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The Best October in Houston Real Estate History, Realtors Say

HOUSTON – (Realty News Report) – Houston home sales continued their Fall surge in October as 7,231 homes were sold, an 8.1 percent increase over October of last year. October of 2019 was the best October ever for Houston Realtors. And it followed the strongest September on record. It’s a lock: 2019 will be the strongest year ever for  Houston ... Read More »

NAR’s Chief Economist Speaks Out: On Recession Possibilities; Mortgage Rates; and a Texas Hot Spot

SAN FRANCISCO – (Realty News Report) – Houston is doing surprisingly well even after Hurricane Harvey, reports the chief economist of the National Association of Realtors. “It (Houston) is one of the better markets in the country with rising home sales and rising home prices,” added economist Lawrence Yun. Speaking at NAR’s Residential Economic Issues & Trends Forum at the ... Read More »

Realtors: 2016 Will Be The Best Year for Home Sales in a Decade

ORLANDO, Fla. – The market for existing homes sales is healthy and 2016 will be the best year for home sales in a decade when the final sales totals are recorded, said Lawrence Yun, chief economist of the National Association of Realtors, in a speech Friday at the annual Realtors conference in Orlando. Yun said he expects existing home sales ... Read More »

2017 Economic Growth Expected to be 2 percent, Fed Official Tells Realtors

ORLANDO, Fla. — U.S. economic growth – which is likely be below 2 percent this year because expansion in the first half was weak, only growing at an annual rate of 1.1 percent through June — is expected to be 2 percent next year, a top Fed official said Friday. “I expect the fourth quarter and 2017 to be consistent ... 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 »

Condos are a Hot Commodity with Texas Homebuyers

(By Dale King) AUSTIN — Condominium sales in Texas’ major metro areas increased during the first half of 2016 as baby boomers, retirees and millennials discovered revived downtown areas where workplaces, restaurants, shopping opportunities and entertainment spots have re-staked their claims, says the Condominium Mid-Year Sales Report released by the Texas Association of Realtors. Austin, Dallas, Houston and San Antonio ... Read More »

Rising Mortgage Rates Will Restrain Housing Market Gains in 2016

SAN DIEGO – The nation’s home sales will show an uptick next year, although the progress will be impeded by rising mortgage rates, the chief economist of the National Association of Realtors told real estate agents at the organization’s annual convention in San Diego on Friday. “Another year of stronger housing demand and sales will be driven by increasing consumer ... Read More »

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