Margie Dorrance

Keller Williams Realty Houston Metropolitan

550 Post Oak Blvd. #350
Houston, TX 77027


Cell: (713) 557-5838   
Phone: (713) 621-8001 (2239)
Fax: (713) 621-8048

Housing Trends

November 2010

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National market update

NAR Home Buyer and Seller Survey Shows Value of Long-Term Home Ownership

New Orleans, November 05, 2010 - Home buyers today have affirmed a long-term view of home ownership, the typical seller is experiencing positive returns and the vast majority of home owners see their property as a good investment. More... Read more

Pending Home Sales Slip but Modest Recovery Expected in 2011

New Orleans, November 05, 2010 - Pending home sales retreated after two monthly gains, signaling an uneven recovery entering 2011 with some near-term disruptions from the foreclosure moratorium, according to the National Association of Realtors®. More... Read more

September Existing-Home Sales Show Another Strong Gain

Washington, October 25, 2010 - Existing-home sales rose again in September, affirming that a sales recovery has begun, according to the National Association of Realtors®. More... Read more

National housing indicators

Existing home sales ()

4.53 million units*

Existing home median price ()

$171,700

Housing Starts ()

610,000 units*

New home sales ()

307,000 units*

*Seasonally adjusted annual rate. Source: NATIONAL ASSOCIATION OF REALTORS®.

National economic indicators

Home ownership

3rd Qtr 10

66.9%

3rd Qtr 09

67.6%

The homeownership rate in the third quarter 2010 (66.9 percent) was lower than the third quarter 2009 rate (67.6 percent). In the South and West, the homeownership rates were lower than a year ago, while the Northeast and Midwest showed no significant change from corresponding third quarter 2009 rates.

New home sales

Sept 10

+6.6%

Aug 10

+1.1%

Sales of new one-family houses in September 2010 were at a seasonally adjusted annual rate of 307,000. This is 6.6 percent above the revised August 2010 estimate of 288,000.

Source: U.S. CENSUS BUREAU

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Click on the links below to view data from two different industry sources. Choose information on local prices & state sales from any of 178 metropolitan housing markets prepared by the National Association of REALTORS® or information on sales & price activity from local area markets in 25 states prepared by Clarus MarketMetrics.

Margie Dorrance

“Both buyers & sellers are reaping the benefits of extremely healthy & robust real estate climate in Houston, driven largely by continued job gains that have been responsible for drawing many new consumers to this market.” Ask me about the lowest interest rates in history how some sellers are receiving the full asking price for their homes.

Houston Real Estate Milestones in May 2012. Volume of single-family home sales jumped 23.8 percent, marking the greatest monthly increase since August 2011 and accounting for the market’s 12th consecutive monthly increase. At $237,083, the single-family home average price reached an historic high for Houston. Call to discuss value of your home.

Houston home shoppers went on a buying spree in May, sending sales volume and pricing through the roof and accounting for the 12th consecutive month of positive sales. Average and median prices broke records while volume of sales reached the highest level since June 2008. Local housing inventory is now at its lowest level in more than five years. Read more

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Existing Home Statistics

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