DOWNSIZING TREND IN TODAY'S MARKET? Woman Rents 90-Square-Foot Apartment in New York

I saw this story today about a woman who has downsized to a 90 sf apartment! Now, I know that the trend in today's market for many people has been to downsize, and thus reduce their maintenance costs, insurance, taxes, and of course, monthly mortgage payment.

However, only in New York would you see a downsize reduction this extreme!

Woman Rents 90-Square-Foot Apartment in New York

Of course, in Texas, with the current buyer's market, its possible now to UPSIZE (Texas Size It), and still save money! For example, I was personally involved with a buyer who was able to buy a 3 year old home that was foreclosed on. It was a 4,000 sf home, with an oversized lot in a nice neighborhood. Per MLS, it originally sold to the initial owner by a home builder for just under $250,000. The final sales price for the new buyer in early 2010 was for just under $175,000! A $75,000 reduction on the original builder sale price.

Now that's a Downsize on Price, but an UP on Size! Let me know if you are looking for similar hot deals! I can find them for you!!

Houston Celebrates Two Percent Drop in Sales



This Beautiful Home in The Forest of
Friendswood is listed for under $300,000.
View the video at www.har.com/74415084

Some might have had to re-read the title of this article to make sure their eyes weren’t playing tricks on them. The latest MLS statistics are out and they show a two percent drop in sales for February 2011 when compared to the same month last year. While a drop in sales is usually not greeted with open arms, let’s examine why this is excellent news for the Houston market.

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