Dorothy Mitchell

George E. Johnson Properties

12401 S. Post Oak Rd
Houston, TX 77045


Cell: 832-264-7286   
Phone: (713)721-5555 (112)
Fax: (713)721-8301

Housing Trends

Jul2012

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National market update

Buyer Interest Remains Solid as Inventory Shrinks

WASHINGTON (July 19, 2012) Lawrence Yun, National Association of REALTORS® chief economist, said "Despite the frictions related to obtaining mortgages, buyer interest remains solid. But inventory continues to shrink and that is limiting buying opportunities. This, in turn, is pushing up home prices in many markets.” More...
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April Existing-Home Sales Up, Prices Rise Again

WASHINGTON (May 22, 2012) – Existing-home sales rose in April and remain above a year ago, while home prices continued to rise, according to the National Association of Realtors®. The improvements in sales and prices were broad based across all regions. More... Read more

National housing indicators

Existing home sales ()

4.37 million units*

Existing home median price ()

$189,400

Housing Starts ()

760,000 units*

New home sales ()

369,000 units (May)*

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

National economic indicators

Home ownership

1st Qtr 12

65,4%

1st Qtr 11

66.4%

The homeownership rate in the first quarter 2012 (65.4 percent) was lower than the first quarter 2011 rate (66.4 percent). The homeownership rates in the Northeast, Midwest, South, and West were lower than the corresponding first quarter 2011 rates.

New home sales

June 12

-8.4%

May 12

+6.7%

Sales of new single-family houses in June 2012 were at a seasonally adjusted annual rate of 350,000. This is 8.4 percent (+/- 12.4%)* below the revised May 2012 estimate of 382,000.

Source: U.S. CENSUS BUREAU

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Regional market updates

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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.

Dorothy Mitchell

Happy New Year 2013!!! I pray that we all enter into the new year thankful and looking forward to the possibilities. Your REALTOR for Life Dorothy

Disclaimer: The views, opinions, statements and/or ideas expressed in this Message Section do not reflect the ideas, policy, position, views or opinion of Move,Inc.

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Existing Home Statistics

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