Archive April 2010
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Houston Real Estate Milestones in February
•The average price of a single-family home appreciated for a fifth straight month, by 12.3 percent, to $203,271;
•The median price of a single-family home rose for the tenth consecutive month, by 6.5 percent, to $147,000;
•6.3 months inventory of single-family homes compares favorably to the national average of 7.8 months;
•Townhouse/condominium sales rose 8.9 percent;
•Total dollar volume grew 5.1 percent, reaching $747 million.
Mark Fuller is a leading real estate professional specializing in Luxury Homes In Houston Texas.
Townhouse/Condominium Update
The number of townhouses and condominiums that sold in February rose 8.9 percent compared to one year earlier.Read all of Townhouse/Condominium Update
Single-Family Homes Update
February sales of all single-family homes in Houston totaled 3,251, down 5.8 percent from February 2009. This is the Houston market’s third consecutive monthly decline in sales.Read all of Single-Family Homes Update
February Monthly Market Comparison
The month of February brought Houston’s overall housing market mixed results when all listing categories are compared to February of 2009. Total property sales declined while total dollar volume and both median and average single-family home sales prices rose on a year-over-year basis.Read all of February Monthly Market Comparison
February Brings Robust Sales Activity to Upper Segments of the Houston Real Estate Market
HOUSTON — (March 16, 2010) — The Houston real estate market completed the second month of 2010 showing continued vitality in home prices, thanks to robust sales activity in the upper housing segments. Overall February sales of single-family homes across the greater Houston area slid 5.8 percent compared to February 2009, according to the latest monthly data compiled by the Houston Association of REALTORS® (HAR). When broken out by segment, however, sales of single-family homes priced from $250,000 and above recorded double-digit gains. Sales of all property types declined 7.4 percent in February on a year-over-year basis.Houston, Dallas on the grow
Houston and the Dallas-Fort Worth area received the largest influx of residents in the country in 2009, according to the US Census Bureau.Read all of Houston, Dallas on the grow
Robust sales in Houston homes over $250k
The Houston real estate market completed the second month of 2010 showing continued strength in home prices, thanks to robust sales activity in the upper housing segments.Read all of Robust sales in Houston homes over $250k
Super low interest rates expected to end very soon
A recent report in the the Patriot Ledger echoed a sentiment lenders and economists have been predicting for months: with the end of a federal initiative to buy up mortgage-backed securities, interest rates will be moving up and away from their super low rates very soon.Read all of Super low interest rates expected to end very soon
Home Buyer Tax Credit ends in April 2010
Under the Extended Home Buyer Tax Credit, which became effective on November 7, 2009, single buyers with incomes up to $125,000 and married couples with incomes up to $225,000 — are able to receive the maximum tax credits of $8,000 for first time buyers and $6,500 for repeat buyers.Read all of Home Buyer Tax Credit ends in April 2010
