious living/kitchen/dining area overlooking the very large back yard. The kitchen area comes with an abundance of counter and storage space and is topped by beautiful silestone counters. The tiled downstairs also features a formal dining area, utility room, and half bath.

Upstairs features a large game room and a spacious master with separate tub and shower.

Please click on 16206 Teal Manor Ct. to see the listing information and photos, and please contact me if you have any questions about this pretty well-maintained home.

 

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Galveston Real Estate and Galveston Condos – Mortgage Market Update

By jselig | Published: January 25, 2012

Mortgage market update from Chris Nooney and Prime Lending:

INFO THAT HITS US WHERE WE LIVE…Well, we can all make our way with a bit of a smile on our faces, courtesy of the latest Housing Starts numbers. At first blush, the December report seemed disappointing, down 4% for the month. But starts overall are UP 24.9% from a year ago and December’s drop was all from multi-family starts, very volatile month-to-month. Single-family starts were UP 4.4% for the month and UP 11.6% for the year. No wonder the National Association of Home Builders confidence index went to 25, its highest reading since 2007.

For those who still couldn’t put on a happy face, Friday’s data should have done the trick. Existing Home Sales were UP 5% in December, their third consecutive gain, to their highest level since January 2011. The inventory of existing homes is down 21% from last year and the months’ supply dropped to 6.2, the lowest level since April 2006. For all of 2011, sales of single-family homes, townhomes, condos and co-ops rose 1.7%, to 4.26 million units.

See Galveston real estate listings.

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Galveston Real Estate – Beautiful Charmer in Galveston’s Prestigious Cedar Lawn

By jselig | Published: January 18, 2012

Galveston real estate  - Welcome to 8 Cedar Lawn Circle. This home in prestigious Cedar Lawn has massive curb appeal outside along with massive warmth and charm inside.

 Situated on a double lot with a large pool, large two car garage with beautiful 2 bedroom carriage house above plus a large yard, this home has 4 bedrooms, 3 bathrooms, and approximately 3,752 square feet (not including the carriage house). 

From the entrance hall you enter into a spacious living room with fireplace and moldings on the ceiling. From there you can enter the elegantly sized dining room with its abundance of built-in storage or into the family room/kitchen which has been updated but still retains its old-time charm. The kitchen has granite counters, stainless appliances, and a lot of storage and counter space.

 Also located downstairs is the sunroom, a full bath, and the screened porch which overlooks the pool.

 Upstairs you will find another sunroom which could be used as a study or a bedroom along with the four bedrooms and two bathrooms. The master bathroom and closets have been remodeled and expanded within the past three years. The master bedroom is a grand sized room with windows on two sides overlooking the trees.

 As if this were not enough, 8 Cedar Lawn Circle has hardwood floors throughout as well as art deco accents. This home is a wonderful place to live, relax, and entertain.

 Please click on 8 Cedar Lawn Circle to see the listing information and virtual tour slide show, and please feel free to contact me if you have any questions about this premier home.

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Galveston Real Estate and Galveston Condos – Mortgage Market Update

By jselig | Published: January 10, 2012

Mortgage market update from Chris Nooney at Prime Lending:

INFO THAT HITS US WHERE WE LIVE…The latest opportunity in real estate came December 28, when the Federal Housing Administration extended the waiver of its “anti-flipping” rule through the end of 2012. This lets homebuyers, who need FHA-insured financing, purchase homes that were bought by the seller in the last 90 days. And it gives investors looking to rehab and flip properties an expanded market, including first-time homebuyers and others without large down payments, who need FHA-backed loans.

The Mortgage Bankers Association (MBA) reported that during 2011, near-record-low mortgage rates drove more homeowners to seek refinancing, moving that MBA index up more than 60%. But demand for purchase loans fell versus 2010, although that year’s activity was boosted by the homebuyer tax credit incentives.

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Galveston Real Estate – Charming Home in Denver Court

By jselig | Published: January 4, 2012

Galveston real estate  - Welcome to 4810 Crockett Blvd., a charming Dutch Colonial in Denver Court, a neighborhood of charming homes. This home has three bedrooms and one and one-half bathrooms in approximately 2,160 square feet. 

The entrance hall leads you into either the very spacious living room, the charming dining room with French doors, or back toward the downstairs bath, den, and the kitchen. The den could be used as a study or downstairs bedroom, and the kitchen’s breakfast area has wonderful knotty pine paneling. 

There are gleaming newly refinished hardwood floors throughout most of the home, and the abundance of windows fills the home with natural light.

 Denver Court’s location makes access to the Seawall, downtown Galveston, the Strand, and UTMB easy.

 Please see 4810 Crockett Blvd.  to see the listing information and photos, and please let me know if you have any questions about this great home.

