John Virden

Keller Williams Memorial

950 Corbindale Rd., Suite 100
Houston, TX 77024


Cell: 832-205-7797   
Phone: 713-461-9393 

Housing Trends

Feb2014

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National market update

Existing-Home Sales Drop in January While Prices Continue to Grow

WASHINGTON (February 21, 2014) – Existing-home sales fell in January to the lowest level in a year-and-a-half, but ongoing inventory shortages continue to lift prices in much of the U.S., according to the National Association of Realtors®. Read more

December Pending Home Sales Fall

WASHINGTON (January 30, 2014) – Pending home sales measurably dropped in December, with abnormal weather partly inhibiting home shopping in much of the U.S., according to the National Association of Realtors®. Declines were experienced in all four major regions.
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National housing indicators

Existing home sales ()

4.62*

Existing home median price ()

$188,900

Housing Starts ()

880,000*

New home sales ()

444000*

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

National economic indicators

Home ownership

4th Qtr 2012

65.4%

4rd Qtr 2013

65.2%

The homeownership rate in the fourth quarter 2013 was 65.2 percent, down 0.2 (+/- 0.4)* percentage points from the fourth quarter 2012 rate of 65.4 percent. The homeownership rate in the Northeast was lower than its corresponding fourth quarter 2012 rate, while the rates in the Midwest, South, and West were not statistically different from the rates a year ago.

New home sales

November 2013

-3.9%

December 2013

-7.0%

Sales of new single-family houses in December 2013 were at a seasonally adjusted annual rate of 414,000. This is 7.0 percent (+/- 17.5%)* below the revised November 2013 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.

If you haven't tried Myth Kafe on 1730 Jefferson St, Houston, TX 77003. Go by and give them a go. It's a remarkable Greek restaurant! Food is prepared fresh daily and I have yet to be disappointed by any of the items. George and Paige run an awesome restaurant here. They like their customers to relax, enjoy the food, and take their time. Read more

THE HOUSTON HOUSING MARKET FLEXES ITS MUSCLE IN JUNE HOUSTON — (July 15, 2015) — The Houston real estate market’s see-saw ride continued following May’s sales dip, with June sales volume up 4.1 percent and home prices setting new record highs. Only homes priced below $150,000 experienced a sales decline. Read more

Saturday, August 8th from 8AM-10AM is the 18th Annual Back to School Supplies Giveaway sponsored by the Morales Memorial Foundation. You MUST register and students must be present to pick up supplies. Click for more info. Read more

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Consumer tips & hot properties

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Boost Your Credit Score to Buy a Home

Promises of loans for bad credit borrowers, while common amid the housing boom in the early 2000s, are now rare. If you?re interested in buying a home today, know that lenders will carefully check your credit and will rarely approve a loan for someone with seriously bad credit. Read more

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Odd Moving Tips That Really Work

You’ve got the basics ? cardboard boxes, newspaper, the phone number of a pizza place so you can feed the friends helping you move all your worldly goods. But do you have enough socks for the stemware? Read more

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How Much Mortgage Can I Afford?

When you buy a home, the amount you can spend depends on how much you have in cash to use for a down payment and how much you can borrow. A mortgage lender can prequalify you for a loan,
Read more

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Experts Predict 2014 Housing Market

The U.S. real estate market made a robust comeback in 2013, surpassing expectations of many economists, as the combination of low inventories and historically low interest rates caused home prices to rise and even helped fuel bidding wars in some markets, surpassing the expectations of many economists. While positive trends, such as increasing home values, are expected to continue into 2014, mortgage rates are also expected to rise in the coming year and could put a damper on home buyers? abilities to afford new homes. Read more

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2014 Remodeling Trends

Home remodeling may have taken a backseat during the recession, but not anymore. According to a 2013 Hanley Wood survey, remodeling sales were up 10 percent compared to 2012, and 45 percent of remodelers surveyed expected another 10 percent growth in 2014. Read more

Existing Home Statistics

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