Spence Drake, Realtor

02/03/2026

Solid local data for anyone tracking the Tomball, Magnolia, Northwest Harris County, and Montgomery County markets. This breaks down recent sales activity, pricing trends, and days on market with ZIP-code-level detail. Worth a read if you’re watching how the market is actually behaving—not just headlines.

Home sales saw an increase year over year in December in the Tomball and Magnolia area, according to market data provided by local real estate firm The Renee Leslie Group.

01/30/2026

The Cost of Waiting in Today’s Housing Market

Many buyers are holding off for one thing: lower interest rates. On the surface, that sounds smart. Historically, however, waiting often creates a more expensive outcome.

When Rates Drop, Prices Usually Climb
Real estate cycles consistently show that declining mortgage rates increase buyer purchasing power. More buyers enter the market at the same time, competition rises, and home prices are pushed upward. Buyers may secure a lower rate—but often on a higher-priced home.

Higher Rates Don’t Typically Mean Falling Prices
Rising rates tend to slow price growth rather than reverse it. Unless there is a severe economic contraction, housing values have historically shown resilience due to limited supply and steady household formation.

Demand Doesn’t Pause — It Builds
Today’s “wait-and-see” buyers don’t disappear; they accumulate. When financing conditions improve, that pent-up demand can re-enter the market quickly, creating multiple-offer environments and reduced negotiating leverage.

Expect Strong Intra-Market Movement
Even in higher-rate environments, people still need to move because of career changes, growing families, downsizing, divorce, and relocation. When rates ease, both buyers and sellers tend to jump back in simultaneously — increasing transaction volume and competition.

Growth Markets Continue to Attract Migration
Population shifts from higher-cost, higher-tax states toward more affordable, business-friendly regions have been reshaping housing demand for years. Markets with strong job growth and economic expansion typically benefit from this trend, supporting long-term housing values.

Bottom Line:
Trying to perfectly time the market is rarely the winning strategy.
• Lower rates often come with higher prices.
• Demand is waiting on the sidelines.
• Growing regions tend to stay competitive.

The most important question isn’t “Where are rates going?” — it’s “Are you positioned to act when the right opportunity appears?”

If you’re considering buying, selling, or making a strategic move, let’s build a plan that puts you ahead of the market instead of reacting to it.

01/17/2026

NW Harris County + Montgomery County Market Update (Q1–Q2) — The Window Is OPEN 🔥🏡

If you’ve been waiting for the right time to make a move in Northwest Harris County and Montgomery County, here’s the truth:

Rates are trending DOWN — and that’s a big deal.
Momentum is shifting in a positive direction, and it’s already changing buyer behavior heading into Q2.

Rates dropping = buyers gain power

When rates continue to slide, buyers typically get:
✅ More purchasing power
✅ Lower payments
✅ More approvals
✅ More confidence to act

And once buyers feel that shift, the market usually heats up fast.

What this means for sellers

This is where sellers need to pay attention:

📈 Lower rates bring more buyers back into the market
📈 More buyers = more showings
📈 More showings = stronger offers
📈 Stronger offers = better terms

If rates keep trending down through Q2, we could see more competition and faster sales, especially in the best neighborhoods across Tomball, Magnolia, The Woodlands, Montgomery, Spring, Cypress, and Conroe.

The market right now (Q1 into Q2)

We’re in a strong “sweet spot” where:
🔥 Buyers still have options and negotiating room
🔥 Sellers can still win big with the right pricing + presentation
🔥 And the next wave of buyers hasn’t fully flooded back in yet

That window doesn’t stay open forever.

My edge: Real Estate + Mortgage in one strategy

I’m native to this area, and I know these markets street-by-street—not from a headline.

And here’s what makes my approach different:

I can pair real estate + mortgage strategy to make your offer (or listing) stronger.
That means we can use tools like:
💥 rate buydowns
💥 seller credits
💥 payment strategies
💥 clean approvals + fast closings
💥 better negotiation leverage

It’s a combo that helps buyers win and helps sellers net more.

If you’re thinking about buying or selling in NW Harris or Montgomery County, let’s talk now while the momentum is in your favor.

📲 Message me “BUY” for a payment + approval strategy
📲 Message me “SELL” for a pricing + net sheet plan

And as always—I LOVE referrals and I genuinely appreciate everyone who trusts me with their friends, family, and coworkers. That support means everything. 🙏

01/09/2026

Housing Market Update: Why So Few Homes Are Moving (and What That Means for You)

We’re seeing the lowest home-sale turnover in modern history. Nationwide, fewer than 3 out of every 100 homes are selling this year—down sharply from both pre-pandemic levels and the 2021 boom.

What’s driving this?
• Higher borrowing costs
• Elevated home prices
• Economic uncertainty
• A standoff between buyers and sellers
The result: people want to move, but they’re hesitant to make the first move.

Looking Ahead to 2026
Most economists expect this “stalemate” to continue unless mortgage rates fall meaningfully or incomes rise faster than home prices. Even with modest rate relief, affordability and limited inventory are likely to keep turnover low.

This is where strategy matters more than ever.
Because I’m licensed as both a real estate agent and a mortgage loan officer, I’m able to package services in ways most professionals simply can’t:
• Creative financing options for buyers
• Rate buydowns or cost-offset strategies for sellers
• Better coordination, fewer surprises, and smoother closings
• Solutions that help deals happen even in a tight market

This dual-license approach can be a game-changer for both sides of a transaction—especially right now.

