Archive for the ‘housing market’ Category
See the 10 tips for sellers in the Mortgage Advice section.
Real Estate Market Conditions Video Update 01/16/2012
Real Estate Outlook: More Markets Show Measurable Improvement
City Report: Forbearance
Green Living: Tips for the New Year
Real Estate Outlook: Mortgage Applications Down
City Report: Remodeling Pays
10 Tips for Sellers
Buyers: Making the Right Choice
Ready to Buy?
How to Sidestep the Spread of Mortgage Fraud
The Joys of Home Ownership
GET YOUR HOME SOLD!
Why Show / Why Buy Webcast
Texas is No. 3 with 9 percent of home purchases attributed to foreign residents. The most homebuyers came from Mexico, India, Vietnam, China and the Philippines.
Prudential Gary Greene Blog: “It has been so refreshing for the last few months to review the overall Houston market activity and see all the metrics in a good position and getting better. October single-family home sales were up 9% which helped strengthen an upward trend.
Year-to-date, home sales are up 3% [as was the case in September] with 45,096 MLS recorded home sales. Homes are showing a resiliency in value – the median price of a home in Houston year-to-date is $154,890 and that’s 1% above the median price last year. Probably the most encouraging market stat at the conclusion of October 2011 is pending sales. Pending sales are contracts written that are scheduled to close in the near future.”
Continue here. See a snapshot view of statistics on the Houston housing market through October 2011:
Here is the current real estate market conditions video update: Katy Real Estate and Events Blog.
NATIONAL NEWS: Real Estate Outlook: Pending Sales Decline; Mortgage Moment; City Report: Types of Buyers; 5 Great Things about Home Ownership; Bankruptcy – a Financial Bailout?
Q&A: Ready to Buy? How to Buystep the Spread of Mortgage Fraud; The Joys of Ownership; Choosing a Condo; Tips for Saving
GET YOUR HOME SOLD! Why Show / Why Buy Webcast
Freddie Mac calls for 100 billion in annual multifamily investment
“The head of Freddie Macs multifamily division projects that the asset class needs 1 trillion in capital over the next decade. That is 100 billion every year earmarked to build 10 million additional apartment units over the next 10 years. David Brickman, senior vice president of the government-sponsored enterprises multifamily division, said financially stressed households will be forced into rental markets, only to compete with new households who are unwilling to buy.”In fact, the decline in the homeownership rate has been sharpest for those household heads under 30 years of age,” writes Brickman in a Freddie Mac blog post. “For every 1% that the current homeownership level of 66% decreases, 1 million individuals become renters.””
According to the Daily Real Estate News recently, renters are outspending home owners on housing costs.
“In the last 26 years, home owners have increased the amount they spend on household expenses by 12 percent while renters have increased it by 22 percent, according to the study.”
Read more: via Katy Real Estate and Events Blog.
Average and median prices reach September highs; market on “strong footing”
HOUSTON — (October 18, 2011) — Houston temperatures finally cooled a bit in September, but home sales remained hot. Sales of single-family homes climbed nearly 17 percent when compared to one year earlier and accounted for the fourth consecutive month of increased sales volume. The prices of those homes achieved all-time highs for a September in Houston. In addition, months inventory fell to the lowest level since May 2010 while pending sales rose and active listings declined. All are considered signs of a healthy and balanced housing market as the fall season gets underway.