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Houston Realtors: Best April Ever for Home Sales

HOUSTON – (By Michelle Leigh Smith for Realty News Report) – April 2019 was the strongest April ever for Houston home sales as 7,586 single-family homes were sold, according to the Houston Association of Realtors. The April sales total represented a 7.8 percent increase  over April of 2018, the association said. “April sales are historically strong in Houston because buyers ... Read More »

Is Houston Heading for a Record Year in Home Sales?

HOUSTON — The Houston residential real estate market, defying the weak job growth in the local economy, is outpacing the sales pace of 2015. Although sales were off in July, on a year-to-date basis, home sales are still up about one percent compared to this point in 2015, according to the Houston Association of Realtors. According to the latest monthly ... Read More »

Houston Housing Market Ekes Out a 2.2 Percent Gain, the First Since Sept.

HOUSTON — The Houston real estate market eked out a 2.2 percent gain in single-family home sales in February, the first gain since in sales volume since September of last year, the Houston Association of Realtors reported Wednesday. The association reported that the softness in the Houston market appears to be focused on the upper-end homes. Single-family homes priced between ... Read More »

Houston Home Sales Down 2 Percent in January

HOUSTON — Houston home sales were down 2 percent in January, compared to January of last year, despite a sluggish local economy, reports the Houston Association of Realtors reports. January single-family home sales were down 2.1 percent versus January 2015 with a total of 4,024 sales compared to 4,109 a year earlier, HAR reported. Homes in the upper-price brackets showed ... Read More »

A Mild Dip Ahead for Houston in 2016: Q&A with Dr. Ted C. Jones of Stewart Title

With oil prices continuing on a downward spiral, how will Houston residential real estate fare?  Will home prices plunge? Stay steady? Increase a little? What about home sales?  Coming off two record years, will Houston see a dramatic drop in single-family transactions?  To find out what may be in store on the Space City home front, Realty News Report talked ... Read More »

The Impact of Low Oil Prices on Houston Single-Family: Q&A with Mario Arriaga, 2016 Chairman Houston Assn. of Realtors

HOUSTON – With oil prices on an almost daily decline, these are trying times to be in the real estate business. The Houston real estate market has changed, as has the city’s number one industry – energy.  Falling from more than $100 a barrel to less than a third that amount today, the price of oil is hitting low prices not seen ... Read More »

Falling Prices Hurt Houston Home Sales, But 2015 was the Second-Best Year Ever

HOUSTON – Last year was second-best year for home sales Houston, where a decline in the energy industry has battered the region’s economy in recent months. According to the Houston Association of Realtors, 73,724 single-family homes were sold last year, down 2.4 percent from the 75,535 homes sold in 2014. Inventories had been tight and Houston’s job growth had been exceptionally ... Read More »

Best August Ever for Houston Home Sales, Despite Last Month’s Plunging Oil Prices

HOUSTON – The Houston Association of Realtors reported 7,454 single-family homes were sold last month – the best August on record and the eighth best month ever for the city’s housing market. Sales so far this year indicate that homes are selling at the nearly same pace as last year –an impressive rate considering that 2014 was the best year ... Read More »

Houston Home Prices Hit an All-Time High

HOUSTON – Houston home prices have reached an all-time high as the median home price hit $233,000 in May, the Houston Association of Realtors reported. The low inventory of homes for sale has driven Houston home prices upward sharply for the last two years. The median price – the midpoint where half the homes for more and half for less ... Read More »

Best April Ever for Home Sales in Houston, Despite Energy Gloom

HOUSTON – Last month was the strongest April ever for home sales in Houston, despite a downturn in the energy industry, which has prompted local economists to issue gloomy forecasts. But so far, local housing continues to outperform in 2015. Houston recorded the strongest April ever with record-high prices and a record number of homes sold for an April, according ... Read More »

Home Sales in Houston Up 3.8 Percent in March

HOUSTON – Home sales in Houston were strong in March, as a downturn in the energy industry failed to inflict serious damage to the housing market. In March, 6,232 single-family homes were sold in the Houston area, up 3.8 percent from the 6,005 homes sold in March of last year, the Houston Association of Realtors reported. “At the first of ... Read More »

Lower Oil Prices Mean Lower Home Sales in Houston, Realtors Say

HOUSTON – Houston home sales dropped 5.8 percent in February as declining energy market impacted residential sales, the Houston Association of Realtors reported. The Houston Realtors organization placed the blame for February’s sales decline on “falling oil prices and related layoffs, limited housing inventory, and rising home prices.” HAR said 4,521 houses were sold in February, down from 4,798 in ... Read More »

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