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Best September Ever for Houston Home Sales

HOUSTON – In the strongest September on record, the Houston Association of Realtors reported 6,691 single-family homes were sold in September, a 3.5 percent increase over September of last year. However, HAR reports a slight decrease in “pending sales” a statistic that indicates sales activity could be slowing. Traditionally home sales slow down in the fall, as the holiday seasons ... Read More »

Despite Oil Crash, July was Best Month Ever for Houston Home Sales

HOUSTON – July was the best month ever for home sales in Houston, despite the economic woes generated by the decline of the energy industry. Many economists had been expecting a slowdown in home sales after oil prices fell from $107 a barrel last summer to under $50 a barrel today and energy companies to laid off thousands of workers. ... 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 »

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 »

Houston Home Sale Surge Continues in July: No End in Sight to the Run

By Ralph Bivins Houston home sales increased 27 percent in July, the 14th month in a row that sales have been up, according to the Houston Association of Realtors. The momentum in the market, driven by solid job growth, is showing no signs of tapering off later in 2012. The inventory of homes for sale is dropping sharply. The Houston Association ... Read More »

National Real Estate Recovery: A Gradual Reality

By Ralph Bivins ANAHEIM, Calif. — The nation’s residential realty market is improving, but it may be two or three years or so until the market is completely healthy again, according to Lawrence Yun, chief economist of the National Association of Realtors. Existing-home sales are forecast to increase about 1 percent in 2011, and then rise another 4 to 5 ... Read More »

Houston Home Sales Continue Major Upward Swing

 By Ralph Bivins HOUSTON – Houston’s existing home sales rose 9.1 percent in October compared to a year ago, extending a string of strong sales totals, Houston Association of Realtors reported Wednesday. Sales increases have been reported five months in a row. Houston’s inventory of homes for sale dropped sharply. A total of 46,674 properties were listed for sale, a ... Read More »

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