Check out this month’s local markets and trends update. Try out the neighborhood reports.
One Minute Housing Market Update
MLS Press Release: “HOUSTON HOME SALES RISE AGAIN IN JULY
The second consecutive monthly increase is still attributed to slower than usual home sales in 2010 following expiration of the tax credit HOUSTON — August 16, 2011 — What do you get when you compare seasonal summer home buying in a single month to the same month a year earlier shortly after a home buyer tax credit expired? If its July 2011 in Houston, Texas, its a nearly 17 percent increase in home sales. Last years third quarter slowdown in home sales continues to make this years generally typical real estate activity appear slightly more positive than it otherwise would be considered. July marked the third time in 2011 that sales volume entered positive territory. It also saw the average price of a single-family home reach its highest level for a July in Houston.”
via HOUSTON – KATY AREA REAL ESTATE BLOG.
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.
Besides the real estate outlook, check out this week’s updates about tornado relief, top towns for single moms and creative ways to curb spending – and the Q&A section.
Real Estate Market Conditions – Video Update 05/30/11
– Real Estate Outlook – Existing Home Sales Fall
– Mortgage Moment
– City Report: Tornado Relief
– Top Towns for Single Moms
– Creative Ways to Curb Spending
– Are you Ready to Buy?
– Kitchen Trends for 2011
– Home Inspections 101
– Popular Landscaping Trends
– Modern vs. Contemporary
Get Your Home Sold!