January News You Can Use

Housing Stats • Save Thousands When Buying or Selling • Paint Finishes

HOUSTON AREA HOME SALES SUFFERED THE PERFECT STORM IN 2022

The Houston area real estate market has been blowing and going for the last several years. This year, housing inventory, interest rates, inflation and economic uncertainty ended Houston’s seven-year run of record-breaking home sales. 

 Single-family home sales fell 10.9 percent while sales of all property types totaled was down 10.7 percent from 2021. For the month of December, single-family home sales dropped 32.6 percent.

Single-family homes inventory grew from a 1.4-months supply last year to 2.7 months. Per National Association of Realtors, housing inventory across the U.S. currently stands at a 3.3-months supply. Days on market grew from 48 days in November to 57 in December. This is the highest it is has been since mid-2020.

Per HAR / MLS:

Month-to-Month Comparison:

CategoryJan.
2022
Feb.
2022
Mar.
2022
Apr.
2022
May
2022
June
2022
July
2022
Aug.
2022
Sept.
2022
Oct.
2022
Nov.
2022
Dec.
2022
Total Property Sales8,1349,29912,14911,38411,98011,92110,18010,1579,3878,2237,1717,634
Total Active Listings21,64320,62020,92322,47524,30129,34433,71134,45835,69436,75136,43433,776
Single-Family Home Sales6,4517,3729,6939,0799,6279,7288,3708,2417,6646,6415,8276,378
Townhome/Condominium Sales555652855809821748660683597540436432
Single-Family Months of Inventory1.41.31.31.41.62.02.52.52.72.82.92.7
Single-Family Pending Sales9,2719,30110,61610,20110,3539,1818,3308,5207,3246,6665,9375,493
Days on Market394138332928263137434857

Single-Family Sales by Price Range (Harris, Fort Bend, Brazoria & Montgomery Counties)

Price RangeJan.
2022
Feb.
2022
Mar.
2022
Apr.
2022
May
2022
June
2022
July
2022
Aug.
2022
Sept.
2022
Oct.
2022
Nov.
2022
Dec.
2022
$1 - $99,999412833342926223027272725
$100,000 - $149,9991031181451181101021091201008889105
$150,000 - $249,9991,2481,0811,4371,1121,1001,0599391,1031,001978824931
$250,000 - $499,9993,1213,7334,7404,3514,6154,9074,1904,1283,8333,3572,9183,091
$500,000 - $749,9995517411,0161,0871,2361,2801,0331,000851703608727
$750,000 and above291390583635756720533505485364322381

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Choosing the Right Paint

There’s a basic rule of thumb to follow when choosing paint sheens: The higher the sheen, the higher the shine — and the higher the shine, the more durable it will be.

Flat paint has no shine; high-gloss is all shine. In between are eggshell, satin, and semi-gloss, each with its own practical and decorative job to do.

Here’s how to choose the right paint sheen for your painting job.

Kitchen:

  • Requirements: Durable, easy to clean paint
  • Recommendation: High gloss or semi-gloss finish

Family Room:

  • Requirements: Easily cleaned, can stand up to high traffic
  • Recommendation: Satin finish

Dining Room:

  • Requirements: Clean, smooth-looking walls for a low-traffic area
  • Recommendation: Eggshell finish

Bedroom:

  • Requirements: High-pigment wall coverage (money saving) for a low traffic area.
  • Recommendation: Flat or matte finish

High Gloss

The most durable and easiest to clean of all paint sheens, high-gloss paint is hard, ultra-shiny, and light-reflecting. Think appliance-paint tough.

High gloss is a good choice for area that sticky fingers touch — cabinets, trim, and doors. High-gloss, however, is too much shine for interior walls. And like a Spandex dress, high gloss shows every bump and roll, so don’t skimp on prep work.

  • Practical application: kitchens, door, and window trim
  • Durability: very high

Semi-Gloss

Good for rooms where moisture, drips, and grease stains challenge walls. Also great for trim work that takes a lot of abuse.

  • Practical application: kitchens, bathrooms, trim, chair rails
  • Durability: high

Satin

Has a yummy luster that, despite the name, is often described as velvety. It’s easy to clean, making it excellent for high-traffic areas. Its biggest flaw is it reveals application flaws, such as roller or brush strokes. Touch-ups later can be tricky. 

  • Practical application: family rooms, foyers, hallways, kids’ bedrooms
  • Durability: high

Eggshell

Between satin and flat on the sheen (and durability) scale is eggshell, so named because it’s essentially a flat (no-shine) finish with little luster, like a chicken’s egg. Eggshell covers wall imperfections well and is a great finish for gathering spaces that don’t get a lot of bumps and scuffs.

  • Practical application: dining rooms, living rooms
  • Durability: medium

Flat or Matte

A friend to walls that have something to hide, flat/matte soaks up, rather than reflects, light. It has the most pigment and will provide the most coverage, which translates to time and money savings. However, it’s tough to clean without taking paint off with the grime.

  • Practical application: adults’ bedrooms and other interior rooms that won’t be roughed up by kids
  • Durability: medium-low

Tips For Choosing the Right Sheen

If your paint color is dark and rich but you don’t want a super shiny effect, step down at least one level on the sheen scale. That’s because the darker and richer the paint color is, the more colorant it has, which boosts sheen. Ditto if you’re painting a large, sun-washed, or imperfect wall. The higher the sheen, the more defects will show.

Adding sheen also adds to the cost, usually an extra dollar or two per gallon as you step up on the sheen scale.

Provided by Pat Curry for HouseLogic.