Real Estate and Events in Katy TX and Surrounding Communities

Archive for the ‘housing market’ Category

Renters Spending 5% More Than Home Owners Realtor Magazine

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.

One Minute Housing Market Update

Check out this month’s local markets and trends update.  Try out the neighborhood reports.

 

One Minute Housing Market Update

 

 

 

 

HAR MLS Market Update: HOUSTON-AREA HOME SALES RISE FOR A FOURTH STRAIGHT MONTH

 

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.

Continue:  HOUSTON-AREA HOME SALES RISE FOR A FOURTH STRAIGHT MONTH

Houston Home Prices Reach a Record High in June

Houston Home Prices Reach a Record High in June  – Home sales increase for the second time this year

HOUSTON — (July 19, 2011) — Houston home sales rose for the second time this year in June, with the average price reaching an all-time high and the median price achieving the highest level in nearly two years. The sales increase reflects the slowdown in home purchases that set in a year ago following expiration of the home buyer tax credit. The credit triggered a surge in home buying during the spring of 2010 that resulted in slower sales volume during the remainder of that year.

According to the latest monthly data compiled by the Houston Association of REALTORS® (HAR), June sales of single-family homes edged up 0.6 percent versus one year earlier. That represents the first increase since January when sales volume rose 8.4 percent. The under-$80,000 segment of the market as well as homes priced from $250,000 and above experienced increased sales while the popular middle range, consisting of homes priced between $80,000 and $250,000, saw declines. Compared to June of 2009, a year with no unusual market factors such as Hurricane Ike in 2008 and the 2010 tax credit, single-family home sales were up 2.7 percent.

Continue:  via Katy Real Estate and Events Blog.

Real Estate Market Conditions – Video Update – 07/07/2011

 Here is this week’s market update. Check out the Q & A section, too.

Real Estate Market Conditions – Video Update – 7/7/2011

– NATIONAL NEWS

– MORTGAGE ADVICE

– Q & A

– GET YOUR HOME SOLD

via   HOUSTON – KATY AREA REAL ESTATE BLOG.

Housing Market Predictions 2011: Home Prices May Still Be Too High

Housing Market Predictions 2011: Home Prices May Still Be Too High “by Ilyce R. Glink

What’s the forecast for the housing market for the rest of 2011? My prediction is that the market will continue to suffer for the balance of this year and well into next year. Why aren’t home buyers buying? Maybe they’ve heard the recent spate of bad housing news:”

Why it’s Time to Buy

By RUTH SIMON and JESSICA SILVER-GREENBERG

Back in June 2006, when the housing market peaked, the prospect of a five-year national housing bust seemed unimaginable to most people. And yet here we are, with the latest Standard & Poor’s Case-Shiller index showing that prices hit new bear-market lows, falling back to 2002 levels nationally and to 1990s levels in some battered regions.

via KATY – HOUSTON AREA REAL ESTATE: Why It’s Time to Buy: http://t.co/H7icZyR

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