John Virden

Keller Williams Memorial

950 Corbindale Rd., Suite 100
Houston, TX 77024


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

Housing Trends

October 2016

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National market update

First-time Buyers Steer Existing-Home Sales Higher in September

WASHINGTON (October 20, 2016) — Existing-home sales rebounded strongly in September and were propelled by sales from first-time buyers reaching a 34 percent share, which is a high not seen in over four years, according to the National Association of Realtors®. All major regions saw an increase in closings last month, and distressed sales fell to a new low of 4 percent of the market.



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Homes For Sale: Ghosts Included

Some home sellers and real estate professionals are using Halloween to market the "haunted home” reputation of their listing. And for fodder, here are some of the spookiest listings for sale across the country, according to TopTenRealEstateDeals.com



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National housing indicators

Existing home sales (September)

5.47 millions units*

Existing home median price (September)

$234,200

Housing Starts (September)

1.047 millions units*

New home sales (August)

0.609 millions units*

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

National economic indicators

Home ownership

3rd Quarter 2016

63.5%

3rd Quarter 2015

63.7%

The homeownership rate of 63.5 percent was 0.2 percentage points (+/-0.5)* lower than the third quarter 2015 rate (63.7 percent) and 0.6 percentage points (+/-0.5)* high than the second quarter 2016 rate(62.9 percent).

New home sales

Sept 2016

+3.1%

Aug 2016

-7.6%

Sales of new single-family houses in September 2016 were at a seasonally adjusted annual rate of 593,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 3.1 percent (±16.2%)* above the revised August rate of 575,000 and is 29.8 percent (±23.4%) above the September 2015 estimate of 457,000.

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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Existing Home Statistics

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