pearland housing market: Economic Summary from Bank of America - 03/03/11 04:44 PM

 
I receive a weekly Economic Summary from a local mortgage broker from Bank of America, Russell Preston. The last one I received had some interesting information for the home market as it relates to the status of our economy, so I thought I's share it with my fellow Realtors! Here's what it said:
In early November, when home loan rates hovered around all time lows, the Fed announced their plan to purchase $600 billion in treasuries through mid-2011. Dubbed Quantitative Easing 2 (QE2), the Fed had three goals:
1. Boost stock prices
2. Lower unemployment
3. Create inflation
After … (0 comments)

pearland housing market: January Marks Houston's First Increase in Home Sales in Seven Months - 02/16/11 09:32 AM

On February 15, 2011, The Houston Association of Realtors posted their MLS Report for 2011.  The report stated that the Houston Housing market in January had active gains!
The Houston's housing market in January recorded the first increase in property sales since June 2010. Pricing also heated up in the first month of the new year, with the average price of single-family homes reaching the highest level ever for a January in Houston.
January sales of single-family homes throughout the Houston market rose 7.5 percent when compared to January 2010. Positive activity was recorded in all segments of the housing … (0 comments)

pearland housing market: Housing Trends eNewsletter - 10/20/10 04:44 PM
OCTOBER - 2010 Newsletter Housing Trends eNewsletter Welcome to the most current Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general.
The Housing Trends eNewsletter contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau and Realtor.org reports, videos, key market indicators and real estate sales statistics, a video message by a nationally recognized economist, maps, mortgage rates and calculators, consumer articles, plus … (0 comments)

pearland housing market: Housing Trends eNewsletter - 09/24/10 07:50 AM
SEPTEMBER - 2010 Newsletter Housing Trends eNewsletter Welcome to the most current Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general.
The Housing Trends eNewsletter contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau and Realtor.org reports, videos, key market indicators and real estate sales statistics, a video message by a nationally recognized economist, maps, mortgage rates and calculators, consumer articles, plus … (2 comments)

pearland housing market: Housing Market Report - 07/25/10 06:16 PM
JULY 2010 Newsletter Housing Trends eNewsletter Welcome to the most current Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general.
The Housing Trends eNewsletter contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau and Realtor.org reports, videos, key market indicators and real estate sales statistics, a video message by a nationally recognized economist, maps, mortgage rates and calculators, consumer articles, plus local … (0 comments)

pearland housing market: Pearland Housing Market Still Strong - 04/06/10 03:11 PM
 

 Pearland Housing Market
The other day I was reading an article, "Economic Armegeddon Weighs on Area Property Sales,"put out by the Houston Association of Realtors (HAR).  It stated that property sales in February fell "a whopping 26 percent compared to the same period last year."  The article also stated that the sales of foreclosed properties, which usually sell well below market value, made up 28 percent of all sales and dragged down both average and median prices. 
Furthermore, the article grimly forcated that we would see more of the same in March with pending sales and active listings way … (1 comments)