Bridget Martin

Heritage Texas Properties - Royal Oaks

11689 Westheimer, Ste. C
Houston, TX 77077


Cell: 8326562472   
Phone: (832) 656-2472 
Fax: (281) 679-0909

Housing Trends

June 2010

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National market update

Pending Home Sales Surge Continuing

Washington, June 02, 2010 Pending home sales have risen for three consecutive months, reflecting the broad impact of the home buyer tax credit and favorable housing affordability conditions, according to the National Association of Realtors®. More...
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Existing-Home Sales Continue to Improve in April

WASHINGTON (May 24, 2010) – Existing-home sales rose again in April with buyers motivated by the tax credit, improving consumer confidence and favorable affordability conditions, according to the National Association of Realtors®. More... Read more

National housing indicators

Existing home sales ()

5.77 million units*

Existing home median price ()

$173,100

Housing Starts ()

672,000 units*

New home sales ()

504,000 units*

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

National economic indicators

Home ownership

1st Qtr 10

67.1%

1st Qtr 09

67.3%

The homeownership rate in the first quarter 2010 (67.1 percent) was not statistically different from the first quarter 2009 rate (67.3 percent). In the West, the homeownership rate was lower than a year ago, while no other region showed any significant change from corresponding first quarter 2009 rates.

New home sales

Apr 10

+14.8%

Mar 10

+29.9%

Sales of new one-family houses in April 2010 were at a seasonally adjusted annual rate of 504,000. This is 14.8% above the revised March 2010 estimate of 439,000.

Source: U.S. CENSUS BUREAU

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Regional market updates

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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.

Bridget Martin

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.

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Existing Home Statistics

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