Cynthia Guest
Keller Williams Realty Houston Metropolitan
713-824-5098
 
4956 Post Oak Timber, Houston, TX 77056     Phone: (713) 824-5098     Fax: (713) 666-9366   
DECEMBER-2009 Newsletter
Housing Trends eNewsletter is filled with local and national real estate sales and price activity provided by MLSs and the National Association of Realtors, U.S. Census Bureau key market indicators, housing market video reports, blogs, real estate glossary, maps, mortgage rates and calculators, consumer articles, and information on 50,000 neighborhoods.
*Prepared by National Association of REALTORS®
**Prepared by Clarus MarketMetrics
Daily Real Estate Market Outlook
Economists' Commentaries provide an in-depth look at trends and current news related to housing and the real estate market.   Click here
What’s New
National Real Estate Market
NAR Survey Shows First-Time Home Buyers Set Record in Past Year
San Diego, November 13, 2009 First-time home buyers reached the highest market share on record during the past year, according to the latest consumer survey of home buyers and sellers. More...
Existing-Home Sales Surge in Many States in Third Quarter, Metro Prices Moderating
WASHINGTON, November 10, 2009 Most states continued to experience rising existing-home sales in the third quarter, with prices moderating in many metro areas, according to the latest survey by the National Association of Realtors®. More...
Tax Credit Extension a Positive Step Toward Sustained Real Estate Recovery, Say Realtors®
Washington, November 05, 2009 The National Association of Realtors® today commended the U.S. Senate and House of Representatives for passing a bill that includes an extension and expansion of the current home buyer tax credit as an important step in ensuring a real estate and economic recovery. More...
National Real Estate Market Articles    Source:NATIONAL ASSOCIATION OF REALTORS®.
This Month’s
Consumer Articles
Football Legend Joe Montana's Tuscan Villa in Calistoga
Joe Montana, searched long and hard to find the perfect 500 acres on a hilly, forested expanse with year-round creeks and uninterrupted views in Calistoga, CA, to build his 9,700-square-foot Tuscan villa-style house. View beautiful photos...

Let the IRS Help You Give a Home for the Holidays
Let Uncle Sam be your Santa Claus this year when you take advantage of the IRS Gift Tax (http://www.irs.gov/publications/p950/index.html). "You and your spouse are each allowed to give gifts of $13,000 of money or property to as many people as you want, without triggering taxes for you or the recipients." More...
7 Smart Strategies for Remodeling Your Bathroom
When planning a kitchen remodeling project, keep the same footprint, add storage, and design adequate lighting to preserve value and keep costs on track. More...
12 Ways to Save Energy in Your Home Office
I bet you didn't realize how your power consumption increases with your office office. Most of us are happy to elimiate the commute and gas usage. Here are tips to cut your power consumption, lighting, and heating and cooling costs when you work from home. More...

Homebuyer Tax Credit: What You Need To Know
Long-time homeowners and first-time homebuyers may benefit from a new federal tax credit when purchasing a home. Buy before April 30, 2010 to qualify. More...
 

National
Housing Indicators
Existing Home Sales
(Octber 2009)
6.10 millions units*
Existing Home Median Price
(Octber 2009)
$173,100
Housing Starts
(Octber 2009)
529,000 units*
New Home Sales
(Octber 2009)
430,000 units*
*seasonally adjusted annual rate
Source NATIONAL ASSOCIATION OF REALTORS®.


National
Economic Indicators
Homeownership Rate
3rd Qtr 09 3rd Qtr 08
67.6% 67.9%

The homeownership rate (67.6 percent) for the current quarter was not statistically different from the third quarter 2008 rate (67.9 percent) or from last quarter's rate (67.4 percent).
New Home Sales
Oct 09 Sept 09
 
 
 
+6.2% -2.4%

Sales of new one-family houses in October 2009 were at a seasonally adjusted annual rate of 430,000. This is 6.2% above the revised September 2009 estimate of 405,000.
Source U.S. CENSUS BUREAU

Real Estate Sales Statistics
October 2009 Existing Home Statistics
Source: NATIONAL ASSOCIATION OF REALTORS®.

Metropolitan Prices & State Sales
 View Prices / % Changes for 159 Cities & Metropolitan Areas
    State Home Sales |  Total Sales of Single-family and Condo/Co-ops
    Housing Affordability Index |  Click Here to view details
  Mouse over the map to view
Regional Definitions
   
   
National Home Sales
  Homes
6,100,000
Single Family
5,330,000
Condo/Co-op
770,000
vs. last month:  10.1%  9.7%  13.2%
vs. last year:  23.5%  21.4%  40.8%

National Sales Price of Homes
  Homes
$173,100
Single Family
$173,100
Condo/Co-op
$172,900
vs. last year:  -7.1%  -6.8%  -10.4%


Regional Home Sales
  U.S.
6,100,000
Northeast
1,060,000
Midwest
1,430,000
South
2,300,000
West
1,310,000
vs. last month:  10.1%  11.6%  14.4%  12.7%  1.6%
vs. last year:  23.5%  27.7%  28.8%  25.7%  12.0%

Regional Sales Price of Homes
  U.S.
$173,100
Northeast
$235,400
Midwest
$146,600
South
$151,100
West
$220,200
vs. last year:  -7.1%  -2.6%  1.1%  -6.3%  -14.7%

Regional Single Family Home Sales
  U.S.
5,330,000
Northeast
770,000
Midwest
1,290,000
South
2,080,000
West
1,190,000
vs. last month:  9.7%  10.0%  13.2%  13.0%  0.8%
vs. last year:  21.4%  24.2%  27.7%  23.1%  11.2%

Regional Sales Price of Single-Family Homes
  U.S.
$173,100
Northeast
$239,500
Midwest
$145,900
South
$153,000
West
$225,700
vs. last year:  -6.8%  -1.2%  3.1%  -5.2%  -15.0%

Regional Condo/Co-Op Sales
  U.S.
770,000
Northeast
290,000
Midwest
140,000
South
220,000
West
120,000
vs. last month:  13.2%  16.0%  27.3%  10.0%  9.1%
vs. last year:  40.8%  38.1%  42.9%  52.8%  26.3%

Regional Sales Price of Condo/Co-ops
  U.S.
$172,900
Northeast
$224,400
Midwest
$153,200
South
$133,300
West
$165,400
vs. last year:  -10.4%  -6.3%  -16.7%  -13.3%  -11.5%

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