Oakington Realty, Inc. - PRWeb Press Release Group http://www.rsspad.com/rss2/32473.xml Oakington Realty, Inc. - Powered by PRWeb and RSSPad en xml@emediawire.com xml@emediawire.com 30 New Realty Trends Emerging In Inner Loop Houston Neighborhoods in 2008; Mortgage mess, Erratic Economy Change Buying & Selling Tactics http://www.prweb.com/releases/Houston/real_estate/prweb677633.htm Luxury homes in Houston's Inner Loop (IH-610) should hold their prices in 2008, but risk of falling values, according to a study, is possible in 2009, says Steven Kleiman, CEO of Oakington Realty, Inc. The mortgage meltdown, uneasy stock markets, unsettled economy and declining prime interest rate are all radically reshaping the way brokers and their clients will market expensive homes, condos and lots, says the REaltor whose firm handled $40 million worth of high-end properties in 2007, up 25% over 2007. Home prices will increase at only 5% over the next two years, with buyers wanting upscale locations close to their places of work, as well as "suburbs in the city -- and more of them narrowing their choices online first. Sellers will have to sharpen their pencils and their properties -- from the curb and landscape to the interior and highly organized storage spaces. Those who venture into tear-downs or property flipping will have to proceed with caution. (PRWeb Feb 6, 2008)

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