Martha White

Heritage Texas Properties

14340 Memorial Drive
Houston, TX 77079


Cell: 713-825-6295   
Phone: 281-493-3880 (1956)
Fax: 281-493-0003

Housing Trends

June 2013

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National market update

Existing-Home Sales Rise in May with Strong Price Increases

WASHINGTON (June 20, 2013) – Existing-home sales improved in May and remain solidly above a year ago, while the median price continued to rise by double-digit rates from a year earlier, according to the National Association of Realtors®.
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Pending Home Sales Edge Up

WASHINGTON (May 30, 2013) – Pending home sales improved slightly in April and continue to be well above a year ago, according to the National Association of Realtors®.
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National housing indicators

Existing home sales ()

5.18 million units*

Existing home median price ()

$208,000

Housing Starts ()

914,000 units*

New home sales ()

454,000 units (April)*

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

National economic indicators

Home ownership

1st Qtr 13

65.0%

1st Qtr 12

65.4%

The homeownership rate in the first quarter 2013 (65.0 percent) was lower than the first quarter 2012 rate (65.4 percent). The homeownership rate in the South was lower than the corresponding first quarter 2012 rate, while the rates in the Northeast, Midwest, and West were not statistically different from the rates a year ago.

New home sales

May 13

+2.1%

Apr 13

+3.3%

Sales of new single-family houses in May 2013 were at a seasonally adjusted annual rate of 476,000. This is 2.1 percent (+/- 16.6%)* above the revised April 2013 estimate of 466,000.

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 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.

Martha White

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

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What Homeowners’ Insurance Discounts Are You Missing?

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Existing Home Statistics

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