Real estate in Houston, Texas
The second quarter of 2009 shows the market adjusting with declines in the number of sales and active listings from the same time in 2008, presenting a balanced supply of housing. With a balanced supply, comes stable pricing. In June the mediam price for a single-family home reached a record high of $164,500. [...]
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The sales from the first quarter of 2009 still show a decline from the first quarter of 2008. Closed sales totaled 3240 in January, 3995 in February and 5022 in March. Compared to the total sales for the first quarter of 2008, the 2009 figures are off 23.3 percent. As [...]
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Sales data from the Houston Assn of Realtors shows that sales of single-family homes dropped to a total of around 2,800 for January 2009 and the average price also dropped to around $164,000. The highest total for single-family sales in the month of January was in 2007 when the total was 4,017. That was up [...]
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According to the recent press release from the Houston Assn of Realtors, property sales in the Houston area declined further in September, due largely to the widespred devastation caused by Hurricane Ike and the resulting interruption to many real estate transactions.
As in previous months, the average price of a single-family home held its ground. In fact the [...]
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A little bit of good news. New home sales across the country increased 2.7% in september. It’s too early to say if this is a trend, but it is good to see positive news. Overall new home sales had been down 33% for the year. Builders have been making some progress in moving out the [...]
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Just a quick note here to remind you that it’s a great buyer’s market in many places and now may be the best chance to buy low and sell high later on.
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With another decline in total sales, it appears that many home buyers are sitting on the sideline waiting to see what happens in the economy, mortgage rates and maybe even the election in November.
The results for August 2008 from the Houston Assn of Realtors show the month’s total sales as 6,641 of all property types. [...]
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In recent posts, I have focused on the disparity of the Houston real estate market with the declining sales and rising sales price. A report from KHOU TV further demonstrates that disparity of many foreclosures in certain neighborhoods and increasing prices in others. You can view that report at the following link.
http://www.khou.com/video/index.html?nvid=276836&shu=1
Filed under: Buying, Home Sales, Investing, Mortgage and Lending, Relocation, Selling by Dwight's Real Estate Update
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In July 2008, the sales of all of the property types (being single-family homes, condos, vacant lots, etc.) totaled 7,052, which was 12.7 percent less than the same sales for July 2007. The total dollar volume was down 6.7 percent from July 2007. The July 2008 dollar volume was $1.5 bilion vs. the $1.6 billion [...]
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The average price of a single-family home in the Houston market has now reached a new high of $228, 448 according to the sales stats for the month of June 2008 from the Houston Assn of Realtors(HAR). However and once again, we had a month of declining sales. Sales of single-family homes was down 15% vs. [...]
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