Christopher Hiller

Keller Williams Realty Katy @ Cinco Ranch

22762 Westheimer Parkway #430
Katy, TX 77450


Cell: 832-687-6366   
Phone: (281) 220-2100 (148)
Fax: (281) 220-2101

Housing Trends

July 2010

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National market update

Pending Home Sales Drop as Expected

Washington, July 01, 2010 WASHINGTON (July 1, 2010) – Following a surge driven by the home buyer tax credit, pending home sales fell with the expiration of the deadline for qualified buyers to sign a purchase contract, according to the National Association of Realtors®. More... Read more

May Shows a Continued Strong Pace for Existing-Home Sales

Washington, June 22, 2010 Existing-home sales remained at elevated levels in May on buyer response to the tax credit, characterized by stabilizing home prices and historically low mortgage interest rates, according to the National Association of Realtors®. Gains in the West and South were offset by a decline in the Northeast; the Midwest was steady. More... Read more

National housing indicators

Existing home sales ()

5.66 million units*

Existing home median price ()

$179,600

Housing Starts ()

593,000 units*

New home sales ()

300,000*

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

National economic indicators

Home ownership

1st Qtr 10

67.1%

1st Qtr 09

67.3%

The homeownership rate in the first quarter 2010 (67.1 percent) was not statistically different from the first quarter 2009 rate (67.3 percent). In the West, the homeownership rate was lower than a year ago, while no other region showed any significant change from corresponding first quarter 2009 rates.

New home sales

May 10

-32.7%

Apr 10

+14.7%

Sales of new one-family houses in May 2010 were at a seasonally adjusted annual rate of 300,000. This is 32.7% below the revised April 2010 estimate of 446,000.

Source: U.S. CENSUS BUREAU

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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 178 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.

Christopher Hiller

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.

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Existing Home Statistics

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