Tuesday, August 14, 2018

HOUSTON REAL ESTATE MARKET - JULY 2018 JAMES POTENZA


National housing indicators

Existing home sales (June)

5.38 millions units*

Existing home median price (June)

$276,900

Housing Starts (June)

1.173 millions units*

New home sales (May)

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

National economic indicators

Home ownership

1st Quarter 2018

64.2%

2nd Quarter 201

64.3%
The homeownership rate of 64.3 percent was not statistically different from the rate in the second quarter 2017 (63.7 percent) nor from the rate in the first quarter 2018 (64.2 percent).

New home sales

April 2018

-1.5%

May 2018

+6.7%
Sales of new single-family houses in May 2018 were at a seasonally adjusted annual rate of 689,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 6.7 percent (±14.1 percent)* above the revised April rate of 646,000 and is 14.1 percent (±19.9 percent)* above the May 2017 estimate of 604,000.
Source: U.S. CENSUS BUREAU

How much is your home worth? Get a real-time report on the value of your home. Start now

Regional market updates

View market statistics for your region.

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.

Local Prices & State Sales

Local Sales & Price Activity

James Potenza, ABR,EBA

Home Ownership matters…to people, to communities, and to America. Why? • For every two homes sold, one job is created in the U.S. • Each purchase generates as much as $60,000 in economic activity over time. Read more
Buying is now cheaper than renting in 74 percent of the nation’s largest cities. Low home prices and “rock-bottom” interest rates as well as tax advantages of homeownership are the reasons why it’s now cheaper to BUY a 2-bdrm home than to rent one. Check out this CNN Money article with the details. Read more
Disclaimer: The views, opinions, statements and/or ideas expressed in this Message Section do not reflect the ideas, policy, position, views or opinion of Move,Inc.

Consumer tips & hot properties

Image

Sellers Win Big in America’s Most Profitable Housing Markets

A home is an investment—and you want your investment to pay off, right? These are the real estate markets where home sellers are walking away with the biggest profits.



Read more
Image

Should You Move or Improve? Here’s How to Decide

Your home isn’t meeting your needs—but should you renovate what you’ve got, or start all over again? Consider these scenarios.



Read more
Image

7 Things in Your Kitchen That Are Grossing Out Potential Buyers

Buyers tend to zero in on the kitchen when touring a home for sale—and these things could make them run out the door.



Read more
Image

Beat the Crowds! How to Buy a House Before It Officially Hits the Market

If you’re house-hunting in a hot market, take a few hints from the pros on how to get a jump on the competition.



Read more
Image

Retro Restrooms: These 7 Vintage Bathroom Design Trends Are Making a Comeback

These days, the hottest way to give your bathroom a new look is to make it look old. Go ahead—try these vintage bathroom design trends on for size.



Read more

Existing Home Statistics

View statistics based on national data, regional data and data gathered from 159 cities & metropolitan areas.

National Statistics

Statistics by City or Metropolitan Area

Regional Statistics

Source: NATIONAL ASSOCIATION OF REALTORS®.
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)