The Houston Market saw the fifth consecutive month of comparable sales declines for single family homes, according to the November Multiple Listing Service Market Update by the Houston Association of REALTORS ® (HAR). The market was down 22 percent in unit sales in November versus the same month last year. Meanwhile, Houston home prices Continue reading
Category: Recent Real Estate Market Reports
Local Home Sales Decline, While Prices Climb
Local Home Sales Decline, While Prices Climb Houston Association of REALTORS® (HAR) Releases October Market Update Sales of existing single family homes declined across all areas of Northeast Houston for the second consecutive month, according to the Multiple Listing Service Market Update released by the Houston Association of Realtors (HAR). The number of homes sold Continue reading
Northeast Houston Home Prices Rise in September
Houston Association of Realtors Releases Market Update While sales of homes in Northeast Houston declined in September, home prices in the area saw a nice uptick for the month, according to the Multiple Listing Service Market Update released by the Houston Association of Realtors (HAR). The drop in single family home sales in Northeast Houston Continue reading
Northeast Houston Home Sales Shine in August
Northeast Houston was a bright spot in the Houston housing market in August, according to the Multiple Listing Service Market Update released by the Houston Association of Realtors (HAR).
Home buyers took advantage of a good selection of homes on the market to pump up single family home sales in August in both HAR Area 32 (Kingwood) and Area 40 (Montgomery County Southeast). The Kingwood area recorded 106 single family homes sold in August, up 12.7 percent versus last year. In Montgomery County Southeast, 37 homes were sold in August, a 23.3 percent gain.
Area Home Sales Cool Down in July As Homebuyer Tax Credit Expires Houston
Sales of single family homes in Houston fell sharply in July after an artificial boost due to the federal tax credit came to a close.
Following four consecutive months of comparable sales gains, the Houston market sold 25 percent less single family homes in July 2010 than July 2009, according to the Multiple Listing Service Market Update released by the Houston Association of Realtors (HAR).
The same trend occurred in two areas of northeast Houston. Single family home sales in HAR Area #1 (Atascocita/Humble) and Area #32 (Kingwood) were down 27 percent and 31 percent, respectively, in July.
Houston Association of Realtors (HAR) Releases June Market Update
During the month of June, sales of single family homes in northeast Houston varied widely versus the Houston market overall, according to the Multiple Listing Service Market Update released by the Houston Association of Realtors (HAR). While the Houston market had a three percent gain in single family homes sold over last year, HAR Area #1 (Atascocita/Humble) declined 11 percent, HAR Area #40 (Montgomery County Southwest) increased by 18 percent and Area #32 (Kingwood) was flat with exactly the same number of homes sold in June 2010 as in June 2009.
Keller Williams Realty Ranks Second in HBJ Report
The Houston Business Journal reported in its June 25 issue that Keller Williams Realty is the second largest Houston-area residential real estate brokerage firm for 2009 based on both closed transactions and volume of closed sales. The results take into account the combined figures for six Keller Williams offices: Northeast, The Woodlands, Professionals, Magnolia, Sterling Ridge and Livingston.
Houston Association of Realtors Releases May Housing Report
In May, single family home sales in northeast Houston rose for the third straight month in response to record-low mortgage rates and the lingering effects of the federal home buyers’ tax credit, according to the Houston Association of Realtors (HAR).
The HAR monthly report for May showed a 22 percent gain versus last year in home sales in both HAR Area #1 (Atascocita/Humble) and Area #32 (Kingwood). HAR Area #40 (Montgomery County Southwest) was up 14 percent, slightly behind the Houston market overall which sold 19 percent more single family homes sold than last year.
“The homebuyer tax credit was a real shot in
Mortgage Rates See Record Lows
The Mortgage Bankers Association reports that most customers are taking advantage of the low rates to refinance their current loans.
There are two primary reasons to refinance a mortgage: to get a better interest rate or to secure cash from a home’s equity. Correspondingly, the demand for loans to purchase a home is down after a busy spring due in part to the expiration of the federal home buyers tax credit on April 30.
HAR Releases April Housing Report
Fueled by the April 30 contract deadline for the federal home buyer’s tax credit, area home sales saw huge gains in April versus a year ago. The Houston market overall had 26.7 percent more single family homes sold in April versus last year.
Two local HAR areas did better than the market. In the Kingwood area (HAR #32), one hundred single family homes were sold during the month – a 29.9% increase.
Montgomery County