John Virden

Keller Williams Memorial

950 Corbindale Rd., Suite 100
Houston, TX 77024


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

Housing Trends

February 2016

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National market update

Existing-Home Sales Inch Forward in January, Price Growth Accelerates

WASHINGTON (February 23, 2016) — Existing-home sales crept forward in January to the highest annual rate in six months, and subpar supply levels propelled price growth to the fastest increase since last April, according to the National Association of Realtors®. The West was the only region to see a decline in sales in January.


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The Numbers Are In: Yup, 2016 Is Off to a Good Start in Home Sales

We may be on the verge of spring, but housing and economic reports work on a bit of a lag time. We’ve only just gotten the major data reports for January, and it’s giving us a clear-eyed view of how the real estate market is measuring up this year. And yeah, things are looking good.


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National housing indicators

Existing home sales (January)

5.47 millions units*

Existing home median price (January)

$213,800

Housing Starts (January)

1.099 millions units*

New home sales (December)

0.544 millions units*

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

National economic indicators

Home ownership

4th Qtr 2015

+63.8%

4th Qtr 2014

+64.0%

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

January 2016

-9.2%

December 2015

+8.2%

Sales of new single-family houses in January 2016 were at a seasonally adjusted annual rate of 494,000. This is 9.2 percent (+/- 13.5%)* below the revised December 2015 estimate of 544,000.

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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A New Approach to the Rent vs. Buy Calculation

Deciding whether to buy a home or keep renting is one thing. Is it worth it to splurge on a new home or stick with a gently used one? We delve into the data to find out.


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6 Reasons You Should Never Buy or Sell a Home Without an Agent

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7 Things Buyers Do That Real Estate Agents Hate

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9 Telltale Signs Your Home Is Hopelessly Outdated

Your passé decor may be dragging down your home's value and making it tougher to sell.


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Existing Home Statistics

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