Homes sold in Magnolia Creek | February 2010

New construction

Coventry Homes

2219 Valley Blossum -  Listed for $289,990

2110 Bayou Cove – Listed for $399,990

2100 Trailbrook – Listed for $378,342

David Weekly Homes

2110 Quiet Fall – Listed for $379,986

Resale

5776 Lightstone – Listed for $224,950

Houston’s Luxury Home Market Gets a Boost in January Surge in sales of homes priced $500K a and above promotes double-digit price appreciation

The Houston real estate market opened 2010 with a mixed bag of readings, making it difficult to determine a clear direction for the months ahead.

January sales of single-family homes across the greater Houston area slid 12.3 percent compared to January 2009, according to the latest monthly data compiled by the Houston Association of REALTORS® (HAR). When broken out by segment, sales of single-family homes priced from $500,000 and above showed dramatic gains in January while sales of homes on the opposite end of the spectrum, those priced from $80,000 and below, fell. Sales of all property types declined 7.4 percent in January on a year-over-year basis. [...]

Businesses in the Houston-Sugar Land-Baytown area expect to hire at an active pace through the second quarter 2010, according to a report issued by employment firm Manpower Inc.

Milwaukee-based Manpower concluded from the 18,000 companies interviewed:

• 20 percent plan to hire more employees;
• 7 percent said they planned to reduce their payrolls;
• 72 percent said they planned to keep their staff levels the same; and
• 1 percent was not certain of their hiring plans.

At 13 percent, the net employment outlook for the second quarter is [...]