Bonnie Collins

RE/MAX Elite Properties

14257 FM 2920 Ste 115
Tomball, TX 77377


Cell: 832-474-7132   
Phone: 713-955-2510 

Housing Trends

January 2015

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National market update

Existing-Home Sales Rebound in December, 2014 Total Sales Finish 3 Percent Below 2013

WASHINGTON (January 23, 2015) – Despite low inventory conditions, existing-home sales bounced back in December and climbed above an annual pace of 5 million sales for the sixth time in seven months, according to the National Association of Realtors®. Median home prices for 2014 rose to their highest level since 2007, but total sales fell 3.1 percent from 2013.

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Ready for a Jolt to the Housing Market?

The strengthening of the economy will drive the housing market forward this year and make up for last year’s "unspectacular” housing activity, according to Fannie Mae’s Economic & Strategic Research Group’s report, released Thursday. Stronger wages for many Americans likely will lead to a higher rate of household formation in 2015, Fannie researchers note.

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National housing indicators

Existing home sales ()

5.04 millions units*

Existing home median price ()

$209,500

Housing Starts ()

1.089 millions units*

New home sales ()

4.38 millions units*

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

National economic indicators

Home ownership

3rd Qtr 2014

+64.4%

3rd Qtr 2013

+65.3%

The homeownership rate in the third quarter 2014 was 64.4 percent, down 0.9 (+/- 0.4) percentage points from the third quarter 2013 rate of 65.3 percent. The homeownership rates in the Northeast, Midwest and South were lower than the rates in the third quarter 2013, while the rate in the West was not statistically different from the rate a year ago.

New home sales

November 2014

-1.6%

October 2014

-2.2%

Sales of new single-family houses in November 2014 were at a seasonally adjusted annual rate of 438,000. This is 1.6 percent (+/- 12.3%)* below the revised October 2014 estimate of 445,000.

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.

HOUSTON MARKET NEWS FROM BONNIE

A luxury homebuilder is nearing completion of the first luxury homes in a new golf resort under construction north of Houston. Tipler Design and Build LLC, began construction in May on 147 resort homes in Bluejack National, a new residential community anchored by the first championship golf course designed by Tiger Woods set to open in the U.S. Read more

If there’s something crawling in your home, who you gonna call? Many Houston homeowners call a bug-buster — and more frequently than their counterparts in other cities around the country. Read more

Houston’s housing market seems to be “holding its own,” although there are some signs of a slowdown amid the oil slump, according to the Houston Association of Realtors. 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.