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