John Virden

Keller Williams Memorial

950 Corbindale Rd., Suite 100
Houston, TX 77024


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

Housing Trends

April 2017

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National market update

Existing-Home Sales Stumble in February

WASHINGTON (March 22, 2017) — After starting the year at the fastest pace in almost a decade, existing-home sales slid in February but remained above year ago levels both nationally and in all major regions, according to the National Association of Realtors®.



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Tough Sell: 6 Bedroom Design Trends That Buyers Hate

The bedroom is probably the most personal room in your house, and not just because it’s where all (or at least some) of the magic happens. After all, it’s where you snuggle up at the end of a long, cold day; where you retreat when you’re sick; where you stash the items that mean the most to you. Most likely, the decor scheme is also pretty close to your heart.



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National housing indicators

Existing home sales (February)

5.48 million units*

Existing home median price (February)

$228,400

Housing Starts (February)

1.288 millions units*

New home sales (January)

0.555 millions units*

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

National economic indicators

Home ownership

3rd Quarter 2016

63.7%

3rd Quarter 2015

63.8%

The homeownership rate of 63.7 percent was not statistically different from the rate in the fourth quarter 2015 (63.8 percent) or the rate in the third quarter 2016 (63.5 percent).

New home sales

Jan 2017

+3.7%

Dec 2016

+6.1%

Sales of new single-family houses in February 2017 were at a seasonally adjusted annual rate of 592,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 6.1 percent (±17.3 percent)* above the revised January rate of 558,000 and is 12.8 percent (±18.0 percent)* above the February 2016 estimate of 525,000.

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.