During the summer, I followed the Real Estate market and summarized what I observed.

In June, the median price of single-family homes sold reached its highest since August 2008. Also, foreclosure properties showed a further decline making up 16.8% of all single-family home sales in the Houston. This is a great decline compared to 34% in January, 28%  in February, 24% in March, 23.6 %  in April and 19.9% in May.  In July, total single-family properties sold increased and foreclosure sales continued to decline to 16.6%.

The Real Estate market in Houston has been showing some improvement, and as a Realtor, I receive many calls of customers asking about the $8,000 tax credit. Is this $8,000 tax credit really working? Are there other factors involved?

I do think that the first time home buyers $8,000 tax credit is giving many people an incentive to go out and try to purchase a home, but historically low interest rates are really helping as well. With today’s economy, the only problem is that many people don’t meet the credit requirements. Lenders  are much more conservative in their lending practices, and financing seems to be the most difficult part of purchasing a home. Furthermore, there are many investors taking advantage of great deals, and it seems as though this is hurting the small number of qualified buyers.

Regardless, I do think that the Real Estate market will continue to improve throughout the rest of the year.

P.S.: In July, Governor Rick Perry signed two appraisal reforms into law. They will help slow the pace of increasing property appraisals and provide additional oversight for the appraisal process. This will is important because Texans won’t end up with higher property taxes.

So what event did you follow?

Bauer is having Rush Week from September 1st through the 3rd. If you know me, you know that I am big promoter of student organizations. Student organizations offer many social events, corporate events, charity events, fundraising events, and NETWORKING OPPORTUNITIES! It is a great way to meet other students and future employers.

If you are new to Bauer and would like to find some common ground with others, this is the way to go. Remember that you are not alone, so don’t be afraid to go up to people and introduce yourself. Everyone is driving through the same road. Always ask a lot of questions. There is always someone there who has already been there, and can give you advice.

Many employers are going to student organizations to meet individuals that are taking that extra step to become a part of a group. There is a reason why many corporations sponsor our student organizations. They want to get to know individuals before they hire them. Take advantage of these opportunities. If possible run for officer positions. Employers are looking for leadership abilities.

Student organizations also allow us to make connections that will last beyond our college years. It doesn’t matter which one you join, because everyone is there to make friends, meet employers, and enjoy the road to graduation.

If you are reading this, please let me know what is the best thing that you have gotten out of joining a student organization. Which one is your favorite?