Referrals mean everything to my business.
If you know someone who’s been on the fence about buying, selling, refinancing, or just wants honest advice in this market, I’d truly appreciate the introduction. Your trust is never taken lightly.
As always, happy to be a resource—no pressure, just real conversations and smart solutions.

— Spence

10/02/2025

✨ Getting this one buttoned-up and market-ready!

Coming soon in Montgomery — a like-new Stylecraft home built in 2020, with 3 bedrooms, 2 bathrooms, a big backyard, and no rear neighbors… all for under $300K. 🙌

📍 Lake Creek Villages community
🎓 Montgomery ISD schools
🚗 2-car garage + 1,620 sq. ft. of living space

Stay tuned — this one won’t last long at this price point! 🔑

09/30/2025

🚨 Coming Soon in Montgomery! 🚨

Like-new home built in 2020 by Stylecraft Homes, tucked inside the popular Buffalo Springs community. Bonus: zoned to top-rated Montgomery ISD schools!

✨ 1,620 sq. ft. of living space

✨ 3 bedrooms / 2 bathrooms

✨ Spacious 0.23-acre lot

✨ Huge backyard for kids, pets, or entertaining

✨ 2-car garage

💡 This property comes with an exclusive special financing incentive you won’t find anywhere else — ask me how you can save thousands!

📲 Don’t wait — message me today for details or to schedule your private showing.

09/25/2025

Coming Soon!

Welcome to this stunning 4 bedroom, 3.5 bathroom residence designed for both comfort and style. With plenty of space for work, play, and rest, this home checks all the boxes:

Primary suite downstairs — a quiet retreat with privacy and ease

Gameroom upstairs — perfect for family nights, recreation, or movie watching

Study / home office — ideal for remote work, homework, or reading

Open-concept living, dining & kitchen areas — great for entertaining

Generous secondary bedrooms and bathrooms — comfort for family or guests

Located in the highly regarded Klein ISD — a major plus for families

Within reach of top-rated schools, parks, shopping, and dining

If you’re looking for a home that blends functionality with charm, this is it. Message me for more details, photos, or to schedule your private tour before this one gets to market.

Using Compass Concierge to button this one up before it hits the market. If you’re thinking about selling, Compass Concierge can help you maximize your home’s value — from simple touch-ups to full remodels — all without you paying upfront for the improvements.

If you or someone you know is considering buying or selling a home—or simply has questions about the real estate market—I'm here to help. Don't hesitate to reach out or share my contact information. Consultations are always complimentary, and I'm happy to provide a straightforward, honest assessment of your options and opportunities.

In addition to residential sales, I also work with clients on commercial properties, land, development opportunities, and lease transactions, so no matter the type of real estate need, I can guide you through it.

09/15/2025

JUST LISTED!!!

Prime Commercial Land Opportunity — 30315 FM 2004, Angleton, TX 77515

🔹 Price: $650,000
🔹 Size: 5 acres
🔹 Frontage: FM 2004

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Why This Property Is Ideal:

This is a rare find: 5 acres with FM 2004 frontage in a high-visibility location. The lot is perfectly suited for a combination of a gas station + retail strip (or similar commercial uses). It sits along a major thoroughfare heavily used by the workforce commuting to and from the industrial plants in Freeport, creating consistent traffic and strong exposure.

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Market & Traffic Insights:
• Angleton’s population is growing steadily — as of mid-2024 the estimated population is about 20,979.  • The area is part of Brazoria County, which has nearly 400,000 people and continues to show demand for retail and services, particularly with new business and industrial growth in the region. 
• FM 2004 is a substantial Farm-to-Market road that connects to SH 288, serves Lake Jackson, Richwood, Liverpool, and crosses through busy industrial zones and residential communities. 
• Many people in the region commute to Freeport’s plants, and traffic counts on FM 2004 reflect its role as a connector between residential zones and job-centers.

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What Makes It Attractive:

✅ Excellent visibility
✅ High and reliable traffic flow
✅ Access to workforce commuting routes
✅ Growing community demand for retail / convenience services

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If you or someone you know is looking for a strategic commercial development site, this one deserves a look. PM me for more info, site maps, traffic counts, or to schedule a walk-through.

09/14/2025

Open House 22048 Stone Creek Ln. Montgomery, TX today 2-5pm!

09/12/2025

Super excited for my clients/friends that have this beauty under contract!!

If you or someone you know is considering buying or selling a home—or simply has questions about the real estate market—I’m here to help. Don’t hesitate to reach out or share my contact information. Consultations are always complimentary, and I’m happy to provide a straightforward, honest assessment of your options and opportunities. Compass

09/09/2025

✨ Just Listed! ✨
This stunning 1-acre home in Stone Creek, Montgomery is officially on the market! Join us for an Open House this Sunday and experience all the beauty this property has to offer.

💡 Don’t forget to ask about the Special Financing available—making this dream home more attainable than ever!

If you or someone you know is considering buying or selling a home—or simply has questions about the real estate market—I’m here to help. Don’t hesitate to reach out or share my contact information. Consultations are always complimentary, and I’m happy to provide a straightforward, honest assessment of your options and opportunities. Compass