Karen Smith

United Texas Realtors

170000 El Camino Real Suite 107
Houston, TX 77058


Cell: 281-932-6911   
Phone: (281) 932-6911 
Fax: 281-754-4356

Housing Trends

November2009

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National market update

Pending Home Sales Rise for Record Eight Straight Months

Washington, November 02, 2009 Pending home sales rose again, marking eight consecutive monthly gains – the longest streak since measurement began in 2001, according to the National Association of Realtors®. More... Read more

NAR Commends Congressional Action to Extend Higher Mortgage Loan Limits

Washington, October 30, 2009 The resolution would extend the present loan limits for FHA, Fannie and Freddie through the 2010 calendar year at 125 percent of local median home sales prices, up to a maximum of $729,750 in high-cost areas. The floor for FHA is $271,050; the floor for Fannie Mae and Freddie Mac conforming loan limits is $417,000. More... Read more

Housing Tax Credit Working, So Keep Momentum Going, NAR Urges Congress

Washington, October 20, 2009 Consumers are just starting to see the first glimmers of a bright future for the housing market and the overall economy. It’s up to Congress to make that glimmer a reality by building on the momentum created by the $8,000 home buyer tax credit. More... Read more

National housing indicators

Existing home sales (September 2009)

5.57 million units*

Existing home median price (September 2009)

$174,900

Housing Starts (September 2009)

590,000 units*

New home sales (September 2009)

402,000 units*

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

National economic indicators

Home ownership

3rd Qtr 09

67.6%

3rd Qtr 08

67.9%

The homeownership rate (67.6 percent) for the current quarter was not statistically different from the third quarter 2008 rate (67.9 percent) or from last quarter's rate (67.4 percent).

New home sales

Sept 09

-3.6%

Aug 09

+1.0%

Sales of new one-family houses in September 2009 were at a seasonally adjusted annual rate of 402,000. This is 3.6% below the revised August 2009 estimate of 417,000.

Source: U.S. CENSUS BUREAU

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Regional market updates

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Click on the links below to view data from two different industry sources. Choose information on local prices & state sales from any of 150 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.

Karen Smith

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.

Consumer tips & hot properties

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Selling Your Home? Most-Value, Quick-Fix Updates

With home prices down across most of the country, home sellers can’t afford to make mistakes when getting their home ready to list. What are the 4 best updates for owners who are tight on cash? More...
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New Credit Card Legislation to Affect All

Unless you’re one of the few Americans who doesn’t use credit cards, you’ll see some big changes on Feb. 22, 2010. Learn how provisions of the Credit Card Act of 2009 will affect the way you receive credit and interact with your credit-card issuer. More...
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Sports Fans Live Here

Football season is in full force and fans are cheering for their professional and college teams all over the country. But where are the best cities for fans of football … and basketball, hockey, baseball and more? More... Read more

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Always Wanted to Live in a Mansion? Now You Can!

Have you been eyeing certain properties with gorgeous views, sprawling grounds, 5+ bedrooms? Check with your Realtor because the recession has slashed prices. It's time to buy your dream mansion. More... Read more

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How to Select a Storage Facility

There will be a time in your life when you need offsite storage for some or all of your household items. Learn what to look for when choosing a facility to keep your belongings safe and secure. More...
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Existing Home Statistics

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