Huyen Gomez

H.G. Realty

3203 Tuam St
Houston, TX 77004



Phone: (713) 240-1861 
Fax: (713) 634-2730

Housing Trends

October 2012

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National market update

September Existing-Home Sales Down but Prices Continue to Improve

WASHINGTON (October 19, 2012) - September existing-home sales declined modestly, but inventory continued to tighten and the national median home price recorded its seventh back-to-back monthly increase from a year earlier, according to the National Association of Realtors®. More...


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National housing indicators

Existing home sales ()

4.76 million units*

Existing home median price ()

$183,900

Housing Starts ()

872,000 units*

New home sales ()

389,00 units*

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

National economic indicators

Home ownership

2nd Qtr 12

65.5%

2nd Qtr 11

65.9%

The homeownership rate in the second quarter 2012 (65.5 percent) was lower than the second quarter 2011 rate (65.9 percent). The homeownership rate in the South was lower than the corresponding second quarter 2011 rate, while the rates in the Northeast, Midwest, and West were not statistically different.

New home sales

Sept 12

+5.7%

Aug 12

-1.3%

Sales of new single-family houses in September 2012 were at a seasonally adjusted annual rate of 389,000. This is 5.7 percent (+/- 14.8%)* above the revised August 2012 estimate of 368,000.

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.

Huyen Gomez

Home Ownership matters…to people, to communities, and to America. Why? • For every two homes sold, one job is created in the U.S. • Each purchase generates as much as $60,000 in economic activity over time. Read more

Buying is now cheaper than renting in 74 percent of the nation’s largest cities. Low home prices and “rock-bottom” interest rates as well as tax advantages of homeownership are the reasons why it’s now cheaper to BUY a 2-bdrm home than to rent one. Check out this CNN Money article with the details. Read more

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.

Consumer tips & hot properties

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Consumers Save on Mortgage Closing Costs

Steve Cook, Reecon Advisory Report, explains the good news for homebuyers purchasing a mortgage and homeowners looking to refinance. Closing costs have fallen this year. Learn how to benefit. More... Read more

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Seasonal Changes Remind Us to Prep Home for Winter

No matter where you live, seasonal changes are a good reminder to tend to your home. Here are tips by region on getting rid of leaves, checking your foundation for drought-related issues, preventing ice dams and even prepping your garden for winter. More...
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Teach Kids Energy Saving Tricks

How to Get Kids to Save Energy Published: August 29, 2012 By: Courtney Craig 1Comment Tagged in: Green Living Saving Energy Want your kids to pitch in and help save energy? Green parenting bloggers weigh in on getting kids to flip the switch and stop wasting energy. More... Read more

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Halloween Light Ideas

When you stroll through your neighborhood this Halloween season, get ready for some front-yard tricks and some awesome lighting treats. Halloween displays are more sophisticated — and fun — than ever! More... Read more

Existing Home Statistics

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