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Galveston Real Estate and Galveston Condos – Mortgage Market Update

By jselig | Published: January 2, 2012

Mortgage market update from Chris Nooney at Prime Lending:

INFO THAT HITS US WHERE WE LIVE…It’s good to show your best face to the world as the new year begins (see Business Tip of the Week, below) and that just got easier to do. Last week’s Pending Home Sales index from the National Association of Realtors (NAR) went UP 7.3% in November, hitting its highest level since April 2010! And that earlier reading was artificially boosted, as buyers rushed to beat the deadline for last year’s home buyer tax credit.

The NAR’s chief economist commented, “Housing affordability conditions are at a record high and there is pent-up demand from buyers who’ve been on the sidelines…. The sustained rise in contract activity suggests that closed existing-home sales…should continue to improve in the months ahead.” The S&P Case-Shiller index for October showed minor price drops in 19 of the 20 surveyed metro areas, but the index was UP 1.9% from its post-crisis low in March 2011.

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Galveston Condos – 202 Seawall Blvd. East Offers Great Gulf Views!

By jselig | Published: December 29, 2011

Galveston condos - Welcome to 202 Seawall Blvd. East. Looking for a large condo with a view of the Gulf as well as the ships passing in and out of the ship channel? Then check out this wonderfully designed townhouse style condo in a small complex located across from the beach and just a few minutes from UTMB and downtown Galveston. 

There are three bedrooms and three and one-half bathrooms in approximately 2,078 square feet, plus there is an attached two car garage. 

Comfort is found in the large living/dining area with fireplace and wonderful views, and you can relax on the deck or in the upstairs loft/study while watching the water. There is even a private front courtyard. 

Please see 202 Seawall Blvd. East to see the listing information and the photos, and please call if you have any questions about this condo with a premier view.

See Galveston real estate listings.

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Galveston Real and Estate and Galveston Condos – Mortgage Market Update

By jselig | Published: December 26, 2011

Mortgage market update from Chris Nooney at Prime Lending:

INFO THAT HITS US WHERE WE LIVE…Wisely, the National Association of Realtors (NAR) did not follow the diminutive Emperor’s advice last week, admitting they uncovered some mistakes in the statistical model used to estimate national Existing Home Sales the past few years. They therefore had to revise those sales down 14%, to a 4.42 million annual rate in November. Nevertheless, Existing Home sales were UP 4% for the month and UP 12% versus a year ago. And the inventory is down 18% versus last year, now at a 7 months’ supply!

In line with that, Housing Starts were UP 9.3% for November and UP 24.3% versus a year ago, while Building Permits were UP 5.7% for the month. November New Home Sales came in Friday UP 1.6%, with the supply dropping to 6 months, its lowest level since early 2006! The numbers of unsold new homes under construction and unsold completed new homes are also at or near record lows. The FHFA price index for homes financed by conforming mortgages was down just 0.2% in October and is down only 2.8% versus a year ago.

See Galveston real estate listings.

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Galveston Real Estate and Galveston Condos – Mortgage Market Update

By jselig | Published: December 13, 2011

Mortgage market update from Chris Nooney at Prime Lending:

INFO THAT HITS US WHERE WE LIVE…The housing recovery may be proceeding slowly, but things are definitely not at a standstill. Earlier this year, an industry rent vs. buy index found it is more affordable to buy than rent a two-bedroom home in 72% of America’s 50 biggest cities. In fact, renting was less expensive than buying only in New York, Kansas City, San Francisco and Seattle. And in 10 of the cities where renting was relatively affordable versus ownership, people felt buying may still be a financially sound long-term decision.

A recent consumer study showed people are getting the message. With home prices now at such affordable levels, 62% of those surveyed said buying in today’s market is a good investment over the next 10 years. The most popular advice people would give to anyone thinking of purchasing a home is to avoid buying more house than they can afford. Good advice indeed.

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Galveston Real Estate – New Listing With Innate Elegance

By jselig | Published: December 7, 2011

Galveston real estate – Welcome to 1612 31st Street, a three bedroom home with one and one-half bathrooms in approximately 2,456 square feet. This home is more spacious than it looks.                                                                                                                                                                                                                                  This home’s charming built-ins, chandeliers, stairwell, spacious rooms, and large covered gallery are evidence of its innate elegance. It is now time for your touch. 

The large utility room is garage-sized and provides flex space for all sorts of activities, and the lot is 150 feet deep. 

Please click on 1612 31st Street to see the listing information and photos, and please contact us with any questions that you might have about this home.

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  • James Selig, ABR, CRB, CRS,
    SRES, e-Pro, RSPS
    Broker-Associate
    The Selig Group
    Keller Williams Realty
    c/o 4720 Crockett Blvd.
    Galveston, Texas 77551
    cell: 409/256-1274

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