Quinn Luong

RE/MAX United

9889 Bellaire Blvd #118
Houston, TX 77036


Cell: 713-922-7998   

Fax: 832-487-8000

Housing Trends

January2010

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National market update

Another Big Gain in Existing-Home Sales as Buyers Respond to Tax Credit

Washington, December 22, 2009 Existing-home sales rose again in November as first-time buyers rushed to close sales before the original November 30 deadline for the recently extended and expanded tax credit, according to the National Association of Realtors®. More... Read more

Four out of 10 Recent Buyers Relied on FHA Loans, Says NAR

Washington, December 18, 2009 According to the most recent Realtors® Confidence Index, 39 percent of recent buyers purchased a home with a Federal Housing Administration-insured loan. More... Read more

Nine Consecutive Gains for Pending Home Sales

Washington, December 01, 2009 Pending home sales have risen for nine months in a row, a first for the series of the index since its inception in 2001, according to the National Association of Realtors®. More...

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National housing indicators

Existing home sales ()

5.45 million units*

Existing home median price ()

$178,300

Housing Starts ()

557,000 units*

New home sales ()

342,000 units*

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

National economic indicators

Home ownership

3rd Qtr 09

67.6%

3rd Qtr 08

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

Nov 09

-11.3%

Oct 09

+1.8%

Sales of new one-family houses in November 2009 were at a seasonally adjusted annual rate of 355,000. This is 11.3% below the revised October 2009 estimate of 400,000.

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.

Quinn Luong

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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WSJ.com's 2009 "Most Often Viewed Featured Homes"

If you missed these spectacular homes for sale in 2009 that were featured in WSJ.com's real estate section, here's your chance to enjoy the 'eye-candy'. More... Read more

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Exterior Remodeling Proves Best Bang for Your Buck, Realtors® Report

Washington, December 17, 2009 Despite a slow market and a slight decrease in the resale value of most remodeling projects, Realtors® report that the smartest home improvement investments may also be some of the least expensive. More...
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How to Eliminate Mold from Your Home

Since the mold industry is largely unregulated, use this guide to ensure you find a credentialed professional and understand the inspection, sampling, and clean-up process. More...
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Smart Strategies for Building a Master Closet

Oliver Marks, says "Done right, a walk-in closet will add convenience and value to your master suite addition, and extend the life of your wardrobe, too".

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Existing Home Statistics

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