Loretta Blendermann, CDPE, CHMS

ELITE TEXAS PROPERTIES

14090 FM 2920, Ste G-133
Tomball, TX 77377


Cell: 713-851-2620   
Phone: 713-851-2620 
Fax: (866) 523-4049

Housing Trends

May 2016

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National market update

Existing-Home Sales Rise in April for Second Straight Month

WASHINGTON (May 20, 2016) — Despite ongoing inventory shortages and faster price growth, existing-home sales sustained their recent momentum and moved higher for the second consecutive month, according to the National Association of Realtors®. A surge in sales in the Midwest and a decent increase in the Northeast offset smaller declines in the South and West.



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The 10 Best Markets for Millennials

The road to home ownership has been a struggle for many young adults, mostly due to financial obstacles. However, some millennials may find more luck in less expensive metro areas that also have steady job growth and lower qualifying incomes necessary to purchase a home.



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National housing indicators

Existing home sales (April)

5.45 millions units*

Existing home median price (April)

$232,500

Housing Starts (April)

1.172 millions units*

New home sales (March)

0.511 millions units*

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

National economic indicators

Home ownership

4th Qtr 2015

+63.8%

4th Qtr 2014

+64%

The homeownership rate in the fourth quarter 2015 was 63.8 percent, down 0.2 (+/- 0.4)* percentage points from the fourth quarter 2014 rate of 64.0 percent. The homeownership rates in the Northeast, Midwest, South and West were not statistically different from the rates in the fourth quarter 2014.

New home sales

February 2016

+2.0%

January 2016

-7.0%

Sales of new single-family houses in February 2016 were at a seasonally adjusted annual rate of 512,000. This is 2.0 percent (+/- 18.8%)* above the revised January 2016 estimate of 502,000.

Source: U.S. CENSUS BUREAU

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Regional market updates

View market statistics for your region.

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.

Loretta Blendermann, CDPE, CHMS

Hello, Although times are hard right now the Houston area market has continued to be strong. Please contact me for a snap shot of your local area. I service Tomball, Magnolia, and Cypress. I specialize in Equine or land sales and cover Montgomery & Waller Counties. There is a difference in just listing your property and selling your property.

Please visit my website and save your favorite searches in your folder! Read more

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Existing Home Statistics

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