HOUSTON REAL ESTATE MARKET REPORT July 2018

By
Real Estate Agent with Texas Buyer Realty LLC 536837

James Potenza, ABR,EBA

Texas Buyer Realty LLC - Potenza Team 

11200 Broadway Suite 2743
Pearland, TX 77584


Cell: 8323726388    
Phone: (832) 372-6388 

Housing Trends

July 2018

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Neighborhood reports

Market Snapshot

Get a detailed report showing market trends in your neighborhood, including recent listings, sales prices and average time on market.

National market update

Existing-Home Sales Subside 0.6 Percent in June Share

WASHINGTON (July 23, 2018) — Existing-home sales decreased for the third straight month in June, as declines in the South and West exceeded sales gains in the Northeast and Midwest, according to the National Association of Realtors®. The ongoing supply and demand imbalance helped push June’s median sales price to a new all-time high.

 

National housing indicators

Existing home sales (June)

5.38 millions units*

Existing home median price (June)

$276,900

Housing Starts (June)

1.173 millions units*

New home sales (May)

0.689 millions units*

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

National economic indicators

Home ownership

1st Quarter 2018

64.2%

2nd Quarter 201

64.3%

 

The homeownership rate of 64.3 percent was not statistically different from the rate in the second quarter 2017 (63.7 percent) nor from the rate in the first quarter 2018 (64.2 percent).

New home sales

April 2018

-1.5%

May 2018

+6.7%

 

Sales of new single-family houses in May 2018 were at a seasonally adjusted annual rate of 689,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 6.7 percent (±14.1 percent)* above the revised April rate of 646,000 and is 14.1 percent (±19.9 percent)* above the May 2017 estimate of 604,000.

Source: U.S. CENSUS BUREAU

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Regional market updates

View market statistics for your region.

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.

James Potenza, ABR,EBA

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

View statistics based on national data, regional data and data gathered from 159 cities & metropolitan areas.

 







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