Welcome to The Freund Group's blog spot! We are a real estate group with a combined total of over 50 years of experience helping buyers and sellers in all aspects of residential, commercial, as well as, investors, foreclosures and short sale transactions. Whether you are thinking of buying or selling a home, our helpful resources and tips will help you through the process.
Our blog spot will feature stories of events around the Houston area, the housing market trends and the benefits of investing in Houston real estate. Please feel free to ask questions or voice a concern in the comment section.
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Earlier this month, the National Association of Realtors (NAR) released a special study titled Single-Family Home Price Gains by Years of Tenure. The study estimates median home price appreciation over the last 30 years based on the length of homeownership.
Below are three graphs depicting the most important data revealed in the study.
One of the first measures of the financial benefits of homeownership is the net worth (in the form of equity) an owner can build over time. The study showed the average increase in home values based on how long homeowners stayed in a home.
Another way to look at this is by the percentage increase in value over time, called appreciation:
Today, when we think of markets that have done well over the last decade, we have a tendency to think about San Francisco, San Diego, Seattle, and other West Coast cities. Though it is true the West Region showed the highest price growth over the last three decades, we can see how every region of the country did quite well in ten-year increments:
This data validates the claim that homeownership is great for building wealth. The importance of this information was highlighted in the study’s first sentence:
“Homeownership is an important source of wealth creation, enabling current homeowners and succeeding generations to move up the economic ladder.”
Homeownership has many financial and non-financial benefits. The accumulation of “housing wealth” through increased equity is a major one. If you’re thinking of buying a home for the first time or moving up to your dream home, the sooner you make the move, the sooner your net worth will begin to grow.
Mardi Gras Galveston
Mardi Gras Galveston is in full swing. Enjoy great food and fun! Mardi Gras Galveston is the third largest Mardi Gras Celebration in the United States. The event is in its 109th year and runs through Fat Tuesday, this year ending on 2/25. Guests enjoy music, food, parties, parades and fun!!
On Friday 7-8 is the Danny Weber Memorial Fire Truck Parade. Danny was a lifelong Galvestonian who spent over 30 years in the Galveston Fire Department. He eventually became the Fire Chief. The parade is dedicated to Danny because of his love for his community, fire department and Mardi Gras!
On Friday just after the Danny Weber Memorial parade is the Krewe Babalu 15th Annual All Krewe Parade. Beads galore! It starts on Mechanics Row and ends at the Strand. The parade will last from 8-9pm.
Next is the Krewe De Yaga’s Parade. Krewe da’Yaga’s makes its return with a parade full of Yaga’s Café family of past, present, and future. The parade follows the Krewe Babalu’s Parade and runs 9:30-10:30 pm.
On Saturday there are plenty more parades throughout the day. Krewe d’Esprit Rosaire Parade starts at 11am ends at 12. At 2:30-3:30 enjoy the Mix 96.5 Parade, then the Laissez Les Bon Temps Rouler Parade at 3:30. The Bumpin’ Bus Parade starts at 5:30 and the Knights of Momus Grand Night Parade is at 6:30 and lasts until 8:30.
Sunday 2/23, kicks off the Shriners Hospitals for Children & Sunshine Kids Parade at 12:00 located at 2300 Strand Street. After is the Krewe of Barkus and Meoux Parade. Yes this is a parade with puppy dogs and cats alike. Next is the Mardi Gras Children’s Parade at 3pm.
Fat Tuesday 2/25 ends with the Fat Tuesday Parade at 6:30 located Downtown Galveston/Strand District, 2502 Market Street.
Besides the abundant number of parades Mardi Gras Galveston has to offer, guests can enjoy live music, delicious food, and just plain fun for all!
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