AT THE MOMENT, it is difficult to determine the direction of the market. With low unemployment, consumer confidence way up and extremely low interest rates; this would normally create an attractive market for both Buyers and Sellers. This is not happening though. The reason being is, both the Fulshear and Katy markets are driven mostly by energy prices. They are down, and this is serving as a “boat anchor” to the real estate market. The volatile stock market is not helping either. As such, the market is being tugged in opposite directions which creates turmoil and uncertainty. In addition, the market is further complicated by the amount of New Homes competing with the Resales. In short, it is a “rocky” boat ride with both Buyers and Sellers looking for certainty and stability.
July Results For Zip Code 77441:
July Results by Community
Fulbrook On Fulshear Creek:
Cross Creek Ranch:
Additional Market Insight: