Bonnie Collins

RE/MAX Elite Properties

14257 FM 2920 Ste 115
Tomball, TX 77377


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

Housing Trends

February 2015

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National market update

Existing-Home Sales Lose Momentum in November as Inventory Slightly Tightens

WASHINGTON (February 23, 2015) – Existing-home sales declined in January to their lowest rate in nine months, but the pace was higher than a year ago for the fourth straight month, according to the National Association of Realtors®. All major regions experienced declines in January, with the Northeast and West seeing the largest.

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Home-Price Growth Slightly Accelerates in Fourth Quarter of 2014

WASHINGTON (February 11, 2015) – The majority of metropolitan areas experienced steady but slightly stronger price growth in the fourth quarter of 2014, behind a decline in housing supply and an uptick in demand fueled by lower interest rates and a stronger job market, according to the latest quarterly report by the National Association of Realtors®.

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National housing indicators

Existing home sales ()

4.82 millions units*

Existing home median price ()

$199,600

Housing Starts ()

1.065 millions units*

New home sales ()

4.81 millions units*

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

National economic indicators

Home ownership

4th Qtr 2014

+64.0%

4th Qtr 2013

+65.2%

The homeownership rate in the fourth quarter 2014 was 64.0 percent, down 1.2 (+/- 0.4) percentage points from the fourth quarter 2013 rate of 65.2 percent. The homeownership rates in the Northeast, Midwest and South were lower than the rates in the fourth quarter 2013, while the rate in the West was not statistically different from the rate a year ago.

New home sales

January 2015

-0.2%

December 2014

+8.1%

Sales of new single-family houses in January 2015 were at a seasonally adjusted annual rate of 481,000. This is 0.2 percent (+/- 22.2%)* below the revised December 2014 estimate of 482,000.

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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Consumer tips & hot properties

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Our Housing Report Says the Market Is Out of Whack—But With 4 Bright Spots

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5 Tax Mistakes New Homeowners Make

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You Could Get 3 Big Tax Breaks—If You Buy a Home in 2015

In many ways, 2015 is a great time to buy a home, not the least of which is for certain tax breaks.

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Existing Home Statistics

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