Sam Orlando
First Texas Realty
281-222-1005
 
2202 Avenue I, Rosenberg, TX 77471     Phone: (281) 344-0007 (301)    Fax: 281-341-5653   
APRIL 2009 Newsletter
Housing Trends eNewsletter is filled with local and national real estate sales and price activity provided by MLSs and the National Association of Realtors, U.S. Census Bureau key market indicators, housing market video reports, blogs, real estate glossary, maps, mortgage rates and calculators, consumer articles, and information on 50,000 neighborhoods.
*Prepared by National Association of REALTORS®
**Prepared by Clarus MarketMetrics
Daily Real Estate Market Outlook
Economists' Commentaries provide an in-depth look at trends and current news related to housing and the real estate market.   Click here
What’s New
National Real Estate Market
Existing-Home Sales Rise In February
WASHINGTON , March 23, 2009 - Existing-home sales increased in February, reversing losses in January. Even so, sales activity remains relatively soft, reflecting additional layoffs and buyers waiting for housing provisions in the economic stimulus package to take effect, according to the National Association of Realtors®. More...
Gain Seen In Pending Home Sales, Housing Affordability Sets New Record
WASHINGTON, April 01, 2009 Pending home sales have edged up, hinting at a possible pickup of sales activity in coming months, according to the National Association of Realtors®. More...
Pending Home Sales Down but Housing Affordability at Record
WASHINGTON, March 03, 2009 Pending home sales declined on the heels of a weakening economy and with some buyers waiting for clarity on housing stimulus provisions, according to the National Association of Realtors®. More...
National Real Estate Market Articles    Source:NATIONAL ASSOCIATION OF REALTORS®.
This Month’s
Consumer Articles
Are you PreApproved or PreQualified?
Smart buyers know that starting the mortgage process early in their search for a home can make for a much smoother real estate transaction. However, simply corresponding with a mortgage lender before you make an offer on a property isn’t enough. You have two options available to you when you contact a lender prequalification and preapproval. Both may place you in a potentially stronger buying position, but they mean very different things. More...

What do Texas Homeowners Care About?
Most Texans know that Realtors are there to help you buy or sell your home. But many folks may not realize the role that Texas Realtors play in advocating for public policies benefiting homeowners. Earlier this year, the Texas Association of Realtors commissioned a telephone survey of Texas homeowners. More...
New-Home Sales Rise 4.7%
February's rise in new home sales is another positive sign that the housing market is improving. Good deals on foreclosures and distressed properties are fueling interest. More...
Agritourism: From New England to Baja at 10 Luxury Farm Retreats
"Geotourists” – travelers seeking culturally authentic experiences that preserve ecological and cultural environments – have found a new venue. Long popular in Europe, farm vacations in the U.S. give guests a chance to connect with barnyard animals and heirloom vegetable gardens amid rolling pastures. View SlideShow...
Home with a Concert Hall
$24 million home perched on a hillside with panoramic vistas, 5 floors, 18,000 square feet of curved wood, floor-to-ceiling glass describes this amazing home that includes a concert hall. Jim Stewart, classical violinist and author of calculus textbooks, builds his dream home. View Slideshow...



 

National
Housing Indicators
Existing Home Sales
(February)
4.72 million units*
Existing Home Median Price
(February)
$165,400
Housing Starts
(February)
583,000 units*
New Home Sales
(February)
309,000 units*
*seasonally adjusted annual rate
Source NATIONAL ASSOCIATION OF REALTORS®.


National
Economic Indicators
Homeownership Rate
4th Qtr 08 4th Qtr 07
67.5% 67.8%

The homeownership rate in the fourth quarter 2008 (67.5 percent) was not statistically differerent from the fourth quarter 2007 rate (67.8 percent). No region showed a significant change from corresponding rates in the fourth quarter 2007.
New Home Sales
Feb 09 Jan 09
 
 
 
+4.7% -13.2%

Sales of new one-family houses in February 2009 were at a seasonally adjusted annual rate of 337,000. This is 4.7% above the revised January 2009 estimate of 322,000.
Source U.S. CENSUS BUREAU

Real Estate Sales Statistics
February 2009 Existing Home Statistics
Source: NATIONAL ASSOCIATION OF REALTORS®.

Metropolitan Prices & State Sales
 View Prices / % Changes for 159 Cities & Metropolitan Areas
    State Home Sales |  Total Sales of Single-family and Condo/Co-ops
    Housing Affordability Index |  Click Here to view details
  Mouse over the map to view
Regional Definitions
   
   
National Home Sales
  Homes
4,720,000
Single Family
4,230,000
Condo/Co-op
490,000
vs. last month:  5.1%  4.4%  11.4%
vs. last year:  -4.6%  -3.6%  -13.1%

National Sales Price of Homes
  Homes
$165,400
Single Family
$164,600
Condo/Co-op
$172,200
vs. last year:  -15.5%  -15.0%  -18.7%


Regional Home Sales
  U.S.
4,720,000
Northeast
740,000
Midwest
1,040,000
South
1,740,000
West
1,200,000
vs. last month:  5.1%  15.6%  1.0%  6.1%  2.6%
vs. last year:  -4.6%  -14.9%  -14.0%  -11.2%  30.4%

Regional Sales Price of Homes
  U.S.
$165,400
Northeast
$251,200
Midwest
$131,000
South
$146,700
West
$204,600
vs. last year:  -15.5%  -4.8%  -7.8%  -10.0%  -30.3%

Regional Single Family Home Sales
  U.S.
4,230,000
Northeast
550,000
Midwest
970,000
South
1,600,000
West
1,110,000
vs. last month:  4.4%  14.6%  1.0%  4.6%  2.8%
vs. last year:  -3.6%  -14.1%  -11.0%  -11.6%  30.6%

Regional Sales Price of Single-Family Homes
  U.S.
$164,600
Northeast
$260,100
Midwest
$129,600
South
$147,900
West
$207,700
vs. last year:  -15.0%  -5.1%  -5.4%  -9.3%  -30.0%

Regional Condo/Co-Op Sales
  U.S.
490,000
Northeast
190,000
Midwest
70,000
South
140,000
West
90,000
vs. last month:  11.4%  18.8%  0.0%  27.3%  0.0%
vs. last year:  -13.1%  -17.0%  -39.1%  -4.1%  21.6%

Regional Sales Price of Condo/Co-ops
  U.S.
$172,200
Northeast
$225,300
Midwest
$150,800
South
$132,800
West
$165,800
vs. last year:  -18.7%  -5.0%  -23.4%  -20.5%  -31.5%

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